Alex Hartley


Writing A Business Plan With Xero: A Comprehensive Guide

A business plan for a Start Up
Xero Helps Start-Ups Take Charge Of Their Finances


Welcome to JacRox, a brand division of Jack Ross Chartered Accountants in Manchester. We are dedicated to offering expert Xero services to a wide variety of clients, from sole traders to large corporations. If you are in need of state-of-the-art cloud accounting software, use the contact form on the right and one of our JacRox team will be in touch to discuss next steps.

Creating a well-defined business plan is essential for anyone looking to start or scale a business. This plan is a strategic guide, providing a roadmap for your business journey from inception to profitability. The good news is that Xero, a cloud-based accounting software, offers many features that make creating a business plan more effortless and efficient. This article explains how to write a detailed business plan using Xero’s accounting software.

The importance of a business plan

The need for planning

A business plan is not just a document; it is an operational and strategic guide that outlines your business objectives, market strategies and financial goals. It is a tool to help you secure investments and loans and guide your team on your business journey.

Why Xero is your ideal partner

Xero stands out as an accounting tool that provides real-time financial data, which can be instrumental in creating an agile and responsive business plan. With up-to-date figures at your fingertips, you can ensure that your business plan is robust and adaptable, reflecting current market trends and financial realities.

Critical components of a good business plan

Essential sections

A comprehensive business plan should include an executive summary, market analysis, organisational structure, product or service line, sales and marketing strategies and financial projections. Data-driven insights can lend credibility to each of these sections.

The role of Xero in creating your plan

Xero makes it easy to write the financial part of your business plan. You can directly download your financial data, including cash flow forecasts, balance sheets and profit and loss statements, from the Xero dashboard. This ensures that your financial projections are based on actual data.

Use The Features Of Xero For Your Business Plan

Dashboard analytics for real insight

The Xero dashboard provides a comprehensive at-a-glance view of your company’s financial health. From sales trends to cash flow status, the dashboard’s analytics can provide invaluable insights into your business plan.

Financial forecasting capabilities

Financial forecasting is an essential element of any business plan, and Xero provides a robust set of tools for this. You can create multiple financial scenarios to prepare for different eventualities, making your business plan a document and a strategic tool for growth and stability.

The Jack Ross Team has been an absolute delight. Professional, nice and fast during the Audit procedure. Thank you Jack Ross Team.

Very good service from the Jack Ross Team. They gave us good advice and completed a very efficient audit. They have a friendly and competent team. I would surely recommend them.

Brilliant service from the Jack Ross team in setting up several companies in very quick time, along with providing associated accountancy advice. Can recommend wholeheartedly as a leading accountancy practice with a can-do attitude.

Dan Gazzard 25/02/2022

First class service for many years from a first class team. Highly recommended. Prompt, commercially aware, personable.

Been using Jack Ross for a number of years. Good clear advice and nice people to do business with.

Jack Ross is based in Manchester and provides tax planning and Xero accounts. They are a long-standing and well-regarded firm with an excellent reputation. They provide their clients with exceptional service and a wealth of advice. I have no hesitation in using their professional services.

aj shelton 22/12/2021

Jack Ross has been my accountants since I set up my business in 2016. From the outset I was helped with advice, support and encouragement. I cannot commend them highly enough. Always on hand to answer any question and responsive to any changes in the economy which might concern their clients. I don’t have to worry about the financial side of my business as all of that is taken care of and dealt with by Umar and the brilliant team. If you are looking for a top class accountancy firm which maintains the personal touch they are for you!

I would recommend this account, knowledgable and helpful

syra bano 16/11/2019

I can confidently recommend Jack Ross Accountants. They are continually improving their service, greatly benefiting our company as well as me personally. The team at Jack Ross have helped suggest and set up innovative accounting software, adding training and support. This alone has been a massive step towards having more control and understanding of our company finances.

J 13/08/2018

We have enjoyed a solid and constructive relationship with JackRoss and Can highly recommend them for accountancy services.

We have been working with Jack Ross for over two years and the service has been fantastic. They have a great and knowledgable team who have taken good care of us and our accounts.

Meeting to review annual accounts and discuss future plans. Very productive as they definitely talk my language - on reflection probably the best such meeting in recent years. Many thanks Umar and Jamie

Jack Ross has serviced my Personal Tax requirements for the last 5 years. During some complicated challenges their advice was excellent and the customer service second to none and left me with no doubt all was in hand.

Following a recommendation, I have used Jack Ross for all my accounting needs (including payroll) since the inception of my business over 12 years ago. The relationship has been completely hassle free and I greatly value their service, which goes well beyond preparation of accounts. Their tax planning advice has been really helpful and I have always felt that they have ‘got my back’. Can’t recommend them enough.

We have finally found the Accountancy firm that we have been looking for! We switched over to Jack Ross towards the end of last year and from the very first contact to the recent submission of our end of year accounts the service provided has been fantastic and has easily exceeded our expectations. Thank you!

oliver kirk 22/03/2018

Excellent service; very helpful people and work done much quicker than I expected.

Paul Clark 29/09/2017

I have used Jack Ross as my accountants for a number of years. Their service is professional and accurate. They deal with queries promptly and I can always get hold of the person I need to speak to. Their digital product has made a big difference to the efficiency of my business. I would not hesitate to recommend them.

Benjamin 22/02/2017

Jack Ross have been my family and business accountants and financial advisors for over 50 years. The delivery of services is second to none and i would recommend them to anyone. We have also built up great friendships over the years, above and beyond that of a normal business relationship which i value greatly.

Rob Cowan 22/02/2017

We have been looked after by jack Ross for a number of years. They have given us fantastic tax advise and helped our company grow from strength to strength. A & f

Fee Munshi 16/02/2017

Excellent advice and an understandable explanation of a very complex area of tax and corporate law which other (so called) advisors managed to totally confuse me. Thank you.

I have had a relationship with Jack Ross for several years and continue to be impressed by the proactive support and diligent advice received across the breadth of the firm. Excellent at signposting.

Holly Jones 14/02/2017

Jack Ross have acted for our law company for over 5 years and have been professional, prompt, and knowledgable in all aspects of our dealing with them.

Connecting With Advisors For Collaborative Planning

Why you should involve an accountant

While Xero provides a wealth of tools, the expertise of an accountant or financial advisor can add an extra layer of depth to your business plan. They can help you interpret Xero’s data and translate it into actionable insights for your plan.

Get in touch with JacRox using the contact form below and one of our Xero specialists will help you start your Xero journey. 

Xero’s pricing and specialist business plan services

Xero offers a range of pricing plans to suit businesses of all sizes and stages. Xero offers specialised business plan services for those seeking additional support and expert guidance through every step of the planning process.

The Bottom Line: The Xero Business Planning Advantage

There are many benefits to using Xero for your business plan. From real-time financial data to robust forecasting tools, Xero provides the information and functionality you need to create a dynamic, actionable business plan. The cloud-based system ensures that you can access your financial data anytime, anywhere, making it easier to keep your plan up to date.

Whether you are a start-up looking for initial investment or an established business looking to expand, a business plan supported by Xero’s accounting features is an excellent way to pave the way for success. Use Xero’s features to transform your business plan from a simple document into a strategic asset for your business.
By integrating Xero into your planning process, you will equip your business with a powerful tool to help you navigate the complexities of the business world. Start writing your business plan with Xero today and set your business on the road to success.

Alex Hartley
A smiling woman sitting at a table with a laptop.
Call back form

Speak to a Xero Expert Today!

Take advantage of harnessing the full potential of Xero for your business. Whether you're a start-up, a thriving SME, or a larger enterprise, our Xero-certified accountants are ready to guide you through every step. Please fill out the form below, and let's begin your financial transformation.

Request a Call Back Now to get access to Xero experts 

Writing a business plan with Xero helps small business owners create a comprehensive and up-to-date plan easily accessible in the cloud. It provides financial and forecasting functions such as budgeting, analysing trends, identifying weaknesses and setting targets. Xero also offers scenario planning, which can be used to download vital financial data for long-term planning.

Using Xero to write your business plan, you can access all your financial information in the cloud. This makes it easier to keep your business ideas up-to-date and relevant while giving potential investors or lenders a clear picture of the finances behind your idea. You’ll also get a dashboard so you can track performance data in real-time, as well as flexible (scenario) tools so you can forecast different scenarios.

You should consider what type of customers you have (e.g. small businesses), what suppliers you use, whether there is competition that could help or hinder your progress, and how much money you need to get started. It’s also essential to easily track projections over five years and assess any weaknesses or strengths compared to the competition.

We were instantly impressed with their approach to accountancy

Mark Moppet | Managing Director

JacRox is transformational, saving us hours a week in mundane tasks, making life easier.

Duncan Ogilvie | Managing Director

On every occasion we’ve sent an enquiry they’ve been straight back to us with an answer

Paul Mulderrig | Managing Director

Providing an
outstanding client

Xero businesses we’ve helped achieve great things

Call back form

Speak to a Xero Expert Today!

Take advantage of harnessing the full potential of Xero for your business. Whether you're a start-up, a thriving SME, or a larger enterprise, our Xero-certified accountants are ready to guide you through every step. Please fill out the form below, and let's begin your financial transformation.

Request a Call Back Now to get access to Xero experts 

Get a Personal Consultation


Jack Ross Chartered Accountants, Barnfield House, The Approach, Manchester, M3 7BX

Open Hours

Monday-Friday 8:30 am - 5 pm

Related Articles