Last week the Business Continuum team attended the Xero Roadshow in Melbourne. These events are always a great opportunity to catch up on the latest news from the Xero camp and with some of the app partners doing interesting things to enhance the Xero experience for accountants and small businesses.
Here’s a few of our highlights from the roadshow:
1. Fixed assets with tax
Joe Salvati (Head of Partner Solutions) announced that Xero will be incorporating tax values into the fixed assets module of Xero. This much anticipated development will allow accountants to set up tax depreciation on the fixed assets register including pooling.
2. Xero Tax
Some nice updates for Xero Tax were unveiled – and there are a few more on the way. You can now set up multiple customised email templates for sending your eSign tax returns and activity statements. There’s also a reminder email template for following up clients who haven’t signed their tax documents yet, which is a precursor to automatic email reminders (currently in development).
A faster, more intuitive Xero Tax user interface is being rolled out this year with new tax forms. Matthew Prouse (Partner Solutions Manager) demonstrated a cleaner UI that’s designed to make it easier for the user to speed up the processing of tax returns.
Matthew also unveiled Xero’s partnership with Tax & Super Australia that would see the integration of their tax knowledge base directly into Xero tax forms. Accountants and bookkeepers will be able to access the latest, up-to-date information direct from Tax & Super Australia for each line item of a Xero tax form.
3. Xero HQ recap
Matthew also took us through a great recap of Xero HQ features. These included adding client notes and tagging clients (like Gmail labels). He also explained how you can set up custom alerts in Xero HQ – for example, to notify you when a client organisation has reached a certain number of unreconciled bank transactions.
4. Clone organisations
This feature was first announced at Xerocon South last year and is now close to launch. Users will be able to copy data across from an existing Xero file when setting up a new one, which will help to save time setting up bank rules, chart of accounts, contacts and tracking categories. This will be a great time-saver for accountants and bookkeepers.
5. The food!
Xero sure does know how to put on a good spread, and the mini beef rolls were our favourite – enough said!