Showing posts with label Bank Reconciliation. Show all posts
Showing posts with label Bank Reconciliation. Show all posts

Friday, August 19, 2016

The best cloud accounting solution for small businesses!

Nowadays, having a reliable IT system in place is imperative for an efficient business workflow. As cloud experts, we've found early on that cloud computing is an integral part of having your IT system work for you, and not the other way around. Cloud email, cloud collaboration, cloud storage, and even cloud accounting are what make up a powerful, productive, and efficient IT system.

Although our founder has a deep passion for wielding cloud technology, by trade he is a Chartered Professional Accountant and a Certified Management Accountant. Both technology and accounting overlap in our world and we're often asked this question; what is the best cloud accounting solution for small and medium sized businesses?

The quickest answer; Xero.

As cloud strategists, we find accessibility is key when it comes to data and management. Xero, along with other cloud solutions, is built around the idea of accessibility. Cloud technologies enable everything to work faster and more efficiently. Even large banks and financial institutions are starting to use cloud storage for their data storage needs over their traditional data centers. With cloud accounting software like Xero, small businesses can do everything, including easy invoicing, inventory, multi-currency reconciling, source document attachment, purchase orders, cash-flow management, and much more. The ability to have these features fully accessible, from virtually anywhere, is a huge plus for small and medium sized businesses. Learn more about Xero features here: https://www.xero.com/ca/accounting-software/

Xero has been at the forefront of cloud accounting for a very long time. It's one of the easiest online accounting systems and offers great convenience for its users without compromising on key features that are normally found in legacy accounting software. It has become one of the fastest growing cloud accounting companies in the world, with a subscriber base of over 700,000, contributing a total life-time value of $1.5 billion. Their success is due to their loyal small business customers across 180 countries. Xero intelligently takes advantage of cloud technology which allows them to innovate faster than ever before and pushes them into new geographies.

There's no doubt that Xero is well on it's way to hitting the billion dollar annual revenue mark with it's rapid growth, making it a top choice for those looking for the perfect cloud accounting solution. Interlock IT is a Certified Xero Partner and a Certified Xero Development Partner. We'll make your transition to Xero painless and can even assist you with custom Xero reports and integrations. Give us a call and let us know what you're looking to do with Xero. We're more than happy to assist! We'll even provide a free Xero trial account; just fill out our contact us form and mention this post in the comments.

If you've adopted Google Apps for Work, we've created Blink Reports for Xero. Blink Reports is the only Google Sheets add-on that allows Xero customers to build financial reports, charts, and virtual dashboards connected to your live Xero data. Contact us today to discuss with us your cloud accounting needs!

Thursday, June 16, 2016

Cliniko to Xero Integration

The Cloud! It's the much needed, efficient, and cost-effective upgrade to your obsolete IT infrastructure. If you're a business that understands the importance of having a solid IT system, you'll definitely appreciate the wonders and advantages of cloud-computing. At Interlock IT we pride ourselves in promoting cloud solutions and even cater to our customers need's for custom integrated solutions. You can think of us as a marriage counselor for your cloud products that need more out of their relationship.

Having a professional accountant (CPA, CMA) as our founder, it's only natural for our team to delve into cloud-based accounting software. Xero, for example, is an accounting software that helps you see your cash flow in real-time, has online accounting, banking, and payroll features.

We think Xero is a superior solution to Quickbooks and Quickbooks Online. Xero's massive growth, adding over 242,000 subscribers over the last year, speaks for itself. As of March 2016 Xero has 717,000 subscribers worldwide. You can learn more about Xero on their website.

Cliniko is another web-based product used by thousands of healthcare practitioners in more than 55 countries worldwide. Cliniko helps manage your schedule, treatment notes, invoices, payments, and much more. It works great for solo practitioners, large teams, and anything in between. You can learn more about Cliniko on their website.
Cliniko and Xero; it's a good combination and Cliniko even offers it's own step-by-step integration guide to Xero. However, the integration falls short in a number of areas. We (Interlock IT) can make up for that! For example, the Cliniko provided integration to Xero Accounting can only map one Cliniko instance to one Xero Accounting organization. It also does not support Xero Tracking Categories for splitting revenue and costs by Cliniko location or business within a Xero organization. We support both situations. We’re flexible and happy to discuss sharing the software development costs of meeting other unique needs such as batching payments by day.

Be sure to contact us! Our team of experts is here to make sure you get the most out of your solutions because we understand it's so much easier when everything is connected!