Newest product information — October 2022

Latest product news — October 2022

We’ve launched various new options over the previous month, with a deal with serving to you handle your compliance wants. This consists of new earnings classes in Xero Payroll to help Single Contact Payroll (STP) Part 2 in Australia, in addition to the launch of doc packs within the UK to assist advisors simply collate paperwork and get them electronically signed by shoppers.

In case you’re a Xero accomplice, don’t neglect to register for our upcoming quarterly product replace, the place our training staff will stroll you thru a demo of all the newest releases, so you may preserve your advisor certification.

New options

Convey saved layouts throughout to new reviews — World

We’ve made various enhancements to new reviews in Xero over the previous month. Don’t neglect, we’re retiring the older variations of our reviews in Xero, so that you’ll want to begin transferring your work throughout to the brand new variations. You gained’t be capable to use the older variations of our reviews from 31 July 2023.

  • We’ve launched a brand new software that will help you convey saved layouts (row settings solely) in Revenue and Loss and Steadiness Sheet reviews throughout to the brand new variations. Merely click on on the hyperlink within the banner on the high of the report, or use the ideas and methods panel. This software will not be accessible for read-only or cashbook customers.
  • We’ve added a brand new characteristic to the structure editor, so you may arrange grouping guidelines primarily based on account codes. This implies any new account that matches the foundations standards shall be mechanically proven in the appropriate part of the report. This characteristic is on the market in all reviews with entry to the structure editor.
  • After a profitable pilot including a chart within the Bills by Contact report, we’ve now added this chart to the Revenue by Contact report for all clients globally.

Higher monitor your efficiency in Xero Analytics — World

We’ve made various updates to Xero Analytics and Xero Analytics Plus, which show you how to analyse traits and get a deeper understanding of how your small business is performing.

  • In Australia, you’ll quickly be capable to see your BAS and PAYG inside short-term money circulation in Xero Analytics Plus, and drill down from there into the exercise assertion
  • We’ve refreshed the look of the profitability part in enterprise snapshot, to raised align the tiles and enhance accessibility
  • We’ve added new gross revenue margin and internet revenue margin tiles to the enterprise snapshot dashboard, and up to date some wording to be per different tiles

Handle POs and contacts within the Xero Accounting app — World

Now you can create new buy orders and edit current buy orders within the Xero Accounting app. This characteristic is new to iOS and was already accessible for Android customers. It would show you how to handle the acquisition course of on the go, reasonably than ready till you’re again within the workplace.

We’ve additionally up to date the contact record within the Xero Accounting app, so you may simply filter and type between clients and suppliers. This can show you how to discover related contacts rapidly, so you may full duties and keep on high of your relationships.

Perceive your doc packs utilization — World

The brand new doc packs chart in Xero HQ helps you perceive your month-to-month transaction utilization over the previous 12 months, so you may work out which Xero Signal bundle most accurately fits the wants of your accounting or bookkeeping apply at any time.

See how we’re ‘Constructing on Stunning’ — World

As a part of our dedication to ‘Constructing on Stunning’ — which is about constantly upgrading our expertise to construct new options sooner, giving our platform a constant appear and feel, and ensuring we hold accessibility high of thoughts — we’re making some modifications in Xero:

  • Final yr, we up to date the ‘import’ web page in payments. Subsequent on our record is ‘Payments to pay’. There are a selection of modifications you may anticipate to see on this web page within the months forward, together with a brand new design, up to date filters, a compact view toggle, and extra.
  • You’ll discover enhancements to the quotes desk within the weeks forward, together with the power to customize columns displayed, apply entire quantity reductions, see inventory available, tab by the desk rapidly, and extra.

Filter transactions in Xero Initiatives – World

Because of buyer suggestions, we’ve made enhancements to the Initiatives Abstract report in Xero Initiatives, which supplies you a fundamental abstract of your venture financials. Within the weeks forward, you’ll be capable to filter transactions by accrual date, and use the brand new uninvoiced quantity column that will help you keep on high of your venture money circulation.

Use new earnings classes in Xero Payroll — Australia

As a part of Single Contact Payroll (STP) Part 2, you’ll need to report gross figures for every earnings sort as separate, itemised quantities. We’ve up to date the earnings classes in Xero Payroll to help STP Part 2 and created a helpful pay merchandise transition software that will help you full this process.

Map your gross sales tax charges in Xero — Canada

Since increasing our protection to help all federal and provincial gross sales tax return reviews, we’ve been targeted on bettering your expertise to make the method simpler and extra environment friendly. As a part of this, we’ve made the next updates in our gross sales tax reviews:

  • added banners and notifications that allow you to know when there are tax charges which must be mapped in your return, with hyperlinks to these charges
  • made modifications to the audit report, so transactions related to unmapped tax charges are grouped for simple identification
  • modified the tax charges web page so tax charges that want consideration are grouped individually, with any exports noting if there have been tax charges needing consideration on the time of export

View US dates in new invoicing — US

We all know it’s complicated when your dates are displayed as DD/MM/YYYY as a substitute of MM/DD/YYYY. That’s why we’ve up to date the ‘edit’ and ‘view’ pages in new invoicing to replicate the usual US date format. This consists of ‘comfort dates’ in each the bill and due date dropdown menus.

Take pleasure in Xero financial institution feeds with Allied Irish Financial institution — UK

Since Brexit, our Monetary Conduct Authority licence within the UK might now not be ‘passported’ to different EU nations, and we have been compelled to show off our financial institution feeds in Eire. We’ve just lately been authorized as an Account Info Companies Supplier within the EU and as such, have resumed financial institution feeds for Irish clients — beginning with Allied Irish Financial institution. Our feed for Financial institution of Eire will comply with quickly.

Collate, ship and signal paperwork in Xero — UK

Doc packs will go reside within the UK on 4 October 2022. This safe e-signing resolution permits shoppers to simply view, obtain, electronically signal and return paperwork to their accountant or bookkeeper — all inside Xero. It integrates seamlessly with Xero Tax, which suggests you may share accounts and tax returns for corporations and people straight together with your shoppers for evaluation and signature.

Securely retailer Authorities gateway IDs for private tax — UK

When utilizing Xero Tax for private tax, advisors can now simply retailer and use authorities gateway ID info. This implies apply employees now not should manually key within the info each time when submitting tax returns, or share gateway passwords among the many staff. Now you can securely retailer a number of gateway IDs and preserve these data, in addition to simply toggle between particulars when submitting a tax return.

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