Nov 22

10 tips for the new financial year

Posted by Mitch Uzelac at Friday, November 22, 2013

What can do to ensure a smooth-running, stress-free 2014 financial year? Here are my top tips:

1. Pay your tax on time: As simple as it may seem, this is crucial if you want to avoid the penalties of late payments.

2. Establish a budget: Take some time now to plan your budget for the year. Not your scene? This is something we can assist you with – and it’s cheaper than you think!

3. Get on Xero: Don’t just believe us… we are one of 200,000+ businesses globally onboard and it really is as good as they say. Try your free trial here. Already on Xero? Great! Only six more top tips to check off your list!

4. Reconcile reconcile reconcile!: The more often, the better. It will save you time and confusion later down the track.. and let’s face it, it’s pretty satisfying!

5. Stay on top of outstanding debtors: If there’s no cash in the bank, this could be a reason why.

6. Don’t make blind decisions: Seek advice before making any major decisions, like purchasing new equipment.

7. Use the correct account: Ensure you use the right bank account for your purchases, if you can, keep your business and your personal purchases as separate as possible.

8. Get the best deal: Review your company’s finance and loan situation to make sure you are getting the best deal that you can.

9. Are you adequately covered?: Make sure you are covered for the risks associated with your business. Talk to your adviser if you’re unsure.

10. Use payroll software: With so many good options out there, there is no need to be wasting your time with antiquated payroll systems. This also goes for job management, communications, accounts and document storage. Xero has a great payroll system inbuilt.

Oct 18

Xero raises $US150m (by Rod Drury, CEO, Xero)

Posted by Mitch Uzelac at Friday, October 18, 2013

"It’s been a big week for us at Xero. Not only have we raised another $US150 million of funding, but we also have a brand new version of Xero Touch for iOS for you to download today.

More gas in the tank

We’re thrilled to announce that Xero has received $US150 million in funding from the brightest investors in technology including Peter Thiel’s Valar Ventures, Matrix Capital Management and Viking Global Investors. It’s a huge endorsement of what we’ve achieved to date and allows us to further invest to serve you even better in the future.
We’re no longer a startup working from an apartment. Our massive global customer number growth and more than $US190 million in the bank is further confirmation that we’re in this for the long haul.
You can read all about the capital raise and see a roundup of what the press had to say on our blog.

Reconcile from anywhere

We’re also thrilled to announce a new version of Xero Touch, our iOS app. We’ve had over 125,000 people download the current version of Xero Touch. It helps them send invoices on the run, keep track of expenses and more.
Without getting too technical, the last version of Xero Touch was not a “native” iOS app. Over the last 6 months we have fully rebuilt it as a first class iOS application so it’s quicker, slicker and we can innovate much faster from here on in. Please try our new Bank Reconciliation – we think it’s even more fun than before.
You can download the new Xero Touch here. A native version of Xero Touch for Android is in the works too and will be available soon.
And if you’re not using Xero Touch yet, you can get a great overview of what it can do in this new video on our blog.

Quick company update

Thanks to your support, Xero has grown to over 600 people. We’ve recently opened new offices in San Francisco, Denver and London so our team is growing around the world. As always, the best way to stay on top of all things Xero is to keep track of our blog.
Stay tuned for our Files release next week. It’s a game changer."