I’m often asked to recommend an accounting system for newsagents to use. Today, my recommendation is Xero. It’s easier to use and offers easier connectivity to your newsagency software – saving time, cutting mistakes and providing a more easily attainable whole of business view.
I have experience with MYOB, Quick Books and Xero and it’s the Xero experience I like the most.
In two of my stores we are fully integrated with Xero from the sales counter. Xero receives sales data, cost of sales and other information – eliminating bookkeeping time and enabling us to produce an accurate P&L a day or two after the end of the month. This helps is with business planning and in-store business decisions.
Connecting Xero directly from the newsagency software without the need for middleware is useful and cost saving. This is an area where MYOB has proved to be frustrating over the years.
If you use neither and rely on your accountant to produce a P&L six monthly or annual your business decisions will suffer from lack of information. A monthly P&L is vital in today’s competitive situation.
Click here to read advice from an Accountancy practice comparing MYOB and Xero. Click here for a comparison published at DigitalFirst. As with any business decision don’t rely on my advice – do your own homework. Google searches can produce a range of comparisons.
how do you have your software down loading to xero
Robert in my case I use Tower Systems in my newsagency. In case you don’t know, I am also the owner of Tower. In Tower there is a direct link to Xero – no middleman connection. Tower is a fully tested and official partner of Xero having passed all the required compliance tests.