3 years on since changing to Cloud Based Accounting – Meet Club Treasurer Nick Banks

It’s seems a long time since the Club moved from Sage to Xero ‘Cloud based’ accounting. The revolution started 3 years ago when current Club treasurer Nick Banks joined the Club Executive.

Nick has been a Partner at Scrutton Bland since 2004 and worked for the firm
since 1993.  He is a business accounts expert bringing his wealth of experience to the Club whilst mentoring Club GM Andy Yorke.

Xero is easier to use for our Finance Administrator (Cheryl) who posts the transactions pulled direct from our bank feeds into 1 of the 400+ nominal codes.
Each month, with the support of Scrutton Bland, work starts on the month end accounts  and we usually aim to complete within 1-2 weeks.  
The accounts include ‘monthly’ and ‘year to date’ performance against budgets.  With 2017/2018 and shortly 2019 figures on hand ‘year on year’ comparisons are also a breeze.  With Xero accounting and our epos till system providing live ‘up to the minute’ data the club can quickly assess the impact of increased costs, one off purchases and monitor daily Club revenues…..