Accounting software is more than just a tool, it’s the backbone of financial management. With new solutions promising better, faster management, it can be hard to know which platform is the best for your business.
Gnosis’ clients trust us with their business because we only use the most well-designed, customisable, and efficient accounting software available today – Xero.
Founded in 2006, Xero accounting software is a significant upgrade to the industry’s standard QuickBooks software. It offers businesses an intuitive, efficient solution for every type of accounting need. Rising quickly as a favourite software of choice, Xero offers a few key advantages over other solutions:
Cloud-based system
While QuickBooks has a cloud version (QuickBooks Online), Xero was designed with for the cloud from day one. It’s cloud-native architecture enables real-time collaboration between businesses and bookkeepers, and allows multiple users access to data simultaneously.
Simplicity and UX
Xero is able to complete operations seamlessly, no matter how complex the task. While QuickBooks has a lot of useful tools, it can be difficult to manoeuvre and adjust for function as needed. Xero’s intuitive, customisable interface makes it easy for even non-accountants to navigate from day one, offering quick access to key metrics and enabling more efficient financial management.
Integrations and Automation
Xero offers over 1,000 third-party apps, far outpacing QuickBooks (which as of 2024 has around 750). Xero users can connect everything from inventory systems to CRM tools with just a few clicks, automating previously time-consuming tasks and improving overall management efficiency. Xero also connects to more than 21,000 financial institutions around the globe, making it incredibly easy for your business to key into finances as and when needed.
Unique and competitive tools
Soon-to-launch ‘Just Ask Xero,’ will serve as a new AI business companion, to ensure seamless communication at every turn. Powered by generative AI, customers can WhatsApp message or voice note ‘Just Ask Xero’ (JAX) to explain what they need and be connected with the capabilities they need to run their operations and manage their finances efficiently. This is one major development we’re particularly excited about and we can’t wait to see this going live in Bermuda.
Pricing Transparency
Xero offers a straightforward pricing structure, while other solutions’ tiered plans can quickly become expensive as businesses grow or require advance features – especially crucial for smaller or scaling businesses where every bit of budget counts.
As the leading on-island company leveraging this pioneering accounting software, Gnosis offers customers brand-new customization tools, tailored project payment options, improvements to invoice management, a more flexible setup for recurring invoices, and the long-awaited bank reconciliation to a period (US & CA) – all designed to unlock a new world of accounting services after the retirement of classic invoicing.
For businesses seeking to streamline their financial processes and stay agile, Xero is the way of the future and as the leading, certified Xero partner on the island, Gnosis is perfectly placed to offer support and guidance on how to maximise Xero’s powerful tools
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Gnosis is Bermuda’s Leading Managed Service Provider
Founded in 2018 with the belief that Bermuda businesses deserve market-leading business and technology consultancy services with client needs in mind. Gnosis’ expert accountancy team provides a range of short-term and long-term accounting solutions to help power your business.
Our qualified consultants can support your organization through an ever-changing business landscape, from staff departures and maternity cover to additional resources for project work. Our flexible approach ensures you and your team receive the most cost-effective, tailored solution to suit every need.
If you’d like to learn more about how we can help support your business’ accounting needs, get in touch with our team today.
