At Bishop Toomey & Pfeifer we provide professional and cost effective accounting services to our clients. We have partnered with Xero, an online accounting system as it provides us with all the tools we need to do our work and allows us to work with our clients in a more proactive manner.
Xero provides you with a view of your financial information in real-time. There’s no need to buy expensive software and install upgrades. Xero is available on your PC or Mac in the office, at home or on popular mobile devices – anywhere, anytime. The beauty of Xero is that you can invite a number of trusted people such as trusted advisors (like us), shareholders, and other stakeholders to collaborate online. No more cumbersome transfer of data that can be corrupted or is out-of-date.
You may have heard the phrase “rubbish in, rubbish out” and here at Bishop Toomey and Pfeifer we tend to agree.
The trick with an accounting system is to understand how you enter data in order to give you the information you need to understand the financial performance of your business, whilst still accounting for your data accurately in terms of GST and income tax.
Xero provides numerous features which help to make it a management tool rather than just a book keeping tool and not only that they also have various features which can help you get paid faster by your clients.
The software industry have been very good at telling their customers that all you need to do is buy their software and it will give you all the benefits. Based on our experience what really provides the benefits, and a good return on your investment, is the training and support provided to ensure you get the most out of your chosen system.