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Xero in on a great accounting software.

/ Exdiabookkeepingservices, Xero Bookkeeping Sydney / By

Xero in on a great accounting software. 

Is there a single software that perfectly fits every conceivable situation? No, there’s not.
Are there great software options that do suit of large number of situations? Yes, there are.
And Xero is a good example, along with others like MYOB, QuickBooks and the like.
What can you expect when you start exploring the world of modern accounting software? Here’s a few pointers to get you going.

  • Don’t stress to much about it. If you’re running a fairly typical organisation, it’s hard to go wrong with one of the big names. They’ve probably got more features than you’re ever going to use.
  • Having said that, keep an eye out for features you really want. Every business is unique and there may be areas you want to have extra functionality in.
  • Explore some of the features that may look a bit daunting (like bank feeds or automatic invoice reminders). They might look unfamiliar but they could save you a bucket-load of time.
  • Unless you’ve got a good, logical reason not to, go with a cloud option. “Cloud” just means your software sits on another computer (or server) and you access it through the internet. This can give you great flexibility, automatic updates and reliable backups.
  • Think in an appropriate time frame. If you’re a start-up, you probably don’t need something that will do you for 20 years of growth. But you probably do want something that will stretch with you for about 5 years, so keep that in mind.
  • Think about who’s going to be using the system. Make sure it’s something your team can work with in their day-to-day tasks. Why not involve your team in the process? – They may have already tried a few of the options you are looking at.
  • And don’t forget to cover off the basics like price, contract terms, level of support and just the general feel of the software company.

So, while there’s no “one-size-fits-all” magic solution, there are some excellent “one-size-fits-many” options to choose from. And many providers will give you a free trial so you can see how their software fits you!

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Johanna
Johanna is a dedicated bookkeeper with a passion for helping clients understand their finances – and being part of Exdia makes her excited. Johanna has extensive experience in bookkeeping for distribution and retail businesses. Outside of work, she enjoys spending time with family and friends.
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Analee
Analee enjoys contributing to clients' business success through accurate financial reporting and timely transaction processing. She likes the strong communication and collaborative environment within the team. Analee’s expertise is in payables, receivables, reconciliations, financial reporting, and budget preparation. Outside work, she enjoys outdoor activities, engaging conversations, and exploring books and movies.
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Gladys
Gladys is delighted to be working at Exdia - she enjoys the caring, supportive and warm working environment across the whole team. She appreciates the constant opportunities to learn and grow, to understand of clients’ needs and how best to go about delivering positive outcomes for them. Gladys enjoys spending time with my family, going for drives of which she learn new things and engaging in activities that help grow her faith.
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Daniel
Daniel specialises in connecting with churches all across Australia to get to know their ministry context and how they are going. He enjoys the interesting variety of large, well-established churches as well as smaller family churches. Daniel appreciates being a part of a team who genuinely cares about what they do as well as for each other, and the way best efforts are always given and help is readily available. Outside of work, Daniel enjoys exercising, reading a book and spending time with his wife and children.
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Kartika
Kartika is a passionate about connecting churches with effective bookkeeping solutions. As part of the Exdia team, she enjoys a supportive and family-like environment. With a background in finance and a current pursuit of advanced theological studies, Kartika brings a unique perspective to her role. In her spare time, she finds joy in reading, cooking, and spending quality time with family. [Bachelor of Commerce (Liberal Studies) with a Major in Finance; Studying for Advanced Diploma in Bible, Mission and Ministry]
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