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Latest product news – June 2021

Posted 4 months ago in Product by Anna Curzon
Posted by Anna Curzon

This month, many of our new features are focused on the payments and invoicing experience in Xero. These include the arrival of a highly requested feature in Hubdoc, as well as the ability to print a packing slip from an invoice and get paid in multiple currencies. Check them out below and as always, reach out to our team if you need support.

New features

Set a default due date for bills in Hubdoc — Global

Since we bundled Xero and Hubdoc together, we’ve introduced a number of new features that make it easy for you to capture bills and receipts in Xero. Our latest feature allows you to set a default due date for suppliers, on your terms. This is useful if the date isn’t included on the bill, or you want to pay all your bills on the same date.

Print a basic packing slip — Global

When sending goods to customers, you may want to include a packing slip. You can now print a basic packing slip from an approved invoice, without needing to create a new template (available in new invoicing only). If this simple version doesn’t suit the needs of your business, you can still create a bespoke template in Xero.

Receive payments in multiple currencies — Global

If you’re using our new GoCardless integration in Xero, you can now set up payment accounts in multiple currencies. Simply visit the Payment Services settings screen and add one or more payment accounts in the eligible currencies that your customers use. This feature is currently available in the US, Canada, UK, New Zealand, Ireland and Europe.

Send quotes with attachments on the go — Global

You can now add attachments to your quote when sending it via the Xero Accounting app on your mobile device. This means you can share your terms and conditions, brochures, images or other materials relevant to your quote, and they’ll be included in the email to your customer.

Save time lodging TPAR payments — AU

We’ve recently made improvements to our Taxable Payments Annual Report (TPAR) in Xero, to help you lodge payments for contractors and subcontractors with the Australian Tax Office. The changes include new validation rules to highlight any records that need updating, as well as a history and notes section that will record when the TPAR was lodged, who lodged it, and its current status.

Lodge tax returns early in Xero — AU

If you’re a tax agent who is preparing a tax return before the end of the current reporting period, you can now complete a future year tax return in Xero. Future tax returns must be lodged no later than 15 June.

Add a file to a PVA entry on your VAT return — UK

If you import goods to the UK and use Postponed VAT Accounting (PVA), you’ll receive a monthly statement from HMRC called MPIVS. You can now attach these statements to PVA adjustments in the VAT return in Xero. This means you won’t need to store documents in separate places, which will save you time when accessing and reviewing your records.

Comply with VAT changes in WorkflowMax — UK

In March 2021, HMRC implemented new VAT legislation for the UK construction industry. It’s a new way of accounting for VAT on invoices where the customer is VAT registered themselves. WorkflowMax has now been updated to account for this change, so you can mark clients as Domestic Reverse Charge applicable, which allows reverse tax rates to be applied to quotes and invoices by task and cost line.

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