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By Sharna CouperXero has recently announced a number of exciting new Payroll features, which are coming in their update this month. The feature that we are most excited about is the automatic integration of payroll transactions into your General Ledger. We have found in the past that the process of creating and approving bills for pay runs has been a source of confusion for many of our clients. This new release will mean that once you have posted your pay run, Xero will do the rest for you -... More...
With the new financial year rapidly approaching employers need to be aware of tax and superannuation changes that will affect their employees.Superannuation rateFrom 1 July 2014 the superannuation guarantee rate will increase from 9.25% to 9.5%. For employers using Xero, whose employees are set up to receive the 'statutory rate' of superannuation, this change will automatically be applied for the first payroll after 1 July 2014. If you are using Xero, it is worth reviewing your employee list... More...
From 1 July 2013 employers will need to pay 9.25% superannuation contributions on ordinary times earnings of their workers, an increase from the current rate of 9%. The superannuation guarantee percentage will continue to rise each year, until it reaches 12% in the year commencing 1 July 2019.This change will hit businesses bottom line, and you should ensure your budgets for the coming year reflect the increase. For larger employers the change may be substantial. It is also worth reviewing y... More...
Written by Courtney Marsh. I love it when things can be simple and easy to understand. This is something Xero does extremely well. Xero have listened to customer feedback and made some changes that might seem minor, but will simplify the book keeping process.Xero have simplified the bank reconciliation process by replacing the “unreconcile” and “delete” buttons with a simple “remove and redo” button. This small change will help reduce confusion when a mistake has been made reconciling the ba... More...
Written by Adele Wardley. We know book keeping has traditionally been time consuming and boring, but it doesn't have to be that way any more.Xero is a fantastic product centred around the user (YOU) not the accountant that helps business owners get organised and stay organised with their book keeping and invoicing. Our first xero seminar of 2013 was extremely well attended, so book in quickly for our April session to ensure you reserve your spot. There is no cost to come, and we will provide... More...
Written by Adele Wardley. It isn't very often that I (Adele) think "wow - that's cool". I'm actually a pretty good cynic most of the time (yes, I am an accountant).But, yesterdays release of the iPad app for Vend definitely had me excited - so excited I even watched the promo video twice! I'll leave it to you to decide whether you think it's cool too - check out the new video below. More...
Written by Adele Wardley. Xero's latest payroll release is here (installed while you sleep!) and now facilitates employee's entering their timesheets directly to Xero payroll from their employee portal.We hate duplication, and we love automation. This latest, much anticipated, release allows your employees to enter their daily hours worked in their employee portal. These hours will then flow through to your payroll for the week - in addition to the existing options to enter their leave reque... More...
Written by Adele Wardley. Time. It’s probably a small business owner’s most valuable asset and simultaneously their scarcest resource. Being a small business owner myself I understand the list of ideas, tasks and possibilities is almost always bigger than the time I have available. There is nothing quite so motivating as building and maintaining a successful business, yet nothing as frustrating as having more ideas than you have time to implement them.One of the first things many business ow... More...