Xero UK is evolving its partnership with Movemybooks. I’m pleased to say that it’s now free to convert from Sage Business Cloud to Xero.
Thousands of businesses have used Movemybooks to move to Xero from Sage and Quickbooks desktop, and Quickbooks Online. And more and more firms are looking to improve efficiencies by working with fewer accounting software packages. So we’re thrilled to be able to work with Movemybooks who provide a simple conversion option.
You would once have had to export, clear up and move data in a standardised format for Xero. But Movemybooks does it all for you, making that once time-consuming conversion process so much simpler.
Improving practice efficiency with one platform
Our research shows that firms with more online clients have greater efficiencies and increased revenue. And the cloud has already freed up time for accountants to do more to help small businesses prosper. So by focussing attention on one accounting platform like Xero, firms can maximise their, and their clients’, efficiency.
Neil Stevens, from pacesetting firm Bromhead Chartered Accountants, once juggled many accounting systems. But he soon found that his practice could be more efficient using a few. “A lot of these cloud systems are reasonably easy to use. So there wasn’t a problem being able to [use multiple systems] – but it’s a case of efficiency internally,” Neil says.
Commenting on why it’s more efficient to use one system, Neil said: “Everybody’s doing the same thing. It means we can get it done quicker, which from a practice point of view means cheaper. It means our clients can get a better service, because they’ve got more of our time adding value and giving them advice, rather than just preparing the numbers. Or it means that we can reduce our fees and give our clients a bit of a discount because it’s easier for us to work with.”
Get more time to expand your service offering
As with Bromhead, many cloud practices find with the growth they experience, they’re less dependent on legacy clients. They can offer deals – reducing prices or creating other incentives for clients who’d otherwise not make the switch. That growth offers a measure of flexibility to accountants over what clients they’d like to have. Pick and choose the best clients for your practice. Or focus on a business vertical and the clients who won’t switch matter less.
Simplify your offering to tackle Making Tax Digital head-on
The British accounting industry is grappling with digital disruption in the form of Making Tax Digital (MTD). This is HMRC’s initiative to make the UK tax system more effective, efficient and easier for taxpayers.
From April 2019, VAT-registered businesses earning above £85k must keep digital records and submit VAT returns online. Xero is listed on HMRC’s list of suppliers supporting Making Tax Digital for VAT. We’ve already completed five successful VAT returns using the beta version of Xero’s MTD VAT functionality. And it’ll be free to use once live.
During this critical time, more and more practices are moving away from offering multiple accounting software packages to ensure they’re as streamlined as possible.
Move your books with Movemybooks
With Movemybooks, it’s simple to convert your accounting data. With a few simple steps, you can convert up to two years’ of financial data in minutes. We want to help accountants make the best use of their time. Rather than spending time moving data, focus on what counts – running your business and providing clients with smarter services.
Firms and businesses can convert data to Xero from Sage and Quickbooks desktop, Quickbooks Online and now Sage Business Cloud.