If you are in the building and construction industry and use subcontractors then you will shortly be required to complete the Taxable Payments Annual Report for these payments. Xero has produced a special report to facilitate this. To see how check out the following video.
Xero have just released the attached video offering an insight as to how their software works and the benefits for your business. We have been using it ourselves for some time now and have been impressed by some of the time saving features in particular the bank feeds and ability to create rules for repeating transactions.
If you are already thinking of updating your software or interested in ways of increasing the efficiency of your accounting systems then I strongly recommend you take a look. If you would like any further information please don’t hesitate to contact us.
Many of our readers may have heard the discussion around cloud computing and perhaps even more specifically in relation to accounting software. Well what is it and
how can it benefit your business? Continue reading