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- While accounting softwares like Xero are quite powerful, they still require accounting knowledge.
- Too often, business owners try to do accounting by themselves using Xero, and end up with painful, costly mistakes down the road.
- Counto’s affordable accounting, that is only slightly more than the cost of Xero, offers a reasonable alternative to owners.
When an American bank asked 508 small business owners what the worst part about having their own business was—nearly half said bookkeeping. Xero is trying to change that. But is it enough? Let’s take a look.
Since its inception in 2006, Xero has quickly emerged as one of the leading innovators in the accounting industry. At a glance, it’s a small business accounting software that offers you numerous state-of-the-art tools at an affordable price-point. It offers secure access to your data in the cloud and a vast ecosystem of integrations that ease data entry, invoicing and many other use cases to simplify business processes.
With all these time-saving features, accounting and bookkeeping suddenly seem like a breeze. Only it’s easier said than done.
While Xero’s features make life and work easier for most small business owners, its usage lies in the expectation that they’re able to figure out the ins and outs of the system, like depreciation regulations and tax optimisation accounting, in addition to keeping up with the latest features and improvements it churns out every month—on their own.
However, let’s face it—lots of small businesses owners are often not technical, and certainly not accounting experts.
If account reconciliation inadvertently ends up with you throwing your hands in the air, having spent countless frustrating hours trying to get Xero to work the way you want it to, then you’ll find modern bookkeeping services like Counto that provide enterprise grade accounting services particularly useful.
At Counto, we place the accountant at your fingertips, not just your data.
Once you connect your Xero account, our technology takes over—and tracks every transaction, extracts key information, stores, organises and finds documents. Counto accountants work in-house and oversee everything to ensure your bookkeeping is done correctly—so you can focus on growing your business. Need more facts? See how we help online retailer, Abound Lifestyle with all their accounting needs.
Beyond managing your books and taxes, our expert team provides strategic direction with Virtual CFO Services. Here, we build custom financial models that increase cash flow and establish the financial foundation a successful business needs.
Of course, a cupcake is more appetising when topped with sweet sprinkles: Our accounting plans come with unlimited transactions and move in tandem with your revenue—when you earn less, you pay less. And vice versa.
On top of that, our free 30-day trial means it’s super simple for you to experience what running a business with Counto on your books is like.
Just bear this in mind—cupcakes are best eaten with frosting; bubble tea isn’t the same without pearls; and Xero works better with Counto.
Try Counto for free. We’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep. Contact us today!
