New features coming to Xero invoicing

Xero are committed to continuously improving your invoicing experience. And as they transition to the new version of invoicing, they’re also rolling out more features and enhancements designed to streamline your workflow and boost productivity. 

As a reminder, there are some important changes happening in Xero invoicing:

  • Beginning the week of 2 September 2024 Xero will be defaulting users to the new version of invoicing experience on a rolling basis. From the time you are defaulted, you will see the new invoicing experience each time you log in to Xero.

  • Xero have extended the availability of classic invoicing, so users can choose to temporarily switch back to it until 20 November 2024, when classic invoicing will be retired.

What’s coming before classic invoicing retirement

Their have been many improvements to new invoicing based on feedback to better accommodate a wider range of invoicing needs and complexities. For example, many of the ideas shared with Xero related to ways they could improve the experience when creating a regular high number of invoices.  By making improvements for these complex scenarios, customers with more basic needs also benefit. If you haven’t tried new invoicing recently, jump in and have a look at the latest enhancements. 

And there are still many more product updates coming before retiring classic invoicing. If you are worried about a feature that is missing, be sure you first check out the list below to see if it’s still on the way. 

  • View tax rates and breakdowns in the invoice creation screen.

  • Set currency exchange rates for your invoice.

  • Record overpayments against invoices so that credit can be applied to future invoices.

  • Efficient date entry, including easy access to calendar picker and new keyboard entry options.

  • More compact line item display, reducing the need to scroll horizontally and vertically.

  • Easier inventory management, including the ability to edit items, view more items in the dropdown faster, and view stock on hand in quantity cell for tracked inventory.

  • Add new tracking options while editing an invoice to see how different areas of your business such as departments or locations are performing.

Xero also have implemented some performance enhancements to speed up the new invoicing experience and will continue to do this over the coming months. These enhancements build on the features already available in the new version of invoicing, you can see the full list here on Xero Central.

More innovation coming for new invoicing

The switch to new invoicing will unlock the ability for Xero to deliver many really important feature requests that customers have been asking for. So what are some of the exciting updates planned? 

  • New customisation tools: The launch of our new invoice template editor, designed to help you create invoices that leave a lasting impression. This new experience will give small businesses the ability to easily customise invoices that truly represent their brand – including customised colours, renaming columns, new font options, and more flexible payment settings. Xero will be launching a beta for our US customers later this year before releasing it globally.

  • Send invoices via SMS:  Available in beta for our Australian customers now, with plans to roll out to US customers soon (and other regions to follow). This exclusive functionality allows you to initiate an SMS send for your Xero invoice, making it simple and efficient for your customers to pay you wherever they are.

  • Streamlined payments experience: Xero are working to better enable the way payments are collected globally. It recently announced a range of ways they are improving the experience and offering more ways to pay. 

  • Credit notes updates: Xero will be updating the user experience to make it more aligned to the invoicing experience, with improved file preview and more detailed history.

There are also a range of other requests this functionality will unlock that Xero are building into our roadmaps after the retirement of classic invoicing. For example:

  • Providing options to set up flexible payments for a project, including the ability to take deposits or split total balances into multiple payments over time. 

  • Improving how outstanding invoices are managed, including automated follow ups and better visibility over payment status.

  • Making the setup of recurring invoices more flexible with improved scheduling options and payment methods to collect recurring payments.

  • Enabling multiple invoices to be paid at once via a statement. 

Keeping you informed, every step of the way

We encourage you to share your ideas in Xero Product Ideas, and the support team is also here to help and give you a hand with any questions about these updates.

Contact Zyla Accountants today for support with your accounting and bookkeeping requirements.

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