Today we released Xero Practice Manager, our online practice management solution, delivering job, time and invoice management to accountants and bookkeepers.
This release is the culmination of months of effort by our product development team and is a strong demonstration of our investment in our partner community. Xero Practice Manager is currently available at no software license cost to members of the Xero Partner Program who have Silver status or above.
Over the past few weeks we have previewed several of the key features of this release, but today marks the general availability of the solution. For a complete overview, take a look at the video below.
By connecting client accounting (Xero itself) to Practice Manager, accountants and bookkeepers can get the benefits their clients enjoy by connecting different data sources. Like their small business clients, they become more efficient, get better control of their cashflow and have better visibility over their business.
Practice Manager also gives the ability to move from the traditional hourly pricing model to a fixed-fee, value-based pricing model. It’s not a forced migration — if you want to use Practice Manager to bill based on time, the functionality is there. But fixed-fee arrangements are also available for professionals who want to take advantage of the growing customer demand for this pricing model.
Together with Workpapers, Practice Manager is a core part of Practice Studio, our vision of integrated practice solutions for accountants and bookkeepers, delivering tangible business value while embracing the connectedness of the Xero platform and the ability to utilize a single ledger.
For practices in Australia, you will be able to get even more value out of Practice Manager with the upcoming release of additional Tax capabilities.
For more information, visit the Practice Manager page.