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Modernise your accounting from Excel

Find out why it’s time to switch to accounting software from Excel

If you’re using Excel for accounting, I’d like to share how accounting software makes things much easier.

Excel is great for some tasks, but as you start to grow, it’s unlikely your spreadsheets will grow with you. And research by the University of Hawaii has found that 88 percent of spreadsheets contain errors – so there’s good reason to look at finding a better way.

Here are just a few reasons why I recommend accounting software:

  1. Your company’s data is kept in one central place that you can access anywhere. Bank statement lines are fed into your software automatically, reducing data entry time and potential mistakes.
  2. An easy-to-use dashboard gives you a clear view of your financials from the start so you can be confident in your decisions from the get-go
  3. You’ll save time and effort. Run reports when you want. Complete GST returns in minutes instead of hours. Share access with me so I see what you see and can handle the tasks that you don’t like.

For a more in-depth comparison of Excel versus accounting software, have a look at this guide from Xero

At My Two Cents, we are Xero-certified partners, and do recommend modernising your business record keeping to cloud-based accounting software like Xero.

To find out more, please get in touch - I’ll be happy to show you how Xero works.