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UK Payroll now available to pay employees and report to HMRC

Following on from last weeks huge #xerospeed week, Xero with all the time-saving features you need for your business now includes payroll.

Buy or upgrade to Premium 10 before May 1st and pay just £25 per month for 12 months. This includes all the Xero features you know and love and now payroll for 10 employees. One price for all your accounting and payroll needs.

Transactions from payroll seamlessly flows through to and impact the accounts immediately – the way it should be with payroll transactions represented as journals. This impacts the Profit & Loss and Balance Sheet, reflecting the impact of the approved payroll immediately in your accounts.

Payroll in Xero was enabled earlier in the month and from April 6 you can use Xero to pay your employees and stay up to date with your tax filing and payment obligations with HMRC. RTI filings happen automatically, employees can self-service using the online employee app and lots more.

We’ve created a series of videos to help you get started in Xero U. Step through the setup process and learn more about Payroll in Xero.

You will not be able to use Payroll in Xero to manage your end of year processes for the 2014/2015 financial year. You should complete your final submission and employee P60s in your current payroll software. Continue reading ›

 

Process, Pay and File with New Zealand Payroll

Following on from the huge #xerospeed release week, Xero with all the time-saving features you need for your business now includes Payroll. From April 1st you can process your payroll and pay your employees using Xero.

Transactions from payroll seamlessly flows through to and impact the accounts immediately – the way it should be with payroll transactions represented as journals. This impacts the Profit & Loss and Balance Sheet, reflecting the impact of the approved payroll immediately in your accounts.

By using Payroll in Xero to manage payroll yourselves you stay in control of your cashflow at all times. Xero will never take money out of your account so we don’t require a letter of credit. We provide you with the bank files you need to pay your employees and information required to pay the Inland Revenue. You make these payments yourself directly.

We’ve created a series of videos to help you get started in Xero U. Step through the process and learn more about Payroll in Xero. Continue reading ›

 

Love beautiful

Love beautiful software? Our customers do.

What’s the word customers most use to describe your brand?

Don’t do any fancy research or hire any consultants. Just go listen. Listen with an ear to the words they use in the first sentence. Then keep score.

Over the past few months, I’ve chatted to hundreds of Xero customers and partners all over the world. “Like” didn’t make the top ten list. It wasn’t that they didn’t like Xero, it was that the vast majority LOVE Xero.

Love

That’s the word that was used most frequently in the first sentence. It would go something like this; “I just love Xero – it’s made me sane again”; or, “I love doing invoices right after a job”; or, “I love it – it’s just beautiful”.

Now, I know that’s all a bit rich coming from Xero’s CMO. So here’s the next step in understanding what your customers are saying. Correlate the statement to independent research and behavioral data. A friend forwarded me a piece of research from Ross Cameron, a well-recognised researcher whose latest newsletter contained this gem:

“In our most recent wave of panel interviews we asked business owners to discuss the brands that they admire. Two brands stood out – Xero and Apple. Indeed, quite a few pointed out “Xero is the Apple of accounting software!” The comments on Xero were most striking as the positive commentary bordered on the evangelical…”

Ross reported customers saying (competitor names redacted) things like: Continue reading ›

 

#XeroSpeed: delivering beautiful new experiences at pace & scale

This week has been our biggest ever release week here at Xero. We’ve released updates across our entire portfolio of products, delivering new capabilities to both small businesses and their advisors.

I’m Angus Norton, Chief Product Officer at Xero. I recently joined the company after 18 years at Microsoft, 16 of which were spent in their US headquarters. I held a number of roles across various product groups. From the Enterprise Server businesses and Bing Search, through to Developer tools and gaming. Most recently I was General Manager and Vice President of Microsoft’s Office Division. There I ran the Office 365 business and helped transition millions of Office customers to the cloud.

Xero was born in the cloud. I had been following Xero’s journey from afar for many years. Now I’m lucky enough to have the opportunity to move back to my homeland of New Zealand and roll my sleeves up and join the journey myself! I joined Xero excited about the impact it has had on small businesses, and the potential for the company in the future. This week’s releases have shown the value we can provide our customers, and the pace at which we’re working. My team has worked incredibly hard to get these products into your hands. We really hope you enjoy the results of their hard work.

Our wave of innovation this week

For those of you who haven’t been able to keep up with our announcements this week, we’ve released the following:

  • Inventory – Providing simple inventory that makes it easy for all kinds of small businesses to track the quantity and value of their stock.
  • Practice Reports – Designed for our advisors, these beautiful reports reduce the time it takes for compliance and management reporting. They also allow standardised reports that can be customised quickly and easily. It’s initially available in New Zealand, but rolling out to other regions over time.
  • Online Quotes – Helping small businesses accelerate their cashflow. With Online Quotes, a small business can send a customer a quote and, in real-time, that customer can review, approve/deny and ask questions. Ultimately leading to more work.
  • Side by Side Files Side by Side Files makes it easy to enter the details of bills, expenses and transactions. Documents are uploaded to Xero and users can view the files on-screen alongside the record they want to create.
  • Workpapers – Workpapers is our compliance and workflow solution for advisors. It has received a significant update, with a refreshed user interface, new query portal and single sign-on with Xero.
  • Practice Manager and Tax – As of April 1, all of our NZ partners using Practice Manager and Tax will have the 2015 tax forms ready for use. We also made some big improvements to the tax preparation workflow based on customer feedback.

Delivery at #XeroSpeed

We’re delivering innovation at #XeroSpeed – but we’re not stopping there. This is only the beginning. In building Xero, we’ve invested in the development and design of our product. But – just as important – we’ve invested in an incredibly diverse team of men and women from all over the world. And we’ve continued to ensure our underlying infrastructure is tuned to deliver a reliable, agile and beautiful experience just for you

Our ‘born in the cloud’ agility combined with these investments have put us in a position to relentlessly focus on you, our customers. It’s this relentless focus that has enabled us to deliver what we believe no other software company has done. We’re delivering innovations at an extreme pace and scale. No other software company producing software for small businesses, let alone the many enterprise software companies, even comes close.

Last year we delivered more than 400 updates across all of our small business and advisor products. If you are curious about this history of innovation and feature delivery, you can check out our Feature Timeline.

How have we done this?  All of this is enabled by the fundamental proposition that Xero offers. Xero is designed for the cloud. We’ve been able to design and develop our offerings to take full advantage of this model, not encumbered by an older software architecture.

Beyond that, though, we have worked hard to build scale into our product management, design and development capabilities, which has helped us evolve and grow without losing our feisty “anything is possible” startup culture. Some important aspects of this approach, include:

  • Clear vision and strategy  We’re focused on building software that helps small businesses be successful. We have a consistent, clear and aligned vision, across all our offerings, that helps us prioritise what we work on.
  • Geographically distributed teams  We’ve have an “Act local, think global” culture within our development teams. We believe in investing locally where we need to, in order to ensure we are delivering innovation that is truly global, but locally relevant. A great example of this is our San Francisco-based U.S. payroll team, and our Canberra-based Australian tax and payroll teams. All up, our development teams have tripled in size over the last two years.
  • Agile development – Our development teams operate as self-managing “pods.” These pods are small teams that are comprised of members with complementary skills and specialisations. These teams own all aspects of a piece of work from design to development. They each deliver their key part of our products, and with multiple pods working at the same time we can easily scale.
  • Team communications  Communication is critical for any company, particularly when the teams are distributed across the globe. We’ve invested in tools, processes and people that help our teams communicate. This helps the wider organisation understand priorities and the broader roadmap, while also managing those tasks that need to be done every hour, every day.

All of this couldn’t be done without a supportive company culture. At Xero, one of our values is #Ownership. Each and every one of us feels a distinct level of ownership and pride in the growth of all our customers’ businesses too! We know that our role is to deliver seamless, invisible accounting that gives you the time to do what you do best, run your business. We also value all the feedback we get from each and everyone of you, so bring it on!

So what’s next? Over the next few months we’re running Xerocon, our premiere event for our partners, in New Zealand, the United States and Australia. Iif you haven’t already signed up, then you might want to consider it.

On the product front, there’s an incredibly exciting period ahead. You can expect to see us complete delivery of our payroll offering across every state in America. You can also expect more momentum towards our ‘Xero Everywhere’ vision of delivering business insights, collaboration and connectivity, no matter where you are and on any device.

We will continue to push the envelope of what’s expected from core accounting software solutions. And unlike our competitors, we are delivering on our customers’ needs at a pace that only a ‘born in the cloud’ SaaS company like Xero can.

Thanks to everyone for their feedback this week. We’ve collected some of your comments below.

Continue reading ›

 

Benchpress: Beautiful accounting software the #1 choice for UK creative industry

Today’s guest post is written by Paul Bulpitt, small business customer and co-founder of Xero accounting partner Wow Company.

The Wow Company’s annual Benchpress survey, released this week, has shown that more independently-owned UK creative agencies than ever have chosen beautiful accounting software to manage their businesses.

The industry’s adoption of Xero has increased dramatically from 19% in 2013 to 49% in 2015, making Xero the number one choice of accounting software for creative agencies.

Benchpress, Creatives use Xero

The mass migration to Xero is also reflected in the increased uptake of Xero-integrated applications for Project Management, such as Streamtime, Harvest and WorkflowMax.

Continue reading ›

 

Introducing new and improved Inventory

Today we’re thrilled to announce enhanced Inventory to easily track the quantity and value of the products you buy and sell. We’ve had simple inventory in Xero for a while now and it’s always been handy for speeding up your quoting and invoicing. This week’s release upgrades Inventory so it provides complete inventory tracking and accounting for you.

If you have a business that sells finished products, you can now use Xero to easily keep track of the items you have on hand while ensuring your accounting records are always up to date.

Before we delve into the detail of how Inventory can work for you and how you can get started, check out this video to get a quick overview of the benefits:

Always know how much product you have in stock

Whether you’re in your office or out and about, Xero lets you know how much product you have on hand each time you enter a transaction. You can immediately identify when your inventory is running low and if you need to reorder. And if you use our Xero Touch app for Google Android you’ll see your inventory quantities are tracked there now, too.

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Continue reading ›

 

Accelerating cashflow with Online Quotes

When we released Quotes in January, we let you know that we were going to continue to add to this feature. The initial release was the start of a journey, not the end.

Over the past few months we’ve continued to monitor your feedback in our Community and have added new features to Quotes in each release. With this week’s release, we’re pleased to give you Online Quotes.

Why Online Quotes?

We released Online Invoices back in 2012, knowing that this would make it easier for businesses to invoice their customers and improve their cashflow.

Last year, we reported that businesses using Online Invoices get paid faster than those that use traditional methods, such as invoices as PDF attachments. Our data indicated a significant improvement for those using Online Invoices. The time it took to get paid reduced from 43 days to 31.

With Online Quotes, you can now convert prospects into customers faster than ever before. This drives faster decision-making and, ultimately, reduces the time between quoting for a new piece of work and getting paid for it. To find out more, watch this video.

Continue reading ›

 

Introducing Side-by-Side Files

With this week’s release of Side-by-Side Files we’re making the process of entering data into Xero even easier.

We delivered Files 18 months ago. This was the evolution of our single-ledger strategy. It allows you to collect all the source documents you need, and store them inside Xero next to the transactions they relate to. This changed how our many of our customers managed the documents associated with their business. In fact, we recently reported that more than 26 million files have been stored in Xero, adding more than 900,000 files each week.

By storing your documents inside Xero, and alongside your financial transactions, it makes them much easier to find. It also ensures your records are in one place, making it easier to collaborate with your advisor.

Soon after we released Files, we released the ability to email in Files into an inbox. You can do this from your mobile phone, via auto-forwarding in Gmail or even from a scanner. Once the documents are in the inbox, you can create new financial transactions on the fly, auto-attaching the document as you go. This saves you time by allowing you to forward all your relevant documents into your Xero inbox, and then process those documents when you’re ready.

Extending Files further

With this week’s release we’re making the last bit of that process even easier. Once a file is in your Files inbox, you can create a transaction from the file, and view it side by side as you’re entering the details. It doesn’t matter whether you’ve emailed it in there, or dragged and dropped it into the inbox.

This gives you the opportunity to be even more efficient in the way that you work. You can select a file in your inbox, then create a new bill, purchase order, expense receipt, or a spend/receive money transaction. Continue reading ›

 

Continual innovation at pace

In the desktop world that we are rapidly leaving behind, updates are infrequent and painful. If there was something you didn’t like or didn’t quite work in your accounting software it could be years before you got a fix for it. Frustrations became workarounds, which in turn became inefficient business processes. Software vendors were disconnected from small business owners, and it would be fair to say traditionally the relationship hasn’t been good.

Compare that to cloud software and the power of social media. Every customer has a voice and cloud vendors have a direct connection to all of their customers and their needs.

As we look back over the last year, we are delighted to have released over 400 updates. That’s more than one a day. Xero is constantly being tuned and updated to deliver a mass of new features to make lives easier for small business owners. Most of these updates are completely silent and take no effort on the part of our customers. Developing Xero is like flying a passenger jet and changing the engines midflight. Lots of complexity, but it’s done so seamlessly you don’t even notice – except that everything just gets better. That’s continuous innovation.

Reaching a milestone

This week is a milestone for us. While there is always more to do, we believe the software we’re shipping this week matches most of the functionality of desktop accounting software. But ours has the benefits of a better-designed experience in the cloud. Most businesses can now be better off with Xero. Continue reading ›

 

A new way of taking payments with iZettle

iZettle’s point of sale (POS) application makes it easy for your business to accept card payments and sell in store or on the go using a tablet or smartphone. And from now on, iZettle is integrated with Xero, meaning your cash and card sales, VAT, bank account deposits and processing fees will be seamlessly updated within your accounting.

You’ll also get a business overview with great analytics that let you keep track of your sales and products. And there are no fixed contracts or fees – you only pay per card transaction.

Who is it for?

iZettle is ideal for any small business in the UK, whether you’re a small store, a cafe, or someone selling hot dogs on the go. It’s made for anyone in need of the tools to run a business and who wants to accept secure card payments.

How iZettle works with Xero

Simply connect your iZettle and Xero accounts with the click of a button. All iZettle sales and deposit data will be seamlessly transferred into your Xero accounting platform, and deposit data is reconciled through Xero’s automated bank feeds.

What about pricing?

There’s no sign-up fee and no contract lock-ins or fixed fees, so you only pay per transaction. And the more you sell, the less you pay. iZettle’s Smart Rate automatically reduces your transaction fees based on your monthly sales, starting at 2.75% and dropping to as little as 1.50% per transaction.

Try out iZettle now

Sign up to iZettle and give it a go now. It only takes five minutes to register and if you do it now you get a free iZettle card reader. There’s no trial period, because you only pay when you use the service – if you don’t use it, you don’t pay! Sign up now and let your customers start spending.