Move from Excel to Accounting Software

Small businesses often start out using Excel – but that’s only doable up until a point. Like every teenager eventually becomes an adult, your business needs to evolve and grow. Find out why the smartest organisations are using online accounting software instead.

Why Excel isn’t a long term solution

Excel can do a large number of tasks, is easily available and is very widely used in the world of business. And it would be wrong not to not acknowledge this up front. However, while the application is sturdy, it’s the spreadsheets created while using it that aren’t – and this often causes issues down the track.

Seven reasons why accounting software is better than Excel

1. Hit the ground running with confidence
   
2. Your company’s real-time financial data is kept in one central place – online, in the cloud
3. Out-of-box reports. Get most of the reports you will ever need, with a few clicks
4. Up-to-date information and ready to share
   
5. You’ll have a clean audit trail
   
6. It syncs with other business applications
   
7. Access to data anywhere, anytime 

It's about letting your business grow

While it can often be hard to alter the way you do business and embrace change, the potential rewards are huge. The truth is, the writing is on the wall if you don’t find it easy to quickly manage your day-to-day business using Excel.

Excel was simply not built to replace accounting software – so it’s time to give your business the room to grow and succeed, without restrictions.

Extracted from Xero Guides to Small Business.