We are excited to announce the latest Xero product news for Australia and South Africa – February 2021
The Xero product teams have hit the ground running this year to bring us a stack of new features across the Xero platform. The ongoing challenges with COVID-19 restrictions and lockdowns haven’t been easy on their teams and continue to impact the Xero customers and partners around the world. XeroHero (AU and RSA) and Software4Business (AU and RSA) hope these new automation and reporting tools give you some time back in your day that you can spend taking care of yourself, your loved ones, and your business.
New Xero features – Global (AU and RSA)
Get notified of duplicate documents in Hubdoc
Our latest release in Xero’s data capture tool, Hubdoc, will notify you of any duplicate document uploads. Simply move the duplicate to the trash, or mark it as ‘not duplicate’ if you’d like to keep it. This new duplicate detection feature saves you time and reduces errors in your bookkeeping, so you can spend less time double-checking uploaded documents and more time adding value to your clients.
Navigate from Hubdoc to Xero
The new year is bringing Hubdoc and Xero even closer together. You’re now able to navigate directly from Hubdoc to the corresponding transaction in Xero, to streamline your workflow.
See more information about clients in Xero HQ
We’ve continued to improve your client list in Xero HQ. You can now see your clients’ connected bank feeds, unreconciled items and business numbers at a glance, simply by customising your columns. Our UK partners can also add a column to see which of their clients’ bank feeds will expire and when, as well as quickly see unreconciled lines and financial year-end dates for all clients.
Verify your PayPal account in Xero
We’ve improved the PayPal set-up experience in Xero, so it’s easier to offer this payment service to your customers. It only takes a few minutes to connect and verify your business PayPal account in Xero. Your customers can then pay using the ‘pay now’ button on your Xero invoice.
Submit PDF receipts on the go in Xero Expenses mobile app
You can now easily upload PDF receipts into the Xero Expenses mobile app and it will automatically extract relevant data from the PDF and create the expense claim. The PDF file will also be attached to the claim as a proof of purchase. You can then review and submit your claim in one click.
Customise your Chart of Accounts (COA) templates in Xero HQ
You can now create your own COA templates in the practice menu of Xero HQ. Once your custom templates are set up, you can apply them to any new clients that you add to Xero HQ (they can’t be used to overwrite an existing client’s COA). It will save you time and reduce errors, so you have more time to focus on billable activity.
Search for filter options in reports
We’ve improved the way you use filters in your new reports. You can now access all filters with a single button, and see which tracking categories and options have been archived. We’ll also display which tracking filters have been selected in the report.
See the data you can share with lenders
Getting a loan can be the difference between business growth and failure. That’s why we’ve created a new cash validation report in Xero. It allows you to see data points which you can share with lenders, to give them the confidence in the quality of your accounting record. The report shows the degree to which a business’ accounting transactions are driven by verified activity in the bank account.
New Xero features – Just AU
Automate excess super calculations
Advisors can now automatically calculate excess superannuation contributions and Division 293 tax for high-income earners in Xero Tax. The new feature includes a superannuation contributions worksheet, as well as an ‘other amounts that may affect the tax estimate’ section on the Estimate tab. This automation will save you time and improve the accuracy of your calculations.
Automate bonuses and commissions
Say goodbye to manual tax calculations on employee bonuses and commissions. Xero Payroll now automates this for you and files the data with ATO via STP. We are using the ATO’s most accurate calculation method for determining the tax to be withheld.
Get ready for JobMaker Hiring Credit payments
Keep track of what’s required to receive JobMaker Hiring Credit payments, in Xero Payroll. The JobMaker Hiring Credit is an incentive for businesses to employ jobseekers aged 16-35, to help the economy recover from COVID-19. Eligible employers can register for the scheme for each additional employee they hire in the 12-month period from 7 October 2020.