{"id":6206,"date":"2021-12-29T08:25:43","date_gmt":"2021-12-29T08:25:43","guid":{"rendered":"https:\/\/www.boardroomlimited.com\/hk\/?p=6206"},"modified":"2024-03-13T11:02:20","modified_gmt":"2024-03-13T03:02:20","slug":"boardroom-and-xero","status":"publish","type":"post","link":"https:\/\/stg.boardroomlimited.com\/hk\/boardroom-and-xero\/","title":{"rendered":"Cloud Accounting with Xero and BoardRoom \u2013 Make it work for you"},"content":{"rendered":"

[vc_row full_width=”stretch_row” css_animation=”fadeInLeft” el_class=”business-insights-content”][vc_column][vc_row_inner el_class=”m-t-50″][vc_column_inner][vc_custom_heading text=”Cloud Accounting with Xero and BoardRoom Hong Kong \u2013 Make it work for you” use_theme_fonts=”yes” el_class=”m-b-30″][vc_column_text]Cloud accounting platforms like Xero are well recognised for their benefits such as saving time, money and effort for companies in Hong Kong \u2013 big and small. It can improve your finance team\u2019s productivity and speed up processing of payments and invoices, which means your company is getting paid faster<\/a>.<\/p>\n

Even so, there are still companies hesitant to make the switch from traditional accounting to a cloud accounting system.<\/p>\n

A common concern is the set up and migration of existing financial data into Xero which can be difficult, particularly so for companies with complex structures, or small businesses with fewer resources. This can make implementation time-consuming and hinder your company from realising the full benefits of Xero.<\/p>\n

The solution? By working with the right Xero partner like BoardRoom, your switch to Xero cloud accounting solution can be a seamless and rewarding experience. Our Xero online accounting experts in Hong Kong will advise and guide you through the process on how you can best optimise Xero to your benefits, effectively improving your accounting and business tools.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”m-t-50″][vc_column_inner][vc_custom_heading text=”Leave traditional accounting behind today” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”m-b-30″][vc_column_text css=”.vc_custom_1684112542201{margin-left: 0px !important;}”]Cloud accounting uses online software and stores the data from your accounts in the cloud. \u2018The Cloud\u2019 is a network of remote servers storing vast amounts of data. In contrast, traditional accounting software is installed locally on your computer with data stored on a hard drive or a server on-site.<\/p>\n

While traditional accounting has its benefits such as not requiring an internet connection and having full control over your security levels and access, it is heavily dependent on ensuring that updates and data backup are done continually. When in comparison, the benefits of cloud accounting far outweigh those of traditional accounting.<\/p>\n

Cloud accounting software makes it easier for your team to access and collaborate, all without the need for additional hardware costs and software expenses. It also offers your company a real-time snapshot of business performance while providing data security and protection. But perhaps the most important aspect for a business owner is that cloud accounting helps you save time and improve accuracy, which assists your company run more efficiently. This is why many companies in Hong Kong use cloud accounting, like Xero.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”bottom” el_class=”m-t-50″][vc_column_inner][vc_custom_heading text=”Xero accounting implementation made easy with the right partner in Hong Kong” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”m-b-30″][vc_column_text css=”.vc_custom_1684112662351{margin-left: 0px !important;}”]The complexities of Hong Kong\u2019s regulation make changing to a new accounting system challenging. However, with a team that\u2019s experienced in implementing a new professional accounting system such as Xero for companies in Hong Kong, organisations can avoid potential pitfalls such as misplaced data or accidentally limiting essential user access.<\/p>\n

Finding the right affiliate can be as simple as looking at the partners that are certified as a Xero consultant. BoardRoom for one is a Xero<\/a>TM<\/a> Gold Champion Partner<\/a> that has consistently showcase our expertise in implementing Xero for a wide range of company profiles.<\/p>\n

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We\u2019re experienced in transferring your company\u2019s data from your existing accounting system to Xero. Once you have provided us with the necessary data, we will work in the background to set up your Xero file setup according to your needs. This means minimal downtime for your team while they continue working as per normal.<\/p>\n

Our support does not just end at set-up \u2013 we also ensure that your team is confident in fully optimising the Xero platform. This includes training and support services to facilitate the change management process for your team. Our Hong Kong team is also just an email, phone, or video conference call away to support your team with any Xero enquiries.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”m-t-50″][vc_column_inner][vc_custom_heading text=”Challenges of Xero set-up and migration for complex company structures” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”m-b-30″][vc_column_text css=”.vc_custom_1684112713392{margin-left: 0px !important;}”]Data migration and change in accounting platforms are especially tricky for companies with a complex structure. Strategic planning is often needed to ensure your company structure is reflected correctly in Xero and that it meets any regulatory reporting requirements in Hong Kong.<\/p>\n

Companies may risk errors, issues, and potentially expensive faults when switching accounting platforms. Improper set-up and migration of data may lead to long-term problems such as not being able to meet regulatory reporting requirements. Having a partner with the right qualifications like BoardRoom can help avoid these pitfalls and save you time further down the road.<\/p>\n

Our Xero data migration services ensure a complete data migration, comparative balances migration and porting over of last closing balances. Additionally, our online training modules will guide your team through purchase, sales, bank transactions and reconciliation, cash flow, inventory, sending online invoices, generating financial reports, in addition to other advanced features.[\/vc_column_text][vc_single_image image=”6213″ img_size=”full” alignment=”center” css=”.vc_custom_1640227046686{padding-top: 30px !important;}”][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”m-t-50″][vc_column_inner][vc_custom_heading text=”Making Xero accounting right for your company in Hong Kong” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”m-b-30″][vc_column_text css=”.vc_custom_1684112738563{margin-left: 0px !important;}”]How do you get the most out of Xero accounting software, especially with limited resources? With thousands of apps and integration available on Xero, BoardRoom Hong Kong helps to cut out the guesswork by recommending the right ones that best suits your company needs.<\/p>\n

We also customise your chart of accounts or report templates, incorporate your logo into financial documents, or set-up tracking categories and contacts \u2013 plus more. Most importantly, we\u2019ll provide the necessary training to ensure that your team is set towards success.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”m-t-50″][vc_column_inner][vc_custom_heading text=”Grow your business with BoardRoom\u2019s regional expertise” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”m-b-30″][vc_column_text css=”.vc_custom_1684112778203{margin-left: 0px !important;}”]When you partner with BoardRoom, you\u2019re not working with a regular accountancy firm. As professional services experts, we operate across multiple jurisdictions and offer a wealth of knowledge on all aspects of company administration. This means that no matter where your offices are located, whether Hong Kong<\/a>, Singapore<\/a>, Malaysia<\/a>, China<\/a> or Australia<\/a>, we can assist you to seamlessly integrate all of your accounts functions and accounting services through your Xero accounting system.<\/p>\n

In addition to Xero set-up and migration, we also provide incorporation<\/a>, share registry<\/a>, company secretarial<\/a>, payroll<\/a>, plus many other administrative services. Therefore, by partnering with BoardRoom, your company gains access to our wide range of skills and expertise to assist your administration and accounts teams operate more efficiently.<\/p>\n

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Xero consultations are available for full scale migration, set-up, or integration of systems \u2013 such as payroll or point of sale. No matter the complexity of your company structure or which accounting system you\u2019ve been using, our team of experts is always ready to provide support through every step of the way.<\/p>\n

Find out more today<\/a> on how partnering with BoardRoom can save you time and money for your Xero implementation needs.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content_no_spaces” css_animation=”fadeIn” el_class=”seperator-container common-spacing”][vc_column][vc_row_inner][vc_column_inner][vc_separator color=”custom” border_width=”2″ accent_color=”#e9e6ee”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css_animation=”slideInLeft”][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=”Related Business Insights” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”common-top-spacing business-insights-container”][vc_column_inner][vc_column_text]