Xero
The Importance of Keeping Your ATO Lodgments & Payments Up to Date
The ATO may require small businesses to switch from quarterly to monthly GST reporting from 1 April 2025. Who Will The ATO Target? Anyone who has a history of non-compliance Anyone who has missed/made late payments Anyone who has lodged a BAS late Anyone who reports GST incorrectly This shift aims to help businesses meet…
Xero: A Great Accounting Tool, But Not for Job Costing
Xero is a powerful cloud-based accounting software that helps small and medium businesses manage bookkeeping, invoicing, payroll, and financial reporting. While it’s a great general ledger system, many businesses assume it can handle job costing effectively-but that’s where problems arise. Job costing is essential for businesses managing multiple projects, such as construction companies, trades, and…
Stripe Merchant Fees Down From 1 April 2024 – Update your XERO Integration
What is Stripe? Stripe is an online payment processing and credit card processing platform for business, that integrates with XERO to make it easy for customers to pay your invoices. You will save time and effort chasing and tracking down payments since your customers can easily pay by card, when it suits them. XERO will…
Xero vs QuickBooks: Who is The Clear Winner?
In the realm of accounting software, QuickBooks and XERO stand out as two of the most popular choices for businesses of all sizes. Both platforms offer a wide array of features designed to simplify financial management. However, when it comes to choosing the right solution, it’s essential to consider various factors. In this comparison, we…
Xero Beautiful Business Fund
Xero recently announced the launch of the Xero Beautiful Business Fund, a new initiative, backing small businesses for the future. What does this mean? Xero is offering more than NZ$750,000 in funding to Xero small business customers across Australia, Canada, New Zealand, Singapore, South Africa, the UK and the US and will recognise companies who…
10 common mistakes when setting up a XERO file
October 13, 2021 | Xero You have made the choice to use XERO – congratulations on a great business decision. XERO is a fantastic accounting software, the interface is well designed and easy to use. However, the initial setup of a XERO file can tricky when you are new to the software. Below are 10…
Update required for some XERO bank feeds (2 minute fix)
July 21, 2021 | Xero XERO uses a variety of methods to retrieve transaction data from Banks, one of those methods is going to be updated from 17 August 2021 and will require you to re-authenticate the connection between your bank and XERO. This will only take 2 minutes, and will ensure that XERO continues…
Get the most out of XERO with these 5 simple steps.
April 9, 2021 | Xero Great! You are now in XERO and are ready for “beautiful business”, right? Not so fast, If you haven’t done these 5 steps you are missing out on some of the best features. 1. Set up payment services. By default XERO invoices are not linked to your payment services…
The most frequently asked questions about XERO
April 8, 2021 | Xero What banks are compatible with XERO? Many banks work with and are compatible with XERO. The big four NAB, CBA, ANZ and Westpac and Over 80 Australian banks connect and send daily feeds of bank transactions directly into XERO. Is there a free version/trial of XERO? There is no…
How to review annual leave balances in XERO.
September 29, 2020 | Xero Knowing where your team is at in terms of accrued annual leave can be useful. Fortunately, if your XERO is up to date, and your payroll has been completed correctly you can check where a team member’s annual leave balance is at, any time. This can be especially useful if…