We share with you some new Xero updates and features to help you to run your business. Fixed Price Tasks In Projects Xero has added a useful new task type in Projects. It allows small business users to track variable hours on a task, while still charging it out at a fixed price. This will
Location Tracking Many businesses, particularly trade and construction businesses, involve moving around from job to job. Accurately tracking the time spent on individual jobs is essential to help with paying employees, assessing the profitability of individual jobs, and to help with quoting on future jobs. However, manually tracking the time spent on different jobs can
We share some expert tips and tricks for getting the most out of your Xero accounting software. 1. Bank Rules Xero bank rules are a great way to automate reconciling transactions in Xero. Bank rules are best used for transactions that need splitting out, such as entertainment expenses which are 50% deductible and 50% non-deductible.
We share some of our favourite shortcuts in Xero for today's date and future date entries: A guide to the shortcuts used in Xero for past date entries:
Here are some of our favourite shortcuts in Xero search:
The second in our series of our best tips and tricks for using Xero and getting the most out of your Xero accounting software. Issue # 1: Applying the correct GST rate to overseas sales. Solution: Overseas sales have GST but it is zero rated. If your business has overseas sales, it is best to
Cash coding is a quick and easy way to create and reconcile multiple spend and receive transactions to match with imported bank statement lines. Using cash coding for the reconciliation of bulk transactions can save significant time and reduce the chance of errors. During the cash coding process, if you complete a field and it
As more and more of our clients make the move to Xero for their accounting software, here are some of our tips for keeping your Xero system efficient and accurate. Issue # 1: Coding-suggested transactions that can lead to some transactions being incorrectly coded. Solution Xero’s "suggested transactions" feature is quite clever and it’s tempting