In 2014 when we started to integrate with QuickBooks, it was a big deal for the craft community. As a small tech startup bringing “big tech” functionality to craft brewers, this integration added a level of functionality that was unparalleled at the time for the price. Now, in 2019 we’re is doing it again, this time with Xero. This seamless direct integration comes at no additional cost and will reduce the amount of time users have to spend on accounting work. Added benefits of the integration include: reduction of double-entry accounting, streamlined communication, a simplified way to view and report financial data, and a more straight forward way to collect tax information.
The largest area users, such as Bookkeepers and Controllers, will see a benefit with the reduction in need for double-entry in both Ekos and Xero.
While they are working in Ekos, creating invoices and ordering ingredients all the numbers will sync to their Xero account, creating a seamless user experience.
This direct integration will now also help streamline communication with accountants. Rather than having to email documents back and forth, if your Bookkeeper has access to your Xero account, they can see all the data that syncs over from Ekos. This helps reduce time and extra communication, while keeping everyone on the same page.
Another added benefit is helping make sure you know the true cost of the products that are going out of your door. With our platform directly syncing to Xero you get real-time inventory cost accounting, helping you know the true price of making products. While spreadsheets and creating multiple entries for keeping track of data might have worked in the past, syncing Xero and Ekos makes growing and scaling easier. As a lot of decisions are made around how time is spent or what a products are most profitable, having this data easily accessible can be a huge help when it’s time for you to make important business decisions.
“Users who sync with Xero will have an easier time when tax season rolls around.”
Our reporting functionality for tax documents such as the Brewers Report of Operations and the Report of Wine Premises Operations will also prove helpful when reporting to other tax entities. With all your numbers syncing between the two systems Ekos users won’t have to hunt for where information on things like inventory or batches are stored. For those with strict compliance guidelines this also adds a layer of protection and clarity to their numbers.
This direct integration with Xero continues our goal of empowering the craft producer to make more by streamlining their processes. With Xero being the choice of accounting platform for a large amount of our international clients this release brings a level of functionality for a cost that makes it within reach of any business. Through reducing the need for double-entry, streamlining communication, making data easily accessible, and creating a simplified way to collect tax information this integration will be very beneficial for Xero users who are also using Ekos.
Interested in learning more about the benefits of Ekos? Reach out to email@example.com.
Learn more about our integration partner – Xero.