Xero Implementation

Xero Implementation

ABOUT XERO

Xero is a cloud based accounting system that we think provides the best user experience for business owners, managers and financial team members:

Take note: The historical data base charge is R2,500 and needs to be adjusted up for volume. Please get in touch for a specific estimate for your data, as more detail and history that is required, the more effort needs to be put in to ensure your history is correct and updated.

R11,250.00R13,750.00

Clear

Additional information

Historical Data

No historical data, Yes, need historical data imported

ABOUT XERO

Xero is a cloud based accounting system that we think provides the best user experience for business owners, managers and financial team members:

During the Xero implementation TAT will set up your:

Organisational details
Company’s Financial details
Foreign currencies
Invoice templates
User access
Contacts
Inventory items (service or product)
Chart of accounts (including opening balances)
Tracking categories
Historical financial data

Implementation Process

Upfront systems analysis workshop to determine:
Exact revenue, cost of sales and expense accounts for budgeting and reporting
Divisional tracking options
Implementation of Xero
A follow up training session for sales and purchase invoices, bank reconciliation and reporting.

A mandatory part of the setup that is not included is loading of historical financial data.
Often though we need to help here, so please see the what we would charge depending on the size and complexity of your historical data set

Add-On XERO HISTORICAL FINANCIAL DATA

Once the Xero accounting system has been set up and customised to your current business structure and financial requirements we need to load the historical financial data:

Creating Invoices and Supplier Bills since the beginning of the current financial year, including those outstanding at the end of the previous financial year
Loading up all bank statements since the beginning of the current financial year.
We assume the bank statements are in excel format. If PDF is provided there may be a charge for an external conversion service provided by the Dext (Receipt-Bank) company.
Performing the bank reconciliation for the above invoices, bills and bank statement lines.
Creating the fixed asset register that were on hand at the end of the previous financial year.
Creating your foreign exchange balances (Customers and/or suppliers), which is necessary if you are using multiple currencies.

Some parts of the set up and conversion are more technical than others, particularly the loading of large transaction count, creating your fixed asset register and adjusting the foreign exchange transactions and balances.

If you have a large data set than mentioned above, we can discuss specific pricing or options available to record the history of your data to be imported.

Take note: The base charge is R2,500 and needs to be adjusted up for volume. Please get in touch for a specific estimate for your data, as more detail and history that is required, the more effort needs to be put in to ensure your history is correct and updated.

Companies and Intellectual Property Commission Compliance