New Zealand-based cloud accounting firm Xero recently rolled out its 8th version, though the version is said to carry nominal changes and additions. Xero has been the accounting software Australia touted to be the best among other online accounting firm giants. But it seemed that the company still saw the need to make their SaaS better than the previous ones.
Some of these so-called “silent updates” have been pushed into the application all throughout 2014. Over 400 free new features and enhancements came right under the user’s nose while using the software daily.
Xero’s Clear and Improved Dashboard
This year’s revision will ultimately make insight to financial data a whole lot better and easier. With an updated accounting dashboard that sports a new look and feel, users will easily get a clear view of their financial performance. This gives them the ability to take full control of key business metrics by customising and prioritising data on the dashboard.
The dashboard update is obviously paving the way for the upcoming Business Performance Dashboard that Xero previewed last month. Users will hear more of this over the next few months.
Drilling into Details with New Graph Reports
The accounting software Australia commonly uses for small business accounting now lets you click key reports to view detailed figures. A new graph has also been introduced to show incoming and outgoing cash movements at a glance. This is quite useful for those backtracking on historical financial data to see past performance.
The invoice and bill graphs are also enhanced so users can view the total amounts for all outstanding invoices at a glance. This also applies to bills. Users can get a glimpse of these reports and can drill down into details if needed.
New Automated Features Available
The cloud accounting software is stocked with new automated features so users don’t have to perform time-consuming tasks repeatedly. Now, it is possible for business owners and their staff to create repeating journals. This eliminates the need to manually enter data many times. The update also comes with new bulk actions and archive capabilities to make manual journals organised.
Those clients with recurring payments of the same amount for the same items will now receive repeating invoices. The dynamic date placeholders can be defined to the invoice or bill date so users don’t have to do it manually each time.
With the latest face of Xero, that may or may not be noticeable for its everyday users, it has become even more usable. This allows users to focus primarily on more critical, day-to-day tasks for the business. Of course, the updates are free. Still, a minor fuss can be noticed. Overall, Xero remains to be the finest cloud accounting software to date.