What Is Xero Accounting Software?
Xero is a cloud-based accounting software that connects banks, accountants, management, and advisors from anywhere with any device with an active internet connection.
Xero performs all accounting tasks from preparing ledgers, accounts receivable, accounts payable, financial statements to the management of payroll, taxation, bank reconciliation, and inventory.
Xero is designed to simplify business tasks such as paying bills, managing expense claims, creating invoices and more.
Xero stores customer data on Amazon Web Services (AWS), a third-party data hosting provider with servers located all over the world.
Do I Need To Backup Xero Data?
Yes, it is necessary to backup your Xero accounting data. Xero themselves make this very clear in their terms of service - “Data loss: Data loss is an unavoidable risk when using any technology. You’re responsible for maintaining copies of your data entered into our services."
"No compensation: Whatever the cause of any downtime, access issues or data loss, your only recourse is to discontinue using our services.”
While Xero has security measures in place to protect your data, it is still important to have a backup of your data in case of any unexpected events such as data loss, cyber threats or corruption.
How Can I Backup My Xero Data?
You can do manual data exports directly from within your Xero application or you can use a secure, automated cloud to cloud backup solution to do daily backups.
Server Guru IT Support partnered with UK backup giant Redstor to provide a cloud to cloud backup solution right here in Australia for Australian businesses.
How it works:
Xero Cloud Backup is a cloud-based tool for backing up and restoring organisations using Xero.
Protect your business critical Xero-based accounting data against human error and other disasters with Redstor and gain peace of mind that you have a copy outside of Xero.
Ignoring the need for a third-party backup is a major gamble. Xero’s own Services Agreement states: “You must maintain copies of all data inputted into the service. Xero expressly excludes liability for any loss of data no matter how caused.”
Why you need third-party backup? Xero will do an excellent job keeping your data safe, but it can’t help if the problem originated from within your organisation. For example:
- A new employee has deleted data in error or imported transactions wrongly.
- A disgruntled employee has wreaked havoc, sabotaging files and deleting contacts.
- An app you were trialing has pushed unwanted data into your accounting records or drastically altered contact details, records about deals or company data.
Our Xero backup solution connects to Xero via secure API to retrieve data and is then send to secure data centers in Australia. Backup data is protected via bank grade encryption.
Automated backups of the following is supported:
- Assets (including draft, disposed and registered assets)
- Asset types
- Asset settings
- Batch payments
- Branding themes
- Bank transactions
- Bank transfers
- Contact groups
- Credit notes
- Expense claims
- File associations
- Invoice reminders
- Linked transactions
- Manual journals
- Organisation settings
- Project tasks
- Project time entries
- Projects users
- Purchase orders
- Repeating invoices
- Tax rates
- Tracking categories
Want more info on our Xero Backup Solution?
Get in touch via our contact form below and we will get back to you.
Need to Backup Microsoft 365 data? Read more about our Microsoft 365 Cloud Backup Solution