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US product updates made for you

New US product updates customized just for you. Learn about the latest product enhancements we are planning to release in the coming months.

xero updated
bank feeds

  

Coming up

New direct bank feeds coming early 2021

New direct bank feeds are coming to Xero, including Chase, Citibank and more. Keep an eye out in early 2021 for more information as these new bank feeds become available.

now available

Enhancements to US tax tools

1099

1099 reporting

The IRS has announced for tax year 2020 and beyond, the 1099-MISC form will split into two forms: 1099-MISC and 1099-NEC. Xero’s 1099 reporting capabilities are planned to be updated in mid-late December 2020 to reflect these changes. Plus, some additional enhancements are coming to help improve your 1099 processing workflow. 

1099 reporting is available for those with the  Advisor role in Xero.

schedule c

New 2020 Schedule C report template

Need to report income for sole proprietors? Good news, a new 2020 Schedule C report template is coming soon to Xero HQ. Be sure to download the custom Schedule C chart of accounts in Xero Central

Xero’s Schedule C report template is available for Xero partners only.

Coming up

Upgrades to the account transactions report

  

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We’re working on improving the way you use the account transactions report in Xero. Now, you have the ability to see the opening balance for profit & loss accounts and show or include accounts with no transactions.

chart of accounts templates

  

Coming up

Customize US chart of accounts templates

Earlier this year, we announced new US chart of accounts templates available for accountants and bookkeepers in Xero HQ, helping simplify the process of setting up new clients in Xero. Soon, you’ll have the ability to copy these templates and customize to your liking.