Someone said to me the other day, "could you set up my friends new business on Xero? It should only take a couple of hours"!
I had to correct them. While possbile, that way of thinking leads to accounting software systems that quickly becomes a millstone around your business neck. An ill thought out chart of accounts means that all too soon the business is unable to genuinely know what is working well and what is not. Invariably the accounting software gets blamed, but the reality is it was the ill thought out chart of accounts.
Yet it sparked the idea of creating two new services to met the changing market place. Fixed Price Xero Accounting Software Set-up Service for your small business or sole trader operations.
New business owners deserve to be set-up for long term success. That requires an accountant who genuinely understands business. Who will take the time to really really understand what their business is about. To explore what their longer term vision is, and the discover the nitty gritty of what that means operationally. Then and only then, creating a chart of accounts that fully mets their short, medium and long term needs. A chart of accounts that will be able to provide management reports that intelligently inform the business owner.
With our post COVID global reality, working virtually and on-line means in some ways starting your own business has never been easier, especially if coupled with a lot of planning, patience, and long term view. It is easy to imagine in 5 years we will see a lot of new companies maturing successfully as they adapt quickly to the local and global conditions. We hope you will be one of these companies.
If you are starting your own business or setting yourself up as a sole trader, it is important to lay down the right foundations in the beginning. If you are planning for success then you also need to plan to be too busy later on to spend time setting up new accounting systems. Do it the right way now, lay all the important foundations now and you will thank yourself later.
The services we are offering to sole traders and new businesses including setting up Xero Accounting Software. An in-dept exploration of what your business involves and your vision for the future. Setting up a matching chart of accounts, establishing bank feeds, GST if required, individualized invoices, quotes, statements, credit notes to match your
brand and training you on what is important. Then you can manage your accounting yourself. Of course as you grow we are here to support you as you need it.
Check out our pricing page for more information about our fixed price packages. We are passing on at cost our Xero Partner benefits packages that are not available to the general public. So you can benefit from small package offers at start up and change out to the standard packages when you are ready. Thereby optimizing your costs and cashflow.
Check out the details from Xero Partner Plan Cashbook GST Cashbook and the simple General Ledger options here https://www.xero.com/nz/features-and-tools/practice-tools/ledger-cashbook/
Then you can rest easy knowing you have set yourself up for success.
Wishing you all the best in your new business