Cloud Accounting Software Provides Small Business With Real Time Accounts

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Real-time accounts, previously only available to large multinational companies with massive accounting budgets and staff, is now accessible for every small business, enabling them to measure their business performance on a daily basis.

One of our clients, reduced his monthly accounting to 2 hours per month and saved $2,500 per month in bookkeeping fees.

The greatest enemy of small business owners is lack of time. Most business owners struggle to keep up with the urgent aspects of their business like making sales, delivering the product or service and some marketing time.

The accounting function of their business is usually allocated to once a month, quarter or even year, late at night rushing against a tax deadline. As a result, business owners rely on outdated information about their business, resulting in poor decisions and costly delays in making changes to their business.

Arnold Shields of Dolman Bateman is converting more and more of his clients over to Xero, a cloud based accounting system. Shields says "We are converting more and more of our clients over to Xero Accounting as it is saving them hours of time and reducing bookkeeping costs for a better result. One of our clients, reduced his monthly accounting to 2 hours per month and saved $2,500 per month in bookkeeping fees. His accounts now only requires 5 minutes each day over his morning coffee at home."

The key to Xero is daily bank feeds and Paypal feeds four times per day. This reduces mistakes and the matching feature enables business owners to simply confirm each transaction with a click of the mouse.

Shields says "As an accountant, Xero has changed the nature of accounting from the traditional role of recording the past to proactive advise of the future of our clients"

"In the past, the accounting process was so painful for clients, that it was often the last thing to be done, as a result we always looking at financial accounts that needed fixing and were effectively out of date. Now, we can examine all our clients financial accounts only a regular basis, fix up their accounting problems instantly and advise them on problems and opportunities as they arise"

"Xero also enables us to work as accountants for clients around Australia rather than just Sydney"

Contact Information
Dolman Bateman & Co Pty Ltd
Level 8, 11 Help St
Chatswood NSW 2067

Phone: 02 9411 5422

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Arnold Shields
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Dolman Bateman & Co Pty Ltd