As an accountant, I understand the importance of keeping your financial data safe and secure. Online accounting systems like Xero have become popular because of their convenience and accessibility. However, with this convenience comes the risk of security threats. Hackers can easily gain access to your financial data if you do not take adequate security measures.

One of the most effective security measures is two-factor authentication (2FA). This means that in addition to your password, you will need to provide a second factor of authentication, such as a code sent to your phone, to log in. While it may take a few extra seconds to set up and use 2FA, the added security is well worth the effort.

Alternatively, you can also use authentication apps such as Google Authenticator or Authy. These apps generate a one-time code that you need to enter when logging into your Xero account. These apps are more secure than SMS codes because they are not vulnerable to SIM swapping attacks.

I understand that many businesses – especially small businesses – are time-poor and may not take the time to set up 2FA or authentication apps. I have seen the negative outcome that happens however when security is compromised.

Take the time to prioritise your security and set up these measures. Not only will it protect your financial data, but it will also give you peace of mind knowing that your data is secure.

Please let me know if you need assistance with keeping your online accounting system secure. Using 2FA or authentication apps like Google Authenticator or Authy is an effective way to protect your online accounting system like Xero from potential security threats. The extra time it takes to set up these measures is well worth the added security they provide.