The full implementation of Xero generally takes around four to eight weeks, depending on the availability of documentation / information relating tp previous periods and availability of College Support team.
However the system will can be used for day to day operational activities within a few days and reporting within four weeks.
While the implementation may take up to eight weeks, the bank account(s) transactional information can be backfilled into Xero so that there is no loss of information or catch up required. This is only limited by the ability to download historical bank transactions from the bank.
Xero can also be used for day to day reconciliation of transactional information from within a couple of weeks of the implementation starting, while some of the set up continues in the back ground (IE: fixed asset setup or budget loading).
The full implementation of Xero generally takes around four to eight weeks, depending on the availability of documentation / information relating tp previous periods and availability of College Support team. However the system will can be used for day to day operational activities within a few days and reporting within four weeks.
While the implementation may take up to eight weeks, the bank account(s) transactional information can be backfilled into Xero so that there is no loss of information or catch up required. This is only limited by the ability to download historical bank transactions from the bank.
Xero can also be used for day to day reconciliation of transactional information from within a couple of weeks of the implementation starting, while some of the set up continues in the back ground (IE: fixed asset setup or budget loading).
We generally recommend implementing Xero prior to the end of a financial year, rather than at the beginning of a new financial year. We have converted Schools and Colleges to Xero from January through December during the year, so the date of conversion can be flexible depending on the Colleges requirements. The timing of conversion does not create any issues for the Colleges auditor.
The key benefits include:
We understand the difficulties and challenges schools face with limited funds, so at Accounting For Schools, we will always strive to save your school as much money as possible, allowing you to invest in essential areas of the education industry. As a Xero Platinum Partner, we can offer your school access to a discounted monthly subscription to get you started on your way to saving.