It’s not difficult, and once your bank accounts are set up, it happens automatically from there. If you’d like us to step you through getting set up with Xero Cashbook, or their Xero equivalent for Business, or both, get in touch and we’ll hand hold you through the process.
#Personal cashflow android#
You will never before have felt so in control of your personal finances.īeing web-based, rather than being stuck on one computer like traditional software, you can access Xero from home, work and even on your mobile smartphone such as an iPhone and Android device. This allows us to help you plan ahead and make the most of your money.
This means that, as your advisors, we can see the true picture of your finances and spending habits, and help you stay on track. You can also invite people you trust, such as your spouse, accountant or other financial advisor, to access your Xero reports for free. If you are concerned about security, Xero protects your financial data with 128-bit SSL encryption, the same as online banking. Xero Cashbook categorises your spending and saving, so you can tell whether your money is being used for essentials or you’re splashing out on other things. This is precisely what a lot of people have been waiting for.Īn easy way to track and control your finances. This also organises a view of all your bank accounts and cards in one place. It analyses and categorises all your electronic transactions to give you a snapshot of your complete financial position in an instant.
#Personal cashflow software#
It’s the non-GST version of the Xero software used by businesses. What that means, is that this data is available to be analysed, on a societal basis, industry basis, business basis and … a personal basis.Īnd that’s where a brilliant tool comes into play: Xero Cashbook We have now reached a point for the first time in history where more money is exchanged electronically than through cash transactions. In this information age and electronic era, many of us use credit cards, debit cards and EFT when buying things. Once you can objectively see exactly how your lifestyle and your habits that is, you are spending your money each year, and month-to-month as you go, you then have the power to make decisions on where you can change your spending (and saving!) habits. That is very true when it comes to your personal finances. Our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Imagine the clarity you’d get if you knew exactly how much you have spent and what percentage of your income is going on the various areas including mortgage/rent, vehicles, groceries, schooling/education, eating out, entertaining, mobile phones and internet, medical and pharmaceutical, and so on. Well … and here’s the good news … what if a piece of software could track and categorise what you spent your money on, but it involved very little effort by you? The benefits of doing so are obvious to anyone, yet the discipline to keep all your receipts, enter the information into a program like Quicken Personal or MS Money (or just to write it into a paper ledger), and keep that going consistently over time is beyond most of us. Yet keeping track of what you spend your money on, for many, is too hard, too laborious. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. Micawber says to Copperfield, Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness.
There’s a great quote from Charles Dickens, David Copperfield where the character Mr. And the good news is, now there’s a simple solution. Have you ever found that the month lasts longer than the money? Or have you ever got your tax return and looked at all the money you have earned over the past 12 months and then thought, Where has it all gone? It is said, Money talks, but for many, all it ever says is, Good-bye. Even if a person works only 40 years, at average earnings, that’s a lot of money. With the ageing population and many Baby Boomers now continuing to work, at least on a part-time basis, past the traditional retirement age, people are working more years than ever. Yet many people struggle financially and live from paycheque to paycheque. Most people will quite literally earn millions of dollars in their lifetime. WHERE DID IT GO?: TAKING THE MYSTERY (AND PAIN) OUT OF MANAGING YOUR MONEY