Xero customers are looking for tools to help manage their business during these challenging times and Xero has responded with three new features* to help you explore:
- Short-term cash flow projection of your bank balance over the next 30 days.
- A business snapshot showing key metrics at a glance.
- Monthly turnover projections to help you complete JobKeeper declarations.
*The business snapshot and short term cash flow are pilots that have been extended for free to all Xero Starter, Standard and Premium plans and are available until 31 August 2020.
Short-term cash flow: a better view of future cash flow
With the short-term cash flow feature you’ll be able to see a projection of your bank balance 30 days ahead. It’s a simple way to understand the impact of existing bills and invoices being paid on their due dates.
This feature has started being rolled out and will be included in all Xero Starter, Standard and Premium plans in the next few weeks, located in the Business tab. Learn more.
Business snapshot: see how your business is performing at a glance
Within the current economic climate it can be hard to truly see how your business is performing. Which is why we created the business snapshot. It’s a dashboard-style report of key financial information like year-on-year revenue, expenses, and the time it takes to get paid and pay suppliers so you and your advisor can see what’s happening in your business.
This feature is now available in Xero, located in the Business tab.
Monthly GST turnover projection
If you’ve enrolled in JobKeeper, you’ll need to inform the ATO of your current and projected GST turnover each month. This is not a retest of your eligibility, but rather an indication of how your business is progressing.
We’ve built a tool that helps project your GST turnover, so you can then log into the ATO online services through myGov and easily submit your monthly declaration. Watch a 4 min video to learn more.