August 2022

How Xero could save you money and help grow your business

If you want a more efficient business with lower overheads and clearer management information, the answer is Xero
BookCheck helps customers grow through clever bookkeeping and management reporting – and its expertise at moving customers to the next generation of accounting software is proving to be transformational for the businesses it works with.

A whole new sister company, BookCheck X Ltd, is being launched to deliver the specialist service of migrating businesses accounts to the industry-leading cloud-based Xero platform, which will save businesses money, remove IT issues and deliver better management information, too.

Why is Xero BookCheck’s preferred accounting software for clients?

We grew up with Sage software from 27 years ago, but it’s had its day. In our opinion Xero is quite simply the best accounting software for our clients – and for BookCheck. That’s why we decided some years ago to be exclusively Xero, apart from a few clients left on Sage that we would expect to migrate.

As well as being easy for clients to understand and use, it’s naturally very efficient and time saving for them – having things such as automatic feeds of information from banks. There is a great list of useful features inbuilt.

In addition, Xero add-ons (apps) provide a massive range of complementary help, such as order processing; stock control; linking to web sales; payment systems; credit control and debt chasing; expenses; forecasting and more. In fact, there are 1,000 add-ons to choose from.

Being exclusive to Xero enables our whole team to be totally focused and fully trained, rather than being spread thinly across multiple platforms – so we’re significantly more efficient and cost less.

What are the key advantages of moving a business to Xero?

In short, significantly lower staff costs and it’s much easier to use. Xero costs only about £30 per month, which is really nothing. The staff cost savings can be substantial as it automates many processes, such as a manual bank reconciliation. It would not be unusual to save say £10,000 to £15,000 per annum, plus benefiting from much quicker and easier to obtain information.

A key benefit is that Xero is cloud-based and it works really easily. There are no IT issues affecting its use, compared with likely problems with other accounting software, including Sage cloud.

Access to Xero add-ons can literally transform a business, at the very least significant efficiencies will be achieved. We have one client whose turnover has quadrupled in the last two years. It simply would not have been possible to cope on the old Sage system, at least not without a huge increase in staff costs.

Now the critical Xero add-ons for complex stock control, production and order processing are at the hub of the company’s systems, with a whole range of staff interfacing. This massive improvement will be worth some tens of thousands per annum in cost savings.

A not-so-obvious benefit is that, quite simply, the whole business just feels an awful lot better using good systems and software. It reduces stress and simply makes everyone feel in control – that’s worth a lot.

How long and involved is the process of migrating a company’s accounts and can businesses expect a smooth transition?

The migration moves all the accounting data such as full details of the sales ledger and all the transactions for years past. The task varies from fairly straightforward to complex and demanding.

If it’s not handled properly then problems and errors will be caused. It’s false economy not to handle this one-off task professionally. The actual migration will take a very short period, like a few days. BookCheck will handle the whole process to a clear timetable and that will definitely be smooth, as it always is in our experience.

Will a company’s staff need lots of training to cope with the new system going forward?

No. Xero is very intuitive and easy for clients to learn and use. It’s lovely software, designed for non-accounting trained users. Surprisingly it’s fun to use, too. We will naturally support and train clients on their Xero work, it’s very straightforward.

BookCheck appoints new managing director

BookCheck appoints new Managing Director

BookCheck the Stroud based outsourced Bookkeeping with Management Information and Payroll specialist has announced the appointment of James Wetherall ACA, as their new Managing Director. James will work alongside the founding Managing Director, Anthony Pilkington who will become Executive Chairman of the fast-growing business.

James has been a very successful New Client Manager for BookCheck since December 2021 and is a Chartered Accountant. James will retain his New Client responsibilities as well as taking on those of the Managing Director role.

Anthony Pilkington commented on the new appointment:

“I am absolutely delighted that James has accepted our offer to become our new Managing Director and that we have been able to secure somebody of his calibre to drive the business forward. His appointment will strengthen the management of the Company and allow us to develop strongly”.

Anthony Pilkington as Executive Chairman, will support James in his new role as well as working on strategic development, liaising closely with existing clients and winning new ones. He will also lead on the work the firm is developing with Xero and add-ons, with their recently established sister company BookCheck X Ltd.



James Wetherall commented on his new appointment:

“I am really pleased to be taking on this new role of Managing Director with BookCheck. Right from day one I was impressed by the quality of the BookCheck service and it’s team. COVID has prompted many firms to review how some of their core functions are delivered and our service offers them greater flexibility, often a higher level of expertise than they had before and all in all a most cost-effective option. I am excited to be working with Anthony and seeing BookCheck go from strength to strength”.
                                                                                                                           

Anthony concluded by saying:

“Our unique products and services have seen us come out of the pandemic stronger than ever and we are seeing substantial growth. I am really confident and excited about working with James to enhance develop further our service provision and grow the business”.