Xero changes to classic invoicing
Extension of ‘classic’ invoicing to 27 Feb 2025 Xero has announced an update to its invoicing system: the classic invoicing product, initially set to retire, will now remain available until 27 February 2025 to allow a smoother transition to the new invoicing platform. Registering for e-invoicing does not mean you automatically have to send e-invoices. […]
New Xero subscription plans now live
Simplifying Your Xero Subscription — what it means for Xero users New Plans, Features, and Migration Details for Australian Customers and Partners In May, Xero announced new subscription plans for Australian customers and partners as part of efforts to simplify their plan offering. The new plan line-up bundles key features like Xero Expenses, Xero Projects […]
Xero’s STP Phase 2 roll out
Everything to know (and do) for the final stage of Xero’s STP Phase 2 rollout By now, most business owners are probably familiar with Xero’s approach to getting payroll data ready for Single Touch Payroll Phase 2. This will see businesses build on their existing STP reporting to share more information with the ATO and other […]
It’s time to transition to STP Phase 2
Over recent months, Xero has been keeping us updated on Xero’s Single Touch Payroll (STP) Phase 2 rollout. This will see businesses build on their existing STP reporting to share more information with the ATO and other government agencies whenever you process a pay run. Xero has now announced that all three stages of the rollout are […]
Single Touch Reporting Phase 2
Get ready for STP Phase 2 in Xero The next stage of the Single Touch Payroll (STP) journey is coming soon in Xero. STP Phase 2 will see Australian businesses build on their existing reporting to share more information each pay run. When will STP Phase 2 reporting be available in Xero? The rollout will […]
Single Touch Payroll changes
There have been changes to Single Touch Payroll (STP) Employers are required to report additional payroll information now or once your payroll product is ready. You need to start reporting additional information on or before each pay day — this is known as STP Phase 2. STP Phase 2 started on 1 January 2022 Some […]
Managing business cash flow and income
Managing small business cash flow and income in 2022 It’s been a lean time for small businesses, and especially the families supporting them. Xero’s small business trends report shows that 60% of small business owners are worried about their household finances running low. So while 2022 will hopefully be a year of rebounding sales and […]
Financial transparency important
Financial transparency is important to investors When pitching a business to investors, getting the right number – whether it’s net profit, sales, margins – is key. But the kind of data you present depends a lot on the stage of your startup and the kind of investor you’re looking at. As an investor himself, Sam […]
Numbers should tell a story
Money is a tricky topic for a lot of business owners There’s the matter of how to account for it, how to present it and, of course, how to raise it. In this day and age where accounting has been made a lot easier and financial information more transparent, how should business owners approach their […]
Human cost of late payments
Late payments affect business from financial and operational perspective It’s an issue that’s close to our hearts and a conversation that matters. But another conversation, one that’s often lost amid all the talk about lost revenues, invoice-chasing and the rest is the human cost of late payments. Because when businesses aren’t paid on time, it […]