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Introducing Xero Simple To support you and your clients with MTD for IT, were evolving our non-VAT Xero Cashbook plan into Xero Simple.* Xero Simple is a new plan that has been packed with new features to support you, and your sole trader and landlord clients, with the next wave of MTD for IT and digital transformation. .*
We’re excited to share some new apps in the Xero App Store : Caseware and Wagepoint. These apps bring key capabilities into the Xero platform, to simplify your year-end workflows, payroll and compliance. The post Using Caseware and Wagepoint to streamline your EOFY appeared first on Xero Blog.
The ability to connect your bankaccount to Xero is one of our most loved features and a core part of our vision to automate routine tasks. It’s designed to help your bank transactions flow securely into Xero, so you can save time on bankreconciliation and have better visibility of your cash flow.
If you have a Xero Premium plan and have added a foreign currency to your settings page, then you can jump in and give it a go. We urge you to start using new reports now , so you have plenty of time to get used to them before the older versions are retired.
One of your most important accounting jobs — bankreconciliation — relies heavily on getting accurate banking data into Xero. Yet entering bank transactions manually is often time-consuming and error-prone. Our new partnership with Yodlee gives Xero access to the feeds they have available.
Coming off the year of the US bank feed , Im excited to share that we’re releasing the eagerly anticipated reconcile period feature in bankreconciliation. Now, with reconcile period, you can compare your bank transactions and accounting on a monthly basis, and keep a report of the close-out for governance purposes.
As a busy accountant or bookkeeper, we know you don’t always have time to go through each client’s books to proactively identify issues or opportunities. The dashboard will be available to all Xero partners globally, and rolled out over the next couple of weeks.
We recently announced at Xerocon Sydney that our team was busy enhancing the AI algorithms that power bankreconciliation in Xero, so it would recognise new contacts in your statement lines (even when they’re not in your contact list). Here’s how it works and how to recognise it when it appears in your bankreconciliation.
If you’re an accountant or bookkeeper, it can save you time chasing documents and manually entering data. Refreshed partner portal We’ll be updating the Hubdoc partner portal soon, which helps accountants and bookkeepers easily find and manage their clients’ documents.
We know it’s not enough to just create really #beautiful accounting software – we also need to teach you to use it. Spending time educating yourself on Xero can help you get time back once you’ve built up your confidence. . You probably know by now that when you have a question about Xero, Xero Central is your first stop.
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. What Xero tip would you add to this list? Let us know in the comments section.
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. There are a number of areas where you can set default tax rates in Xero. This includes your contacts, your inventory items, and accounts in your Chart of Accounts.
Diya Jolly, Xero's chief product and technology officer, announced several new products and enhancements for bankreconciliations, payments, compliance and more.
Building on our existing support for credit cards, debit cards, Apple Pay, and Google Pay, we’re excited to announce the addition of Pay by Bank. Powered by Stripe, this new feature empowers your customers to make payments instantly from their bankaccounts straight from their online invoice.
Last year, we announced that we had started upgrading the technology that underpins the Xero platform, so our teams can build new features faster than ever before. Today, we’re excited to share that we’ve hit a significant milestone on that project when it comes to reporting in Xero. Start unlocking more value from your reports.
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.
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. But that benefit extends to customers new to Xero, too. . The post We made the 2022 Most Innovative Companies list appeared first on Xero Blog.
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. At Xerocon, we announced that we’re conducting two experiments in Xero using generative AI.
We shared a number of product and tech updates at Xero’s Investor Day in Melbourne on how we are bringing new capabilities to help Xero customers run their operations and manage their finances more efficiently. Xero is developing a conversational interface — called Just Ask Xero (JAX) — using powerful GenAI technology.
We’ve made a number of enhancements to the Xero platform in the last month, including updates to quotes, reporting, Xero Analytics Plus, WorkflowMax and more. The details will also integrate into Xero, if you use it. Tailor your business snapshot in Xero Analytics Plus — Global. Reimagine your Xero experience — Global.
If you’re a Xero partner, don’t forget to register for our upcoming quarterly product update , where our education team will walk you through a demo of all the latest releases, so you can maintain your advisor certification. Automatically add Xero contacts in Hubdoc — Global. Reimagine your Xero experience — Global.
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). . Simplifying people processes with Xero and Planday. We were excited to launch a new beta trial of Xero Payroll plus Planday at Xerocon.
Bank feeds have transformed how small businesses manage their bookkeeping. Gone are the days of manually comparing bank statements with accounting records. Bank feeds reduce manual admin and automate data entry. Bank feeds reduce manual admin and automate data entry.
It was the perfect location to reconnect with our valued accounting and bookkeeping partners, and share some exciting plans for new tools and features designed to make inventory management, bankreconciliation and tax management simpler and more seamless. Syncing BMO transactions to your Xeroaccount.
Accounting work has always been tedious. Xero, one of the leading cloud accounting platforms, has integrated AI features that are streamlining these daily tasks. Xero AI: Native features explained At Xerocon 2024 , one main product reveal was an AI assistant named JAX (Just Ask Xero). Let's break them down.
That’s why Xero has been doubling down on building out our product capabilities for the unique needs of this region. Today, on stage at Xerocon Nashville, I was very excited to unveil the huge number of improvements Xero has made to make things easier for small businesses and their advisors. Here’s a look at what we announced.
I thought it might be helpful to share a bit of insight into our journey at Xero and explain how changes like this fit into our bigger plans. That’s why we’ve made it a key priority and delivered many new capabilities across core accounting, payroll and payments this year that our customers love.
Here are the latest features we’ve introduced to new reports: We’re introducing a current financial year by month report as well as a BankReconciliation report pack. You can now add a Cash Summary report and Executive Summary to report templates in Xero HQ. Other new features in Xero. Changes to XPM and Xero HQ — Global.
Here are some of the most popular apps in the Xero App Store that integrate with Xero to help tackle some common business challenges. . Stripe – Enables you to accept payments from debit or credit cards, Apple Pay, and Google Pay for online invoices sent from Xero so your customers can pay you easily. Getting paid quickly.
Xero Small Business Insights (XSBI) data for April 2022 shows signs of emerging risks to small businesses in the UK, Australia and New Zealand. The Xero Small Business Index is a unique indicator that uses timely data to show how small businesses are performing overall each month. Australia data . New Zealand data .
Working smarter not harder So, for a club like us, a solution like Xero helps us manage all of those things centrally with good visibility. When it gets to the point where they need to pay it generates a request for payment and then reconciles that with Xero so that we don’t have to do all of those things manually.
Blake and David leap into the latest updates from Xerocon, including new features like traditional bankreconciliations, embedded bill pay with Bill.com, and AI capabilities through JAX (Just Ask Xero). They look at Xero's strategy to double its US market share and how it compares to Intuit's mid-market growth focus.
Skilled in all aspects of bookkeeping, including accounts payable/receivable, bankreconciliations, payroll processing, and financial reporting. Proficient in QuickBooks, Microsoft Office suite (Word, Excel, Access), and Xero. Processed accounts payable and receivable, ensuring timely payments and collections.
Powered by Stripe, PayTo lets your customers easily pay you directly from their bankaccount. With PayTo, you can get instant payment confirmation in your Stripe account, so you can say goodbye to long processing times. They dont need to set anything up – they can pay using their PayID or BSB and account number.
For many companies, managing accounts receivable (AR) and accounts payable (AP) is a constant challenge, with delayed payments, manual errors, and lack of real-time visibility causing significant disruptions. 13 Best Accounts Receivable and Payable Software 1. A study by Atradius revealed that 48% of B2B invoices in the U.S.
Introduction to BankReconciliation Journal Entries Bankreconciliation is an important process in accounting that ensures the accuracy and integrity of a company's financial records. It involves the comparison between the company’s internal financial records and those of the bank.
Top Remote Candidates This Week Are you in need of remote accountants? Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of our top remote accounting candidates for this week.
Some apps and software you should consider integrating include: •Accounting software: A general ledger like QuickBooks Online (QBO), Xero or MYOB should act as the core of your app ecosystem and the single source of truth. Repetitive and routine tasks such as data entry, reporting, and bankreconciliation are suitable for automation.
DocuClipper is an OCR-powered financial document processing tool that converts bank statements, credit card statements, invoices, receipts, and brokerage statements into Excel, CSV, or accounting software-ready formats. AutoEntry Automated data entry for accounting No Yes Ease of use, accounting integration SMBs, accounting firms 3.8
According to a recent survey , 92% of accounting professionals say they spend too much time completing manual tasks jobs like data entry, client payroll, payment reminders, and bankreconciliation. Thanks to artificial intelligence and other advances, todays accounting automation technology is better than ever.
This software lets accountants and bookkeepers store and manage their financial documents digitally, eliminating the need for physical storage and manual data entry. Document management software also makes it easier to collaborate with other members of the accounting team.
Invoicing, for instance, is something that every single accounting team has to learn how to manage. With only 20-25 business days per month, the impact of five whole days being consumed by sending, receiving, and processing invoice payments is a major lift for an organization’s accounts receivable team and its accounts payable team.
This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. What is Accounting Automation? Will Automated Accounting Replace You? Let’s get started.
For small Irish businesses using Xero , one irritating headache that it’s created relates to using bank feeds. Or in other words, Xero is no longer able to provide automated bank feeds for Irish banks. Xero are continuing to explore options including potentially piggybacking on third-party feed data providers.
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