Xero partner certification: A new way of working

Xero partner certification: A new way of working

“Why should I spend my time completing certification? How will it help me do my job? I’ve got more important things to get done in my day than do that.” To help address some of these reservations, and showcase the countless timesaving benefits of learning all of Xero’s timesaving features, here are my top 5 feature examples covered in Xero Certification that you might not know existed: Conversion balances: ­Learn about some of the common scenarios that occur when setting up Xero. From unpresented funds right through to multi-currency balances, the conversion balances are the most important feature when first starting out. If these aren’t correct, none of the balances going forward will be either. Bank rules:­ Use this to create rules that automatically code statement lines to the general ledger. For example, splitting a monthly loan payment between a principle figure and the interest amount. All you have to do once it’s in place is click OK. Online invoicing & payment services: ­Find out how you can integrate a wide range of payment services with Xero, and then assign them to a branding theme. Once you’ve done this, use the Online Invoicing link to open up a whole range of different features. From facilitating payment online, collaborating with the customer in real time, right through to seeing if the customer has actually viewed the invoice. Files: Take a look at the Files Inbox, where you can use the email address to forward over an attachment, then use this to create a new transaction in Xero. A good example might be a PDF copy of a bill. Not only...
Top 5 reasons why small businesses should pick Xero

Top 5 reasons why small businesses should pick Xero

A few years ago, who would have thought you could be watching your kids play sports while keeping on top of your business’s finances? All from a phone in the palm of your hand? Or that you could be traveling – across town or across the world – and be able to login to your accounting software and see where your business stands at that precise moment in time? As we reach the end of National Small Business week, it’s important to reflect on how technology plays a pivotal role in most small businesses and, for businesses using Xero, how you can take advantage of its capabilities to achieve your business goals. If you’re a small business owner, here are five reasons you should use Xero to help you run your business. 1. Work where and when you want to Whether you want to use your smartphone or tablet, or your PC or Mac, Xero lets you keep on top of your business finances wherever you are. Xero also works hard to ensure you – and anyone else who needs to access your finances – are working off the same data, wherever you are, whenever you want. 2. Improve cash flow and get paid faster Every business needs to get paid, and Xero equips small businesses with tools you can use to get paid faster. Go beyond “traditional” printed invoices and start using online invoices. Rather than send your customers a PDF file – or, worse, a printed document – you can send them an online invoice. The advantages? Not only is it faster, you can also see whether...
Assurance Dashboard puts advisors in control

Assurance Dashboard puts advisors in control

Internal controls are built right into Xero. They’re designed to make sure the accounting system is being operated properly and to assist with identifying errors and anomalies. Now the Xero Assurance Dashboard makes those controls highly visible so you’ll get an alert to transactions or occurrences that need attention. Continuous assurance becomes a reality Xero lives up to its mission to provide really useful business tools by using technology to do the heavy lifting with the release of the Xero Assurance Dashboard. Coupled with Xero HQ, it’s set to become the benchmark for the accountancy tools needed to deliver exceptional service to clients. Most accountants typically review a client’s accounting transactions once or twice a year, which may not be often enough to provide timely assistance to your clients. In this situation, anomalies are difficult to spot and often the effects of errors or tampering don’t show up until it’s too late. If you’re doing the accounts and no more, they may not be found at all. Now, thanks to real-time data flows, automated bank feeds and the assurance dashboard, you can help clients identify potential internal control issues continuously throughout the year. The assurance dashboard in Xero increases transparency. It brings together the key information needed to monitor the accuracy and integrity of your clients’ financial data, in one place. You can quickly identify and fix errors, or uncover activity which may not be in your client’s interests. With data feeding into Xero from reliable sources including banks, other financial institutions, bills and invoices and applying coding rules, we can rely more and more on transaction details being accurate. Continuous...
Is wearable technology set to disrupt health care?

Is wearable technology set to disrupt health care?

According to Medical Daily, wearable technology was predicted to be the top fitness trend of 2016. But is wearable technology just a trend or does it have the potential to transform the medical industry? Are doctors the next sector to experience a major disruption at the hands of tech? Wearables are already making their mark in the tech world. Fitbits, or their counterparts, are being worn on one in every five Americans, and Apple has a Health app. Self monitoring is becoming more mainstream than ever before. This means just about anyone can become health obsessed while still being attached to their phones. This is already having a positive impact of overall health and productivity. Researchers at the Northwestern University School of Professional Studies found that there’s already been a 44% decrease in sick days for employees that were daily users of wearable technology. Wearables will provide valuable information to doctors Prof Sir Bruce Keogh, a top doctor in the UK, believes wearable technology will revolutionize the monitoring of patients’ health. Especially for those patients with a serious condition. He explained to The Guardian that wearables are now being actively used by doctors when dealing with patients. Technology has advanced so rapidly doctors are already seeing patients with a previous history of heart failure benefiting from using a wearable monitoring system. By using an unobtrusive sensor device, medical staff can remotely track a patient’s health and predict if they are at risk of slipping into heart failure again. This means a doctor can bring a patient in and begin treating them before the condition becomes serious. This is a brand...
Lucy Nourse of Little Letter Lights – A Xero and Shopify customer story

Lucy Nourse of Little Letter Lights – A Xero and Shopify customer story

Lucy Nourse never thought of herself as an entrepreneur. Her journey as a business owner started more out of necessity than anything else. She had two small children at home and was looking for a marquee-style light for their room that was suitable for small hands. “I was worried about having electricity around little fingers,” Lucy chuckles. After searching online, she couldn’t find a light she liked anywhere. She found big ones on Pinterest, but none that were appropriate for kids. “I searched everywhere on the Internet and finally said to my husband, ‘I think I can make one of these.’” Lucy’s lights started getting noticed through her social media pages. This initial exposure began to gain traction and soon, people were lining up left and right to buy a lamp from her. Lucy never had a background in business and didn’t know the first thing about starting one. What she did have was a growing demand for her lights – so much so, that she started to feel overwhelmed and began rethinking her entire business idea. “The business exploded before I was even able to prepare for it. I couldn’t keep up with the demand. I didn’t have the inventory that was being requested, and started getting a lot of negative comments from people. It made me question why I was even doing this,” says Lucy. Lucy came across Shopify while searching for a better way to run her business. “I actually closed the business down for a couple weeks, and thought I would give Shopify a try to see if it could help me manage my business better....
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