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!
Read more about Accountants
The momentum we’re seeing in the Financial Advisor space is continuing to grow: Wealth Enhancers is the first Financial Advisor to reach Gold Partner status, with over 100 clients on Xero Cashbook.
Picture L-R: Finn Kelly, CEO, Wealth Enhancers, Sarah Riegelhuth, Co-Founder, Wealth Enhancers, Trent Innes, National Sales Director, Xero Australia
Here’s the media release on the announcement
Read more about Accountants
I’ve just joined the Xero UK team as the new marketing communications writer in our UK marketing team. It’s been a mind-boggling few weeks, learning all the new systems, finding my feet and meeting all the great people that make up the UK team.
But one thing that’s really stood out is the dress code at Xero – or to be more exact, the lack of one. It’s definitely been a change from corporate to casual. I’ve come from a big, professional services organisation where ‘business casual’ still means ‘you can take your tie off if you’re feeling really daring’. But at Xero, and in the tech world in general, it’s much more of a jeans and t-shirt kinda vibe – and that’s truly been a breath of fresh air for me.
Wave goodbye to the suit and tie
There was a time when a suit and tie was a prerequisite for doing ‘serious business’ in most industries. If you wanted to create a professional impression, you put on the old ‘whistle and flute’, got suited, booted and attired with your most impressive neck tie and prepared yourself to deliver a very serious handshake.
But times have changed. In the 21st century the monopoly of the suit and tie and the power suit has been well and truly challenged. Some of the world’s biggest companies are in the software and tech sectors. And the relaxed, informal influence of Silicon Valley hasn’t just been limited to how we use technology on a day-to-day basis – it’s also influenced our expectations of what suitable business attire is.
We love the t-shirts!
When I first met Gary Turner, our UK managing director, he was sporting a Xero t-shirt, jeans and jacket – and that’s pretty much the way we roll here. There are no suits, there are no ties. The informality and entrepreneurial spirit of Xero is reflected in the way we dress – and that’s a great way to define our brand in an accountancy industry that can sometimes be a little reluctant to ditch the formal business suit.
To underline this, Gary even joked recently on Twitter that he was wearing a suit to an awards ceremony, only for clients to react in mock horror. ‘But we love the t-shirts!’, they responded. So clearly this laid-back approach is one that resonates with our customers.
Dressing down and loving it
So, do I miss dressing in a formal way? Hell no! The suit still clings on for life in some industries but it was never a look I felt comfortable with. You only have to take a commuter train into the city to realise that the suit is still alive and well in some industries. But there’s a definite shift amongst forward-thinking business to move away from rigid dress codes, and Xero are certainly leading the charge.
We’re increasingly working with C-suite level people and entrepreneurs, of both sexes, taking a more informal, casual approach to their clothing. And a relaxed view towards clothing says as much about a company’s brand as their advertising, marketing and PR does – seeing a successful, ambitious CEO building an empire whilst wearing jeans and t-shirt sends out a very powerful message. Steve Jobs’ jeans and black polo-neck sweater signature look was as instantly recognisable as the Apple logo. And the informality of his clothing told you a lot about the culture in his organisation.
A new wardrobe, a new outlook
So, I think I’ll be clearing out my wardrobe in the near future and consigning the business trousers and plain shirts to the bin. I’m really enjoying being more informal about what I wear to work – and it definitely feels more ‘me’. I’m no longer working to a template – I can choose to wear whatever I’m comfortable in, and that’s a real bonus in any job.
I might draw the line at wearing a tiger-print onesie to the next meeting, though…
Steve Ash is the marketing communications writer in our UK marketing team. If you’d like to come to work in a t-shirt, why not look at our careers page.
It’s here! The all-new version of Xero Touch for Android is available today for download from Google Play. We have completely rebuilt the application – it’s fast, slick, and awesome and we can’t wait for you to try it out.