If I move from my current accounting system to Xero will I lose all my historic data?
No – We can bring across the data from your previous accounting system. This can be great when you are running reports to compare your business’s performance against previous years.
Do I have to wait until the year end to move to Xero or can I move mid-year?
You can transfer accounting system at any point and you do not have to wait until the end of the financial year. However, I would recommend that the date of any transfer is carefully considered to avoid duplicating work. For example, transferring at the end of a VAT quarter makes sense, to save duplicating the work you have already done on your old system.
I am not confident to migrate onto Xero myself, can you do it for me?
Yes, of course we can and if would like us to be your accountants on an ongoing basis there will not be a charge for the service – providing your present system is up to date and is in a good state.
What version of Xero is suitable for me?
There are three standard versions of Xero: Starter, Standard and Premium. Starter limits the number of transactions you can process per month and is only suitable for businesses with a very small number of transactions. Standard has everything the majority of businesses will need. Premium, is for businesses that operate in multiple currencies. There is also a cashbook and VAT cashbook version of Xero that can be accessed through a Xero partner, such as Harold Duckworth. These can be cost effective options for your business. Speak to us to find out more