Xero’s attitude of abundance, education and strategic partnerships really does flow through to the attendees. To connect with bookkeepers and accountants alike is a pleasure, as Xero propagates the attitude that we are all equals. Networking is always a delight and I was keen to introduce my trainee to the warmth and spirit of co-operation that exists within the industry.
Upon getting off the escalator, two smiling Xero staff members greeted us and one of them escorted us to the registration area. Their energy and enthusiasm is always contagious.
XERO TAX AVAILABLE FOR BRONZE PARNTERS
This was excellent news that from a newbie, to bronze there will now be features other then just Xero that all can access. Why this is so awesome, is that the tax portal will now allow users to access a blank BAS when importing or lodging an old BAS, previously not possible.
PAYROLL INCLUDED IN THE ACTIVITY STATEMENT
W1 and W2 Payroll fields with be automatically populated in the Activity Report instead of having to manually type them in. Hooray!
A new alert dashboard will be provided to all Certified Xero Partners that will alert them tax coding issues, strange transactions and will allow partners to ensure more accuracy, which is always awesome! It will also bring a in a similar feature I have missed from MYOB called the “company data auditor”.
Not something I had incorporated to date, but Xero has now introduced e-sign within the BAS. This will greatly improve the efficiency of compliance as it’s fully integrated withing the Xero tax package.
SPLIT PAYMENTS IN CASH CODE
I LOVE this feature. When I was audited by the ATO for the cash economy March 2015, it allowed me to upload, cash code and provide a detailed Profit and Loss of our personal income/expense in just two hours! Now, Xero has increased cash code’s efficiency by introducing a split feature too. Hip, Hip Hooray!!
A sensational new product that will combine the original practice management, work papers and the green my xero board all into one. This will also combine all your customer base into one alert board regardless of the software they function in. Popups will alert you to bank feed failure and other issues so that you can touch base with your clients and give a more holistic service along with a CRM and task list.
CREDIT CHECKS WITH VEDA
A new partnership with VEDA will allow bookies and accountants to perform a credit check on possible new customers to ensure they get paid.
The days of manual data entry is quickly beginning to reach it’s used by date. While there may be over 800,000 desktop users around Australia holding onto the past with desktop software. Xero is racing ahead with innovative new technology to replace the tedious monotony of general tax compliance.
This means that as a industry, our focus needs to be on the future. Where BAS Agents and Accountants are business consultants and CFO’s. This is great news for business owners, allowing them to spend more time working on their business, instead of in it.
There is nothing like meeting people face to face instead of just on a twitter feed or facebook update. It was a pleasure to finally meet the wonderful Tracey from Cloud Accounting that I previously only knew her from a twitter handle @CloudCountingAU.
Online mentors like Heather Smith and our gorgeous Xero Bookkeeper Ambassador Melanie Power keep me inspired and motivated to provide more value and solutions via youtube, podcasting and on periscope.
The future while uncertain holds with it some amazing opportunities if we are forward enough in our thinking.
Automating as much as we can in the tax compliance side is the way of the future, but with this automation as it evolves will bring more challenges. We live in exciting times as bookkeepers and accountants, the success of future growth will be most certainly paperless and via new yet unknown technology solutions.
If using online tools that offer you flexibility and mobility interest you, then I am available to talk on skype anywhere from around Australia or for expat Aussies from all over the world!
Just want to be set up right and trained to do your own bookkeeping? Absolutely can help you here!
My skype name is Myofficebooks
BAS Agent and Bookkeeping