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Xero update: Building blocks for bigger things

Posted 3 years ago in Advisors by Matt Barnett
Posted by Matt Barnett

Time flies, it’s November already and with it comes the penultimate Xero release for 2014. Some big things just around the corner, more about those later.

Anyway, on with the show and what’s new in Xero…

New Movements in Equity report
How much of the business do you really own? As with the new Balance Sheet and Profit & Loss, the new Movements in Equity report allows you to customize your report with editable account groups and formulas.

Add additional text to new reports
You can now add text at the beginning and end of all new reports. This should prove useful for accountants wanting to add some additional commentary, thoughts or insights to reports. And if you’re after report footers & disclaimers… hang in there, they aren’t too far away.

Create cash receipts
Following on from receipts on invoice payments in September’s release, you can now send and print receipts from Receive Money transactions, making it easier to thank or give proof of purchase to your customers.

To allow your cash receipts to be formatted in the way you want, we’ve added drag & drop rows, and description only lines to Receive Money.

We’ve also extended this feature to those of you using Xero Cashbook.

Invite our Customer Experience team
We get lots of great feedback about our support. To make it even easier to access that support, if you have the ability to manage users then you now have the easy checkbox option of inviting our team into your organization when asking for help. This will help to more quickly get to the heart of a matter.

Invoice and bill display & search improvements
In response to this post on community, rather than always having your old deleted and voided invoices & bills staring you in the face, they’ll now be hidden from list screens – keeping things much tidier. However, if you need to look up a deleted or voided item, you can still find it via a new checkbox option in the invoice/bill search.

include deleted voided

View and print remittance advices
Remittance advices tell suppliers what we’re paying them for. However, it’s not so ideal when they demand a paper copy of the remittance and you have to email it to yourself to print it out. However, that’s now a thing of the past – we’ve added an option on both single and batch bill payments to allow you to view (and print!) a remittance advice directly in Xero.

More of a say!
We mentioned this last time around; but just to reiterate: we’ve doubled the number of votes you have in Community from 5 to 10. Please vote, it really does make a difference – so far in 2014 we’ve added 85 of your ideas to Xero.

Along with all the above there have been many smaller changes (notice anything different when logging out of Xero?) and a whole lot of groundwork for good things to come: quotes, inventory, improved searching right across Xero, batch recoding, business performance KPIs and repeating journals – just to name a few.

So watch this space – there’s lots more on the way.

7 comments

Mary-Clare Switz
November 24, 2014 at 11.14 am

Love, love, LOVE being able to view remittance advices. Thanks @Xero!!

Katrina Houlbrook
November 24, 2014 at 12.10 pm

Pleased to have the deleted and void button option now Looking forward to repeating journals!

Nigel
November 24, 2014 at 2.14 pm

Lots of good releases recently! Sometimes using the new features takes us a while to bed in.

Your September release included the handy Batch Deposit functionality – and I want to flag up that it only seems to work if all of your unpaid invoices fit on one page – i.e. fewer than 200.

Right now we have lots of invoices and cheques and it would be a great time saver – but we can’t use it as they don’t fit on one page! It would be better to be able to see all unpaid invoices at once or be able to carry over the selection from page to page.

Gayle Buchanan
November 24, 2014 at 6.55 pm

Totally appreciative of all the updates and taking notice of the votes and gizzillions of updates requestedt. To be honest, it’s fly swotting time of the year and please one day IR make January Payment the week AFTER we come back – December is a nightmare (sorry Santa)

Susan Miller
November 26, 2014 at 11.57 am

I can’t see this new feature to automated receipt and how to set it up anywhere. Can you give me a link to a help function (as I couldn’t find it there either).
That makes it so easy for customers to confirm we have received payment rather then having to go back into it to confirm and send.

Matt Barnett
November 26, 2014 at 12.26 pm

@Mary-Clare, Katrina, Gayle – thanks for the comments, glad to hear this update was useful!

@Nigel – the multi-select across pages is something we’d like to do at some point in the future, just not at the top of the list at the moment.

@Susan – automation wasn’t in the plan (or planned anytime in the foreseeable future) for cash receipts. I can definitely see how it would be useful, but there are complexities; eg. how to handle a payment created for the wrong contact, etc. Thanks for the feedback.

Ed Eikelboom
June 23, 2015 at 3.17 am

Matt, I don’t understand your statement under the Create Cash Receipts heading “To allow your cash receipts to be formatted in the way you want, we’ve added drag & drop rows, and description only lines to Receive Money.’ Where can I find this drag and drop feature and how do I use it?

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