Should you consider a Xero business health check?

Is it time for a Switchfoot Xero business health check?

Making sure your books and records are in the best of health is vitally important to the success of your business. Bad data is likely to lead to bad business decisions. It’s easy to forget that business owners are rarely trained accountants and they need support understanding the bookkeeping and the bizarre accounting language.

For these reasons, I have developed a Xero health check service for business owners to provide them with the comfort they are using Xero well and provide targeted support where it is required.

Reasons you might consider a Xero health check:

•       Unsure whether you are using Xero efficiently;
•       Worried your Xero isn’t set up correctly;
•       Concerned you aren’t using all the time-saving features in Xero;
•       Interested in what additional apps you could use to make your business admin easier;
•       It’s coming up to year-end/quarter-end and you would like to hand your accountant a clean Xero file;

My Xero checkup includes reviewing:

•       The Xero Settings;
•       Your conversion balances (if relevant);
•       Bank feeds and reconciliations;
•       Chart of accounts;
•       Fixed asset registers set up;
•       A sense check of your financials for errors or inconsistencies;
•       Review app integrations.

The result of the Xero health check would be a report detailing the findings and a list of recommendations. The information would be delivered via a 60-minute Zoom meeting where we would agree on an action plan. You will then need to decide who clears the action point either by yourself or if you need additional support from me.

Benefits of a Xero health check:

•       Piece of mind;
•       Save you time on your bookkeeping;
•       An action plan to address any weaknesses;
•       Reduce the work required for your year-end accounts;
•       A 60-minute meeting with a qualified chartered accountant;

A Switchfoot health check costs £375 plus VAT per entity.

If you need a more regular Xero review, then you should consider building it into a quarterly review package with Switchfoot which could include VAT return reviews, Xero-style management accounts and a Zoom meeting with us to discuss the results.

Time to book a Xero Health Check?

Please get in touch if you would like to talk about arranging a Xero health check.

Please note: This is not meant to constitute professional advice. It is generic guidance only –please seek specific advice for your circumstances.