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One key development is the National E-invoicing Initiative. This initiative aims to modernize how businesses manage invoices, helping to streamline operations, improve compliance, and enhance efficiency across industries. What is the National E-invoicing Initiative?
With enhancements from the ability to send invoices via SMS to improvements in Xero Tax and sales tax reporting, we continue to make Xero even better. AU: Get paid faster with SMS invoices [Product Idea ] You spoke, we listened! You can now send invoices via SMS. Read on to learn more about the latest features and enhancements.
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.
Earlier this year we communicated that we’ll be retiring the older version of our invoicing product – classic invoicing – on 2 September 2024. Does new invoicing support repeating invoices? Yes, new invoicing supports repeating invoices. In this tab, you’ll also find all current repeating invoices.
We’re committed to continuously improving your invoicing experience in Xero. And as we transition to the new version of invoicing, we’re continuing to roll out more features and enhancements designed to streamline your workflow and boost productivity. And there are still many more coming before retiring classic invoicing.
We recently announced that we’ll be retiring the older version of our invoicing product — classic invoicing — on 2 September 2024. Building new features you love We’re seeing so many great ideas about what invoicing features you’d like to see in Xero. And believe me, we’re really focused on delivering these for you!
We’ve had two versions of our invoicing feature for a while now — classic invoicing and new invoicing. The new version is built on the latest technology and features time-saving tools that make it easier to customise your invoices and simplify the way you get paid. It’s really easy to make the switch.
Global: Manage finances from anywhere with Xero Accounting app enhancements [Product Idea ] We’ve also made it easier to share invoices from the Xero Accounting app on iPhone, so you can manage them more efficiently on the go. You can now share invoices on any available app on your mobile device (e.g.
Youll get all the great features you already love, plus new tools like invoicing, Hubdoc and MTD for IT submissions (beta, subject to registration and eligibility), all at no additional cost. If youre already a non-VAT Xero Cashbook subscriber, you will be seamlessly migrated to Xero Simple in April 2025 when it launches. Whats next?
In last month’s edition we shared how we’re making it easier for you to navigate and tab through fields in invoicing , and in July we rolled out the ability to toggle payment methods on and off in your payment settings without leaving Xero. The post What’s new in Xero – September 2024 appeared first on Xero Blog.
To help small businesses and their advisors plan ahead, I’ve looked at separating the hype from reality to uncover the top five technology trends that may impact the small business landscape in 2024. Will it be the breakthrough technology of 2024? It seems unlikely to reach full maturity next year.
We’re excited to announce our official judging panel for the Xero Awards UK 2024. Emma Fox: Founder & Managing Director, Fresh Financials Emma is the Founder and Managing Director of Fresh Financials, a 100% digital bookkeeping practice, making physical receipts and invoices a thing of the past. It’s your time to enter!
The GoCardless integration with Xero allows you and your customers to set up recurring and one-off payments, so payment for your invoices is collected automatically. Simply add GoCardless as a payment service in Xero, then apply it to an invoice or invoice template so your customers can pay your invoices online.
I have been putting off writing a summary of all the announcements our Cloud Financial Management (CFM) team made at 2024 re:Invent. 10) Invoice configuration : this launch is uniquely beneficial to those of you who want individual business entities to be responsible for their own spend and payment.
Most popular apps Our Most popular apps of 2024 lists highlight the top apps that Xero users connected to through the Xero App Store. These apps were recognised at awards ceremonies in the UK, US, Canada, Asia and South Africa in 2024. The post Explore the Xero App Store’s 2024 top apps appeared first on Xero Blog.
For community association management (CAM) companies, staying updated on industry trends is important for maintaining efficient operations, meeting evolving resident needs, and adopting new technologies. In August 2024, AvidXchange surveyed 500 accounting and finance leaders to learn their top priorities and concerns for 2025.
Let’s dive into the challenges, features, and benefits of modern legal invoicing software for lawyers to help get your practice back on track! Solution: Invest in invoicing software with integrated time-tracking features. It’s like trying to use a fax machine in 2024. Increase Transparency With Itemized Legal Invoices.
According to the 2024 Intuit QuickBooks Business Solutions Survey , growth is the number one priority for mid-market businesses, with 82% prioritizing expansion at a steady or fast pace over the next year.
This quote rings especially true when it comes to global invoice taxation. A recent 2024 survey of over 1,000 global tax and finance executives revealed that 37% struggle to keep up with rapidly changing tax laws across different countries. The good news is these invoicing mistakes are avoidable. ” Lord Bramwell.
Key Insight: The FinOps X 2024 Day 1 Keynotes covered the Evolution of FinOps to include more technology spending beyond public cloud, FinOps for AI, cost-aware product decisions, carbon-aware FinOps. Storment Burn down the Past – Forecasting at Disney Invoice Bots and Moving FinOps Beyond Public Cloud at Uber FOCUS 1.0
2024 GST Rate Change – Common Questions Asked Singapore implemented its second GST rate change on 1st January 2024, and the transition from an 8% GST rate to a 9% rate posed several questions and considerations for businesses. What GST Rate Should Be Applied to Imported Goods Due to Arrive in Singapore on/after 1st January 2024?
As Q3 of 2024 has drawn to a close, Compleat Software is proud to reflect on a period of impressive growth and success. This achievement is a testament to our relentless focus on expanding our capabilities to serve customers better, allowing them to manage their entire purchasing and invoicing workflow with minimal hassle.
The A/R platform automates credit management, cash application, collection workflows, and invoice delivery while its advanced analytics deliver AI-powered insights to forecast cash flow and prioritize collection delivery. Easily filter and view invoices according to each customer, number of disputes, or as an aggregated view of all invoices.
Invoices: Users can create, send and track customised invoices on the go. See unpaid or overdue invoices, track who has and hasn’t paid, view profit and loss by month, and gain insights such as top expenses for the month. Dashboard: Sole traders can keep a finger on the pulse of their finances in one place.
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 are some places where the old rate may still appear and need to be updated by you: invoices and bills. Update your default rate. bank reconciliation.
A big congratulations again to all the teams involved in this year’s hackathon and we can’t wait to see what 2024 will bring! Many of these are now live, or will be released in the coming months. Here are just a few of the highlights. The post Highlights from Xero’s 2023 hackathon appeared first on Xero Blog.
When available, Xero’s customers will be able to Just Ask Xero to complete tasks like generating an invoice, editing a quote or paying a bill, either in Xero or other commonly used apps and surfaces such as mobile, WhatsApp and email. A JAX beta will go live later in 2024. Check out our JAX demo video to see how it will work.
That’s the question AvidXchange and the Institute of Finance & Management (IOFM) set out to answer in our 2024 Accounts Payable Career Satisfaction Survey. The survey, summarized in the 2024 Accounts Payable Career Satisfaction Report , found that access to technology like automation tools enhances career satisfaction for AP staff.
it’s also a crucial time to look forward at 2024 and predict what will be in store. Today, I’ve compiled a list of 5 global trends that will undoubtedly affect every business in 2024. Nonetheless, I’m sorry to say that AI, specifically generative AI, is the hottest trend on almost every list predicting 2024 trends.
it’s also a crucial time to look forward at 2024 and predict what will be in store. Today, I’ve compiled a list of 5 global trends that will undoubtedly affect every business in 2024. Nonetheless, I’m sorry to say that AI, specifically generative AI, is the hottest trend on almost every list predicting 2024 trends.
Introduction Ever spent hours buried in spreadsheets, manually creating invoices and chasing down payments? A recent study found that 60% of contractors spend more than 5 hours per month on manual invoicing tasks. What if there was a way to automate your invoicing process , save time, and get paid faster?
So we’re making it even easier for your customers to make payments by offering more payment methods to our online invoices. The survey was conducted online amongst members of a permission-based panel, between 15 May and 29 May 2024. You can find out more about Xero’s payment products.
At Xerocon London, we talked about our commitment to ensuring that you have the technology, processes and practice proposition in place ahead of 2024. Most importantly, don’t wait until 2024 to start thinking about MTD for ITSA. Embracing the changing world of work. Xero and GoCardless to offer Instant Bank Pay to UK customers.
We’ll dive into the top 10 expense management tools for 2024 and beyond. 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.
87% of businesses receive payment after their invoice due date, with 43% being paid 15 or more days late. You need not worry; there are a lot of solutions in the market that can automate invoicing and ensure you receive all payments with their reminder features. We have come up with 19 of the best invoicing software for 2024.
If you’re self-employed with turnover above £10,000 annually, you will need to follow MTD for Income Tax (ITSA) rules from April 2024. . Set up recurring invoices for regular suppliers to cut down on monthly admin. If you’re not VAT-registered (but are self-employed).
In the ever-evolving context of corporate operations, effective invoice processing is essential to the smooth running of financial workflows. To meet the constantly changing needs of contemporary businesses, finding the finest invoice processing solutions becomes even more important as we approach 2024.
For example, The New York Times reported that from April through June 2024, the USPS delivered 80.5% AvidXchange’s 2025 Trends Survey found that the percentage of businesses using mobile payment platforms (like Venmo or Apple Pay) most often to pay suppliers nearly doubled to 15% in 2024 (compared to 8% in 2023).
If you are also one of them, you must be looking for invoicing software to send timely invoices to your clients. But you might also want to customize invoices to fit your brand image. Thus, you need two-in-one software that offers automated invoicing with tailored solutions. We hope your search will end here! Let’s begin.
This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. Cash is king (once again) As 2024 unfolds against a backdrop of lingering economic and geopolitical uncertainty, businesses are adopting a cautious approach to their finances.
Manual AP workflows might work for smaller operations, but they can quickly become a bottleneck as invoice volumes increase. Automation can streamline invoice processing, reduce errors, and speed up approval times. They may be taking too much time looking for information on paper documents and chasing down people to approve them.
Summary Leading electronic invoicing platforms are shaping financial management in the current year. Introduction Do you spend endless hours managing stacks of paper invoices and chasing payments? Thus, there is a need for a more streamlined and efficient invoicing process, which is evident. If so, you’re not alone.
Managing invoices efficiently is integral for businesses to maintain smooth cash flows and accurate financial records. Optical Character Recognition (OCR) technology has emerged as a crucial tool, enabling organizations to streamline invoice processing, enhance accuracy, and accelerate financial workflows.
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