Xero Bookkeeping (Monthly)
Xero bookkeeping is the use of accounting software (Xero) to record and organise financial transactions. It has replaced physical books, making it easier to maintain correct financial records. However, it is important to understand why you need a Xero bookkeeper. They can help you record and reconcile every transaction while also fulfilling other duties such as accounts payable and accounts receivable, payroll, helping with your accounting reports and measuring your business performance.
Affotax provides you with experts who can manage your records every month, so you can run a successful business. Our Xero certified bookkeeper can help you check whether you are making more money than spending while also avoiding a cash crisis. Check out the benefits of our services below and get a quote today!
Basic Package
This package covers the essentials for accuracy; ideal for transactions <500 per month using Xero.
Package includes:
- Monthly recording on Xero
- Bank and credit card reconciliation
- Financial statement preparation and reporting
Premium Package
This package covers the essentials for accuracy; and is ideal for transactions <1000 per month using Xero.
Package includes:
- Monthly recording on Xero
- Bank and credit card reconciliation
- Financial statement preparation and reporting
Benefits of Our ‘Xero Bookkeeping’ Services:
Take the stress out of your life by choosing us, and manage your financial records accurately – get a quote today!
FAQs:
1. What is Xero bookkeeping?
It is when you systematically record, categorise and organise your transactions and other information using an accounting software called Xero. It makes it much easier to record correct financial data and gives real-time insights.
2. Why is it important for businesses?
It is important for businesses because it ensures real-time insights, easy reconciliation and helps in decision-making. We make sure your finances are in order and you are stress-free to focus on the growth of your business.
3. How long does Xero keep bookkeeping records?
It keeps your records for up to 7 years after your accounts are finalised, so you can easily access historical financial information for taxation, reference, or for future audits.
4. What is the difference between this and accounting in Xero?
The difference is that bookkeeping in Xero helps record and maintain correct information like invoices, receipts, and payments. While accounting helps analyse, interpret, and report the information to provide insights for the financial betterment of a business.
5. Can I customise your packages further?
Yes, we prioritise our clients and their needs, therefore, if our client wants customisation in our service, they can fulfil their needs and find a solution.
6. Why do accountants use Xero?
It is an online accounting software that is preferred by most accountants and it provides ease in managing financial data, collaborating with clients and providing timely and correct insights. It also provides other advanced features that help in multiple accounting complexities.
7. What is the average cost per month?
The average cost per month varies depending upon the industry or business type. Some bookkeepers charge up to $100, while others would charge $400 or more. Businesses with higher revenue and higher transaction volumes have higher average cost because of the need for more comprehensiveness and vice versa.
Have more questions? Contact us! Let us help you take your business to the next level – get a quote now!
