Latest product news – May 2021
Our latest product releases allow you to send and receive e-invoices in Xero, view all your bank rules in the one place, and more. If you’re a Xero partner, don’t forget to register for our upcoming quarterly product update, where our education team will walk you through a demo of all the latest releases, so you can maintain your advisor certification.
New features
Make your reports beautiful in Xero HQ — Global
We’ve given the Report Styles page in Xero HQ a facelift. This makes it easier to upload the logo of your accounting or bookkeeping practice, and choose the title colour that will appear on published reports (new reports only).
Upload COA templates in CSV format to Xero HQ — Global
We’ve made it even easier to customise your Chart of Accounts (COA) templates in Xero HQ. You can now upload an existing COA template in a CSV format to your template library. Your template will be automatically mapped to Xero account codes, helping you onboard new clients faster, without creating a new COA template from scratch.
View all your bank rules in the one place — Global
Setting up bank rules helps you reconcile some of your more frequent transactions, such as ‘Parking’. You can now view the details of each rule (such as ‘Payee contains Parking’) in your bank rules list, rather than having to click ‘edit’.
Register to receive e-invoices — AU and NZ
Last year, we offered the ability for Xero customers in Australia and New Zealand to send e-invoices. This allowed you to benefit from the governments’ commitment to faster payment times. We’ve now launched the ability to receive e-invoices. All you need to do is register once, and your incoming e-invoices will be delivered directly into Xero, pre-populated as a draft bill.
Stay compliant with updated 1099 reports — US
Setting up separate 1099 rules for each account code can be a hassle. That’s why we’ve introduced a new feature that allows you to select multiple accounts when setting up rules. We’ve also given you more visibility, so you can see which bank account a transaction was paid from and which credit card transactions were automatically excluded. Our latest 1099 reports also reflect the new regulatory changes from the IRS, to help you stay compliant in 2021.
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Source: Xero Blog
