Home Accounting Newest product information — October 2022

Newest product information — October 2022

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Newest product information — October 2022

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We’ve launched numerous 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 assist 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 schooling staff will stroll you thru a demo of all the newest releases, so you possibly can keep your advisor certification.

New options

Convey saved layouts throughout to new studies — International

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

  • We’ve launched a brand new device that can assist you carry saved layouts (row settings solely) in Revenue and Loss and Stability Sheet studies throughout to the brand new variations. Merely click on on the hyperlink within the banner on the prime of the report, or use the ideas and methods panel. This device just isn’t out there for read-only or cashbook customers.
  • We’ve added a brand new function to the structure editor, so you possibly can arrange grouping guidelines primarily based on account codes. This implies any new account that matches the principles standards shall be routinely proven in the suitable part of the report. This function is obtainable in all studies 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 observe your efficiency in Xero Analytics — International

We’ve made numerous updates to Xero Analytics and Xero Analytics Plus, which assist you to analyse developments and get a deeper understanding of how your online business is performing.

  • In Australia, you’ll quickly be capable of see your BAS and PAYG inside short-term money movement 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 higher align the tiles and enhance accessibility
  • We’ve added new gross revenue margin and web revenue margin tiles to the enterprise snapshot dashboard, and up to date some wording to be according to different tiles

Handle POs and contacts within the Xero Accounting app — International

Now you can create new buy orders and edit present buy orders within the Xero Accounting app. This function is new to iOS and was already out there for Android customers. It can assist you to handle the acquisition course of on the go, relatively than ready till you’re again within the workplace.

We’ve additionally up to date the contact checklist within the Xero Accounting app, so you possibly can simply filter and type between clients and suppliers. This can assist you to discover related contacts shortly, so you possibly can full duties and keep on prime of your relationships.

Perceive your doc packs utilization — International

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 possibly can work out which Xero Signal bundle most accurately fits the wants of your accounting or bookkeeping observe at any time.

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

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

  • Final yr, we up to date the ‘import’ web page in payments. Subsequent on our checklist is ‘Payments to pay’. There are a variety of adjustments you possibly can 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 means of the desk shortly, and extra.

Filter transactions in Xero Initiatives – International

On account of buyer suggestions, we’ve made enhancements to the Initiatives Abstract report in Xero Initiatives, which supplies you a primary abstract of your venture financials. Within the weeks forward, you’ll be capable of filter transactions by accrual date, and use the brand new uninvoiced quantity column that can assist you keep on prime of your venture money movement.

Use new earnings classes in Xero Payroll — Australia

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

Map your gross sales tax charges in Xero — Canada

Since increasing our protection to assist all federal and provincial gross sales tax return studies, we’ve been targeted on enhancing 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 studies:

  • added banners and notifications that allow you to know when there are tax charges which have to be mapped in your return, with hyperlinks to these charges
  • made adjustments 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 an alternative 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.

Get pleasure from Xero financial institution feeds with Allied Irish Financial institution — UK

Since Brexit, our Monetary Conduct Authority licence within the UK might not be ‘passported’ to different EU nations, and we have been pressured to show off our financial institution feeds in Eire. We’ve got not too long ago been permitted as an Account Data 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 observe quickly.

Collate, ship and signal paperwork in Xero — UK

Doc packs will go stay within the UK on 4 October 2022. This safe e-signing answer 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 possibly can share accounts and tax returns for firms and people immediately together with your shoppers for overview 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 observe workers not must 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 keep these information, in addition to simply toggle between particulars when submitting a tax return.

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