Xero accounting FAQs
Frequently Asked Questions About Xero Accounting
Can you move our accounts to Xero?
Yes. We can support your move to Xero from spreadsheets or other accounting software, including setting up your chart of accounts, importing appropriate financial data, reconciling opening balances and configuring Xero around your business processes.
Can you clean up or repair an existing Xero account?
Yes. If your Xero records contain unreconciled transactions, duplicated entries, incorrect balances or inconsistent bookkeeping, we can review the account, identify issues and help bring the financial records up to date.
Does Xero replace an accountant?
Xero can automate and simplify many accounting processes, but the software does not replace professional accounting and tax advice. A Xero accountant can help ensure your records are accurate, manage compliance requirements and turn financial data into useful information for business decisions.
How much do Xero accounting and bookkeeping services cost?
The cost depends on the level of support your business requires, including transaction volume, bookkeeping frequency, VAT, payroll, management reporting and any additional accounting or advisory services. We agree the scope and fee with you before work begins — see our accounting packages and pricing.
Can you manage our bookkeeping entirely through Xero?
Yes. We can provide ongoing Xero bookkeeping support including bank reconciliation, purchase and sales processing, expense capture, VAT records and month-end checks, with the level of support tailored to your business — see our bookkeeping services.
Can Xero be used for management accounts and financial reporting?
Yes. Xero can provide the accounting data needed for management accounts and financial reporting, including profit and loss, balance sheet and cash-flow information. We can also develop reporting around the needs of founders, management teams and growing businesses.
Can Xero integrate with payroll, payments and other business software?
Xero can integrate with a wide range of business applications. We can help identify and configure appropriate integrations for areas such as payroll, expenses, payments and other financial workflows, based on the needs of your business.
Do you provide Xero accounting support outside London?
Yes. While Price & Accountants is based in London, our cloud accounting approach allows us to support startups and growing businesses across the UK with Xero bookkeeping, accounting, reporting and ongoing financial support.