Topic 2

Implementing products for your practice


Implementing products for your practice

Sometimes it’s hard to step away from what you’ve always done and the processes you’ve always followed – so the more help to make the move to the cloud an easy one, the better. Below are some partner tools we recommend to keep you organised. We’ve also got introductory courses on how each practice product can benefit your business.

Graphic showing the four elements of Xero's cloud-based platform: Xero, Xero practice tools, connected apps, connected practice apps

Xero’s cloud-based platform connects small businesses and their advisors

Topics covered in this chapter:

  • What partner products does Xero offer?
  • Putting it into practice

What partner products does Xero offer?

Partner products help you unlock efficiencies within your practice and collaborate easily with clients.

No two practices are the same, which is why Xero integrates with a range of specialised products to help you work even more efficiently.

Now is also a great time to touch base with your account manager to determine what your practice might need.

Xero Cashbook and Xero Ledger

Even your smallest clients can move off spreadsheets and onto Xero using a Xero Cashbook or Xero Ledger.

These simplified versions of Xero’s standard accounting software are perfect for clients who don’t want to go near a computer. The tools you use to prepare management and annual reports run on the same ledger that your clients use, it’s better for cash flow, more profitable and your clients will love you for it.

Find out more on the Xero Cashbook and Xero Ledger online education course.

Xero HQ

Xero HQ provides a central hub for all your client and practice data, activities, and reporting. It’s designed to integrate with other leading apps, allowing you to run your practice the way you want to.

With Xero HQ you can:

  • provide superior client services with real-time visibility and insights

  • bring all your client contacts together on a single client list

  • use the activity feed to keep an eye on all of your client and practice activities

  • use the Explorer tab to get insights into your client base

  • provide your clients with detailed, up-to-the-minute information using Xero’s powerful reporting tools

  • connect with Xero HQ apps

Find out more on the Xero HQ online education course.

Xero Practice Manager

Xero Practice Manager (XPM) gives you powerful tools to manage your workload and manage your time easily with workflow progress reports, integrated client data, and streamlined client invoicing.

With XPM you can:

  • streamline client invoicing, convert work-in-progress records to invoices, and bill your clients directly from within XPM

  • define your own jobs to manage workflow, create tasks, and monitor staff performance and client profitability

Xero Practice Manager is free for all partners holding a silver or higher program status.

Take advantage of the XPM master classes in Melbourne and Sydney this November, or find out more with the XPM education course.

Xero Projects

If Xero Practice Manager isn’t suitable for your practice, Xero Projects is a great free alternative. It lets you capture, track and report on time and money spent on each job, helping you manage your practice more efficiently.

As a benefit of the partner program you can use Xero Projects at no extra cost. To start using Xero Projects, log in to your Xero practice and navigate to the Projects tab.

Learn more about projects.

Xero Tax

Xero Tax is one tax solution for all your clients, even those not on Xero. It gives you the freedom to collaborate, prepare, and file income tax and GST returns for all your clients, anywhere at any time.

Use Xero Tax to prepare, review and lodge returns for individual, partnership, company, trust, SMSF, FBT, and activity statements for 2014, 2015, 2016, 2017 and beyond. To get going, you can easily import details from the ATO or from existing accounting software.

Xero Tax is integrated with Xero HQ and Xero Practice Manager so they’re always in sync.

Xero Tax is free for all partners holding a bronze or higher program status.

Find out more on the Xero Tax online education course.

Xero Workpapers

Take control of your compliance workflow with Xero Workpapers. You can send queries, store documents and manage all your workpapers in the cloud, as well as staying connected with clients, working faster and improving your workflow. 

With Xero Workpapers, you can: 

  • import data and trial balances
  • handle client queries in the cloud
  • store documents for easy retrieval

Xero Workpapers is free for all partners holding a silver or higher program status.

Find out more on the Xero Workpapers online education course.

Putting Xero into practice

Knowing where to start with Xero can be daunting. The following steps can help you get started:

Reach out to your account manager
If you haven't already, speak with your account manager who can help you find your way and support you throughout your journey. Not sure who you're account manager is? Check out the directory.

Teach yourself with Xero U education
Xero U lets you learn at your own pace. With a collection of live and online courses, webinars and events, you can learn all about Xero and how to get the most out of it for your business.

Xero’s in-house partner consulting services
Talk to Xero’s partner consulting team and see how their paid services can support you, whether that's from implementation or staff training.

Certified implementation partners
Reach out to one of our implementation partners to help your transformation and ensure your transition to Xero is a breeze. Complete the form and our partner consulting team will put you in touch with the right partner.


Checkpoint

Download the Implementing products for your practice checklist (PDF)

Download checklist

All topics:

1. Why cloud accounting is good for business

2. Implementing products for your practice

3. Help clients jump to the cloud

Next topic:

Help clients jump to the cloud
Once your practice is set up on the cloud, your staff are on board, and you’re sorted with Xero practice products, then it’s time to get your clients to make the move.

Read topic 3

Help your practice thrive with Xero

Check it out