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The upgraded income taxreturn solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. And the new ShareFile for Clients mobile app (beta) gives clients a secure way to stay engaged on the go. .
And because theres functionality for ProAdvisors that allows us to easily review and recategorize (check out my MSN article on our favorites), it means I can feel confident about the quality of the end result before it goes onto my clients taxreturns. Net weekly gain: over five hours.
See your cash balance in the Xero Accountingapp — Global. We’re updating the home screen of the Xero Accountingapp, so you can understand your overall cash balance position. You’ll be able to customise which accounts are displayed, to help you make informed decisions on the go.
Xero Accountingapp: The invoice list view has been refreshed with a new design , to help you find the information you need quickly and make the app more accessible. Xero Me: Employees can now duplicate existing expense claims in the Xero Me mobile app, for a fast and simple way to submit similar claims.
Manage POs and contacts in the Xero Accountingapp — Global. You can now create new purchase orders and edit existing purchase orders in the Xero Accountingapp. We’ve also updated the contact list in the Xero Accountingapp, so you can easily filter and sort between customers and suppliers.
Here are the most recent design changes in Xero: We’ve made improvements to the design and layout of bank reconciliation within the Xero Accountingapp, to make your experience easier and more accessible (iOS and Android). We’ve recently made a number of enhancements to the features in Xero Tax. Company accountstax.
Make adjustments in the Xero Accountingapp — Global. We’re now giving you two ways to make adjustments in the Xero Accountingapp: bank fees and minor adjustments. Rollover and merge pre-populated data in Xero Tax — New Zealand. This helps you understand, track, manage and troubleshoot changes to employee details.
Although Shopify is a popular e-commerce platform and CMS, Shopify accounting tools are fairly limited. To execute more complex tasks such as filing compliant taxreturns, you will need an integrated e-commerce accountancyapp. What is the importance of accounting for e-commerce businesses?
Real-time data in Xero Tax — New Zealand To make sure your pre-populated data is always up to date, we’re switching to real-time updates within Xero Tax. This will be automatically triggered when you create a new taxreturn in Xero.
The invoice list in the Xero Accountingapp (Android only) is being refreshed, making it easier for you to view and find information about your business. Store government gateway IDs for personal tax — UK. We’re refreshing the new item creation page in products and services, within inventory in Xero.
However, you will usually need the following forms: Form 1040 for income taxreturns Schedule C if you are a sole proprietor and have income or losses to report 1099-K, issued by Shopify for merchants turning over $20,000 a year or over 200 transactions. Can a Shopify AccountingApp Automate My Tax Filing?
Here are a few scenarios in which you probably need advice from an accountant: Choosing an advantageous trading structure as a start-up Switching between accrual and cash-basis accounting systems Filing complex taxreturns or multi-state sales tax declarations Managing cross-border taxes for international sales Troubleshooting a cost inefficiency.
In this case, you have two options–hiring an accountant for your e-commerce business or integrating an accountancyapp that will do the legwork for you. How Do AccountingApps Integrate With Shopify? What Is Expense Tracking? It’s also vital to anticipate costs to keep track of your cash flow.
The end of the tax year often begins with relief. Relief the taxreturn deadline has been met (we hope) and has passed you by. Accountants and bookkeepers can now look ahead to the new tax year. A new (tax) year encourages you to take a fresh look at your processes. What can I do this year to improve?
When you log in, you’ll need to provide a typically 6-digit code that comes from an app, like Google Authenticator, where that code is only valid from the device in your possession. Make sure you and your team users enable two-factor authentication for all apps that you’re using. Password protect the files that you send.
2) Expense and Accounts Payable Processing. Ditch the shoebox of receipts and mountains of paper that need to be manually entered into accounting software and replace it with some nifty automated accountingapps. That said, Sage has also been making a big push with some pretty high-profile acquisitions.
This will ensure that you only admit the right small businesses into your accounting firm. 4) If you provide tax preparation services, they’re a great way to avoid a crazy tax season. Include these bookkeeping apps in your productized accounting and bookkeeping services. Preparing & filing sales taxreturns.
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