If you’re looking for an accountant who specializes in Xero, you can search for an accounting advisor through their website by location and industry. Check out the new preview panel in the layout editor of all reports in Xero. This enhancement will  help you to customise report layouts with minimal effort. Fill out your training details below so we have a better idea of what your training requirements are. Fill out your contact details below and our training experts will be in touch. E) You can also drag and drop the tabs or windows to the edges or corners of the screen to split them.

Verdict: Full-Featured Accounting

If you’re trying to juggle multiple different logins, you might forget to save your work or save it in the wrong organization. This one of our Xero tips deals with a practical tool that many users miss when learning how to use Xero accounting software. Xero has an inbuilt calculator that allows you to perform basic math functions directly in certain fields.

Key Features

Xero also offers add-on features including Xero Projects, Xero Expenses, or Analytics Plus at additional costs. Given that there are several invoicing software on the market, it’s worth putting in some time to research your options before choosing one for your business. If you receive bills from your suppliers by email, you can easily import them into Xero by forwarding them to your inbox.

Create customised roles

This functionality allows you to split your screen into two or more parts and open different Xero tabs or windows in each part. Multitasking and comparing data can help you improve your productivity and efficiency. To sync your Xero data with Google Sheets, use a third-party app, such as (G-Accon for Xero).

How to use Xero accounting software?

Instead of efficiently uploading data, you’re stuck manually entering totals, dates, and bank transactions into spreadsheets. Handling financial audits for clients becomes a hassle when bank statements aren’t available in CSV format for Xero. Sync Xero with software you already love or easily find and try new apps designed to save your business time and money at the Xero App Store. We also listened to your feedback and switched the total column on by default, as well as displayed whether reports are ageing by due date or invoice date. You’ll have the option to add the contact account number to your report from the column dropdown list, too (we’re planning to add this column to other reports, so stay tuned). You can also save custom reports and can hide any rows you don’t want by using a filter.

New features to help streamline accounts payable

• These tools aren’t as graceful to use—nor are the data fields as plentiful—as they are in QuickBooks Online.
• If you have regular invoices to send or bills to pay, save yourself the trouble of having to repeat the same process again and again with this Xero trick.
• The main app has an abbreviated dashboard that displays your most important numbers.
• In this guide, we’ll introduce the Xero accounting software and how it can streamline the financial processes of your business.

I like these apps for their simplicity and usability, and I look forward to the planned enhancements (Xero hasn’t specified what exactly these are). These templates zero in on subsets of data I haven’t seen on small business accounting sites, like Duplicate Statement Lines and Foreign Currency Gains and Losses. Some filter options are also unusual and creative, like Profit Per Item and Outstanding Tax. Customization options are good overall, and you can save your modifications as custom reports. Plus, by embedding Airwallex’s Payment Links into your invoices, your customers can pay in multiple currencies using 160+ payment methods.

In addition to adding customer data in CSV or TXT format, you can download templates for data like bank statements, budgets, Charts of Accounts, fixed assets, inventory items, and invoices. For manual entry, the record templates cover basic contact details capably but lack extras that Zoho Books has, like portal language, price list, and reporting tags. After you set up an account, Xero suggests a handful of accounting tasks to help you learn the ropes. You can play with the app using a demo company and fake data, which is the best place to start practicing.

Using this calculator decreases the chance of an entry error, not to mention it saves you time looking for another calculator to use for simple arithmetic operations. It’s also useful if you need to do some quick calculations in the service of a more complicated accounting formula. In addition to pre-built extractors, FormX enables users to create and train custom extractors using machine learning—no coding required. By automating data entry, businesses can reduce processing costs by 90%, enhance customer experience, and greatly boost operational efficiency.

A professional bookkeeper can help organise your financial records and set up Xero to make your bookkeeping process smoother, making it easier for you to manage your finances on your own down the road. 81% of accountants also believe that the use of technology, including accounting software like Xero, has freed up their time and allowed them to take on more of an advisory role for businesses. Curzon offers a sneak peek into these exciting changes, and more to come in the months ahead, in this YouTube video. The Growing plan is best suited for growing businesses, grants the same capabilities in addition to the ability to send unlimited quotes and invoices, enter unlimited bills, and reconcile transactions in bulk. Xero customers can now sell any time, anywhere, by creating a payment checkout without the need to create an invoice. Simply generate a payment link to share with your customers, and keep track of when you’ve been paid.

For example, you can create a role for your Accountant, Bookkeeper, Manager, Salesperson, etc., and assign different access levels to your Xero data. Although this Xero trick can definitely save you time and simplify your process, you should still be very cautious about working in multiple organizations at once. Even with different browsers, it’s so easy to record a transaction in the wrong set of books, and you might not catch it until the end of the year. To access the demo company feature, click the list icon to the left of your company’s name on any page and select My Xero. At the very bottom of the next screen, you will see a link to Try the Demo Company.

Highlights include support for Gusto payroll, a useful inventory management add-on, and a capable collection of mobile apps. Upcoming enhancements like full bank account reconciliation and integration with Bill (for accounts xero blog receivable and payable) should make Xero even more competitive. Transaction templates could be simpler to customize, however, so we continue to recommend FreshBooks and QuickBooks Online as our Editors’ choice winners.