advantages and disadvantages of xero accounting software

Reality check – most “will do”įirst thing is first: most available retail bookkeeping/accounting software will do the/a job. Above that, I’d call you a mid-sized business, you’ll likely be confronted by the SMERP Dilemma, you should read this and then you should come and talk to us at Value Adders, to help guide you in your decision making.īut if you do fit into the small and micro-business majority demographic, and you’re interested in choosing the right software, then read on. This is especially the case when your turn-over is less than $3m and you have less than 20 employees (the majority of companies in Australia). Realistically, whilst the list of “it depends” questions can be very long, different answers still end up with the same recommended solutions, time and again. Do you need mobility in your business around data entry and reporting?.Does your bookkeeper or external accountant have a preference?.Do you have an existing system and what is it?.Who is going to drive the system and what experience/skills do they have?.What business goals you have (an exit, growth, status quo etc)?.The standard consultant and right answer is always “it depends”. We get contacted a lot about what is the best accounting / bookkeeping software to use in Australian businesses.

Advantages and disadvantages of xero accounting software