Entryless automatically generates accounting entries from bills in any format and syncs them into Xero eliminating manual data entry of your bills.
Entryless is an Accounts Payable as a Service that frees up staff resources, by crunching and syncing all accounts payable data into Xero, allowing companies to manage their accounts payable data online.
Who is it for?
Entryless helps accountants and bookkeepers to scale their practice by automating a key back office function. It enables business owners to make better decisions by obtaining faster financial statements.
Update: Self-paced learning is now available for US and Australian accountant and bookkeeper partners as well. Rest of world soon to follow!
Accountants and bookkeepers can now experience self-paced e-learning inside Xero. The new Training tab in My Xero for Partners is now available, where accountants and bookkeepers can learn online about Xero at their own pace – anywhere, anytime.
This exciting release will be rolled out for the UK and NZ editions of Xero, followed by the US and Australia, and comes after last month’s launch of Xero U, which brings live training events like webinars and classroom courses together in one place at xero.com/xero-u.
More than ever, we’re on the move and we’re busy, and not everyone in your accounting practice is on the same schedule. Self-paced learning will enable your practice staff to become certified Xero experts, complete other courses, and monitor training progress to continue growing and accelerating your practice.
Check out our video to see how it works!
Read more about Accountants
As many economists predicted, the New Zealand Reserve Bank has raised the Official Cash Rate (OCR) by 0.25% today. The OCR was originally 2.5% and is now 2.75%. By the end of 2016, economists expect the OCR to be between 4% and 5%, as the Reserve Bank tries to limit inflation by lifting interest rates.
Rising house prices, increasing immigration and booming construction activity are all creating a lot of the inflation pressures. This pressure is being slightly eased by the high exchange rate on the kiwi dollar.
What does this mean for owners of small to medium enterprises (SMEs)?
We talked to Lisa Martin, Managing Director of GoFi8ure and Vice President of NZBAI (also winner of Bookkeeper of the Year at the Xero Partner Awards 2014) about what the Official Cash Rate means to New Zealand small businesses.
Read more about Accountants
At Xerocon, Auckland we were excited to unveil Farming in the Cloud, which will be ready later this year in New Zealand. This connection with our farming partners will deliver real-time, single ledger reporting to farms for the first time – and it’ll be great for our accounting partners with farming clients.
The solution allows farmers and their accountants, banks and rural service companies to work together from the same set of online, real-time data, and will provide one centralised home for accounting and farm management tools.
The launch of US Payroll in December was a huge milestone for Xero, but the launch was just the first of many steps to deliver the ultimate payroll feature – it’s a marathon, not a sprint. There are always bumps in the road, but our team is focused on developing the most important features and delivering the best possible customer experience.
The end of the 2013/14 UK tax year is just around the corner. And that means it’s time to start focusing on completing those year-ends – as well as planning ahead for the new tax year.
We’ve put together a five-point checklist for getting your house in order before the end of March. This ‘best practice’ approach will help you tie up those year-ends and really get the most of out Xero in the coming tax year.
1. Speed up sign-off with your Xero client
If you’re already using Xero, you’ll know all about the advantages of our single ledger. Having instant, mobile access to your client’s financial position really helps when you’re collaborating to sign off their accounts. Take them out for a coffee – after all, with Xero Touch you don’t need to be at the office. Maybe even treat them to a ‘duffin’ (no, we had no idea these existed either!). And if the client can’t meet in person you can always invite them to a Google Hangout or Skype call, making the most of the cloud-based sharing options Xero offers.
What’s important is that you have that an in-depth, open conversation about their current financial position. You can review their transactions, pick up any queries they’ve not resolved and run comparative reports to spot any obvious anomalies.
Tarryn Brent and I were thrilled to share tips for marketing your practice with bookkeepers and accountants at Xerocon New Zealand 2014. We talked about what businesses can do to retain clients, win new clients and convert existing clients to Xero. You don’t have to do everything we recommend, but a little goes a long way to ensure your practice is moving and changing with the times.
Read on, for a summary of what we discussed.
Annual reporting in New Zealand will be simpler and less time consuming for small to medium size enterprises (SMEs) when new reporting legislation takes effect on 1 April 2014.
Under the new legislation, SME’s will no longer need to produce statutory accounts in accordance with External Reporting Board (XRB) standards. Although they will have to produce general purpose accounts for management, the IRD and the bank. Since most SMEs really only prepare end of year financial reports for the tax man, the new legislation will allow them to use tax requirements as their minimum reporting threshold.
You can now easily create invoices in Xero based off billable time tracked against Chrometa. Chrometa is a tool that allows you to capture hours by automatically tracking the time you spend on your computer and smartphone.
Chrometa passively captures time spent performing computer-based and mobile work. Using keyword-based rules, it automatically assigns time to the appropriate project and rounds up to six or 15 minute increment. The end result is more accurate and complete timesheets with the minimum amount of effort on your part.
Who is it for?
Chrometa is for professionals who need a way to capture time spent on multiple projects and accurately invoice their customers.
Last November we profiled our Partner Enablement team in the UK – we work with our partners to help make the transition to Xero as seamless as possible. And then support them along the way as Xero becomes an integral part of their practice.
This time around, we go into a little more detail around the ongoing support we give to our practice partners. We’re very proud to work for a company that offers this highly technical, bespoke service to Xero partners completely free of charge. So, how do we do it?
Getting to know a partner’s client portfolio
To begin with, we’ll work with a new partner to find the clients who’d benefit most from using Xero. Some businesses will get more from a cloud-based accounting solution than others, so it’s important that we get this right.