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Global: Enhancements to new invoicing [Product Idea ] You’ll love the time-saving enhancements we have made to new invoicing this month. Malaysia: Enhancements to e-Invoicing Great news! We’ve updated Xeros e-Invoicing functionality to meet the latest Malaysian government requirements.
You can drill down into the General Ledger Detail report , choose which accounts to show, customise columns and more. Xero Accounting app: The invoice list view has been refreshed with a new design , to help you find the information you need quickly and make the app more accessible.
Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. Make sure to check them out, as well as our other exhibitors, as you explore Xerocon 2023.
New customers default to new invoicing New Xero customers will now be directed to new invoicing as their default experience. They can switch to the old ‘Classic invoicing’ experience at any time. Chart of Accounts template available globally The Xero HQ CoA template is now available for advisors globally.
Our leadership team — including new Chief Product Officer, Diya Jolly — shared the latest enhancements to our platform that will help accountants and bookkeepers grow their practice, help their clients succeed, and get the most out of Xero. The post Product wrap from Xerocon Sydney 2023 appeared first on Xero Blog.
This gives the account a different display name on reports and helps you enjoy better reporting from the start. Send direct debit mandates in Xero We’ve updated GoCardless in Xero so you can send direct debit agreements (mandates) to customers directly from Xero, without the need to send an invoice.
The post Highlights from Xero’s 2023 hackathon appeared first on Xero Blog. Many of these are now live, or will be released in the coming months. Here are just a few of the highlights. Our teams constantly raise the bar on delivering the best experience for our customers and partners every day, so they can get back to doing what they love.
Accountex – the leading accounting and finance event in the UK and Europe – is heading down under next month for the first time ever. For anyone looking to grow their firm in 2023, this’ll be one session not to miss. The post Xero is heading to Accountex Australia 2023 – join us there! Have you heard the news?
Our team hit the ground running in 2023, introducing a number of exciting features to new reports that we know you’ve been waiting for — including the addition of foreign currency to new reports. Don’t forget, the older versions of our reports will be retired on 31 July 2023. Here’s a sneak peek into our plans.
Here are the five that we think small businesses should have their eye on in 2023 so they can prepare, lead and advance their businesses for tomorrow. 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.
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. This includes your contacts, your inventory items, and accounts in your Chart of Accounts. This change will impact all Singapore businesses that file GST.
As a result, businesses are increasingly automating their accounts payable process to increase efficiency going into 2023. Read on to find out about the top accounts payable trends for 2023 that are aimed at preparing your AP team for survival in the mid-term and success in the longer term.
They’re taking on the difficult task of selecting our winners for the 12 accountant, bookkeeper and app partner award categories. She runs a slick operation at de Jong Phillips and is living proof that the future of the accountancy industry can be flexible and inclusive, while still ensuring that excellent client service remains at the core.
Recent research by our partner Airwallex shows that 70% of UK SMEs plan to expand into foreign markets in 2023. You can use it to: Send invoices, quotes and purchase orders. Set up foreign exchange bank accounts and bank feeds. By connecting your Xero account to Airwallex , you can extend these capabilities further. . “If
Managing invoices in financial services is no walk in the park. It’s not just about sending an invoice; it’s about doing it with precision, ensuring compliance, and, of course, making a good impression on clients who expect absolute professionalism. billion in 2023 to a whopping $18.08 billion by 2032.
This year’s US Roadshows were nothing short of inspiring, with accounting, bookkeeping and app partners showing up from all over the country to attend our events in Austin, Atlanta and Los Angeles. We have two invoicing experiences in Xero right now: the older version (known as ‘classic’ invoicing) and ‘new’ invoicing.
Fast-forward to 2023 and small businesses are finding it much harder to make a sale. days late in March 2023. days in June 2023. days respectively in June 2023. When issuing invoices make sure it is really easy for your customers to pay you by offering multiple options. higher in Canada. y/y and 7.6% y/y and 7.6%
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. The invoice list in the Xero Accounting app (Android only) is being refreshed, making it easier for you to view and find information about your business.
The team at EOG Accounting , a solely Xero practice based in North Wales, understands the need to meet business targets, but also to make a positive impact whenever possible. . We speak with Rhys Edwards, founder of EOG Accounting, to learn more. . Which is to try to do some good on this planet before we leave it. . Embracing values.
What an incredible day it was, meeting the more than 750 accountants and bookkeepers who showed up to engage with the community, share their knowledge and expertise. Adopt cloud accounting. While many Singaporean accountants and bookkeepers have already begun riding this wave with their clients, some have yet to take this first step.
In August 2024, AvidXchange surveyed 500 accounting and finance leaders to learn their top priorities and concerns for 2025. Fifty-five percent of respondents indicated that automating workflows within the accounting team is a top priority for the coming year.
Plan & Evaluate 1) Authenticated, in-console AWS Pricing Calculator : for those of you who want to estimate cost impact of resource changes, such as migrating to a new region, adding or removing resources to existing workloads, you can now log into AWS Pricing Calculator with your account information. Reserved Instances, Savings Plans).
This means you won’t be able to use them from 31 July 2023. Based on customer feedback, we’ve now enabled Quotes and Purchase Orders to be added to the Receivable and Payable Invoice (Detail and Summary) reports from a checkbox within the ‘More’ button. Edit fields on an invoice after payment — Global. New features.
Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.
It’s often said that (almost) no one goes into business to do their own accounting. For those on the Xero platform, collaborating with your accountant or bookkeeper is simple via the cloud. EOFY 2023). Under ‘Files,’ you’ll find existing folders titled ‘Inbox’ and ‘Contracts.’
You won’t be able to use the older versions of our reports from 31 July 2023. We’ve added a new feature to the layout editor, so you can set up grouping rules based on account codes. This means any new account that fits the rules criteria will be automatically shown in the right section of the report.
Thankfully, Candice outlines her incredible relationship with her accountant, who has made adapting to this change easy. My number one piece of advice is find yourself an accountant or bookkeeper to work with. I’m very close to my accountant and we probably wouldn’t have survived the pandemic without their support.” .
Current accounts payable purposes and processes Accounts Payable or AP as it is also known, is a term used to describe the means of money being owed by a business to it’s suppliers for goods and services provided. An Accounts Payable (AP) department within a business might be made of a single individual to many tens of people.
In 2023, generative AI tools can generate poems, short stories and complex legal and medical documents in a matter of seconds. The ISSB standards could very well bring in a new era of compliance and become the basis of accounting standards in 2024.
You won’t be able to use the older versions of our reports from 31 July 2023. Search and view tax rates in new invoicing — Global. US and Canadian customers can now search and view the numeric tax rate in new invoicing, rather than just the tax rate name. We’ve introduced bar charts to the Top Customers and Top Vendors reports.
Are accounts payable (AP) professionals happy at work? The 2024 AP Career Satisfaction Survey found that 51% of AP professionals now work in hybrid in-office/remote environments, up from 42% in 2023. Only 30% of AP pros reported working entirely in the office, down from 39% in 2023. Where do you currently work?
In fact, the United States Postal Service (USPS) issued a warning in 2023 urging Americans to stop mailing checks unless they’re dropped off inside the post office because of rising check fraud. Businesses can get paid faster with ePayments. Additionally, ePayments can be more reliable and secure, making them appealing to businesses.
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.
Maximizing your tax return from 2023 requires some careful pre-planning and strategic decision making throughout the year. Contribute to RRSP or TFSA Accounts: A good strategy to lower your taxable income before tax season is to start contributing to a RRSP. Another account to contribute to to reduce your tax liability is a TFSA.
None more so than you all — our valued accounting and bookkeeping partners — who have helped your clients navigate a digital acceleration and shift their business models to survive (and thrive). . the option to automatically group accounts according to their account code. Getting quick access to answers in Xero.
Intuit Assist is available to customers now, with enhancements rolling out in the coming months for the 2023 tax season. Take the example of a member who has connected their accounts, lives paycheck to paycheck, and has an unexpected expense, such as a car breakdown costing them hundreds of dollars. More information is available here.
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. We’re now giving you two ways to make adjustments in the Xero Accounting app: bank fees and minor adjustments.
Payment and Accounts Payable Trends for Healthcare in 2023 In order to deal with healthcare AP challenges , today’s medical practices must find ways to cut costs without affecting patient care quality. Last year, invoice processing challenges/delays was the #1 AP challenge stemming from supply chain disruptions.
Keep reading to learn about these top challenges facing CFOs in 2023, as well as the steps leaders should take to prepare their organization and AP team for success. Recession Deloitte recently found that there is a 35% likelihood that the US falls into a recession during 2023.
In this digital world, QuickBooks is a comprehensive bookkeeping and accounting software that is helping numerous businesses to smoothly record their finances. QuickBooks accounting software is highly popular and loaded with numerous features – from bank integration to bookkeeping services.
From expense tracking and reporting to invoice generation , this tool provides businesses with a one-stop solution for managing expenses efficiently. Automation Capabilities: Automate recurring invoices and payments, saving time and reducing errors. It can lead to better job satisfaction and better morale. month (Billed annually) $ 7.99/month
Statistics say that in 2023 alone, the global accounts receivable automation market was valued at $3.81 Managing your business Accounts receivable and payable is tough! With a number of invoices, pending payments, and a lot of reconciliations, it can really stress you more than anything else. from 2024 to 2030.
Scanning & processing documents such as invoices, receipts, and images for valuable data has traditionally been a manual process fraught with errors and delays. Nanonets Nanonets is an AI-based OCR software that automates data capture for intelligent document processing of invoices , receipts, ID cards and more.
As the global e-invoicing market is expected to grow from USD 4.79 billion in 2023 to USD 29.29 billion in 2031 at a CAGR of 25.40% , the demand for multi-currency accounting software is rising. 10 Best Multi-Currency Accounting Software 1. 10 Best Multi-Currency Accounting Software 1.
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