Xero Tips & Integrations

  Xero News - key things for 2020   Wondering what's on the horizon during 2020? Here is our Xero News - KEY THINGS FOR 2020 - from Xero's recent "accounting trends for 2020" blog, as well as from last November's Xerocon event.     Taking Care Of Cash Flow   This year will see Xero build on their in-product cash management reports & tools (which is currently in beta). We signed up for the beta program back in November last year, and are now Xero Cash Flow Specialists.   Cash flow forecasting & management has always been an important process for any business. Not only in terms of meeting costs from suppliers & taxes, but also in terms of being able to invest in business growth (for example, new equipment or taking on staff).   We hope that this functionality will soon be able to provide you with some much needed data on your cash flow movements. However, if there are gaps in...

  Xero Expenses - How To Make Expense Claims Easier   Do you currently spend too much time getting expense claims processed?   Or do you leave it to the last minute, then forget what you spent & where?   Xero Expenses will make the whole process quicker & easier!   Xero Expenses is an invaluable tool for those who regularly submit expense claims, or are currently spending too much time locating & collecting paperwork.   The key to getting simple processes done quickly & correctly is to utilise automation.  By making the whole process quicker to do & easier to manage, you can then spend your time doing more important things instead.  Like growing your business, taking on more work, or having free time back with family.   The benefits of Xero Expenses:   Business owners, managers & employees can all enjoy the benefits that an efficient expense claims process can bring.   Never forget or lose receipts ever again - capture expenses & receipts,...

The main news in the Xero-sphere over the summer is the way bank feeds will be operating. New EU standards, that are due to take effect from 14 September 2019, will change the way that some banks connect to Xero. Specifically, Yodlee & Barclays bank feeds (in the way that they are at the moment) will no longer be available, so to comply with the new requirements, Xero will be migrating existing feeds to their new solution between now & 14 September.  Xero are regulated & authorised by the FCA to access bank information when you ask them to (i.e., setting up the bank feed). As we get closer to this date, to ensure your bank transactions continue to flow into Xero, you may need to update your existing bank feed to a new open banking direct feed. If you'd like to read Xero's full blog on open banking, please read here,   Xero really does...

  Setting up a payment service through Xero (so your customers can pay you using their debit card or credit card) can have AMAZING effects on both your cash flow and your time. Buyers are used to paying instantly when online shopping - one-click payment makes this easier. When a payment service IS offered to your customers: Invoices are paid on average 35% faster * Your waiting time for payment is cut by 13 days * Xero automatically processes the receipt of the payment & marks the invoice as paid.   We've recently partnered up with Stripe, and have an exclusive offer!   So you can try payment services for yourself, Stripe have kindly given us exclusive offer codes!  😁 This exclusive offer code gives you up to £5,000 fee free card processing - worth up to £70!   If you'd like 1 of these exclusive offer codes, please get in touch and we'll be in touch to help you set Stripe up!   Xero...

  Keeping your data secure (especially your financial data) is as important as ever before. Find out why two-step authentication is important Two-step authentication is used by many internet banking and online services to provide an additional layer of security, where you use a device to generate a random code to access your account. In this case, by using the Google Authenticator app on your phone. I'd also recommend that you ask all users in your organisation to set up two-step authentication for themselves too. Set up two-step authentication for your own Xero login Don't share your Xero login details and password, and protect your financial data by ensuring all users of your Xero organisation have two-step authentication enabled! Xero really does help all businesses regardless of size or complexity!  To find out how Xero can help your business contact us today. ...

Doing work for your customers is one thing. It's another to ensure that you're paid, and on time. Unfortunately for many small businesses, the latter takes up as much time as the work did itself, and it's likely the task that gets done in the evening or weekend to keep your working day free to do jobs (or the other way round depending on your trade) - but in almost all cases encroaches on the time that should be spent doing something else. So, how do you maximise the chances getting paid faster, without needing to spend lots of valuable time and energy on the task? The key is to use the functionality of Xero, as well as a few key apps that integrate with Xero...

When you haven’t got an automatic bank feed set up, here’s a quick guide on how to manually import the bank transactions… log in to your internet banking and download as a csv file open up the spreadsheet and delete any unwanted columns (the ones you want are date, description, amount - things like balance are irrelevant) save as a csv from the Xero dashboard, on the bank account you want to import a statement for, click manage>import a statement click 'browse' and select the csv you have just saved click 'import' you may need to assign some columns to the correct fields in Xero. The only two you must ensure are correctly assigned are date and transaction amount when the import is complete make sure the 'statement balance' per xero agrees to the actual balance per your bank statements in real life.  If it doesn't, let us know asap! repeat for any other bank account. Then you are free...