Xero Blog

Did you know there are two versions of invoicing in Xero? There’s the original ‘classic’ invoicing experience and ‘new’ invoicing. New invoicing is the updated version with a refreshed design, new functionality and many of the features you know and love from classic.

It’s time to switch to new reports Here are the latest features we’ve introduced to new reports (don’t forget, we’re retiring the older versions of our reports on 31 July 2023): Foreign currency columns are now available on Receivable Invoice Detail, Receivable Invoice Summary, Payable Invoice Detail and Payable Invoice Summary reports Advisors can now add tax Disposal Schedule, Tax Depreciation Schedule, Pooling Summary and Pooling Detail reports to report templates in Xero HQ In short-term cash flow, you can now sort by description and amount in the summary view of your projection breakdown, as well as reverse the sorting order A chart icon will display next to business snapshot and short-term cash flow in the report centre, indicating that these include charts See how we’re Building on Beautiful We’re making some changes in Xero as part of our commitment to Building on Beautiful — which is about continuously upgrading our technology to build new features faster, giving our platform a consistent look and feel, and making sure we keep accessibility top of mind.

The moment is here; the final step of Xero’s Single Touch Payroll Phase 2 roll out is now available to all customers. Once your payroll data is updated and you’ve marked each step as complete in the STP2 Portal, you’ll be able to enrol in Phase 2 reporting – step four of the transition.

It’s that time of year again. As summer winds to a close, the days will start getting shorter as the workload ramps up. For those working in payroll, that can only mean one thing: year end is approaching.

The retirement of old reports is now only a little over five months away. If you’re like many small business owners and advisors, you’re probably starting to seriously think about how this will impact your day-to-day work.

Accounting has changed dramatically over the last few years. Automation, digital transformation and the acceleration of the cloud have all played an important role in shaping it. But amongst all of this change, one thing remains constant: businesses need to get paid, explains Hayden Watson, Director of UK-based accountancy firm, MHH Practice. 

It’s time to switch to new reports If you haven’t made the switch to new reports, we urge you to start moving your work across now, so you have plenty of time to get used to them before the older versions are retired.

One of your most important accounting jobs — bank reconciliation — relies heavily on getting accurate banking data into Xero. Yet entering bank transactions manually is often time-consuming and error-prone. Regular bank reconciliation not only saves you time, it also gives you a wealth of insights at your fingertips.

This article was published on Monday 23 January. To view Xero’s most recent STP Phase 2 update, head to our latest blog from February. By now, you’ll be familiar with Single Touch Payroll Phase 2.