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A year ago, we shared our vision to reimagine accounting using AI and mobile , recognizing the transformative potential for small businesses and the industry. As part of delivering on that vision, we launched Just Ask Xero (JAX), our smart and reliable generative-AI business companion, to make accounting tasks easier and save you time through simple conversation within everyday apps.
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Its been a massive start to 2025! In February , we shared enhancements weve made to invoicing. We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). Check out more in our quarterly wrap video below.
As the peak busy season ends in April, its time for accounting firms to shift their focus to whats nexttax team hiring. While your team is still in all-hands-on-deck mode, March is the ideal time to start preparing for the post-busy season transition. Laying the groundwork now ensures youre ready to bring in the right talent when the time comes. Assess Your Teams Workload As March progresses, its important to step back and evaluate your teams workload, even during the busiest time of the year.
You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
Posted on March 07, 2025 If youre involved in managing a school or academy trust in the UK, youve likely heard whispers about the Procurement Act 2023. Despite its name suggesting its been around for a while, this piece of legislation only came into force a couple of weeks ago, on February 24, 2025. Its a big deal for anyone handling purchasing decisions, and its shaking up how schools and trusts buy goods, services, and works.
Invoicing for freelancers is the most boring task! But technology has made it easy to handle complex billing with automation and in very little time. There are around 1.75 billion freelancers all over the world, and everyone has to send bills to clients in order to receive timely payments. This blog discusses 10 invoicing software for freelancers that will help them create and send invoices faster than before.
The prime cost is the total direct material and labor costs of producing a product or delivering a service. It helps you analyze how much these costs reduce your gross profit, making it easier to determine whether your expenses are within a healthy range. The formula for computing prime costs is as follows: Prime cost. The post What Is Prime Cost? Formula + Free Calculator appeared first on Fit Small Business.
The prime cost is the total direct material and labor costs of producing a product or delivering a service. It helps you analyze how much these costs reduce your gross profit, making it easier to determine whether your expenses are within a healthy range. The formula for computing prime costs is as follows: Prime cost. The post What Is Prime Cost? Formula + Free Calculator appeared first on Fit Small Business.
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Speaker: Jason Chester, Director, Product Management
In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.
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What happens when political changes collide with tax enforcement? In this revealing conversation, former IRS revenue agent Jeff Johnson shares his firsthand account of being caught in the recent mass layoffs at the IRS. Having just completed seven months of intensive training, Jeff was among 7,000 probationary employees suddenly terminated as part of a broader federal workforce reduction initiative.
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Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
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