Xero Update – Q2, 2023

As a Xero Platinum Partner and one of the top 2% of Xero partners in the UK for clients and certified advisors, the Genus team at Shorts prioritise keeping up to date with changes and improvements with Xero.

New features mean new opportunities for business leaders to gain efficiencies and dive deeper into their company’s finances.

Xero recently released their 2023 Q2 product update, and here are our top five updates:

Foreign Currency Reporting

View the Balance Sheet, Profit and Loss, and Budget Variance reports in any currency enabled in your company’s Xero. Through a simple click of a menu at the top of each report, translate your financial reports to a different currency – ideal for any multinational company or group.

Contacts – Add a Note

You can now add notes to your contacts – simply “Edit” the contact and write anything you like! These notes will only be visible for users of your Xero (so your contacts won’t be able to see all the nice things you’ve written about them!).

Journal Report

The journal report has been updated with additional customisation and filters to help you display specific journals. The old version only lets you filter by date, whereas the new version allows filtering by date, account, description, journal ID and many more!

Bank Memory

Users of Xero’s bank reconciliation will be familiar with Xero’s ability to “remember” where transactions using the ‘Create’ tab have been posted previously, and suggest them again in the future.

This convenient feature has now had a useful update - when you complete details for a transaction, Xero now automatically populates similar transactions with the same details without you needing to refresh the screen.

Help Menu

Users who may want to keep the help menu open more often can now choose exactly where it sits, and how big it is, and are able to use the full functionality of scrolling through Xero whilst the menu remains open. Gone are the days of opening and closing the help menu if it gets in the way!

Not yet on Xero? Get in touch!

The Genus team at Shorts have worked with businesses big and small across a wide range of industries, helping them maximise the benefits of using Xero. The help we can offer includes a full initial set-up of Xero, Xero utilisation reviews for companies that already use it, training for staff, and regular Xero support packages, including quarterly checks and the latest app recommendations.

If you are considering Xero for your business - whether you’re just starting out or would like to switch from another platform - book a free consultation with us today and let’s get started!