We’ve made some nice progress in direction of creating a single supply of reality on your shopper knowledge. It’s all a part of our work to attach our observe instruments, in order that sooner or later, as you handle your shoppers’ tax obligations in Xero, the information flows seamlessly into our observe administration instruments.

This can enable you to work extra effectively, collaborate along with your shoppers extra successfully, and handle every thing on your observe inside Xero. Listed below are our newest updates and what they imply for accountants and bookkeepers within the UK.

Rolling out the one shopper file

In case you’ve used our observe instruments prior to now, you will have observed that including or altering a shopper file in a single device didn’t mechanically replace the shopper file in different instruments. We’ve solved this by making a single shopper file throughout our observe instruments.

New practices within the UK who joined the Xero accomplice program after 6 March 2023, and those that have solely ever used Xero HQ, can now get pleasure from a single shopper file. If that’s you — it’s a good time to strive Xero Observe Supervisor (XPM) and simply handle jobs, time monitoring and billing in your observe, with the identical shopper knowledge that you simply’ve been utilizing in Xero HQ.

As quickly as you begin utilizing XPM, you’ll have all your shoppers, contacts and teams particulars from Xero HQ in there immediately. In case you offboard a shopper, they’ll be archived in each locations.

As soon as we’ve rolled the one shopper file out to new practices and people utilizing Xero HQ, we’ll concentrate on present XPM customers. As you have got two units of shopper information, we’ll information you thru the consolidation course of to verify your shopper lists are correct always.

What’s new for UK practices in Xero Tax

Along with delivering a single shopper file throughout Xero HQ and XPM, we’ve made a variety of updates to Xero Tax within the UK, that can assist you additional streamline accounts and tax work.

Newest updates to firm accounts and tax:

• Now you can put together accounts in Xero Tax, then export to a different tax software program to finish the company tax return, if wanted
• In response to your suggestions, we’ve added the flexibility to see an in depth breakdown of figures that make up an organization tax return
• We’ve added new options to firm accounts, together with extra disclosures, help for dormant firms, and growing the variety of administrators that may log off accounts
• We’ve made substantial enhancements to the formatting and presentation of our accounts.

Newest updates to non-public tax:

• Our new Private Tax report helps reviewers see all entries for the 12 months in a single place, and helps shoppers see the breakdown of figures within the tax return and throughout the abstract
• We’ve added the SA104 kind to non-public tax — a supplementary kind for submitting partnership pages in your Self Evaluation tax return, when partnership revenue must be disclosed
• Now you can file tax returns the place capital positive factors revenue must be disclosed. We’ve additionally included a Capital Features report to indicate breakdown of disposals for Capital Features Tax.

We’re persevering with to develop our MTD for ITSA resolution, working carefully with HMRC and beta contributors to make enhancements that add worth to you and your shoppers.

A sneak peek at what’s subsequent

Within the months forward, we’ll be making a variety of updates as we proceed connecting our observe instruments, so knowledge can seamlessly circulation between XPM, Xero HQ and Xero Tax sooner or later. 

These updates will enable you to:

• higher handle connections between Xero organisations and shoppers, equivalent to seeing their subscription standing within the shopper checklist, and eradicating an organisation from a shopper file
• see and handle shopper teams simply in XPM and Xero HQ, inside your single shopper file
• assign shopper entry and permissions extra simply to employees working throughout your whole shopper checklist in Xero HQ
• rapidly see the extent of entry your employees have in XPM, and simply assign and handle their permissions
• ship reminders in bulk when sending doc packs for approval and signing

Serving to you develop into extra environment friendly is the primary precedence for our groups, and we’re excited concerning the progress we’re making in direction of a single shopper file.

Within the meantime, it’s essential to verify your shopper checklist is in fine condition. Right here’s a greatest observe information for onboarding a shopper, so you possibly can keep away from duplications in your shopper information and be sure to’re prepared for what’s subsequent.