One type of job that will never run out of demand is Accountancy. As long as there are businesses, there will always be a demand for accountants.
And as companies transition from a traditional office setup to a virtual one, it’s no surprise that accountants would also do the same. Virtual accounting is slowly gaining popularity as many accountants shift to remote working.
And one type of virtual accounting that people should look into is Xero accounting. An online Xero accountant job is similar to other online accounting jobs but with one key difference. Xero accountants primarily utilize the Xero accounting application for their work.
So if you are interested in applying for an online Xero accountant job, this article is for you. Here, I will discuss four reasons why you should consider a career as a Xero accountant. In addition, I will also discuss your duties and responsibilities, as well as what Xero is.
Duties and responsibilities
As I said before, a Xero accountant’s duties and responsibilities aren’t that different from other accountants. These are:
- Prepare monthly and quarterly business activity statements for clients.
- Reconcile quarterly/annual reports with bank accounts.
- Data entry of bank statements, invoices, receipts, and other source documents.
- Review client data entries and correct them if necessary.
- Prepare the quarterly/annual accounts and the required paperwork.
- Assess individual, partnership, trust, and company tax returns.
- Conduct annual PAYG payment summaries.
- Arrange the annual reports for taxable payments.
- Conduct other accounting/data entry support as deemed by your manager.
As for salary, an entry-level full-time online Xero accounting job has a salary range between Php 16,000 to Php 25,000. Experienced Xero accountants can expect to earn between Php 45,000 to Php 60,000.
What is Xero?
Before we continue, let us discuss what Xero is first. Xero is a cloud-based accounting platform designed for small and medium businesses. Its products are sold by subscription, meaning you’re going to have to pay each month for using this app. Xero is available both on pc and mac, and they also have a mobile app as well.
Xero’s features include invoicing, an automatic banking feed, accounts payable, bank reconciliation, asset claims, and fixed asset depreciation. Aside from these accounting services, Xero also allows accountants to easily communicate with their clients as well.
Xero is Easy to Use and Familiarize with.
Are you tired of using clunky and complex apps for your work? Do you want to avoid wasting time looking for guides on how your work app works? If so, then Xero is the perfect app for you.
For first-time users of Xero, there are courses available on Xero’s website so you can become an accredited Xero Accountant. Learning these courses will take some time. But once you’ve completed them, you won’t have much trouble with using Xero anymore.
Xero also possesses an ergonomic and user-friendly interface that is both intuitive and simple to use. With Xero, you will never have to waste time searching where to access the company’s financial records, for example. Having an interface that you can easily use improves your productivity and reduces stress at work.
Xero Comes with All the Tools you need for your Job.
Another advantage of an online Xero accounting job is that Xero has all the tools you need for your job. Instead of having to use a separate app for data storage, communication, and analyzing the company’s financial records, you can do it all through Xero. This feature improves your efficiency and saves you time between opening different apps for work.
If that wasn’t enough, Xero also has the option to download additional software that you need for your work. With this option, you can personalize your Xero account to fit your needs. This means that your Xero account grows alongside you as you work.
Work Anytime and Anywhere with Xero.
If you’re someone who wants to continue their accounting work while traveling, then being a Xero accountant is the job for you. Because you’re working via Xero, all you need for work are your computer or laptop and a stable internet connection. This means that you can work anywhere, so long as the place has an internet connection.
And just like any online job, your shift depends on the arrangement between you and your client, so your schedule is very flexible. This flexibility lets you accomplish your tasks at your own pace, as long as you finish it within your client’s deadline, of course.
Being a Xero Accountant gives you More Time to Spend with your Loved Ones.
Lastly, having a flexible schedule as a Xero accountant means that you now have more time to spend with your loved ones. Before, you’d be hard-pressed to find the time to bond with your family or hang out with your friends. But now, you can do your online Xero accountant job and still have time to watch a movie on Netflix with your family later.
Having more time to spend with your loved ones is especially important these days, what with the pandemic and all. Having the support of your loved ones during these trying times can be a big help in keeping you mentally, psychologically, and emotionally healthy.
And we are done! Here are the four reasons why you should consider applying for an online Xero accountant job. I hope that this article helped convince you to consider a career as a Xero accountant.