From XU Magazine, 
Issue 19

Why should accountants integrate Xero with their clients’ management systems?

With the number of cloud based softwares growing exponentially over the last few years there is a growing desire amongst accountants to make use of these softwares to benefit their clients. One such software provider is Arthur Online who integrate their financial module with Xero to provide a seamless transfer of data between the two platforms saving you countless hours of laborious administrative work…
This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
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When it comes to managing any part of a business, you want your clients to have the best tools to deliver the most accurate and sophisticated results. Balancing the books may not be a property managers favourite routine task, however, this is what keeps their business going. As your clients’ portfolio grows, reliable management and accounting software helping co-ordinate accounts will provide a clear picture of their financial past and future.

What is property management software?

To aid property managers, software has been specifically created for property-related task management. A growing number of satisfied property managers state that using property management software has changed the way they work. Arthur Online is one such online property management software designed to make life easier for property professionals. Through streamlining and automating key processes and bringing fundamental data to the fore, Arthur Online centralises every aspect of property management workflow, helping save time and improving business wide efficiency. This powerful property management solution has been built to help manage your clients’ portfolio effortlessly from initial viewings through to monitoring rent and paying contractors. The cloud-based technology gives users the freedom as well as the flexibility needed to manage properties irrespective of where they may be.

Why integrate?

Whilst Arthur offers an end-to-end property management solution, we understand that there are certain things that we are less able to perfectly execute. One of these is full business accounting. To remedy this, we integrate with Xero, giving users a view of their tenant data and financial accounts at all times. Through this integration, users are able to handle all of their financials in one place in real time.

As accountants, you benefit from from a reduced workload. No longer will you need to enter invoices, create contacts or add tracking categories; Arthur can do these for you. Your clients will also see the benefits of integrating. They will now be able to manage their properties and tenancies in Arthur whilst having the ability to manage their finances and submit their VAT returns to HMRC in Xero at no extra effort.

Arthur-Xero integration

Cloud accounting’s sole purpose is to simplify. Whether your client is a landlord, letting agent or generally specialise in property management, it will benefit them to work with a software solution enabling them to get the most out of their portfolio. Financial arrangements for tenancies can often be complex and time consuming to keep on top of. The integration with Xero enables your clients to effectively manage payments and remittances. It facilitates on time payments with ease of access and complete transparency. Whether its basic financials, tenancy financials, owner remittances, recurring bills, or setting up tenancy statements, Arthur Online offers the right tools to accomplish the task without the hassle. Furthermore, accountants can manage multiple accounts and clients from one login. This saves time on a daily basis, quickly switching between accounts to reconcile payments or pay a landlord.

Having property management software that integrates with your clients’ accounts not only saves on data entry, but also provides real time financial data allowing users to see how well their properties are being managed, helping them plan a clearer future.

The Arthur-Xero integration means that the double handling data is a thing of the past. The two systems work in tandem, with Arthur sending invoices one way and Xero sending receipts the other, making the transfer of information seamless. Simply put, all you have to do is match the payments. The integration provides users with access to a powerful combination of comprehensive accounting and property management functions. It is perfect for property professionals looking for a simple, effective way to save time, money and better track their portfolio financials.

Another benefit of integrating Arthur with Xero is that your clients will be MTD (Making Tax Digital) compliant. The fundamental change to the UK tax system has been introduced in order to make the current process more efficient and simpler. With Xero being a HMRC approved accounting platform and Arthur an effective invoice generator, sending quarterly reports is a breeze. HMRC are building their functionality so that businesses and landlords will eventually be able to send information about all types of income, which Xero will be able to handle. The integration will help reduce data handling, saving you countless hours of tedious administrative work. No longer will you have to spend laborious hours entering invoices and bills; Arthur will provide all this data for you.

Setting up with a property management software and integrating with an accounting package should be observed as an investment in your business, which pays off within a short period of time. The advantages of the correct choice and use of property management and accounting software lead to more time to prioritise, allows you to efficiently delegate tasks, ensures you are MTD compliant and have up to date financial information.

Arthur Online was created by property owners and managers who understand the needs of landlords and property managers. The powerful Arthur-Xero integration simplifies and modernises the way property businesses automate tasks and allows you to check in from your phone or computer – connecting you wherever you are. Streamline your clients’ workload with a seamless integration of accounting software with Arthur Online property management and Xero, creating a complete management solution.

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