How it works

What does Xenon Connect do, and how does it help?

The Xenon Connect process...

Analyse. Detect. Cleanse. Review.

Xero Data Sync

A connection is created between Xenon Connect and Xero which pulls in your bookkeeping data automatically every night, ensuring that Xenon Connect stays up to date with all transactional data.

Manual interim sync processes can be actioned at the click of a button.

Detect & Fix Errors & Issues

The Xenon Exact area automatically analyses every transaction in the background.

Any potential errors and issues found within your bookkeeping data are brought to your attention in the form of a Bookkeeping Health Checklist – allowing you to pinpoint where your time is best spent.

Insights & Alerts

Xenon Insights is a suite of 9 financial KPIs which highlight the current performance and position of the business.

An alert notification is created when various conditions surrounding the business financials require your attention.

Features...

Xenon Exact

Better quality bookkeeping data. Faster.

Screenshot of Xenon Connect's Xero Bookkeeping Health check Report

Xenon Exact bookkeeping data checks...

Xenon Connect’s Bookkeeping Data Checks analyse your business’s Xero data, automatically detect bookkeeping issues and help you to quickly fix them.

The result is accurate financial data that you can rely on as a basis for making better business decisions and for reducing the risk of a tax authority compliance review.

Unreconciled Bank Activity

Identify the number of bank transactions in Xero that require explaining, reconciling or both.

Duplicate Invoices

Identify customer invoices that have a high probability of having been duplicated in error.

Duplicate Bills

Identify supplier bills that have a high probability of having been duplicated in error.

Old Unpaid Invoices

Identify older invoices that should have already been paid by the customer.

Old Unpaid Bills

Identify older bills that should have already been paid to the supplier by the business.

Duplicate Contacts

Identify customers and suppliers in Xero that have a high probability of being added to the system more than once, in error.

Contact Defaults

Identify customers and suppliers in Xero that have at least one default account or tax code missing .

Unexpected Account Used

Identify transactions in Xero that have been coded to an account that is not the default account for the particular contact.

Inactive Contacts

Identify Xero contacts that have not been used for a long time, or at all.

Bill or Direct Payment

Identify bank payments that have been processed directly to an account code when an unpaid bill exists for the same supplier.

Invoice or Direct Payment

Identify bank deposits that have been processed directly to an account code when an unpaid invoice exists for the same customer.

Unexpected Tax Code Used

Identify transactions in Xero that have been given a tax code that is not the default tax code for the particular contact.

Unapproved Invoice

Identify customer invoices that have been created in Xero, but are marked with a status of “Draft” or “Submitted”.

Unapproved Bills

Identify supplier bills that have been created in Xero, but are marked with a status of “Draft” or “Submitted”.

Capital Item Review

Identify transactions in Xero that have been coded to a particular expense account even though the transaction’s value is high.

Low Cost Fixed Assets
Identify transactions in Xero that have been coded to an account of type “Fixed Asset” even though the transaction’s value is low.
Multi-Account Suppliers

Identify supplier contacts in Xero which have transactions that have been coded to more than one account code.

Multi Tax Code Suppliers

Identify supplier contacts in Xero which have transactions that have been coded to more than one tax code.

Xenon Insight

Monitor growth. Assess financial position. Avoid nasty surprises.

Xenon Insight key performance & position indicators...

Xenon Connect’s Insights allow you to monitor the 9 key performance and position indicators which form the lifeblood of the business.

The result is relevant figures throughout the year which reduce the risk of nasty surprises and provide the foundations for future growth planning.

Sales Tracker

Review actual monthly sales income against Xero budgets, automatic targets or manual targets.

Cash Health Check

Compare current cash and bank balances with short, medium and long-term expected outgoings.

Bookkeeping Health Check

Review a summary of the current Bookkeeping Health Check results.

Profitability

A graphical monthly comparison of Sales Income, Gross Profit and Net Profit figures.

Corporation Tax Estimate

An up to date estimate of the corporation tax liability in the current and previous 2 years.

Directors' Loan Accounts

Review of the current position of each director’s loan account, to avoid overdrawn loan accounts.

Business Valuation

An estimate of business valuation, based upon the chosen sales, profit or net asset based model.

Working Capital Cycle

A monthly comparison of the ability of the business to manage it’s cash flow position.

Dividend Availability

A review of the level of cumulative profit reserves available to be extracted as dividend.

Alert Notifications

Automatic. Timely. Portal & Email based.

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Automatic, timely, relevant financial alerts...

Get alerted within Xenon Connect and via regular update emails when something significant occurs or needs to occur.

Sales Target Achieved

Xenon Connect will keep an eye on your actual sales figure for the current month. Receive a notification when your actual sales figure exceeds your target sales figure.

VAT Registration Threshold

Xenon Connect detects if you are not yet VAT registered and informs you when the business’ taxable sales figure breaches (or is approaching) the current VAT registration threshold (UK).

Year End Accounts Reminders

Xenon Connect detects when your accounting year end is. Get notified when your year end is approaching so that you can make preparations to get your year end figures in order.

Ready to get started for free?

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'Xenon Connect - The Future'

‘A very useful, powerful add-on to identify matters requiring different levels of attention in Xero accounting files.

The client overall panorama is good as you can compare how different clients manage their accounts and can then drill down in specific areas.’

Sian Arnold C.FICB, ACIB of Insight Bookkeeping and Accounting Services Limited

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