Umar Memon


Lack of Funds Holding Back Start-Ups? Use Xero

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

Introduction: The Financial Struggles of Small Firms

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.

Starting a new business is an exciting venture, but it often comes with financial hurdles. According to a recent survey, lack of funds is one of the main disadvantages holding back start-ups. In this Xero blog, we explore how Xero can be a game-changer for small businesses and startups facing financial constraints.

Why Small Businesses Struggle Financially

Limited Access to Bank Loans

Getting a bank loan is often time-consuming and requires a solid business plan, something many new entrepreneurs may not have.

Unfavourable Payment Terms with Suppliers

Negotiating favourable payment terms is a common pitfall for small business owners, affecting cash flow and overall business costs.

The Pandemic’s Impact

The pandemic has exacerbated the financial struggles of many small businesses globally, affecting profitability and resilience.

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.

How Xero Can Help

Real-Time Accounting

One of Xero’s key differentiators is its real-time accounting capabilities, allowing you to monitor your financials on-the-go.

Efficient Invoicing

Xero simplifies the invoice process, making it easier than ever to bill clients and receive payments, thus improving cash flow.

Bookkeeping Made Simple

Outsourcing bookkeeping can be costly. Xero offers a more affordable way to keep track of your outgoings and incomings.

Xero UK: Tailored for Local Businesses

Xero UK understands the unique challenges that small firms in the UK face, from stringent licensing requirements to local tax laws. The software is designed to accommodate these specific needs.

Why Choose Xero?


Xero offers various pricing options, making it a lower risk alternative to traditional bank loans for business funding.


Whether you run a retail business, an online business, or any other type of business, Xero is adaptable to your accounting needs.

Expert Consultation

If you need help, contact one of our JacRox specialists today using our online contact form on the right of this article. 

A Final Word: Accelerate Your Business Growth with Xero

Facing financial constraints should not be a disadvantage that holds you back from achieving your business dreams. Xero provides an affordable, efficient, and versatile accounting solution to help you manage your business finances and accelerate your growth.

Umar Memon
A smiling woman sitting at a table with a laptop.
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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 

Xero UK is an accounting software designed to help start-up businesses manage their finances, including invoices and payment terms. It has all the features necessary to run a business, such as invoice creation and tracking, bank accounts, integrations with other services, digital marketing tools, and the ability to create a business plan.

Using Xero UK can make it easier for start-ups to handle their finances since it is an all-in-one solution that provides business owners with features such as real-time data insights into their financial performance, integrations with other services, automated payments and invoicing, online banking options, and more. Additionally, its affordability makes it ideal for those on a budget.

The main disadvantage of using Xero UK is that you may have fewer options when it comes to customizing your payment terms or personalizing your invoices. However, this could be beneficial if you’re looking for a straightforward solution without added complexity or costs.

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 

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