Simplifying your accounting functions can be easy as pie when you know how to utilize cloud accounting programs such as Xero. Now that SMEs are on the move to the cloud this 2021, let’s see what product updates and new features will make you migrate to Xero.
Xero is a cloud-based accounting software that helps business owners like you to manage your numbers, and to keep your financial data secure. It’s also accessible even when you’re on the go; all you need is a steady internet connection, and a device so you can keep tabs on your finances.
Xero continuously improves their functionalities for a more seamless and automated accounting process for users. Let’s see the latest updates in the software this quarter.
Now that flexibility is a must, Xero makes sure they are easily accessed— even on mobile devices. They hosted five Xero mobile apps which are working on both android and iOS: Xero Verify, Xero Accounting, Xero Projects, Xero Expenses, and Hubdoc.
You can now report your JobMaker claims on a quarterly basis to the Australian Taxation Office (ATO) using Xero Payroll.
If you’re qualified for the program, here’s a tip on how to process JobMaker in Xero.
Make sure you’re using Single Touch Payroll (STP) so you can identify eligible employees for the JobMaker incentives, and then report it to the ATO so they can issue payments accordingly. All that’s left to do is to add the item into your staff’s payslip.
Xero rolled out the multi-factor authentication (MFA) to augment their safekeeping measures around their clients’ data. They created Xero Verify so users will receive push notifications everytime they use their app. This way, Xero can make sure it’s you who’s using the account.
Find your expense claims faster with the new filters in Xero Expenses. Sift through files by category and edit, approve, or decline accordingly.
Part of Xero updates for 2021 is the matchmaking tool embedded in the Advisory Directory.
Through this feature, you can now find Xero advisors that suit your business needs. Just complete a form with a few details so Xero can make sure you’re matched with a suitable advisor.
The growing product updates of Xero for 2021 proves that the platform is very intuitive and tailor fit for the growing needs of SMEs. If you’re looking for a cloud accounting program to move your numbers into, then it’s high time to try Xero.
Let us help you harness the power of the cloud in managing your finances. Download our latest whitepaper Cloud Accounting for Small Business to know how the cloud improves and simplifies your accounting matters.
