Taxes and Accounting

Tame the taxes with tools and tech

Learn how looking to the cloud can help automate and save time during tax season.

Published: February 28, 2019

Reduce the paper chase with cloud-based technologies

Small businesses can generate a lot of paperwork throughout the year so when tax season comes around, it can be difficult to get everything in order. That’s where cloud-based technologies can help. These online solutions significantly reduce paperwork to help run your business more efficiently. That’s because digital documents are simpler, easier to manage and instantly accessible. In addition, since all your financial data is centrally stored, it can be easier to share information with your accountant or bookkeeper.

Apply strong passwords and closely monitor permissions to limit access

Seemingly every day, we read of the latest data breach. Keep your business data secure with strong passwords that include a combination of uppercase and lowercase letters, numbers and symbols. Also implement two-step authentication and regularly update your passwords to add an extra layer of security.

Enable collaboration among key employees

If you're a business owner using Xero’s online accounting software, you have the flexibility to invite unlimited users into your account. Reference this table to determine the best user role and permissions – then give your staff access to the areas they need in order to do their job.

Also, you can list your accountant or bookkeeper as an Advisor so that you can collaborate in real-time throughout the year, and simply send files directly through Xero.

Learn more about the benefits of Xero’s online accounting software. As a valued Wells Fargo customer, you can save 50% on Xero for 12 months when you sign up today.

Xero accounting software is offered by Xero Limited. Wells Fargo doesn't own or operate Xero website. Xero is solely responsible for its content, product offerings, privacy and security. Please refer to Xero's terms of use and privacy policy, which are located on Xero's website and are administered by Xero.