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We’re kicking off the new year with some exciting Xero updates designed to address some of the enhancements youve been asking for, and make things more automated to save you time. Global: Enhancements to new invoicing [Product Idea ] You’ll love the time-saving enhancements we have made to new invoicing this month.
If you’re a Xero partner, don’t forget to register for our upcoming quarterly product update , where our education team will walk you through a demo of all the latest releases, so you can maintain your advisor certification. Automatically add Xero contacts in Hubdoc — Global. Reimagine your Xero experience — Global.
Simplifying people processes with Xero and Planday. We were excited to launch a new beta trial of Xero Payroll plus Planday at Xerocon. We also showcased our recently-added start, end and break times functionality in the Xero Me app. Getting quick access to answers in Xero. Helping your clients avoid the cash flow crunch.
Cloud-based apps and tools, like those in the Xero App Store or wider Xero Ecosystem, have given small businesses the ability to use a combination of apps to build their own bespoke business engine. Fathom is a reporting, analysis and forecasting tool that has been a part of the Xero Ecosystem since 2012.
We’re excited to announce our official judging panel for the Xero Awards UK 2024. This year’s panel is made up of Xero leadership, as well as guest judges from the Xero community, including previous Xero Award-winners and industry leaders. She is an industry leader and an inspiration to many.
While we were busy connecting with our partners, Xero teams around the world were enhancing the features on our platform. Make adjustments in the Xero Accounting app — Global. Sometimes, there’s a discrepancy between what is received from the bank and the amount on the customer’s bill or invoice. New features.
In the 2022 budget announcement, Singapore’s Minister for Finance announced the GST rate will increase from 7% to 8% on 1 January 2023, and from 8% to 9% on 1 January 2024. Here’s what we’re doing to make it easy for you to manage this change in Xero. We’ll make the new 8% rate available in Xero by 9 December 2022.
It was an absolute privilege to speak at my very first Xero Singapore Roadshow last week – our first major in-person event in nearly three years. At Xero, we are committed to helping SMEs and their advisors grow and thrive. Direct filing of GST F5 returns with IRAS through Xero’s direct connection to the myTax portal.
I was also really excited about one of the reasons I was on stage — to unveil the early release of Xero Go , a new mobile app we’ve developed to help ease the burden of financial admin for sole traders in the UK. Xero Go subscribers have all the tools they need at their fingertips. With around 2.6 With around 2.6
What an incredible couple of days it’s been at Xerocon London, kicking off the product update with the launch of our exciting new product for sole traders, and watching as our teams share the latest tools and features in Xero. Introducing Xero Go for sole traders.
It’s likely many small businesses have a lot of capital tied up in receivables and inventory that they could turn into cash, something Waddle , a Xero company, and Commonwealth Bank of Australia (CommBank) are solving with Stream Working Capita l. The minimum value of nominated invoices is $15,000 per month.
Today, we were pleased to announce we’re extending the long-running Xero Small Business Insights program, and we will offer quarterly updates on the state of small business in Canada and the United States. days in March 2022, compared to an average of 25 days in 2021 and a pre-pandemic average of 27.1
It’d be great for your stress levels too, with less worrying about whether you can cover your overheads for the month and none of those awkward phone calls to chase overdue invoices. . A key reason is that most invoices tend to be paid by manual wire transfer or checks. You just send the link to your customer from your Xero account.
There is so much to see and do at Xerocon London 2022 , from entertaining activities to inspiring keynotes, that it can be hard to know where to start. The post Five breakout sessions you need to check out at Xerocon London 2022 appeared first on Xero Blog. Wellbeing: minding your business (Thur 21 July, 12.30pm).
If you’re one of our #XeroCertified partners, then you already know the benefit of being certified is that it’s proof to your clients that when you say you’re an expert in Xero — you really mean it! You also know that the quarterly product updates are a great way to stay informed about changes and how you can get the most out of Xero.
This year, more than 70 cutting edge app partners from the Xero App Store will be exhibiting at Xerocon Sydney. Here’s more about our Xerocon Sydney 2022 event partners. GoCardless makes it easy for you to collect one-off, or automated, bank payments for your Xeroinvoices. GoCardless.
Xerocon London is a great opportunity to hear the latest news and updates from the Xero community and get inspired by some fantastic speakers. This year more than 50 cutting edge app partners from the Xero App Store will be exhibiting at Xerocon. Check out Pleo in the Xero App Store. GoCardless.
Xerocon New Orleans is a unique opportunity to hear about the latest news and updates in the Xero community, get inspired by world-class keynote speakers, and connect with powerful apps, tools and services providers from across the accounting and small business industries. You can give the Gusto app a try from the Xero App Store.
Today, I am thrilled to launch part two of our Xero Small Business Insights special report Crunch: Cash flow challenges facing small businesses. And as this inflationary trend continues towards the end of 2022, pressure on small businesses is only going to mount. Seasonal slowdowns create cash flow uncertainty.
A version of this blog was originally published as part of HubSpot’s ‘State of Partner Ops and Programs 2022’ report – you can read the full report here. . I was excited to be asked to participate in HubSpot’s ‘State of Partner Ops and Programs 2022’ report. Indeed, Xero is a product-led growth company.
Financial services at Xero empower small businesses and their advisors to take control of their cash flow and financial future by providing trusted insights and services. While this was a positive step, one drawback was trying to navigate the longer payment terms of larger organisations and wait for invoices to be paid.
You’ll be affected by the second stage of MTD for VAT, from April 2022. Why hospitality business owners should choose Xero for MTD-compatible software. Xero is home to a vast library of app integrations and features that make running your hospitality business easier, every day.
Almost every digital interaction produces data: sending an email, downloading an invoice, searching for local suppliers, posting a status update — even turning on your connected car. Or you can use tools like e-invoicing to ease this burden if it’s available in your region. billion in 2022 to $46.6
For instance, suppliers to the public sector agencies in Australia are required to spend significant time getting set up on e-invoicing systems, for no easily apparent added benefit to the business. Sending out invoices generated in Word or Excel makes it harder to get at these valuable insights.
You could really feel the excitement and buzz in the air, and my team and I were thrilled to share the latest developments in Xero. Today, Xerocon attendees were treated to a sneak peek of our new document packs feature, coming soon to Xero HQ. . A new-look Job Manager in Xero Practice Manager. Coming soon: Document packs.
This is a guest post by Lara Mulady, Senior Content Strategist at Pleo – an end-to-end expense management solution that seamlessly integrates with Xero. . If you’re interested in Pleo, you can find more information on the Xero App Store. . Accounting has always been a careful balance of calculations and consulting.
As of April 2022, businesses below the £85,000 VAT threshold have been required to switch from paper-based records to filing their taxes digitally using HMRC-approved software. . You can also do cool things like automate invoice chasing or see a real-time view of where your money is going.”.
Do you want to know how to start a bookkeeping business or accounting firm in 2022? These elements are crucial in 2022 if you want to know how to start a bookkeeping business. Xero Practice Manager. It’s not as user-friendly as the options above but it’s extremely powerful and many Xero users swear by it.
Guest: Paul Barnhurst, The FP&A Guy; Corporate frauds go undetected; Xero lays off 800; IRS process had a 20X improvement, and more! Sponsors OnPay - [link] Relay - [link] Client Hub - [link] Need CPE?
QuickBooks Functioning as the best cloud-based accounting software for CPAs and accounting firms , QuickBooks provides real-time accessibility, elevated precision in reporting, automated invoicing, and the flexibility of customizable invoice templates.
For instance, if you upload invoices in bulk, the AI tool will let you predetermine the fields you want to extract, like vendor name, invoice date, and total amount. Smooth software integration: Nanonets can work with your current software like Xero, Sage, or Google Sheets. in 2018 to 3.8
The Importance of Accounts Reconciliation Companies handle a variety of finance-related documents, ranging from bank statements to invoices and payroll records. billion in 2022 to USD 8.09 Amidst this deluge of numbers and figures lies a crucial task: account reconciliation. billion by 2031.
Additionally, because employees document every aspect of their spending along with the invoices, it is simpler for finance managers to determine whether or not the expenses are accurate. Every employee is required to fill all their expenses from their receipts, bills, and invoices into the excel template. Check out integrations.
We’ve made a number of enhancements to the Xero platform in the last month, including updates to quotes, reporting, Xero Analytics Plus, WorkflowMax and more. Add folders to your invoices in WorkflowMax — Global. We’ve released new functionality that lets you send an invoice in WorkflowMax , based on the folders you’ve created.
Read on for more details about these and other product updates in Xero. We’ve made a number of enhancements to new reports in Xero over the past month. Don’t forget, we’re retiring the older versions of our reports in Xero, so you’ll need to start moving your work across to the new versions. New features.
eFileCabinet allows you to manage all your paper documents, emails, invoices, contracts, and other important information in one place. Captures data from documents automatically: Businesses have many documents like forms, invoices, receipts, orders, etc. Nanonets integrate with Xero, Quickbooks, SAP, etc. document scan.
Invoicing is one of the most critical parts of running a business or practice. That’s why we’re committed to providing you with a smart and simple way to create and send an invoice, so you can work more efficiently, get paid on time and give your customers a better experience. New Xero customers will default to new invoicing.
You can now add a Cash Summary report and Executive Summary to report templates in Xero HQ. When you select the figures in the ‘This month’ column on your accounts watchlist on the Xero dashboard, you’ll now be taken to the new version of the Account Transactions report. Other new features in Xero.
It has been an exciting, bumper month for Xero! In addition to the buzz of Xerocon London, we have had a number of product releases, including adding even more customisation and functionality to our new reports in Xero, and the early release of Xero Go for UK sole traders. Edit fields on an invoice after payment — Global.
According to TechNavio , the audit software market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 13.36% anticipated between 2022 and 2027. Integration with NetSuite, Quickbooks Online, Xero, and Sage Intacct. Pros: Zero-shot AI effectively captures data from documents from day one.
We announced a new strategic partnership with Avalara that will allow us to build a sales tax solution in Xero, so you can easily calculate sales tax on invoices, compile flexible, state-based reporting, and access Avalara’s trusted e-filing tools. Syncing BMO transactions to your Xero account.
This difficult task of making a sale is showing up clearly in the latest Xero Small Business Insights (XSBI) data, with sales growth slowing across all Australia, Canada, New Zealand, the UK and the US. Canada was the first country to start to see payment times move higher, in late 2021, followed by the US in mid-2022. Wages rose 3.1%
This includes new earnings categories in Xero Payroll to support Single Touch Payroll (STP) Phase 2 in Australia, as well as the launch of document packs in the UK to help advisors easily collate documents and get them electronically signed by clients. We’ve made a number of enhancements to new reports in Xero over the past month.
In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. So if you’re looking to improve your firm in 2022 and keep yourself on the cutting edge of accounting, you’ll love this new guide. And to be clear, this is not a predictions post.
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