Confidence and clarity
November 2007
Karen Thorner sees three key areas where Xero benefits accountants working with clients – the ability to log in and check how clients are doing in real-time, the very useful cash position reporting included in the dashboard and the suggestion tool within the bank reconciliation feature, that continuously simplifies coding.
Karen says the first point is the most important. Xero gives her a better idea of her clients' businesses at any point in time, giving her confidence and clarity across her clients' accounts.
Karen recognised part of her firm's client base was doing their accountancy via Excel. Karen says Excel is a useful tool, but not ideal for recording accountancy transactions as errors are made and data lost.
Other clients were using more complicated packages for a cashbook and were therefore making mistakes. Putting these clients onto Xero has changed their accountancy practices for the better, and given the client an overview of their own business.
"Now we have an idea of where they and their businesses are at, at any point."
"All they have to do is tick a box. It couldn't be any simpler. In one quick look at their dashboard clients can see their cash position, as it's always up-to-date."
"The ability to create a match based on what you've reconciled in the bank reconciliation feature previously is great. We help set them up, with Xero defaulting to the right codes, then we leave clients to it, and they get it right! That's because of the 'best guess suggestion tool'."
"The more clients we have on Xero, the quicker and easier it will be to check for example, that their GST returns are correct."
Karen Thorner is a director at Stephenson Thorner Ltd, a chartered accounting firm in based in Wellington
