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.
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.
After months of planning and preparation our biggest roadshow ever in Australia has come to a close in sunny Perth.
And what a way to finish with the announcement that we have reached a major milestone in Australia – 100,000 customers! We presented to over 5,500 registered attendees across 20 locations – from regional centers such as Bendigo, Wollongong and Dubbo to Launceston, all the way to the top end, then down to the final destinations of Adelaide and Perth. Sit back and watch the roadshow wrap-up video.
I was blown away by the levels of enthusiasm and energy I witnessed at each event I went to. It was great to see so many partners, bookkeepers and accountants seeing the value in the cloud, showing enthusiasm and embracing what we do – some partners even felt compelled to applaud when we announced certain Xero features such as Tax, which was awesome to see.
Great to catch up with Dennis Howlett in San Francisco this week and chat about tech. We talk about the impact of Google, mobility and what is Apple doing with these rich iPad productivity apps.
Dennis’s latest thing is Diginomica.com which is a great read for people that love the technology industry.
I’m up in San Francisco this week as our new North American CEO Peter Karpas joins the team.
There was video crew in the office so managed to get him on film …
When I first met Peter at PayPal a couple of years ago I thought he was one of the smartest people I’d met and we had a great session sparking off each other. It’s fantastic to have him on the team and leading our US efforts.
We’re thrilled to announce that we have reached 100,000 paying customers in Australia today. It’s been an amazing journey since I started at Xero three years ago, and it’s just getting better. To commemorate this milestone and thank our Customers, Partners and wider ecosystem, we made a video.
Check it out:
Rerun makes recurring billing easy. It’s a web-based solution for any business, organization or association that wants to automate their recurring, subscription or membership billing.
Rerun allows you to accept credit cards or bank transfers from customers for your products or services, making it easier to manage your business. Create custom payment streams to match the services or products you offer, and let Rerun automatically bill your customers.
Who is it for?
Rerun is for business owners who want to automate customer subscriptions and billing. For example, a Daycare can provide flexibility to parents by accepting payments on a weekly, monthly, quarterly or even annual basis.
How Rerun works with Xero
Rerun easily connects with Xero to retrieve customer, item and tax rate data. You can set up recurring and one-time payments in Rerun. The invoices are paid in Rerun, and the completed invoices are sent to Xero.
Where you can use Rerun
Rerun is built for US & Canadian businesses. Check out their pricing plans.
It’s free to set up your Rerun account
With Rerun, no monthly fees or merchant account is required.
Sign up to try Rerun with Xero.
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.