What’s new in Xero? – Our quarterly update of new and upcoming features…
For clients and end users
Xero App Enhancements – Both the IOS and Android app now have the ability to convert an accepted quote into an invoice – an enhancement we know will be welcomed by our ‘tradesman’ clients. In addition within the IOS app (Android coming later) there is now the ability to mark a bill as paid. This will be useful for cash expenses but we would add a note of caution for bank payments as we have often times seen a manual payment added but this fail to be matched with the bank rec line, with the transaction then being created as a duplicate once it comes through on the bank feed.
Xero Projects – Projects, as yet a fairly elementary time and cost tracking chargeable feature continues to be the focus of a lot of Xero’s development and this month sees the introduction of the ability to copy and delete projects. We are not sure we agree with the decision to allow deletion via both the admin and standard role but the deletion is prevented where there are time and costs allocated should mitigate this a little. On the roadmap is the ability to assign supplier credits to projects in addition to supplier invoices. There has also been the addition of a stop start timer in the both versions of the phone app making this more usable for mobile workers.
Find and Recode – Enhanced search functions further increase the usability of this essential feature and there is a promise of the long awaited inclusion of find and recode for manual journals very soon. Watch this space!
Bill Entry Beta – Xero look to be moving to rival the offering from long term partner receipt bank, firstly with their new chargeable expenses feature and more latterly with their automated bill entry workflow currently in Beta – at this stage they have made no mention of charges for this feature but we will be watching closely for indications of their intentions on this moving forward.
Making Tax Digital – Xero confirm all is on track for the introduction of Making tax digital in April 2019 and existing clients should switch seamlessly across to the new VAT submission at the required time.
That’s all for this quarter and we’d love your comments on any of the developments above.