"Xero Accounting Services" can refer to two main things: the Xero accounting software platform itself, and professional services provided by accountants and bookkeepers who are experts in using Xero. To help you navigate your options, here is a breakdown of what Xero is, how to find certified professionals, and what services they typically offer.

Xero Accounting Software Overview

Xero is a cloud-based accounting software designed for small and medium-sized businesses. It centralizes financial information and automates many bookkeeping tasks

.Key features include:

• Automated Bank Reconciliation: Connects to your bank feed to match and categorize transactions automatically
• .Invoicing & Bills: Create, send, and track invoices and bills, with options for automated reminders
• Real-Time Financial Reporting: Generate reports like Profit & Loss, Balance Sheets, and cash flow statements
• Multi-Currency Support: Handle transactions in over 160 currencies
• AI-Powered Assistance ("JAX"): An AI assistant within Xero that can answer business questions and automate tasks like creating quotes

Finding a Xero Accounting Professional

Many businesses choose to work with an accountant or bookkeeper who is trained in Xero. These professionals can handle day-to-day bookkeeping, provide strategic financial advice, and ensure compliance.

Professional Xero Accounting Services

When you hire an accounting firm that specializes in Xero, their services typically extend far beyond basic data entry. According to multiple service providers, common offerings include

Setup & Migration: Initial configuration of Xero for your business or migrating your data from another accounting system.

• Day-to-Day Bookkeeping: Managing accounts payable/receivable, expense tracking, and bank reconciliations.
• Payroll Processing: Handling employee pay, tax calculations, and filings (e.g., W-2s, 1099
• Financial Reporting & Analysis: Preparing standard reports and providing insights into cash flow, profitability, and business performance.
• Tax Preparation & Compliance: Ensuring your books are accurate for tax season and helping with federal and state tax filings
• System Cleanup & Automation: Fixing past bookkeeping errors and setting up automated workflows to improve efficiency