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.
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.
Do you know a U.S. small business in need of a financial makeover? We’re teaming up with our add-on partner BodeTree to give a business the opportunity to get advice from a team of experts and be featured in an episode of MSNBC’s “Your Business” later this year.
The makeover will consist of financial experts analyzing the operations of the winning business and providing feedback they can use to become more successful. Here’s how Bodetree helped an auto shop capitalize on hidden opportunities:
Our panel will then review each applicant and reach out to the compelling entrants for more information. To be eligible for this contest, the business must be located in the continental U.S., use Xero as their primary accounting platform and connect a free BodeTree profile to their Xero account.
Honoring our partners’ increasing innovation and enthusiasm, we presented nine awards ranging from the Accounting Partner of the Year to the Xero MVP Award, which celebrates the winner’s impact on the accountancy profession in 2013.
These awards are a wonderful opportunity for us to acknowledge our partners for their provision of Xero services and corresponding delivery of high quality marketing.
Congratulations to the winners!
Accounting Partner of the Year 2013
Curtis McLean (now Deloitte Private) – Wellington
Long standing Xero partner Curtis McLean has been recognised for its contribution to referring new organisations to Xero, and as a thought leader in acquiring and retaining clients.
When I attended my first Xerocon in 2013 after five weeks with Xero, I immediately sensed an air of excitement that resembled what I imagine a revival or a movement would be like. The same feeling arose this year as I watched accountants and bookkeepers flow into the Viaduct Events Centre, ready for what Xerocon New Zealand 2014 would have to offer.
In my keynote this morning, I referred to Simon Sinek’s ‘The Golden Circle’, which talks about how great leaders inspire action. Most organisations know what they do and how they do it, but very few know why. It’s not just about making money, it’s about a purpose and a belief, and that’s what I’ve come to see in Xero. We’ve got a purpose, a cause and a belief in what we do and our partners believe it too.
A group of New Zealand’s top media and accounting partners joined Rod Drury, Amanda Armstrong and Stuart McLean for an intimate fireside chat (minus the fire, ‘cos it’s mid-summer in Auckland) at Generator last night, following day one of Xerocon New Zealand 2014.
Accounting partners Edwin Read from Rightway - an innovative, 100% Xero firm based in Martinborough, and Neil Sinclair from Winstanley Kerridge joined the group for a chinwag, as well as Dr Michael Fraser from NZICA and Russell Jones from ASB.
More than 900 accounting, bookkeeping and add-on partners flooded into the Viaduct Events Centre in Auckland this morning for Xerocon New Zealand 2014. The line was long, but we got everyone inside eventually!
MC Petra Bagust kicked things off this morning. She was excited, talking about our values – love, beauty, transformation, fun. She described the atmosphere as majestic, magnificent, amazing and life-changing. “This is the kind of conference I want to be involved in!” she said. Same!
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