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Latest product news — June 2022

Xero

See your cash balance in the Xero Accounting app — Global. We’re updating the home screen of the Xero Accounting app, so you can understand your overall cash balance position. You’ll be able to customise which accounts are displayed, to help you make informed decisions on the go. Easy e-signing with document packs — New Zealand.

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Where business boomed: Changes in federal tax collections by state

Accounting Today

The top three states had an average change percentage of 215.76% between 2021 and 2022.

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We made the 2022 Most Innovative Companies list

Xero

Last year, we reached a significant milestone in our data journey when we built machine learning algorithms that worked to accurately predict your transactions’ contact and account codes. The post We made the 2022 Most Innovative Companies list appeared first on Xero Blog. But that benefit extends to customers new to Xero, too. .

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Latest product news — September 2022

Xero

Make adjustments in the Xero Accounting app — Global. We’re now giving you two ways to make adjustments in the Xero Accounting app: bank fees and minor adjustments. The new Account Summary report has been released to all customers. Use GoCardless Instant Bank Pay to collect one-off payments — UK.

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App Partners of the Month: Xerocon London 2022 special edition

Xero

Xero recently hosted Xerocon London , one of the most anticipated events on the calendar for cloud accounting leaders. We were excited to reconnect with more than 2,000 accounting and bookkeeping partners and share the latest product developments across Xero. Find out more about becoming a Xero app partner here.

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Tax Fraud Blotter: Sick excuses

Accounting Today

After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. All rights reserved. In March 2019, Archer filed for Chapter 7. In March 2019, Archer filed for Chapter 7.

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Top taxes: Which types of tax bring in the most money

Accounting Today

The top three types had an average increase in gross collections of 39.86% between 2021 and 2022.

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