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Xero Cloud Accounting

  • Xero Platinum Partner & Hong Kong Accounting Partner of the Year
  • Over 7 years of experience using Xero 
  • Licensed CPA firm providing end to end solutions from Xero
    implementation to bookkeeping and audit  

2,000,000 businesses worldwide are using Xero to handling their accounting.

 

Xero is a cloud-based accounting solution designed for SMEs that lets users manage their company’s finances anytime, anywhere and on any device. Whether you want to get a real-time view of your cash flow, reconcile your bank transactions, send invoices or even create expense claims, Xero aims to make managing your finances as simple and as easy as possible.

 


How Can FastLane Help?

As a Xero Certified Advisor and Platinum Partner, FastLane can offer a range of services that will let you get the most out of Xero.

Xero platinum partner

FastLane Clients See Result Like These…

With the analysis that comes with Xero, we’ve realized that we were spending so little and were actually making quite a lot. We did not picture that we could hire this fast, but now that we have access to more up-to-date information, we can now move forward with plans that were initially not possible!

Daniel Lau & Kobi Tollitt, Eleven Digital

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“Having never received accounting training, I found Xero to be the perfect tool because of its user friendliness and accessibility. Xero also makes collaboration easier with our accounting firm, FastLane. Since both parties have access to our Xero account, FastLane can easily advise Dedicare on their accounting, audit and taxation matters”

Dr. Brian Chung, Dedicare

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“We rely heavily on Xero’s automated bank feeds for our data-entry tasks. The platform is even able to auto-generate whatever financial reports we need, as we need them! I think from an efficiency perspective, Xero is really helpful. Time saved is money saved.”

Calista Hung, VOTEE

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We offer a unique delivery model with technology that enables us to provide an unrivalled service which has successfully supported more than five hundred companies.

Discover the Features You Need to Run Your Business

With Xero, businesses can create template agreements, invoice clients right away while making it easy for them to settle their payments and even provide business owners with features that will allow them to follow-up on any outstanding invoice! By automating many business processes, business owners will have the freedom to refocus their energy on the key revenue-driving activities that will help grow their business!

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Direct Bank Feeds

Xero connects to your bank and automatically reconciles the information so you can keep track of how your money flows 

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Easy Invoicing

Keep your cash flow healthy by sending online invoices with multiple payment options

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Multi-currency Support

Automatically track your gains and losses across multiple currency

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Extensive Integration
Xero’s ecosystem provides access 800+ third party business applications, like inventory and time tracking tools, letting you build a platform perfectly suited to your business needs

 

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Pay Your Employees

With payroll and accounting as one, it’s easy to process your payroll and pay superannuation. Your payroll information is automatically updated into the general ledger

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Invite Others

Invite your team members and accountants to work with you – by sharing a single data set on Xero makes collaboration easier

Power-up with Xero Connected Apps for Your Business

 

With 800+ third-party apps that can be integrated with Xero, you can tailor-make your Xero experience as you see fit! As a Xero Platinum Partner, we can help you integrate your Xero account with the following apps:

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Is Xero the Right Choice for Your Business?

 

There are many factors that influence a business’ decision to adopt a cloud-based accounting platform. As a business owner, if you ever find yourself and your business experiencing these signs, it may be a good indication that it’s time to embrace digital transformation and give cloud-based accounting systems a try!

 

  • You have to enter accounting transactions manually
  • All your financial information is spread across different platforms
  • Your business does not have a system in place to ensure that your financial information is backed up on a routine basis
  • Security and privacy are one of your top priorities
  • Your business has multiple individuals who needs access to confidential financial information

Flexible Pricing

 

Xero offers various monthly pricing plans. By only paying for what’s needed, Xero users can utilize a platform that grows alongside their business.

Starter

Standard

Premium

US$10 US$30 US$40
  • Send 20 invoices and quotes
  • Enter 5 bills
  • Reconcile bank transactions
  • Capture bills and receipts
    with Hubdoc
  • Unlimited users
  • Send unlimited invoices and quotes
  • Enter unlimited bills
  • Reconcile bank transactions
  • Capture bills and receipts
    with Hubdoc
  • Unlimited users
  • Send unlimited invoices and quotes
  • Enter unlimited bills
  • Reconcile bank transactions
  • Capture bills and receipts
    with Hubdoc
  • Unlimited users
  • Use of multiple currencies

Ready to Start?

Contact the FastLane Group to learn more about what plan is most appropriate for you!

 

Frequently Asked Questions

 

What are some business processes that Xero can improve on?

 

Business owners who adopt Xero primarily do so because they want to make use of a business tool that will make running their business easier. Xero offers a simpler and more efficient way of managing some of the most tedious business processes out there, such as managing the invoicing of clients.

 

With Xero, businesses can create template agreements, invoice clients right away while making it easy for them to settle their payments and even provide business owners with features that will allow them to follow-up on any outstanding invoice! By automating many business processes, business owners will have the freedom to refocus their energy on the key revenue-driving activities that will help grow their business!

 


What factors should I consider when transitioning to Xero?

 

Once you have made the decision to move your business to a cloud-accounting system like Xero, you have to take into consideration what this transition would look like. The following are factors to consider that can help smoothen the adoption of Xero:

 

  • Is it necessary to migrate all the financial information of my business?

    Many businesses often want to migrate all of their historical data from their old accounting platform onto Xero. However, to the extent that all the financial data of a business is already backed up and accessible, a large data migration may not be necessary. Because this is a task that needs to be balanced with time and cost, sometimes it will be best to limit the migration of information to just what a business needs to meet their statutory record keeping obligations. In these circumstances, it would be best to discuss these issues with your accountant!

 

  • Should you work with a professional accounting firm to smoothen the process of adopting a cloud-accounting system?
    A common issue that a business experiences when moving to a cloud-accounting system is that their financial information may require formatting in order to be successfully imported into
    Xero. Not only can this task be time-consuming, but it can also be complex.
    If a business decides to simply migrate their closing balances, a professional accounting firm may not be necessary for the purpose of getting started on Xero. However, if a business decides they want to migrate all their information, then working with a professional accounting firm can guarantee that no complications will arise during this exercise.

 

  • When do you want to complete this transition by
    Choosing when to start your business on a new online accounting platform is much easier than you think – depending on your requirements, you can start either on a new month, or a new fiscal year. If you don’t need to port all your data over from your old accounting platform, simply bring across your closing balances: it’s a clean break. 

 

  • How will my team adjust to this change?
    The physical change from using one accounting system to
    Xero is also accompanied with a mindset change for those who will have to use this new system. Business owners need to give their staff enough time to familiarize themselves with Xero by establishing a timeline and providing clear instructions on how to use the platform. Doing so can minimize the occurrence of any accounting issues going forward that arise from a lack of familiarity.

    For those who are engaging a professional accounting firm to help facilitate this transition, ask them if they can host any training sessions!

 

  • What other integrations will your business need?Businesses all have different needs and will use different business tools to address their everyday challenges. Ensuring that all these different tools can work together can often enhance the core capabilities of a business whilst increasing the accuracy of the information utilized. If there is a specific business tool that your business needs, check first to see if it integrates with Xero here. If your desired tool doesn’t integrate, then you can also consider the variety of options all found on Xero’s App Marketplace to see if there is a suitable alternative!

 



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