At 5th Green we’re big fans of Xero. We use it in our business and we’re passionate about sharing our knowledge and understanding of Xero with our clients. Over 1m users in New Zealand and Australia alone can’t be wrong!
5th Green is a Xero Partner and our team has a Xero Certified Advisor and Xero Certified Payroll Advisor. Xero can make accounting for your business simpler, however using it correctly and getting the most out of it can get tricky. We have the expertise to help you use Xero in a way that best aligns to your business goals.
XERO SET UP
If you’re just starting out, you’ll know that you need a system to manage your business. It’ll need to do your invoicing, capture all your bills, show you how much money you have in the bank, calculate your profit and show you all your incomings and outgoings.
5th Green can advise you on the best Xero set up for you and then go ahead and build out your Xero for you in a way that will ensure you’ll get the most out of the product from Day 1. We don’t believe in “one size fits all” which means we’ll sit with you first to understand you and your business. We’ll take your passion and excitement and build your Xero in a way that will maximise what you can and will get out of the product. Bolt on some of our Xero Training to the offer if you want to run it yourself going forward. Alternatively, talk to us about some of our other services such as Bookkeeping or Virtual CFO.
XERO FIXED ASSET MAINTENANCE
Knowing what assets your business owns, what their book value is and keeping track of them is key when you have multiple assets. Many businesses aren’t aware that Xero maintains their assets for them and calculates what they are depreciating by every month. Often your accounting firm doesn’t understand your business well enough to create a meaningful asset register that is of real value to you and your business. At 5th Green we take a different approach because we love data and the insights it gives you.
We’ll rebuild your fixed asset register for you to allow you to gain better information from it for use as a management tool. You’ll get better granularity of all asset information. 5th Green will also provide you with tools to maintain your Fixed Asset Register correctly going forward.
XERO HEALTHCHECK
A review of your Xero set up and the transactions that have gone through your business for accuracy and completeness.
We’ll provide you with recommendations that will:
Highlight areas for improvement
Show you efficient ways to manage your business accounting
Assist in lowering your annual account fees with your accountant
Give you confidence in your records
XERO CLEAN UP
If you’ve been doing your bookkeeping yourself, things can easily get out of control. We can help take the stress out of your bookkeeping.
5th Green’s Xero Clean up includes:
Bank reconciliation
Ensure accuracy with your assets and liabilities figures
Register all your draft fixed assets and ensure accuracy
Update depreciation of your Fixed Assets
Review your current GST return
Automate regular transactions where possible
Assist in adding any bank accounts not listed on Xero
XERO MANAGEMENT ACCOUNTS PREPARATION
At times throughout the life of your business, other parties will likely request to see your financial information. A well-presented set of financial records where everything is accurate and up to date can be the difference between success and failure.
5th Green will also review your accounts and provide recommendations to show the business in the best light possible based on the current set of circumstances, and in line with what the business is currently trying to achieve.
WHAT OUR CLIENTS SAY
XERO TRAINING
Our Xero experts can train you and your team to get the most out of Xero. Don’t struggle through it yourself! Packages can be tailored to your business no matter how small or large.
1. CUSTOMISED 1:1 XERO TRAINING
You’ll learn why key functions within Xero are important and how to manage them efficiently. We’ll cover all areas of Xero that are important to you and your business including: