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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.
Key Insight: At re:Invent 2024, AWS announced numerous product enhancements that help FinOps Practitioners and their organizations optimize their cloud usage. However, this often creates a challenge for Invoicing & Chargeback , namely, figuring out which accounts to charge back for the usage of applicable discounts.
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.
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.
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.
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.
billion in 2024 to $18.4 Endless emails, missing POs, invoices stuck in approval limbo, meanwhile, your cash flow gets harder to track and your month-end processes drag on longer than they should. Take invoice processing, for example. The financial automation market is on a steep growth trajectory.
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.
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.
The advertising industry is expanding, expected to surpass $1 trillion in revenue for the first time in 2024. Download Our Free Media Invoice Guide The Current State of Agency Invoice Processing Modern Media Solutions found that most agencies are dissatisfied with their existing accounts payable (AP) processes.
Xero AI: Native features explained At Xerocon 2024 , one main product reveal was an AI assistant named JAX (Just Ask Xero). Instead of navigating menus and forms, you can simply message JAX through WhatsApp or email to create invoices, check cash flow, or handle bills. JAX marks Xero's biggest step into conversational AI.
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?
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.
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.
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.
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
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.
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.
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.
Vivvix CMAG tracked the first presidential salvo for 2024 on November 16, 2022, about a week after the midterms concluded. But some are wavering on dedicating funding here in 2024 due to uncertainty about their future political ad policies. Many political media agencies are shying away from platforms that lack transparency in reporting.
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.
Results indicate that the majority of FinOps Practitioners across the globe are already managing SaaS, Licensing, and other technology costs in addition to public cloud spending: FinOps Foundation September 2024 Poll Results: A large majority of FinOps Practitioners are already managing SaaS and Licensing costs in addition to public cloud spending.
million in 2024 , this has never been a more pressing issue. This ensures that documents such as invoices or budget approvals progress seamlessly. Document security in accounting encompasses protocols for safeguarding records against unauthorized access, data breaches and loss.
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.
This approach helps prevent common threats such as business email compromise (BEC), fake invoices, insider scams, and duplicate payments. trillion in 2024, making it a critical backbone for safe, fast, and smart payments across the U.S. Nacha governs the ACH Network, which processed 33.6 billion payments valued at $86.2
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?
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.
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