This year’s Xero US Roadshows are chock full of product updates that are either currently in play or coming down the pike at rapid speed—accelerating, if you will.
Here are a few of the highlights:
The limited preview of US auto sales tax
- Xero’s sales tax capabilities, powered by Avalara, will help users stay on top of what is a cumbersome sales tax process. It will help: Automatically calculate appropriate sales tax rates on invoices, based on the details entered, such as location
- Break down a sales tax report into specific states, jurisdictions, and more—all in one place
- Review how sales tax entries were recorded, or dig deeper into transactions as they are reconcile, to trace any discrepancies
- File across multiple jurisdictions using Avalara’s automated e-filing capabilities (users can enjoy a discounted rate of 10% as part of this partnership)
Users can access a limited preview of this new experience from Aug. 28 2023.
This early version is designed for clients who primarily invoice for goods and services in Xero, operate across multiple jurisdictions, and have a mix of taxable, non-taxable and exempt goods.
Over time, Xero plans to expand this functionality across other areas. However, it wanted to make this available as soon as possible, so users can start reaping the benefits today.
A sneak peek of Xero Inventory Plus
Xero revealed a first look at Xero Inventory Plus, its new inventory management solution that is currently in beta. This will offer:
- A seamless sales channel integration—automatically keeping stock and products up to date, so users know when they're low
- Easier order fulfillment powered by a shipping partner, to help users find competitive shipping rates, create labels and track and manage delivery of orders in one place
- Insights on true cost and profit margin, top selling items, whether users are low on stock and more, with a simple dashboard that allows for drilling into the details
Making 1099 compliance easier
This fall, Xero is releasing a W9 management solution to make handling 1099s easier. Instead of manually requesting, chasing and entering this information—users soon will be able to easily manage this via the 1099 contact details section.
This will help:
- Centralize requests
- Store tax information and the history of W9 files in one place
- Personalize requests to improve relevancy
- Keep tax information more secure
- Eliminate manual, error-prone entry
- Fill in W9 forms without having to create an account
Latest updates to new invoicingInvoicing is one of the most critical parts of running a business or practice. It has two invoicing experiences in Xero right now—the older version (known as "classic" invoicing) and "new" invoicing.
New invoicing is built on the latest technology and has many of the beloved features in classic invoicing, with even more functionality and a refreshed design.
These features help:
- Automatically save work as a draft when adding a new or existing contact to the invoice
- Choose the fields a user wants shown on the invoice screen when creating an invoice
- Set a credit limit for a customer, view their credit details and get an alert when they’ve exceeded their limit
- Print a packing slip in an invoice that’s awaiting payment or paid
- Select preset issue dates for repeating invoices (such as the first of the month)
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