XEROX Accounting Services

We, Independent Consulting Solutions Bermuda, have been assisting small and medium businesses to choose the right accounting software to keep their accounts accurate and compliant. Xero has been one of the topmost cloud accounting tools that thousands of businesses use worldwide. Our team has worked closely with this software to offer the best Xero Accounting services and Xero Setup Services. This has given us complete proficiency in this software. Knowing this software inside out makes us versatile in all processes. We specialize in Xero Setup Services for a business to configure Charts of Accounts, bank feeds, payroll processing, payment processing, fixed asset management, conversion balance, and other components. We further empower businesses with our expert Xero Bookkeeping Services and Xero Accounting Services to harness the power of cloud accounting to grow their business manifold.  s

Xero Accounting Services at Independent Consulting Solutions Bermuda include:

  • Setting Up a Chart of Accounts
  • Preparing and sending online Invoices to customer
  • Recording online receipts from customer
  • Generate an online purchase order
  • Verifying and recording bills from vendors
  • Tracking project-wise profitability with tracking time, recording receipts & expenses
  • Managing Sales & Use Tax
  • Payment to vendors
  • Processing employees’ pay and updating payroll file
  • Processing other tax-related reports
  • Recording depreciation and other adjusting entries
  • Entering Bank Transactions
  • Month-end or year-end closing entries

Xero Accounts Payable

  • Receive bills and store them online
  • Bill processing & approval
  • Payment approval and schedule payment
  • Payment Processing and Batch payment
  • Handling of vendor inquiries

Xero Accounts Receivable

  • Processing online quotes
  • Sending online invoices
  • Recording online payments from customers
  • Customers aging
  • Collections management
  • Cash forecasting & reporting

Xero Financial Reporting

  • Balance sheet
  • Income statement
  • Trial Balance
  • Cash flow statement
  • Bank reconciliation report
  • Detailed general ledger report
  • Fixed asset account management

Xero Payroll Services

  • Payroll setup
  • Payday calculations for employees & contractors and direct deposits
  • Payroll taxes calculation and form filling
  • 941, 1099, 940, 944, and quarterly state tax returns
  • Reconciliation of Payroll with Quarterly returns
  • Generate W2 form at the end of the year

Xero Bank Rconciliations

  • Bank book reconciliation with your bank statement
  • Credit card reconciliation with your statement records
  • Sequencing of checks
  • Balance sheet reconciliation

Result-oriented Solution

Explore how our Xero Accounting Services, Xero Setup Services, and other Xero solutions can help you enjoy a wide spectrum of advantages:

We have a strong understanding of the Xero platform that reduces to the bare bones of performing simple to intricate accounting, bookkeeping, and other financial jobs. We further hold proficiency in setting up this software after a detailed understanding of your business and accounting needs. This can maximize your returns over investment in this cloud accounting solution and outsourced Xero accounting services and Xero Setup services.

Our Xero bookkeeping services help you record and manage expenses, receipts, purchase orders, bank transactions, vendor bill verification, and other financial information.

Our Xero accounts receivable and payable services handle bill verification, payment processing, online quote processing, collection management, cash forecasting, etc.

Our Xero experts will empower payroll management with a tailored payroll setup consisting of employee details, taxations, and other norms. We also reconcile the payroll and returns for better evaluation of business valuation

Our Xero bank reconciliation services help you efficiently handle the reconciliation processes of bank statements, credit card transactions, checks, demand drafts, balance sheets, etc. to track each penny invested and received.

All-inclusive Xero accounting services will keep you stress-free from all accounting jobs as from setup to generating financial reports will be handled by an expert.