Xero set up and conversion.

To convert your business over to Xero, LINK Advisors does the following:

• Review your existing accounting file
• Collate your business information
• Crosscheck it againts the ABR & ATO
• Set up Xero
• Bring in conversion balances
• Bring in any invoices or expenses
• Set up your bank accounts
• Customise your invoice
• Activate your bank feeds and import missing transactions
• Provide you with training on Xero
• Advice on best practice and improvements
• Work with your accountant
• Set up your employees
• Register you for Xero Auto Super
• Set you up for Single Touch Payroll

In order to complete the XERO conversion the team will require information from you. To ensure the set up goes as smoothly as possible please provide the following:

• Give us access to your existing accounting file
• Provide bank statements for your bank accounts
• Answer any questions we have as they come up
• Provide your logo file
• Provide information on your employees

Xero is the industry leader in cloud-based accounting software. It provides many features that will save your business time and money. It also integrates seamlessly with many different business process applications, expanding its capabilities further. Here are some more reasons why you should choose Xero:

Smart reports

Xero offers flexible, customisable and smart reporting. Reports can be generated whenever and however you want it. This feature allows business owners and managers to view and access their business standing anywhere and anytime.

Bank feeds

You can link Xero with your business bank accounts. This will generate automatic bank reconciliation, payroll, and facilitate other business transactions. Bank feeds are automatically imported and recorded to your Xero account.

Real time collaboration

You can access your account while your Accountant or bookkeeper is working on it. Multiple users can simultaneously access and view the same file. This feature allows offsite work and collaboration, where you can conduct multi-site conferences and still be on the same page.

Inventory control

The inventory tool of Xero allows easy tracking and monitoring of inventory. Sales and purchases are automatically recorded. Significant inventory details like purchase and sale prices, transactions, purchase invoice and order quantities are also included.

Business files and document organisation

File organisation has never been more easy and structured. Xero lets bookkeeper attach files or documents to relevant records. This allows easy referencing allowing different users to easily check on receipts, quotes, or invoices. It also serves as a filing system without the need to setup a separate storage account.

Invoicing

Achieve seamless invoicing with Xero. Create invoices with the professionally formatted invoice templates available. Once it is sent and opened, a confirmation is sent back to you. The system automatically sends reminders to unpaid invoices. You can also create invoices from customer approved quotes.

Payroll

Payroll is a repetitive and laborious business process you can delegate to Xero. The Xero payroll tool simplifies the system. It tracks employee hours, calculate salary and taxes, and automatically records the expense to journals and ledger.

Security and data protection

Xero keeps your data and sensitive business information with multi-layered security protocols. Servers are secured with 24/7 physical security – restricted access and round-the-clock security personnel. Regular security audits are conducted by third-party inspectors. Xero also adopted the two-step authentication process for all accounts. The added measure will secure your accounts and all your data in case of password theft, phishing or malware.

Xero Me app

Xero Me also allows for mobile interactions with your payroll and accounting on the go, whether you be a manager or employee. Managers can action employee leave requests all on the go.

The XERO Me App streamlines employee interactions with your payroll software. It allows employees to send leave requests, view their pay details and payslips right from their phone.