Cloud accounting software is similar to traditional, on-premises, or self-install accounting software, only the accounting software is hosted on remote servers. Data is sent into “the cloud,” where it is processed and returned to the user.

Brighten Accountants is a Xero accredited practice but can also assist with other similar packages (For eg. MYOB, Quickbooks etc.)

Features of Xero

Xero accoutning is ideal for small or medium-sized business owners. It’s currently the best cloud-based accounting software. The software features services normally only associated with accounting systems of large organisations. It is an online system that allows simultaneous access to multiple users on the same set of accounts. Xero is currently operating in more than 180 countries.

Bank feeds automatically updates to your accounting system on a daily basis – no more capturing of bank statements!

Accountants, business advisors and staff can be granted access to your accounting records at no extra cost.

Timely access to key financial information is what either makes or breaks a business. Cloud-based softwareprovide businesses with auto-updated and real-time information about the financial health of their company.

Cloud accounting lets business owners and their clients access every minute piece of information anytime and from anywhere. Be it while on the go, at home, or in the office. Moreover, all documents stay secure in the cloud and are accessible from anywhere. Hence, cloud-based accounting software like Xero improves business-client collaboration.

Backups – A neccessity that is a pain, this is no longer required as your accounting records are stored in the cloud and updated as you process transactions.

ATO requirements – Xero can produce reports required for GST, PAYG at the touch of a button