The new updates are part of Xero’s broader investment in reporting, to help advisors and small businesses easily customize reports, get answers fast and streamline their financial analysis. Syft also provides insights by aggregating data from other software that small businesses and accountants and bookkeepers use – whether that’s accounting software, Excel, or partners such as Stripe, Square, Shopify and Gusto. These are all things we believe will bring greater value to the Xero experience and support small businesses and their advisors to have a deeper understanding of their business to make informed decisions.

• The investment in new reports comes as Xero recently launched Xero Analytics Plus, bringing powerful predictions and accurate forecasting to customers.
• Our goal is to bring the power of premium insights and advanced reporting functionality to our customers so they can reap the value for their business.
• We aspire to build a higher performing global SaaS company; to do so, we must deliver better for our customers and execute against a disciplined growth framework.
• Our Chief People Officer, Nicole Reid, will share further details via email about what these changes may mean for your role and next steps through the consultation process.
• See Xero’s financial results, interim and annual reports, key dates, market announcements and more.
• Find out about Xero, the emerging global leader of online accounting software that connects small businesses to their advisors and other services.

£61,000 a year: the cost of small business owners ‘doing it all’

Additional support is also available through our Employee Assistance Program. Our Chief People Officer, Nicole Reid, will share further details via email about what these changes may mean for your role and next steps through the consultation process. I do not underestimate the impact these decisions have on all Xeros.

Since then, we’ve heard from you, our community, that we didn’t quite… It’s been a busy month in Xero Payroll and some great features have made their way to you. We’d heard from many of you using UK payroll that changing the date an employee’s leave accrues was important. So you can now select a custom leave year for leave to accrue at an employee level, reducing manual work and saving you time.

It also includes enhancements to Xero’s report styles in Xero HQ, giving users the ability to change font sizes, as well as adding preset and custom watermarks. Our goal is to bring the power of premium insights and advanced reporting functionality to our customers so they can reap the value xero news twitter for their business. This is what our open platform is all about – providing our customers choice so they can use the software that best meets their specific needs. We’ll also work to embed Syft’s functionality within Xero over time, to provide powerful visualisations, analytics and reporting capabilities for new and existing customers.

Get insights into the latest opportunities in the accounting industry. Explore the latest news, announcements and research from Xero as well as past media releases. By subscribing to Xero media releases you can receive updates on our latest announcements sent straight to your inbox. To help with streamlining BAS and automating payments, you can now easily create a draft bill or invoice directly from the BAS statement page once you’ve finalised or filed it for the period. We know how important it is for small businesses to have access to powerful insights to help them run their business better, no matter the economic environment they’re facing.

In the coming quarter, we will look to redesign the way we work across key functions, in order to operate with greater clarity, speed and effectiveness. This involves a deeper redesign of our Technology function, which may result in role impacts of a smaller magnitude. We expect the full organisation design work to be completed by July this year. We’re really proud of the work we do to make life better for people in small business. Please connect with your People Leader, Senior Leader or People Experience (PX) team.

This supports an easy, accurate and efficient switch any time during a tax year. Do you need to find a specific statement from a particular tax year? And because being able to correct a ‘failed’ activity statement in Xero is helpful, we’ve also recently released the ability to revert failed statements to draft in Xero. Once you’ve made corrections you can re-lodge the statement to the ATO in Xero. Additionally, if your practice uses Xero Tax, you’ll be pleased to hear that we’ve recently released all of this year’s compliance changes, in line with the rules for the new tax year.

Global: Edit or adjust items from the product and services inventory list Product Idea💡

You can now void invoices that are awaiting payment (overdue or due) while on the go using the Xero Accounting app. This requested functionality will help you manage your sales more efficiently when you’re on your mobile device. See Xero’s financial results, interim and annual reports, key dates, market announcements and more. I know everyone will experience a variety of emotions upon hearing this news. This includes many of the leaders who are here to support you and are absorbing the news themselves in parallel. I trust that Xeros will extend empathy and compassion for each other as we move through this time and as a leadership team, we remain here to support everyone as much as possible also.

Following the acquisition, we plan that Syft will continue to be available as a standalone offering to small businesses and their accountants and bookkeepers – no matter who their accounting software provider is. The investment in new reports comes as Xero recently launched Xero Analytics Plus, bringing powerful predictions and accurate forecasting to customers. The features are all part of Xero’s mission to bring insight-led analytics tools to small businesses and advisors. These improvements combine the most-loved features of older reports in Xero with new features, designed to help advisors and small businesses quickly see the full business picture and make informed plans for the future. Curzon offers a sneak peek into these exciting changes, and more to come in the months ahead, in this YouTube video. The strong operating results saw operating revenue up 21% (20% in constant currency (CC)) to $799.5 million.

Xero equips small businesses with breakthrough GenAI companion and enhanced mobile experience

Empty schedules are now automatically hidden to help accountants and bookkeepers streamline their processes by reducing extra clicks and manual tasks when preparing reports for their clients. There is strong alignment between Xero and Syft, and we couldn’t be more excited to work together to accelerate our joint goals. Sending, requesting, and completing W-9s is a task you can do all year round to save yourself time during the busy season. To streamline this process, we’ve added a new tax details section into contacts where you can send and request W-9s and input the information needed for 1099 compliance, making your 1099 reporting experience more seamless. We’ve optimised the chart of accounts templates codes for UK partnerships and sole traders to provide practices with a more consistent experience with reports.

Xero expands partnership with Carr, Riggs & Ingram to support accounting and advisory services

• Today’s news affects everyone at Xero, but most of all it affects the many talented colleagues and friends who have contributed so much to Xero and whose roles are potentially impacted.
• We know how important it is for small businesses to have access to powerful insights to help them run their business better, no matter the economic environment they’re facing.
• Following the acquisition, we plan that Syft will continue to be available as a standalone offering to small businesses and their accountants and bookkeepers – no matter who their accounting software provider is.
• In FY23 we made the decision to slow the rate of incremental headcount growth significantly which has helped, but not enough.
• This focus was also reflected in our net profit, which increased to $54.1 million compared to a net loss of $16.1 million in H1 FY23.

As we look forward, we’re sharpening our focus on Xero’s key levers of growth as we aspire to become a higher performing SaaS company. We will continue to balance growth and profitability, while delivering more value to our customers. Within the payroll switching wizard, you can now import employee opening balances from your latest FPS file and enter organisation opening balances to complete payroll setup.

We’ve been able to develop improvements we know our customers have been wanting like widening the view, and being able to view the count of transactions into the new experience. You can now filter transactions, easily check which returns are due or overdue, and view late claims in the new ‘Late claims’ tab. To make it easier to manage online payment methods and help you customise how you get paid, we’re rolling out the ability to toggle payment methods on and off in your payment settings without leaving Xero. These changes will be complete this month, so if that’s something you requested via Product Ideas or something that you’ll find helpful, be sure to check it out. Today, Syft is available through the Xero App Store as an app partner. And we know that many Xero customers know and love Syft for its beautiful custom reporting and visualisation features.

New Xero data shows Canadian small businesses continue to miss out on scarce spending

It’s been a busy month with lots of highlights, so read on to discover what’s new in Xero. The acquisition of Syft aligns with our values and open ecosystem principles. We couldn’t be more excited to welcome the Syft team to Xero so we can continue to empower small businesses and their advisors customers with the tools they need to make informed business decisions.

We are committed to moving through this time of change together with care, compassion and fairness. In FY23 we made the decision to slow the rate of incremental headcount growth significantly which has helped, but not enough. On my CEO listening tour, I also heard from many Xeros about how we can improve our focus and prioritisation of resources to become more effective. As we discussed recently, as Xero continued to scale in recent years, we have grown our headcount, areas of focus and cost base at a faster rate than our revenue. Today’s news affects everyone at Xero, but most of all it affects the many talented colleagues and friends who have contributed so much to Xero and whose roles are potentially impacted. It is now our commitment to support them, and you through the coming weeks, and I will outline the steps we are taking shortly.

If you use the Xero integration with Avalara for US sales tax, you can now update your sales tax codes for your inventory items in bulk. You can also export and import your items in a CSV with a new column for sales tax codes, helping you keep your inventory list updated with correct tax information, faster. Xero is continuing to invest in and work with the partner community to enrich reporting with new features, customization options and insightful analysis, as it simultaneously works to strengthen its underlying technology. Recent improvements to new reports include greater control over accounts and balances in the Account Transactions report, and powerful one-click settings that tailor reports to suit user needs.