A LITTLE OR A LOT
Xero Cashbook has two roles to meet the level of input you want to have in your accounts.
1. The Managed role gives you access to add comments on bank transactions, which your accountant can then code.
This helps you become familiar with accounting without having to learn all aspects, and it’s perfect if you turned up to your accountant’s office last year end with a ‘shoebox’ of receipts.
2. The Cashbook role provides more functionality. You can easily code transactions and prepare cash based sales tax reports. Ideal if you’re already using installed cashbook software or Excel spreadsheets.
In both cases your accountant can review your information at any stage and provide input for your business during the year.
EVOLVES WITH YOUR BUSINESS
With Xero Cashbook, you don’t have to be intimidated by complex accounting features. When you are ready and willing to manage invoicing and payables, simply upgrade and unlock further functionality within Xero.