Xero, the makers of easy-to-use online accounting software for small businesses and their advisors announced several changes to their software, key among these was an updated dashboard presentation for financial data.
Xero’s new accounting dashboard has a new look and feel that makes it easier for business owners to get a clear view of their financial performance, putting them in better control of key business metrics. It also offers a host of new automated features that help business owners get more time back by eliminating once mundane, time-consuming tasks. The new dashboard allows users a clearer picture of their financial condition at a glance providing with the data necessary to make smart, timely business decisions.
In addition to the displays of the dashboard, users can click to view the detailed numbers in key reports such as Profit and Loss and Balance Sheet, they can even go further into the actual numbers by looking at the account transactions based upon Xrero's new reporting framework that provides columns for Gross, Tax and Net. Rod Drury, Xero's CEO said, "the beauty of Xero is that is makes it simple and easy to stay in control - and the more you use it, the more time you get back." These changes also pave the way for Xero's upcoming Business Performance Dashboard with big data insights for small business users, those improvements are due out early in 2015.
In addition to the new dashboards, today also saw the implementation of repeating journals that make it possible for business owners and/or their advisors to create repeating journals that save time by apportioning costs such as business insurance throughout the year thus eliminating the requirement to manually enter these costs multiple times. One additional feature implemented also today allows repeating invoices for paying or receiving recurring payments of the same amounts for items. Once users define the details and frequency of the invoice, costs like rent, insurance or subscriptions can be entered by Xero on scheduled basis thus eliminating the need to manually perform these steps for each recurrence.