A RUNDOWN OF THE LATEST UPDATES TO THE XERO ACCOUNTING PLATFORM

If you have accounting or Xero OCD you will be aware of the latest Xero update, however for all non-accountants or bookkeepers, here is a rundown of the latest updates from January 2019 – March 2019, to the cloud-based bookkeeping and accounting platform.

Bank reconciliation

  • Style changes, including a new Options menu where you can create a bank rule or delete a bank statement line.
  • We’ve also changed how bank accounts are displayed when you transfer money between your accounts.
  • You can now add notes to your invoices when viewing or editing them in new invoicing.

Xero for Business Android

  • You can now edit submitted and unpaid bills in the mobile app.
  • More detailed invoicing is now available in Xero Projects which shows project time entries as individual line items on the tasks & expenses invoice.
  • You can now rename, delete and move bill attachments to your files inbox.

Payroll (UK)

  • Xero now emails a reminder when it’s time to re-enrol employees in a workplace pension.
  • You can now add payroll benefits such as private medical and dental insurance in Xero. Set up the benefits starting with the 2019/20 tax year and we’ll calculate and file the taxes. Register with HMRC before 6 April to add payroll benefits in Xero.
  • The pay item category for employer pension contributions has changed. These contributions used to sit under Benefits, they now sit under Employer Pensions.
  • You can now add student loans to an employee’s tax details, Xero will calculate the employee’s student loan deductions for each pay run.

Xero HQ

  • Xero HQ now searches for duplicates every time you add or update a client as well as when you import clients. The banner alerting you to potential duplicates isn’t dismissible and is now visible to all practice administrators.

Xero for iOS

  • You can now add file attachments to all quotes.

Xero for Mobile

  • Access contact details including notes and invoice activity, using a new contact summary screen.

VAT return (UK)

  • You can now switch to MTD (making tax digital) for VAT filing through Xero and can then start using our new Making Tax Digital (MTD) VAT return.

 


For more information about using Xero to organise your business finances, please get in touch and we will be happy to help. Contact us here or call on 01392 495483.