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The idea of setting up a new business is a job that takes a lot of effort. While working on setting up a new business, there is a lot of things that the users would have to give their attention t, and this is in no way an easy task. A major part of starting a new business is the accounting perspective. Xero can efficiently aid a user who is willing to start a new business, as this software provides the users with all the necessary features needed by the users. The users can get a clear understanding of this by doing a complete run through this blog. The users would also have an alternate option of connecting with Xero tech support phone number ,where the users would get all the assistance that is required.

Understanding the use of Xero in a new business

If the user is buying or selling good and service, then it is necessary that the business is registered for the Goods and Services Tax (GST).

GST is mandatory for the following reasons:

·        If your business has a GST turnover of $75,000 or more.

·        If your non-profile organization has a turnover of $150,000 per year or more.

·        If you are an overseas business importing services, digital products, or goods worth less than $1000 and make over $75,000.

With the help of Xero, you would simply require to set up the software accurately, and you would need to know whether you are on a cash basis or accruals basis.

The process of computing GST on ‘Cash Basis’ using Xero

Xero’s cash basis GST return is when the user pays money for something in return for a product. The transactions that you would have to provide in your Xero data file are as given below:

·        Invoice payments received

·        Bills Paid

·        Expense claims paid

·        Manual journals on the journal date where the checkbox shows journal on cash basis reports are selected.

·        Spend money transactions.

·        Receive money transactions

The process of computing GST on ‘Accrual Basis’ using Xero

Xero’s accruals basis GST return is when you receive any payment for a sale, or when you receive the invoice from your supplier or if you make a payment for something that you have purchased. The transactions that you would have to provide in your Xero data file are as given below:

·        Invoices on the invoice date

·        Bills on the bill date

·        Expense claims on the reporting date

·        Manual journals on the journal date

·        Spend money transactions

·        Receive money transaction

These are basics that you would need to understand while using the Xero software for a newly started business. If you fail to understand any given information, you can easily connect with Xero customer service phone number, where the professionals would give you detailed information about the features and functions.

Source URL: Xero-Starting Your New Business and GST

Xero is an advanced company that is based in New Zealand and offers complete support for accounting and bookkeeping needs and provides quality assurance of business services to the small and mid-sized businesses. Now it is offering Xero online accounting software that can help you immensely to process your accounting needs from anywhere. Now if you need to know the process of downloading and installation, you should call at  Xero support number and get the most prominent support related to issues with Xero. This product is subscription based and can be accessed after you buy a subscription package. It has a lot of advanced features to offer that make it easy for you to process your complex accounting software from anywhere in the world.

The problems solved by Xero Online Accounting Software:

These are some benefits that can be accessed by the latest Xero online accounting software.

1.     You can access your business from anywhere

The most important benefit that you can get is accessing your business from any corner of the world and form any of the devices such as a tablet, PC or mobile.

2.     It helps you to get your real-time position

You can get the instant daily report for your financial transactions, and credit card reports on your Xero dashboard that helps you to get the accurate position of your business.

3.     It can easily collaborate with your team

You can share the access of Xero software with your employees and team to the areas they need to do their job and easily can help you with your Xero account.

4.     You can make an easy invoice and better cash flow

You can easily create an invoice and send them to the marketers or customer to get the online payment easily fast.

5.     It protects your data with a secured protection

While using the Xero online accounting software, your data will be protected and safe to help you get relaxed and easily access your business information.

Top features of Xero online accounting software

·        It offers you recurring professional invoices that can easily be updated

·        You can use Xero mobile app on iPhone and iPad and all other Android devices

·        It provides you easy tracking process for sales and purchases to speed up inventory items

·        It can be used in multi-currency to help you attain the global approach

·        It allows more than 700 third-party apps that make access easy

·        It allows you to attach files related to invoice and bills easily to your Xero online account

Get the expert support for further assistance

Now you are fully aware of the Xero online accounting software, and you can easily avail the service by buying the subscriptions. In case you face any problem regarding the software you should call at Xero contact number and get the proficient support.

Source URL: Xero Online Accounting Software

Xero is outstanding software for accounting and helps companies and individuals to fulfill their requirements in accounting and bookkeeping. To avail the services of Xero software you need to buy a subscription for that. Now there may be some issues while working with the subscription. However, Xero offers complete support to its users but issues with Xero subscription may lead you into the puzzling situation. To fix these issue you can contact at Xero customer support numberwhere you will be getting easy solutions. Now in this blog, you will get to know about some issues with Xero subscription.

1.    Subscription payment issues:

Once you get the subscription for Xero software you should get the full access of accounting software but that doesn’t happen all the time. There could be reasons given below that prevent you from proceeding even after subscribing. Check out these problems

When your payment details are changed you need to process a payment for any overdue charges other it won’t allow working further

When you attempt to make a payment but it got failed due to some reason then you can’t process with Xero subscription. You have to make payments again to confirm the Xero subscription.

If your payment is overdue, you also won’t be able to access Xero software. Then you need to make an immediate to continue the Xero services.  

2.    The issue with the credit or debit card details updates:

Sometimes you may get an error message while trying to update your credit or debit card details. There may be some specific reason for that such as credit card or debit card has already expired or auto-fill programs like LastPass or KeePass is creating issues. You should also try to delete caches or cookies in your browser or you can use Xero checkup tool to process a system checkup and get rid of the issue.

3.    Issues related to organization’s subscriber:

Now in some cases, you get a subscription issue due to the organization’s subscriber when the subscriber leaves the company without transferring the subscription.  To remove the issue you need to log into subscriber’s Xero account and easily can transfer the subscription.

In case you don’t have the access of subscriber’s account then you should contact Xero technical support numberand get the prominent support regarding your subscription issues that bothers you. Complete professional support will be provided to you that you can easily fix the issue.  Now you have all the issue cleared with the solutions as well.

Source URL: Issues with your Xero subscription