Navigating bookkeeping on Xero poses a crucial decision: one can either embark on a self-guided journey with the help of some online tutorials or opt for structured, professional training. In this article, we dissect the disparities between these approaches, to help individuals make informed decisions. Whether you’re a business owner seeking to streamline operations or an aspiring bookkeeper aiming for expertise, understanding these differences is essential before tackling Xero.
If you’re new to using Xero for your bookkeeping, what would give you confidence that you’re handling everything optimally?
Do you lean towards figuring it out independently using online Xero tutorials, or do you prefer structured, professional training?
We frequently encounter business owners who’ve undertaken their Xero bookkeeping without training, often in an effort to save money. However, improper handling can lead to issues down the line, resulting in higher costs to rectify.
Here are some following ways in which you can benefit from seeking professional training on Xero.
Avoidance of Costly Errors
By having professional Xero training, it mitigates the risk of errors which can be made when completing your bookkeeping by yourself, safeguarding against misleading financial insights and potential tax liabilities.
If your business decisions are data-driven, it’s crucial to ensure the accuracy of that data; otherwise, you risk significant harm to your business. With having correct financial data, it leads to saving time and resources on post-year end corrections needed to be made by your accountant which can end up being costly.
Time Efficiency
Every task in your business has a time cost. If you’re using Xero in a way that works but isn’t the most efficient, it’s costing you time and money every day. Investing in Xero training optimises operational efficiency and streamlined processes. Therefore, freeing up valuable time for core business activities.
Build Confidence in Bookkeeping
Many of the people we’ve trained and supported with Xero simply want the assurance that they’re doing things correctly. When they try to figure it out on their own or rely on online tutorials, they often remain uncertain, unsure if they’ve missed something, and unable to ask follow-up questions to verify their understanding.
Gain assurance in your financial management skills through comprehensive Xero training, avoiding uncertainties and missed opportunities.
Software Optimisation
When investing in new systems for your business, it’s essential to maximise their potential. Unlock the full potential of Xero beyond basic bookkeeping, leveraging features for credit control, payroll, and seamless integration with other software systems.
Without training, you’ll likely concentrate on the most urgent bookkeeping tasks and then shift your focus to other pressing business matters. However, excellent Xero training from the outset will make you aware of all the capabilities Xero offers, even if you’re not ready to implement and use everything immediately.
Practical Learning for Lasting Results
Xero offers a wide range of excellent tutorials and training resources. However, some people learn better in a live setting with a trainer who provides specific instructions tailored to their business. This hands-on approach allows for practical exercises and the opportunity to ask questions.
Hands-on training facilitates deeper comprehension and retention compared to online tutorials, ensuring sustainable knowledge application.
Next Steps to Training
At NRB, our dedicated digital team is committed to empowering businesses through personalised 1-on-1 Xero training. We understand the unique needs of each business and tailor our training to ensure you get the most out of Xero’s features. Our expert trainers provide hands-on guidance, helping you master bookkeeping, streamline processes, and avoid costly errors.
With NRB’s personalised approach, you gain confidence in your financial management and maximise the efficiency of your operations. Let us support your business growth with our in-depth knowledge and practical insights, ensuring your bookkeeping is both accurate and efficient.
If you are not currently using Xero as your accounting software to manage your business finance but would like to find out more, click here.
Further Information
If you would like more information on the training we provide here at NRB, please contact your usual NRB advisor or accounts@nrb.co.uk.
