Accounting Services

Bookkeeping Outsourcing is Important – Here’s Why

03:14 as 0 Comments

Bookkeeping services include the practice of recording, analyzing and interpreting the financial transactions of a company or an individual. Bookkeeping Outsourcing Services includes the process where the accounting operations of a particular business are handled by organizations that are not a part of that business.


Bookkeeping services are an integral part of accounting in business, and we all know the benefits that come with it – strategic decision making, reliable performance measure, a benchmark for revenue and profit goals.

For a company, after it’s up and running, it can get difficult to manage its accounts because some other tasks rank higher up on the priority list.

The Importance Of Bookkeeping Outsourcing Services:


1. Expertise in Bookkeeping Services:


  • Outsourcing bookkeeping services ensure that your work is being done by an expert staff who have extensive knowledge in that particular field of study.

  • Other significant Benefits of Outsourcing Bookkeeping are that they are well aware of any updates on tax changes or reporting methods which enhances the quality of bookkeeping.

2. More Time and Money:

  • Outsourcing bookkeeping Services save on the time that was used initially for bookkeeping services and can now utilize in bettering the company.
  • Outsourcing mitigates any conflicts of interest that might arise due to having to bookkeeper as well as perform daily job tasks.
  • It also results in saving money which would otherwise have to pay to an employee as full-time or part-time wages and benefits.

3. Accuracy and Fraud checks:


  • Outsourcing bookkeeping services to experts warrant high levels of accuracy which ensures improved management of back-office functions.

  • Besides providing accuracy, outsourcing helps in controlling any possible fraudulent activities performed within the organization. That ensures unbiasedness and promotes more accuracy.

If You Need Any Further Information About Our Bookkeeping Services Feel Free To Contact Us Anytime.

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How to convert from QuickBooks to Xero?

22:08 as 0 Comments

There are three key reasons why you should consider converting your existing data from QuickBooks to Xero.


1. you will be able to compare prior periods. Xero allows you to convert data for the last two fiscal years. This will give you the ability to run comparison financial reports such as income statement, balance sheet, and cash flow statements. Having the ability to compare the current year to previous years can help you to identify trends in income and expenses, and other key areas that impact the bottom line.

Please note if you want to convert more than two years worth of data, there are a few Xero partners that will do it for a cost. Click the links below to learn more.

2. it's faster than starting from scratch. By converting your existing data Xero will transfer all of your information such as customers, suppliers, invoices, and bills. This can save you a lot of time that you normally would have spent setting up your business from scratch. Please note, if you did not do a good job of managing your books in your old system and you would prefer a fresh start, then you should not convert inaccurate data.

As the old adage goes, garbage in garbage out. Head over to our how to set up Xero course which includes 15 video tutorials that will walk you through step-by-step on how to set up your business from scratch. You can click here
to access the course.

3. converting your data is free. As a business owner we know how tight cash flow can be. Xero will convert your QuickBooks file for absolutely free. To ensure a successful conversion, there are a few steps that you need to take to prepare your QuickBooks file for the conversion. We will cover these next.

In order for Xero to convert your data your QuickBooks file must meet the following requirements: you must have a US edition of QuickBooks Windows or Mac version, that is a 2007 or a newer version, you are currently using a US edition of QuickBooks Online, and you have never turned on the multi-currency feature in QuickBooks. If you meet these requirements then Xero will convert the current year and the previous fiscal year if this information is in your QuickBooks file.

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