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Xero update: A new Xero release

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Xero, cloud accounting software, update

Xero has added a number of new features to its software during August and September.

Here’s a quick summary of what were added on 11 August:

  • Updating the Account Transactions report so you can do things like selecting all or some of your GL accounts for a chosen period. This is part of our move to a new reporting engine. As a first step, it will only be available for Starter and Standard users – but we’ll add support for Premium users soon.
  • The depreciation report will provide similar functionality to the aged reports, showing information such as capital gains and depreciation recovered.
  • You’ll be able to search invoices, bills and credit notes by transaction amount.
  • Bank feeds will have an option that lets others refresh feeds that require Multi Factor Authentication (MFA), ensuring bank transaction data can flow regardless of which user is logged in.
  • Remittance advices have been enhanced - again! You’ll be able to add more items to the advice, including a free text field, tax number and address information in the footer.

Xero has also added new reporting capabilities to your its software. The recent release, which went live on 8 September, includes a new Profit and Loss report that delivers some great improvements:

  • more control to display what you want to see on screen
  • make a modified report the template for future use
  • re-order columns according to your preferences
  • create groups; eg. split out revenue or expense items
  • create your own formula for custom calculations you want to perform

What's more, this September release includes:

  • Batch Deposits - so you can allocate one payment to multiple invoices and create a deposit slip
  • Sales Receipting - to create receipts for your customers when you've paid invoices
  • As well as new features in the banking area.

To understand more about Xero, join its numerous free webinar and follow its blog for more updates.

If you have any queries regarding Xero, contact us today! As a Xero Gold Partner with qualified bookkeepers in Canberra, you won't be sorry to use our services. 

Source: Xero Blog