Xero’s June 2021 Releases

Throughout June, Xero brought us many new features focused on the payments and invoicing experience in Xero.

We’ve broken down the latest product news that affects those in the UK, to make sure our clients are always up to date.

Set a Default Due Date for Bills in HubDoc

Since Xero and HubDoc integrated, several new features have been introduced to make it easy for users to capture bills and recipes in Xero.

Their latest feature allows you to set a default due date for suppliers, on your terms. This is useful if the date isn’t included on the bill or if you want to pay all of your bills on the same date.

Print a Basic Packing Slips

When sending goods to customers, you may want to include a packing slip. You can now print a basic packing slip from an approved invoice, without needing to create a new template (available in new invoicing only).

If this simple version doesn’t suit the needs of your business, you can still create a bespoke template in Xero.

Receive Payments in Multiple Currencies with GoCardless

If you’re using the new GoCardless integration in Xero, you can now set up payment accounts in multiple currencies.

Simply visit the Payment Services settings screen and add one or more payment accounts in the eligible currencies that your customers use.

Send Quotes with Attachments On-The-Go

You can now add attachments to your quote when sending it via the Xero Accounting app on your mobile device.

This means you can share your terms and conditions, brochures, images or other materials relevant to your quote, and they’ll be included in the email to your customer.

Add a file to a PVA entry on your VAT return

If you import goods to the UK and use Postponed VAT Accounting (PVA), you’ll receive a monthly statement from HMRC called MPIVS.

You can now attach these statements to PVA adjustments in the VAT return in Xero. This means you won’t need to store documents in separate places, which will save you time when accessing and reviewing your records.

Comply with VAT changes in WorkflowMax

In March 2021, HMRC implemented new VAT legislation for the UK construction industry. It’s a new way of accounting for VAT on invoices where the customer is VAT registered themselves.

WorkflowMax has now been updated to account for this change, so you can mark clients as Domestic Reverse Charge applicable, which allows reverse tax rates to be applied to quotes and invoices by task and cost line.

Make sure to check out our other blog posts for more business & Xero news!