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The moment is here; the final step of Xero’s Single Touch Payroll Phase 2 roll out is now available to all customers. Once your payroll data is updated and you’ve marked each step as complete in the STP2 Portal, you’ll be able to enrol in Phase 2 reporting – step four of the transition. This will see your business share more information with the ATO and other government agencies whenever you process a pay run.
Notorious for being time-consuming, manual processes consume a lot of time for businesses. This is caused by relying on spreadsheets to handle core accounting functions that could otherwise be completed in seconds or minutes, rather than hours or days. Not to mention every manual process is prone to human error, which could lead to additional costs, delays, and issues.
We recently announced an investment led by H.I.G. Growth Partners and a few other strategic investors. There’s no better time to expand our reach and deepen our capabilities, given the nascent maturity of FinOps as a discipline, not to mention the recession in tech. Most companies are leaving money on the table The FinOps Foundation’s 2023 State of FinOps report lays out the thesis for ProsperOps in 2023 and beyond.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Have you heard the news? Accountex – the leading accounting and finance event in the UK and Europe – is heading down under next month for the first time ever. Between 15 to 16 March, advisors from across the country will descend on Sydney’s International Convention Centre (ICC) for two days of learning, collaboration and connection. And Xero will be right amongst the action!
For new and growing businesses, accounting may not be the most exciting topic for owners, however, it's good accounting that will keep a business alive and prepared for what is around the corner.
Finding and retaining top accounting talent continues to be a challenge for CPA firms, especially after the pandemic has fundamentally changed how we work. However, with the right strategies, accounting firms can position themselves as employers of choice in order to attract the best and brightest candidates.
We’re thrilled to be launching Future Focus, a series dedicated to removing the mystery, hype — and maybe even fear — from some of those futuristic technologies you’ve always wondered about, but never knew how, or who, to ask. Our aim is to help you get your head around them now so that the implications and path to adoption later becomes clearer. Let’s take a look at blockchain and distributed ledger technologies and applications — an area we are getting asked about often.
When the market goes south, you need to have your forecasting and reporting capabilities dialed in more strongly than ever. In-depth and accurate reporting will enable you to keep your board and team up to date and confident that you can ensure continued profitability. Forecasting will help you analyze the impact of different plans and decisions before you commit to them.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
I wanted to take a moment to say hello to you, and thank you for being a Xero customer! I recently stepped into the new role as Xero’s CEO, and it’s a privilege to serve all of you – our Xero team, our investors, and all the communities of which we are a part. Xero is a special company with the potential to contribute even more to your journey as small businesses, advisors and partners, and I look forward to getting started.
As a simple bookkeeping tool, QuickBooks meets the needs of many early-stage SaaS organizations, but pressures facing finance departments put that effectiveness to the test. A new report shows there are key limitations for QuickBooks-dependent SaaS CFOs and they should move on to better alternatives.
A recent Deloitte Center for Controllership poll shows that 48.8% of C-suite and other executives are preparing for cyber events targeting their organizations’ accounting and financial data.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Cash flow forecasting is a critical part of financial planning for businesses of all sizes. Accurate cash flow forecasts help businesses plan for the future, identify trends, and make strategic financial decisions. In this blog post, we will discuss the importance of cash flow forecasting and how businesses can better manage their cash flow through AP analytics and better data management.
When you own your own business, something always demands your attention. Whether it's troubleshooting office issues like internet outages, customer service challenges, or trying to get paid, entrepreneurship is a busy vocation. To grow your business, you may need to adjust your focus from putting out fires to looking at your business differently. Adjust your perspective with this helpful advice for busy business owners.
Real estate is an eminent business domain, and like every other business, accounting plays a huge role here. Accounting is often referred to as the backbone of an organization as it helps manage and optimize its financial resources. Unfortunately, many real estate professionals fail to incorporate real estate accounting into the business hence suffering losses.
A new partnership between AICPA & CIMA and University of Oxford's Saïd Business School takes aim at bolstering the industry's global sustainability efforts.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
When you’re running a business, how well your business scales is a vital consideration. This is particularly important for small and midsize businesses and new companies. Scalability plays a significant role —perhaps the most significant role—in determining if your business is poised to take advantage of growth opportunities and respond to market changes.
Solving the Prior Auth Problem [Infographic] Don’t wait, start early to reap the benefits! February 24, 2023 This infographic addresses the prior auth (PA) problem in healthcare and how to solve it. It highlights why PA is a problem worth solving, why now is the time to do it, and how automation is part of the solution. Infographic Text: Solving the Prior Auth Problem Don’t wait, start early to reap the benefits!
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
No doubt that you’ve seen for yourself that having quick access to capital is vital for keeping your business running smoothly. One way to get funding in a hurry is short term financing. It can help business owners cover unexpected costs or losses, bridge cash flow gaps, or take advantage of timely opportunities while limiting […] The post 6 Short Term Financing Options for Growing SMBs appeared first on FundThrough.
As a simple bookkeeping tool, QuickBooks meets the needs of many early-stage SaaS organizations, but pressures facing finance departments put that effectiveness to the test. A new report shows there are key limitations for QuickBooks-dependent SaaS CFOs and they should move on to better alternatives.
DevOps can be challenging because there aren’t standard approaches to it. Your DevOps approach can be vastly unique to your organization's needs, including the DevOps engineering talent and budget you have available.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Would you like to take some accounting tasks off your plate and work more efficiently? Are you looking to modernize your firm and implement more automation in your accounting processes? You’ve landed in the right place. We’re obsessed with finding ways to make your firm more productive, and that’s what this guide will ultimately help you do. This article will cover: What accounting automation is The benefits of using more automation in your firm Features you should look for when choosing your ac
Accounts payable outsourcing is the process of entrusting accounts payable (AP) processes to a third-party provider. This can include the entire accounts payable process or just certain components such as invoice processing or vendor management. Outsourcing accounts payable frees up time for an organization’s internal staff and allows them to focus on more value-adding tasks.
Nearly all departments – marketing, sales, customer service, accounting and finance, etc. – rely on data to reach target markets, turn prospects into customers, deliver support, create timely and accurate invoices, and much more. That’s a lot of data that is needed and when the data is outdated, inaccurate, or inconsistent between systems, errors occur.
QuickBooks Online is giving Estimates and Invoices a makeover. Before rolling them out to everyone, it has been giving some customers the new experience and getting feedback.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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