The best Xero Product Updates - AUGUST 2024
CORE XERO
Bank Reconciliation report - You can now manually enter your bank statement’s ending balance, to help you quickly check if your balance in Xero matches your actual bank balance.
New Invoicing - Xero are retiring classic invoicing in November, and features there are being rolled over into the new version over the coming months. When you email your invoice, you'll be able to see a side-by-side preview that shows what your email to your customer will look like in real time.
Products & Services Inventory List - You can now edit and make adjustments to your items without leaving the product and services screen.
Bills - You can now bulk void bills.
Xero Bill Payments - This should now automatically extract and validate bank details from bill attachments.
XERO MOBILE APPs
Xero Mobile App - you now have the ability to void an unpaid invoice directly within the Xero Accounting app.
Hubdoc Mobile App - you can now upload multiple photos from your device (up to a maximum of 10).
If you aren't using any of the Xero Mobile Apps, or haven't used any of them for a while, it's definitely worth checking them out - we use them for our own bookkeeping & reconciling!
XERO PAYROLL
You can now easily manage your employees' working patterns supporting non-traditional working hours, such as four-day work weeks.
Employee pensions setup has also been simplified with additional guidance and increased flexibility to edit and update fields.
You can now select a custom leave year for leave to accrue as you wish.
PAYMENT SERVICES
New payment methods with Stripe: In addition to credit cards, debit cards, and digital wallets, you will soon be able to offer 'bank transfer' and 'buy now pay' later options.
If you’re not offering your customers different ways to pay you, check out here what's available - https://apps.xero.com/uk/function/payments
HUBDOC
Nothing new here, but keep an eye out for future updates 🙂
Other resources
You can check out the full list of Xero add-ons here:
Check out all of our latest blogs, our favourite business apps & past Xero Product Updates here:
https://www.progressionaccountancy.co.uk/blog/
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Happy Xero-ing folks!