Are you planning to move to a new accounting package? If the answer is yes then you will need to make an important decision. How much historical data should you bring across to the new accounting file? The answer can have major implications if you are moving from one cloud accounting program to another. As […]
The introduction of Xero Projects came with great excitement as job costing was one of the most awaited features in Xero. In Xero’s feature request area, Job Costing is high up there at fifth place out of all requested features. Both when looking by vote: And by number of replies: If you want to use Xero […]
Xero has released an early version of Xero Projects, a lightweight project management module that businesses can buy with a Xero subscription. Xero also sells a heavier duty PM tool called WorkflowMax. Wondering what you will miss out on with Xero Projects? Here’s a list I have compiled from playing with the module and talking […]
One of the big announcements at Xerocon was Xero Projects, a lightweight project costing tool. It’s the first addition outside Xero’s accounting core and will be charged separately. In Xero’s words, Projects in Xero is a simple time and cost tracking tool that: Focuses on the financial side of project management Integrates with key Xero […]
The release of Xero HQ’s API for third-party apps is sure to cause problems for Australian software companies selling practice management software. As Xero increases the number of practice-side apps, accountants will have more choice in how they want to run their own practices. The spate of innovation brought about by cloud software has made […]
Xero Tax will for the first time link to CCH iKnow, the online version of CCH’s Master Tax Guide. Every field in Xero Tax’s forms now includes a link directly to the relevant section in iKnow. As well as contextualised answers from the tax guide, iKnow includes practical tips and checklists. To access iKnow a […]
Xero’s extensive app marketplace for small businesses now has a mirror – a curated selection of back-office apps to run accounting firms. The back-office apps connect to Xero HQ, an interface used by accountants and bookkeepers to manage their Xero client files. Xero HQ was announced at Xerocon 2016 to replace “Green Xero”, an older […]
Governance has always been somewhat of a stodgy thing; few get genuinely excited about it. It reminds me of button-up sweaters, elbow patches and the smell of mothballs but I think governance will be the next great opportunity for accountants as their bread-and-butter compliance services become commodified and here’s why. De-risk your clients The […]
KPMG Enterprise Director Fleur Telford considers the next phase of the IT accounting revolution. When BankLink introduced the electronic delivery of bank transaction data to a simplified ledger in the early 90’s, we didn’t realise the paradigm shift that would occur. Xero entered our market in 2010 with a complete cloud accounting system fed by […]
And now for something a little different… I had the good fortune to visit in the beautiful city of Sao Paulo this month to talk to Brazilian accountants about cloud accounting. I gave a keynote lecture to an accounting association called SESCON. The themes included trends in cloud accounting, emerging business models and new sources […]
Quick question: What’s the fastest way to improve cashflow for the majority of a bookkeeper’s clients? Answer: Teach them about mobile payments. Many business owners don’t realise they can take credit cards on their smartphones as soon as the job is done, says John Birse, a regional franchisor for Jim’s Bookkeeping. Small business owners are really […]
Sholto Macpherson
