Do I need a bookkeeper if I use Xero?

The use of accounting software has improved the bookkeeping quality of businesses. Earlier bookkeeping with manual processes was one of the hectic tasks for the accounts department.
Different unwanted errors and inefficiency in bookkeeping was the main problem for bookkeepers. With accounting software, there has been an improvement in Accounting and Bookkeeping for businesses.

Xero accounting software is a very nice tool for bookkeeping and accounting of businesses. This software has made the task of big business and has also been a big benefit for small businesses.

As Xero is easy-to-use bookkeeping and accounting software, it has simplified the work considerably. Many people have a common question if Xero could do all the accounting tasks then is there a need for a bookkeeper to manage it?

In this case, the decision will depend on the number of tasks and the ability to handle accounting aspects. If you can handle all the bookkeeping tasks efficiently by using this software then it is fine, else you need to have a bookkeeper for handling this activity.

What are the important features offered by the Xero accounting software?

– Proper recording of financial transactions

– Integrating proper bank accounts

– Handling tax aspects properly

– Better cash flow management

– Reconciliation of bank accounts

– Better financial reporting system

– Excellent invoice handling system

Above mentioned are the important features of Xero. Apart from these, there are other features too offered by Xero.

Why you may need a bookkeeper?

Although you are using Xero bookkeeping and accounting software, you might still need the Bookkeeper For Xero to handle.

Here are some reasons for it:

1. Ensuring proper financial recordings

Although you need not have to make financial recordings from scratch, you need to put them in proper places in the accounting books.

If you have knowledge of recording it then it is fine, otherwise, you will need an accounting knowledgeable person to make financial transaction entries at proper places in accounting books.

2. Faster bookkeeping activity

If you have a small business and fewer financial transactions then it is easier to make the financial transaction through this software.

However, irrespective of your business size, if your financial transactions are more then you have to bookkeeper to speed up the work.

3. Relieve the stress

Handling accounting with any accounting software can cause some level of stress. This might take away your focus from main business activities.

If you have a dedicated bookkeeper, you can relieve yourself from this stress to focus on your main business activities.

4. Handle taxation better

Although you can do the basic Accounting and Bookkeeping activities with Xero, you cannot handle taxation easily unless you have background or knowledge regarding it.

The expert Bookkeeper For Xero will have proper knowledge regarding taxation to handle tax-related activities properly.

5. Get better financial reports

If you are not well aware of the accounting background and this software, then you may not get proper reports.

However, a bookkeeper can help you get better financial reports to understand financial insights properly.

Conclusion

These are some important benefits of having a bookkeeper along with Xero accounting software. If you want to get an expert bookkeeper along with Xero software then you can consider Meru Accounting for it.

The Xero bookkeeping and accounting software experts can handle all the related activities.

They have helped achieve better efficiency in bookkeeping for businesses. Meru Accounting is a proficient accounting service-providing agency.