Xero in 90 days Posted on October 9, 2018
The release of an integrated inventory module will put Xero on par with QuickBooks Online and Saasu, jumping ahead of MYOB Essentials and Reckon One and will complete the accounting software equation.
We found out that average cost will be the costing methodology, that stock adjustments for both quantity and value will be available but we don’t see an opportunity to do a full stock take.
Additional features we can expect in the 90 day timeline includes:
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Enhancement to sales quotes which were released at the end of 2014, thereby removing the need to use a draft invoice. The upcoming enhancements include online quoting, the ability to copy the quote to a purchase order or bill and to send to the customer with accept/decline options and add to comments.
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Global searching which will include the option to search the entire product or a specific sub section to find a text or numeric string.
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Business KPI’s including Accounts Payable and Receivable days, inventory turnover and gross profit – all of which can be added to the dashboard.
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A Find and Recode feature to enable fast correction of errors.
Further out than 90 days, we can expect some enhancements to the new reports including the ability to run the profit & loss on a cash basis, group detail accounts under a header and add a formula to a line amongst others.
A business performance dashboard will provide a set of tools to help understand the financial health of the business and a host of enhancements to the sales and marketing cycles will be available.
There seem to be many interesting developments that have progressed beyond the drawing board and we can look forward to some solid functionality gains during the rest of this year.
To find out more about the upcoming developments/enhancements or to book a Xero introduction, click here.
