Today we’re excited to offer Workpapers on open release to Australian and New Zealand accountants. This follows the acquisition of Spotlight Workpapers in July last year, with the product in closed beta since then. During that time we’ve had over 100 accounting firms working with us globally to put the product through its paces.
Workpapers makes core compliance services much more efficient by allowing accountants to seamlessly connect Xero data with online workpapers, for faster preparation and review than traditional products. Improved client query functionality provides clients with the ability to upload any additional information straight into the software. Check out the video for a full overview:
Workpapers is part of our disruptive single ledger strategy of building core accountant features around the same data as client features. Within the next 18 months, Workpapers will be redesigned and merged with practice management, tax and reporting software into a product called Practice Studio. As a further disruption to the accounting software market, we’re giving these tools away as part of the Xero Partner Program.
This is an exciting time as we continue to invest heavily in providing our accounting and bookkeeping partners with all the tools they need to work more closely with small businesses. By helping to streamline compliance work we free our partners up so they can invest their efforts in providing higher value advisory services that really make a difference to small businesses.
We’re working hard on getting Workpapers out the door for UK partners later this year, with the US to follow.