Xero is a cloud-based accounting software program that's widely used by small and medium-sized businesses around the world. One of the key benefits of using Xero is the ability to collaborate with your accountant or bookkeeper to manage your finances more effectively. However, many people wonder whether their accountant can access their Xero account and what this means for their financial data. In this article, we'll explore whether your accountant can access your Xero account and what you need to know about sharing access.
Understanding Xero Access Levels
Before we dive into the question of whether your accountant can access your Xero account, let's take a moment to understand how Xero access levels work. Xero offers several different levels of access to the program, including standard user, advisor, and administrator. Standard users can access and manage their own financial data, but they can't access other users' data. Advisors have access to view and manage the financial data of the businesses they work with, but they can't access other advisors' data. Administrators have access to all data and can manage user access levels.
Granting Access to Your Accountant
If you want to grant your accountant access to your Xero account, you'll need to assign them the role of advisor. This will allow them to view and manage your financial data, but it won't give them access to other advisors' data. To assign your accountant the role of advisor, simply log in to your Xero account and navigate to the "Users" section. From there, you can add your accountant's email address and assign them the advisor role.
It's important to note that when you grant your accountant access to your Xero account, they'll be able to view and manage your financial data. This includes sensitive information like bank account details and customer information. It's essential to only grant access to trusted individuals and to revoke access when it's no longer needed.
Working with a Professional Accounting Firm
If you're concerned about granting access to your Xero account, working with a professional accounting firm like Accounting Supports can be beneficial. Our team of experts includes Xero-certified advisors who can provide guidance and support on all aspects of Xero. We can help you manage your financial data and collaborate with your accountant or bookkeeper more effectively, while ensuring that your financial records are accurate and up-to-date.
In conclusion, your accountant can access your Xero account if you grant them the role of advisor. This allows them to view and manage your financial data, but it's important to only grant access to trusted individuals and to revoke access when it's no longer needed. Working with a professional accounting firm like Accounting Supports can be beneficial in managing your financial data and collaborating with your accountant or bookkeeper.