Daniel James for BIT Australia writes: Xero users will be able to track how their business is comparing to other Xero users.
The changes
include a revised dashboard, which is a stepping stone to a major
change coming in early 2015 that will show how the business is tracking
compared to other Xero users.
The current updates include a new graph showing cashflow for the
last few months, inclusion of all outstanding (not just overdue) items
in the invoice and bill graphs, and the ability to rearrange the
dashboard and remove any unwanted items.
"Key reports" including balance sheet and profit and loss now allow
drill-down to the underlying numbers - something that's been possible
in desktop accounting systems for years.
Repeating journals (eg, to apportion annual charges across each
month) are now supported, along with more granular bank rules (which
determine how transactions are automatically coded), and provision for
dynamic placeholders in recurring transactions (eg, so that the
description field can include the month of the invoice, as in "January
membership fee"), and a mechanism that reduces the risk of accidentally
creating duplicate contacts.
Xero has benefited from more than 400 improvements and new features during 2014, according to the company.
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