Xero

NOVEMBER 30, 2022

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.

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XERO Bank Reconciliation Billing Invoicing 168

Xero

DECEMBER 1, 2022

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. By connecting your Xero account to Airwallex , you can extend these capabilities further. . Expense data and receipts are automatically pulled into Xero.

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XERO Reconciling Purchase Order Invoicing 216

Xero

NOVEMBER 23, 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.

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Xero

AUGUST 21, 2023

The limited preview of US auto sales tax Xero’s sales tax capabilities, powered by Avalara, will help you stay on top of what is a cumbersome sales tax process. Over time, we plan to expand this functionality across other areas of Xero. At our US Roadshows, we shared some of the latest updates to new invoicing.

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XERO Invoicing Reconciling Tax 181

Xero

MAY 24, 2023

For those on the Xero platform, collaborating with your accountant or bookkeeper is simple via the cloud. What Xero tip would you add to this list? Now, when you complete the transaction details under the ‘Create’ tab, Xero will populate similar transactions with the same information – without needing to refresh your screen.

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XERO Bank Reconciliation Data Entry Reconciling 216

Xero

JUNE 12, 2024

We’ve just kicked off day one of Xerocon London and I’m buzzing about all the new Xero products and features that we announced this morning! And Xero is making a big investment in the UK as part of its business strategy. And soon Just Ask Xero (JAX), our generative AI-powered smart business companion, will be here.

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XERO Payroll Bookkeeping Tax 210

Xero

FEBRUARY 15, 2023

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.

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Xero

MARCH 19, 2023

From devastating weather events to rising costs of living pressures, it’s been a hugely challenging start to 2023. Leverage tech to stay on top of your numbers There’s so much you can do on the Xero platform to help ease the pressures of running a small business. Xero Analytics is a tool to help you access this information.

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Xero

JANUARY 24, 2024

Late filing: if you’re late to file your GST, the penalty is $50 if you’re on the payments basis, and $250 if you’re on the invoice or hybrid basis Late payments: if you’re late to pay the amount you owe by one day, you’ll receive a penalty charge of 1% of the GST amount owed. Depending on the reason, the fines can be steep.

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XERO Record Keeping Invoicing Bookkeeping 220

Xero

JULY 11, 2024

billion in 2023.* The cost of late payments to small businesses has been estimated as the time value of the outstanding invoice value of all small and medium businesses in the UK. Shining a light on the late payment scandal appeared first on Xero Blog. Small businesses are the heroes of our economy. But it’s not.

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Billing XERO Invoicing 186

Xero

SEPTEMBER 7, 2022

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.

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XERO Payroll General Ledger Bank Reconciliation 241

Nanonets

JULY 14, 2024

If you're looking to streamline your invoicing, you're making a smart move that could save your company time and money. Many businesses face challenges with invoice processing —from data entry errors to delayed payments. Modern invoice management tools automate much of the process. Let's get started.

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Xero

OCTOBER 25, 2022

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. . Now, Xero is empowering EOG Accounting to offer customers affordable advisory services, as well as management accounts, cash flow forecasts and tax advice.

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XERO Accounting Accounting Bookkeeping 242

Xero

SEPTEMBER 1, 2022

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.

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XERO Payroll Data Entry Tax 204

Future Firm

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. For example, a bill includes all kinds of information such as the invoice date, due date, payment terms, nature of expense, supplier name, supplier address and more. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.

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Accounting Accounting Computation XERO 98

Xero

JANUARY 22, 2023

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.

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XERO Payroll Invoicing Accounts Payable 223

Xero

DECEMBER 13, 2023

In 2023, generative AI tools can generate poems, short stories and complex legal and medical documents in a matter of seconds. Xero small business customers can also find apps like Cogo , Ecologi and Greenly in the Xero App Store, allowing them to harness the data in their Xero ledger to measure and report their carbon emissions.

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XERO Computation Billing Financial Services 210

Compleatable

AUGUST 1, 2024

The main responsibility and duties of an AP department can vary but broadly speaking, this consists of making sure that purchase invoices received from suppliers are processed, approved and paid in an accurate and timely manner. According to UK Finance statistics, almost £1.2billion was lost in 2023 due to invoice fraud taking place.

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Nanonets

JUNE 15, 2023

billion in 2023 and is set to grow to USD 16.4 In case you’re short of time, here is a quick comparison of top 5 out of 10 DMS recommendations in 2023: Top 5 Document Management Software in 2023 What is document management? Top 10 Document Management Software in 2023 #1. And it’s growing fast.

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Invoicing Budgeting Purchase Order Data Entry 52

Nanonets

MARCH 20, 2023

The AP process begins with the receipt of the invoice, passes through various levels of categorization, coding, data matching , and approvals, and ends with the payment of the invoice. Each AP person in the world, on average, is responsible for 139 faulty invoices every year , which can be avoided with the use of AP software.

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Accounts Payable Accounts Payable AP Accounting 52

Xero

MAY 16, 2022

Although there is a soft-landing period, which means no financial penalties from HMRC until 1 st January 2023, I would encourage small business owners to make the transition now. You can also do cool things like automate invoice chasing or see a real-time view of where your money is going.”.

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Tax XERO Accounting Software Bookkeeping 169

Jetpack Workflow

FEBRUARY 23, 2023

It links different apps, such as invoicing tools, expense tracking software, and financial dashboards, to automate tasks like creating invoices, reconciling accounts, managing payroll and project deadlines, and much more. Two popular invoice automation systems for accounting firms are Zoho Invoice and FreshBooks.

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Bank Reconciliation Data Entry Accounting Accounting 52

Nanonets

JUNE 29, 2023

It provides businesses with a centralized platform to capture, categorize, and monitor various types of expenses, such as travel expenses, employee reimbursements, vendor invoices, and more. Nanonets reads transaction information from any source, updates the invoice, and posts to your ERP.

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Expense Reports Data Entry Invoicing Budgeting 52

CapActix

OCTOBER 10, 2023

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.

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Accounting Software Accounting Accounting Data Entry 52

Nanonets

APRIL 24, 2024

It involves comparing transaction records from various sources, such as invoices, bank statements , and payment receipts, to identify discrepancies and errors.  billion in 2023 to $3.40 Payment reconciliation is the process of verifying all payment transactions. billion by 2030, at a CAGR of 14.9% during the forecast period.  

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Reconciling Invoicing Bank Reconciliation Auditing 52

Xero

FEBRUARY 28, 2023

Other new features in Xero Aligning business structures across our practice tools We’ve updated the list of business structures across Xero Practice Manager (XPM) and Xero HQ into a region-specific list across both tools, incorporating all of the relevant legal entities. The note will be displayed on the contacts overview page.

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XERO Payroll Invoicing Tax 202

MineralTree

NOVEMBER 9, 2023

Features like automated invoice processing and payment approval workflows streamline AP processes both in a top-level or entity-level structure. QuickBooks MineralTree’s integration with QuickBooks streamlines the AP process by automating invoice capture , approval workflows , and payment processing.

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AP Purchase Order Invoice Processing Accounts Payable 72

Xero

DECEMBER 17, 2023

Twice a year, our teams at Xero are invited to take part in a hackathon week. A staggering 670 Xeros and 127 teams around the world registered to participate, highlighting the widespread engagement within our talented community. Participants are encouraged to think outside their comfort zone and area of expertise.

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XERO Bank Reconciliation Tax Invoicing 184

Remote Quality Bookkeeping

MARCH 25, 2024

Within minutes, your books are balanced, expenses categorized, and invoices sorted out—all without any errors! Close to 60% of top executives said their finance or tax departments were already using AI technology as far back as June 2023, reflecting these changing tides in contemporary accountancy practices. Sounds too good to be real?

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Small Business Bookkeeping Bookkeeping Accounting Accounting 52

Nanonets

MARCH 30, 2023

Website: [link] Billing and invoicing OCR technology can be used to automate the processing of bills and invoices, including the extraction of data from invoices and matching them to the corresponding patient records. Nanonets also offers integrations with popular accounting software such as QuickBooks and Xero.

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Data Entry Billing Record Keeping Invoicing 52

Xero

JANUARY 31, 2023

Here are the latest features we’ve introduced to new reports: The current column in Aged reports is now automatically hidden when it’s not needed (such as when ageing by invoice date) or if it’s empty You can now run aged reports at the end of the current month by default, instead of ‘as at’ today’s date We’ve changed the Aged reports so that invoices (..)

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XERO Payroll Accruals Tax 221

Xero

OCTOBER 3, 2022

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.

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XERO Purchase Order Payroll Tax 213

Xero

OCTOBER 31, 2022

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.

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XERO Payroll Tax Invoicing 238

Xero

NOVEMBER 30, 2022

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.

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XERO Payroll Bank Reconciliation Invoicing 195

Nanonets

JULY 21, 2023

Acting as a centralized platform, it retrieves data from the general ledger and compares it with bank statements and invoices, facilitating accurate and swift account reconciliation. Xero: Xero is a cloud-based small business accounting software that caters to startups, growing companies, and established enterprises.

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General Ledger Account Reconciliation Reconciling Financial Reporting 52

Nanonets

JUNE 29, 2023

This is achieved by integrating all activities related to sourcing, contracting, purchasing, supplier management, invoice processing, and payments. These solutions provide automation of sourcing, contracting, purchasing, supplier management, invoice processing, and payments. What is spend management software?

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Budgeting Expense Reports Data Entry Invoicing 52

Xero

JULY 31, 2022

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.

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XERO Payroll Purchase Order Invoicing 203