Xero Tips & Integrations

  Xero Product Updates - May 2020   The Xero Product Updates this quarter have been mainly around supporting businesses through the Coronavirus Pandemic.  There have already been many changes to Xero Payroll over the past month around furlough leave.  And at the time of writing (13 May 2020), we are still waiting for the last parts of these updates to go LIVE.   Catch up with last quarter's product updates here...

  COVID-19 - What's Currently Available To Small Businesses   We've had a few questions today regarding what's currently available to small businesses. To make sense of things, we've have put together our top information from the last couple of days!   Here is the guidance on what's currently available that we are aware of.       Support for businesses in terms of business rates   First of all, there will be a £10,000 grant available to businesses that currently pay either no or little business rates. This is because they already claim small business rates relief. This is designed to cover other business costs.   Similarly, there will be a £25,000 grant available to retail, hospitality and leisure businesses. This is for businesses that operate from premises with a rateable value between £15,000 and £51,000.   The mechanism for this will be released in the coming weeks, and it will be administered by your local authority (District/Borough Council).     Support for businesses who are paying...

  Quarterly Xero Product Updates - February 2020   The Xero Product Updates February 2020 webinar started by saying: "we've been working on LOTS & LOTS of updates over the last 3 months, it's been busy!"   Read all about the November 2019 Product Updates here.   So, with my pen racing to jot each down before the next one came along, here are our  TOP PICKS from the February 2020 Xero Product Updates webinar...

  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 Product Updates - November 2019   I love tuning in to the live quarterly Xero product Update webinars!  There's usually so much going on - updates & tweaks to benefit business owners, as well as tools to support book-keepers & accountants.  Brilliant!   This quarter was no exception to the rule.  Fresh from Xerocon London mid-November, there are many quite big developments on the horizon for cash flow reporting & making bank payments straight from your Xero screen.  Expect lots more on this going into 2020.   For now, here are the best Xero Product Updates from the November 2019 quarter ...

  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. ...