Stay Ahead with Xero’s Latest Updates

At Offshore Commercial, we understand how crucial efficiency and financial clarity are for your business. That’s why we’re always on the lookout for exciting updates in cloud accounting. Recently, Xero introduced a range of powerful updates designed to streamline workflows, improve accuracy and provide deeper financial insights.

Save Time with Automated Bill Creation 📄

Manually entering bills is now a thing of the past. Xero allows you to drag and drop multiple files, automatically generating draft bills. This speeds up processing and improves record-keeping, reducing the need for tedious data entry.

Enhanced Cash Flow Forecasting with Search 🔎

Need to verify transactions in your short-term cash flow projection? Xero Analytics Plus now includes a search function, enabling you to find transactions by amount, supplier, or keywords such as "insurance." This makes reviewing your forecasts quicker and more accurate.

Improved Foreign Currency Tracking 💰

If your business operates internationally, Xero’s multi-currency capabilities have just got even better. More reports now display currency indicators and exchange rate notes, giving you greater transparency and control over cross-border transactions. 

Smoother Bank Reconciliation 🏦

Xero’s bank reconciliation process has also been enhanced - you can now manually enter your bank statement’s ending balance, making month-end reconciliation more straightforward. An updated summary at the top of the report helps identify discrepancies faster, ensuring your accounts remain accurate. 

Real-Time Inventory Insights 📄

Inventory management is now integrated with invoicing. When creating an invoice, you will be able to see real-time stock levels, ensuring that you have the necessary products available before confirming a sale. This feature is particularly beneficial for businesses handling physical stock. 

Tracking Categories for Smarter Reporting 💻

Xero’s tracking categories offer an improved way to categorise transactions. You can now easily track sales and expenses by region, product, or campaign, providing deeper insights into your financial performance. 

Simplified Fixed Asset Management 🗂️

And finally, Xero has redesigned its fixed assets interface for improved usability and introduced the ability to attach files directly to asset records, keeping all relevant information in one place. 

At Offshore Commercial, we are here to ensure you make the most of Xero’s latest features. Need assistance implementing these updates? Get in touch with our team today!