Ha Accounting.com.au › Blog › Business Planning › HA Accounting’s January 2018 Xero business of the month
HA Accounting’s January Xero Business of the month is Llandovery who are Illawarra dairy farmers. These guys put their blood sweat and tears into their cows and especially this time of year with International Dairy Week in Tatura. They have handled the changes in their dairy industry by tackling their problems head-on. Everyone knows dairy farmers have been doing it tough however they were not afraid of change and to try new things to help cashflow through one of the industries toughest couple of seasons. The business is now fully automated on Xero from payroll, super streaming and transactional data. The change from cash flow manager was a tough one and especially in an industry that isn’t renowned for changing. However, 2 years in and Elise now saves close to 2-3 days a quarter in administration and bookkeeping time.
We have used the savings in compliance costs to work on what matters to the owners at Llandovery by adding business value. We have been able to do business plans, budgeting and comparisons, software changes from cashflow manager to Xero, Farm household assessments and grant applications. It is important that an accountant can help you improve your business. Here at HA Accounting Xero enables us to help our clients where it matters most. We believe we are positioned to help farmers which is why Farmers want a HA Accountant.
Xero with its streamlined automation allows Tony to focus on the farm and the cows and to sit down with advisors to ensure profitability. Live budgets can be entered and completed in Xero to ensure comparison of actual data. This helps to curb losses and blowouts as they happen, not 12 months later when your accountant picks it up when doing the financials. The software also enables the banks to have live data and reports rather than one-off costs for accountants to produce special purpose reports for loans.
Having a Xero accountant who uses your file for a live Eco stream to produce financials saves time on compliance. You can now use your accountant as a business advisor and not just a compliance processor. Contact the team at HA Accounting today for help on how to make the jump to Xero to save you time and money. Farmers can now work on your business and not waste time on doing the books for your business.
There is a new way to do accounting in the dairy farming industry and we congratulate Llandovery from jumping ahead of the curve with us to help support them in their business with Xero. To read more on why you need a xero acountant for your tax click the link.
The HA Accounting & Limitless Financial Services team wish Tony and Elise Hayes from Llandovery the best of luck for the 2018 International Dairy week competition, we know you guys are going to do great.
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