Xero + Hubdoc
We want our clients to have the best finance systems, and have identified Xero as the best solution on the market for startups and SMEs.
We are Xero Gold Partners which means we are experts at using the best technology – this increases our operational efficiency and ultimately allows us to charge you lower fees.
We don’t work with other accounting systems, believing they are substandard offerings.
HubDoc allows us to record expenses with ease. We set you up with a specific email where you can send expense invoices. Our team then ensures that the details it reads are correct before we insert it into your Xero account.
No more worrying about keeping pieces of paper in a shoebox!
There is no extra charge for using HubDoc – we cover the costs for you as part of the service!
Process Setup and Improvement
When you start a company, things can quickly fall into disarray. You are trying to spin a lot of plates at the same time. We get it. Usually, the financial aspects of your company get left behind. This is bad for business – especially if you can’t track sales and expenses, or know if you’re running a profit.
First Accounts know how to install robust systems in your business. We have researched countless off-the-shelf, cloud-based products that increase efficiencies. These products range from Point of Sale (“POS”) to normal e-Commerce sites.
BrightPay is recognised as the number 1 payroll software in Ireland. It seamlessly integrates with ROS and allows us to quickly process payslips, send to employees and update ROS.
There is no extra charge for using BrightPay – we cover the costs for you as part of the service!
Get more insight into revenue and profit
With your books up-to-date, you can see what drives your revenue and profit, and take action to make it even better with real-time information.
Be confident with the knowledge that all your important business files are regularly backed-up in multiple locations, safe and protected from everyone but the people that need to see it.
Frequently Asked Questions
Cloud accounting means storing and accessing accounting and bookkeeping data and programs over the Internet (on multiple servers in various locations) instead of your computer’s hard drive.
The “cloud” is just a metaphor for a series of computers linked via the internet. It goes back to the days of flowcharts and presentations that would represent the gigantic server-farm infrastructure of the Internet as nothing but a puffy, white cumulus cloud, accepting connections and doling out information as it floats.
The best advantages to cloud accounting are:
- the ability to crunch data faster than your computer can
- the ability to work anywhere with an internet connection
- much better data security
- the ability to scale your accounting needs quickly
- the ability to have updates in the background, without interruption
- reduced costs from outsourcing
Most cloud solutions are multi-national corporations who have A LOT to lose if there are any data breaches.
A loss in consumer trust could mean the end of their business.
That’s why they direct a lot of funding towards security – more so than the average business owner could manage if there files were on a laptop that could be easily stolen and hacked into.
This is the best part – due to the economies of scale that can happen when more people use the cloud.
You don’t need to install any other software other than a modern internet browser in most cases. From there, you simply use the software as and when you need it (no need for you to update it).
Xero and Hubdoc are our favourite cloud tools to use. Xero is priced between €19 and €39 per month, and Hubdoc comes free with a Xero subscription.
The cloud isn’t just the future, it’s the present. Even if your on-site accounting solution seems to function “just fine”, or if you’re diligent about managing your traditional processes, the world of accounting is inevitably changing, and it’s important for your business to keep up.
The risk associated with maintaining old processes isn’t a question of capability – rather, it’s a question of whether or not you want to grow your business and maintain a competitive edge.
In any case, why not just take this as an opportunity to clean up your existing processes and gain some efficiencies along the way?