They bought a new car and haven’t given you the purchase documents yet? Want to get an STP engagement authority in place for all your clients? And all without exposing yourself or your clients’ sensitive information to email. Find apps for use in your practice that connect to Xero HQ. Add apps that automate routine tasks and make your practice more efficient. Private equity firms are increasing their funding of accounting firms in a pair of deals announced this week, with Lightyear Capital partnering with Schellman & Co., and CVC Capital Partners investing in CFGI. Xero HQ, Xero’s software platform that brings all clients and contacts together into one place whether they use Xero or not, is now available as a plug-in in Microsoft Outlook.
The company has three offices in New Zealand , six offices in Australia , three offices in the United Kingdom , three offices in the United States , as well as offices in Canada, Singapore, Hong Kong and South Africa. The forecasting and reporting tool that gives you cash flow forecasting, KPI dashboards, PDF reporting, white labeling, scenario modelling, business planning and more. Futrli want to future-proof your business and give you confidence in where you’re headed from a thorough understanding of where you are and helping to measure performance. Futrli also provides an industry-approved business advisor certification program. Management reports and financial reporting are clear, easy and appealing with Fathom. It will integrate, analyse and report on your data efficiently, creating attractive and digestible dashboards and presentations.
The API enables banks to link transactional and purchasing services to employees of small businesses using Xero. This feature is available now, but is in trial mode, according to a statement from the company. The new integration between Xero HQ and Plooto enhances this offering. It provides accountants and bookkeepers real-time notifications on the status of clients’ invoices and payments. Currently, we will update you on payments made through Plooto, including failed debits or credits. It is designed to enable you to make quick, informed decisions with your small business customers, make the necessary arrangements to maintain cash flow, and better serve their businesses. With the new integration, accountants and bookkeepers have the ability to send and collect payments electronically and sync all payment data into Xero HQ for automatic payment updates.
Xero Hq Client Notes
The cloud-based platform for documentation and corporate compliance is integrated with government services/agencies including ASIC, ABR and the NZ Companies office. The experience offers a clean view for your clients as well, making responses a dream. Queries can be sent to clients regardless of whether or not they have a Xero organisation; all they need is a Xero HQ client record in your practice.
- This has evolved since launch and brought across certain features from Xero Partner Edition as well.
- It raised $49 million in a funding round in November 2012 with the largest amounts coming from Peter Thiel and Matrix Capital.
- You can connect Spotlight Reporting to your Xero HQ account to seamlessly manage clients between your two favourite apps.
- Xero Practice Manager can be used to manage your firm’s workload and your clients’ books, plus it also provides a free subscription to Xero software for your firm that can be integrated with Practice Manager.
- Gain better insight into how your clients work and use this to help upskill your practice and build better relationships in the Xero ecosystem.
- Small business owners can ask questions about a specific contact, bill, invoice, purchase order or bank transaction.
Your financial analysis, reporting, benchmarking and consolidation are taken care off enabling you to assess business performance, monitor trends and identify improvement opportunities. Xero HQ platform, Xero offers full integration with the best of breed apps for accountants and bookkeepers.
Setting Up Xero Hq Integration
Industry – This shows you which industries your clients are in and which clients do not have an industry set. Industry tags directly influence the industry expertise of your practice and help prospective clients in those industries search for and find the best advisor for their business. Drill into your clients based on their industry, apps or banking partners they use. Gain better insight into how your clients work and use this to help up skill your practice and build better relationships in our eco-system. Xero HQ is designed to improve your visibility of information and tasks across all of your Xero clients, helping you to become even more productive. Rather than spending time digging into your clients’ Xero files one at a time to see what, if anything, needs doing, the Activity Feed does the work for you.
Xero Practice Manager can be used to manage your firm’s workload and your clients’ books, plus it also provides a free subscription to Xero software for your firm that can be integrated with Practice Manager. Our comprehensive payroll service enables businesses to get set up and run payroll in minutes, from any web enabled device. All government payroll taxes, reporting, and compliance are taken care of automatically and paperlessly. The ZenPayroll API transforms payroll from being a vertical silo to a horizontal platform that seamlessly connects applications for HR, time tracking, accounting and other important back office functions.
The company was also ranked No. 1 by Forbes as the World’s Most Innovative Growth Company. „Denver is an amazing place to live and work, making it a fantastic hub for Xero’s Americas HQ,” said Xero Americas VP of People and Business, Andy Burner. „Knowing that we were going to outgrow our former space, we set out to find a new space that would not only facilitate our growing team, but enable us to do beautiful business in close proximity to all that Denver has to offer.” In the 2019 financial year, Xero offered services relating to Making Tax Digital in the United Kingdom, Single Touch Payroll in Australia and Payday Filing in New Zealand. In March 2021 Xero acquired Danish workforce management platform, Planday. They followed this up with the acquisition of e-invoicing firm, Tickstar, in the same month. Xero paid the acquisition price for Hubdoc in two stages, initially US$60 million consisting of 35% cash and 65% in Xero equity.
Xero Practice Manager Ease Of Use
Explorer – Drill into your clients based on their industry, apps, or banking partners they use. Gain better insight into how your clients work and use this to help upskill your practice and build better relationships in the Xero ecosystem. Xero HQ brings all your client contacts together on one single client list – even those who aren’t using Xero. Choose how to group and organise the details, and create useful lists and views. If you’ve already got clients in Xero Practice Manager, you can sync them with Xero HQ.
We also think that working together in partnerships we can deliver a far more efficient and flexible practice solution. Choice allows you to run your business the way you want, without being limited by the product capabilities of a single vendor,” Fraser writes in the announcement. Easily search for clients and view all their contact information in one place. This alert checks your report history and how regularly you run your reports to alert you if you need to create a new report. The integration will allow a Xero firm to be completely in the know at all times with regards to a new proposal, payments, and future payments. We want to ensure that both you and your team are aware when actions are taken, or events have occurred within your practice.
It is a new platform for all Xero accountants and bookkeepers to manage their practice. It incorporates an activity feed, client list, explorer, and advisor directory into the Xero HQ Platform. This has evolved since launch and brought across certain features from Xero Partner Edition as well. Intended for accounting firms to manage their Xero clients, Xero Practice Manager can also be used to manage your own firm’s books. It has several attractive features, including a portal to your client books, powerful time tracking and billing capabilities, and customized reporting. The program is cloud-based, and you can also access it from anywhere with its dedicated mobile app. We ranked Xero Practice Manager among the best accounting practice management software because of its ability to streamline the management of client jobs, workflows, invoicing, and timesheets.
We build custom-made, feature-rich, and user-friendly mobile applications to enhance customer experience all over worldwide. In August 2020, Xero acquired Waddle, an Australian-based invoice financing startup for $80 million . Payment includes $31 million in cash and $49 million in earnout payments.
Xero Introduces New Hq Platform For Accounting And Bookkeeping Businesses
Spotlight Reporting allows accountants and business owners to create easy, great-looking performance reports, dashboards, cash flow forecasts and consolidations. Xero Projects is a basic time and cost tracking tool aimed at the growing group of gig economy clients. The feature focuses on the financial side of project management, provides such functions as project invoicing, and supports fixed price and time billing. Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. The Xero accounting software uses a single unified ledger, which allows users to work in the same set of books regardless of location or operating system.
It prioritizes your work using the activity feed and removing the actions you don’t want to see and setup custom actions for others. One of the best ways to prevent it is to invite all staff members into your practice in Certified Public Accountant, and control and manage their access to client files and your practice from there. Staff should never be invited directly into Xero files – not by your clients, not by you. See all your accounting and bookkeeping practice clients, jobs, queries and alerts in Xero HQ. Making it simple to store, manage, control and backup your files on the cloud, SuiteFiles is also integrated with your favourite Office 365 and Xero HQ functionality, you can even drag and drop from Outlook. Searches and staff collaboration on documents are easy at your desk or from your smartphone. You can access Xero HQ Payroll now from the ‘Payroll’ tab in Xero HQ. From there, it’s easy to set up your Payroll clients.
Activity feed – Prioritize your work using the activity feed to see which clients need actions and when. Remove the actions you don’t want to see and setup custom actions for others. To connect your Spotlight Reporting account to your Xero HQ account, you need to authorise the Spotlight connection in Xero. Xero HQ is a new way of allowing Xero Partners to work with their clients. Xero HQ is built upon Xero’s recognition that modern bookkeeping, accounting and business consulting professionals want to work differently today than the way their counterparts worked 50, 25, 10 or even five years ago.
Clients, Staff And Activities In One Place
Along with this release comes a set of accounting tools that work within Xero HQ, and the integration of eight apps. Similar to the QuickBooks ProAdvisor program, Xero’s partner program has multiple levels of membership.
Xero Discuss is a new forum-like tool within Xero HQ that accountants can use to discuss financial details about a client’s business directly through the dashboard. Small business owners can ask questions about a specific contact, bill, invoice, purchase order or bank transaction. One of the new tools, Explorer, allows accountants to see which banks their clients are working with. This enables accountants to collaborate with those banks, and advise their clients on how to best interact with those banks, such as when in need of a loan, Xero America president Keri Gohman told Accounting Today. Xero HQ is a dedicated hub for Xero’s accounting and bookkeeping partners. Xero hand-selects world-class apps to meet the needs of Xero’s accounting and bookkeeper partner community.
Get Visibility Into Payments With Plooto And Xero Hq Integration
Xero Practice Manager Link – Import clients to income statement and merge if you find duplicates. Insure you’re aware of the details of your entire relationship with your clients. If you’re like me and drowned your old phone and forgot the answers to your security questions, you’ll need to contact Xero for help at support.xero.com. While you’re awaiting their response, you can use the time to contemplate the benefits of storing the answers to your secret questions in a password manager. And without robust security practices, you may well find yourself having to notify your clients you’ve had a data breach (check out the ATO’s guidance on data breaches).
Author: Mark Kennedy