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Finance Technology

We’re a successful technology practice

Square Mile was shortlisted at the British Accountancy Awards in 2016, for “Most Innovative Practice”, and we’ve excelled to Xero Gold Champion status. Our revenues have grown at 40 – 50% each year since formation, and our robust profit margins have remained strong throughout.

This means we lead by example

We have helped many companies in the UK – from start-ups to multinationals – become more efficient, improve their cash flow, save time and automate tedious tasks by utilising technology effectively since 2016.

Never sink or swim

Adopting new technology means that you will need some help. Never fear! We ensure that our newly acquired clients are successfully onboarded and that technology training is tailored to each client. We’re here to guide you each and every step of the way.

Technology Consulting

Technology at Square Mile is about much more than any specific infrastructure, system, software program, or application. We help you embrace change and introduce you to technology that is proven to perform and has the power to make a difference at every stage of your development.

  • Our experts will assess your finance systems to make sure they are operating efficiently and make sure you are taking advantage of all the features.
  • We’ll plan the best solution for your business. This could be a simple accounting package or a complete integrated solution for every area of finance.
  • Regardless of your challenges and aspirations, we have the know-how,supported by our tech partnerships.
  • Our goal is for your finance technology solution to deliver the actionable insights and additional value that helps your business grow and succeed.

More accuracy

For any part of your business, especially your finances, a plan needs to be devised. However now that your business is growing how will you know what to do, and where will you find the time? A VFD can take control here, whereby a plan based on real numbers and realistic projections can be created in addition to assisting in the executing and tracking of the plan.

  • Cashflow forecasting
  • Budgets and forecasts
  • Analysis
  • Cashburn monitoring and scenario planning
  • Business plan financials
  • Systematisation and documentation

Let us help you with all your Xero needs.

We show you how to get the most out of Xero

Xero is the leading cloud accounting platform, but you may not know how to use it to it’s full potential. That’s where Xero training comes in.

Xero training empowers you to fully understand and implement the relevant features of Xero. The result is improved business performance and profitability.

Why get Xero training from an accountant, and not software trainers?

We live and breathe Xero. What we’ve found is the best training comes from those who are no stranger to what Xero has to offer and how powerful it can be for your business.

We use it ourselves at Square Mile and with our clients every day, so that we can show you how to get the most from the platform and its hundreds of connected apps.

Xero Services

Xero Health Check

Is something not quite right with your Xero set-up? We find mistakes in your Xero file and show you how to fix them.

  • Company processes overview
  • Review for duplicated contacts, transactions and general quality of records
  • Review quality of records to ascertain if kept in a HMRC compliant manner for corporation tax and VAT purposes.
  • Comparison of Xero records to those filed with HMRC and Companies House.

Xero Migration

Need to move to Xero? When it comes to migrating to new software, timing is everything. The earlier you begin planning a migration the better.

Initiate a migration plan today with Square Mile including:

  • Benefits of Xero over current platforms
  • Key date to execute migration
  • Option to transfer of all historic transactions
  • Transfer all supplier and customer information
  • Transfer account (nominal) codes to Xero for continued ease of use
  • Transfer prior month/quarter/year balances for effective comparison
  • Build a new training plan for the team using one of our training or consulting schemes

Xero Fundamentals

Master the basics of using Xero, basic Xero functionality, and gain the confidence and skills to become a Xero certified user.

  • Company set up and adding users
  • Understanding the dashboard
  • Navigating your Xero account
  • Setting up bank account and direct bank feeds to Xero
  • Creating sales invoices including the creation of sales invoices templates and repeating invoices
  • Creating purchase invoices and set up repeating invoices
  • Reconciling bank transactions including prepayments and overpayments
  • Establishing bank rules
  • Processing payroll including set up, adding new employees, and running payroll.
  • Create and view real time reports
    Set up of and preparation of MTD VAT returns

Xero Advanced

Become a proficient user of Xero, implement new processes to help you run your finance function with ease and efficiency.

  • Optimisation of chart of accounts for tracking categories
  • Optimisation of chart of accounts for expense claims process
  • Automation of Invoice upload
  • Automation of Bank reconciliation
  • Importing sales and purchase invoices
  • Introduction of ‘pay now’ button to sales invoices
  • Xero Projects
  • Use of mobile applications
  • Advanced reporting for budget management
  • Advanced reporting for forecasting
  • Advanced reporting for KPI monitoring
  • Consolidated reports for multiple entity reporting

App Square™ Cloud Consulting

Transform your business through cloud-based apps suited to you. Keep track of your KPIs, plan with confidence and scale your business successfully.

  • Smart app advice to help you find the right technology for you
  • Expert support with migrating to new apps
  • Bespoke dashboard reporting aimed to support board and executive decision making
  • Process and system optimisation

We’ve helped our clients take the leap with some pretty remarkable results.

You can benefit from the ways we take cutting-edge technology and apply it to specialised industry challenges. The testimonials below reflect the hard work we put in every day to delight our clients and make their accounts and tax affairs easier through technology.

Mohammed Salmin Qadir

Positive: Professionalism, Quality, Responsiveness
I’ve had a couple of training sessions on Xero from Harshil at Square Mile and he’s been excellent. He really understands Xero and how to make it work for me.

James Johnson

These guys trained me to use Xero with a POS integration and they did a great job Super helpful and informative. Highly recommended.

Enda Casey

I had a need for some rapid hands on Xero taining and Square Mile were able to provide it as well as • sort out some longstanding issues I was having. Would recommend.

Stela Obradovic

Lovely bunch, great training – thanks guys.

Meet your crypto Consultants and Advisors

Will Taylor

Finance Analyst & Xero Gold Partner Trainer

Will is a Xero Gold Partner certified advisor. He leads our Xero training programmes. He has been training business owners, founders and company finance teams on the use of cloud accounting software.

Our Accounting Tech Partners

We’re focused on giving you quick, simple, and pain-free finance technology. Square Mile partners with highly progressive and innovative finance technology partners to offer you truly seamless software solutions.

Are you truly positioned for success?

Start a conversation with us about a more strategic, tech-savvy approach to your business. Book a call with us!

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