Frequently Asked Questions about

Xero

These are some of the most commonly asked questions about our Xero.
If you can’t see an answer to your question, please feel free to contact us and we’ll be happy to help.

Q: You seem to be encouraging that we use Xero Accounting software. Why is that?

A:We have worked with other accounting packages for over 20 years and now after using Xero for 3 years – I will never go back!! No more software installations, upgrading, roll overs, and back ups. It is true multiuser software wherever you are. Unlimited users, Employee portal, bank feeds, documentation can be attached to every transaction. Documents can be emailed to your own Xero account email address. The list goes on. Have a look at our webpage for more details…www.benkorp.com/Xero

Q: Can we start a new accounting system half way during the financial year?

A: Yes. There are a few options for this:

  1. Part of the year in the old accounting system and the remainder in the new system. The year to date balances are brought forward. This is a small nuisance for your accountant at year end, but time goes quickly and this is quickly forgotten. Always look forward. Don’t spent time looking backwards!!
  2. Migration of data. In many cases the data and transactions from the beginning of the year, and sometimes the year before, can be migrated from the old accounting system to the new. Please ask us if this is possible.
  3. Start the new system from the beginning of the year. If there have not been too many transactions, and you are using a system like Xero, we can help you import and quickly enter transactions from the beginning of the year.
  4. Previous Monthly comparative balances. This is also sometimes possible to establish at set up time. Please ask.

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