Aly Garrett FCA’s Post

That’s a wrap on our first in person Xero Partner Advisory Council Meeting for 2024. Always a big two days of collaborating with various Xero teams across different parts of the product as well as the executive team to understand the vision and where #Xero is headed. Some of the key agenda items we discussed and gave feedback on were as follows: - The new invoicing - feedback and roadmap - Developments in payroll - Developments in BAS - Developments in Xero HQ - Developments in Inventory - What Xero are doing behind the scenes with govt - Ecosystem/API developments - Financial insights developments + a few things we raised that we are working on in the background 🙌 + some very exciting things you will have to wait until Roadshow to hear about 🎉🎉 That’s all I can share but trust me when I say there are some cool things coming. 😎 I did ask them how far away is it until we can say hey Xero do a BAS 🧐 😜 they said that isn’t on the short term road map. Thanks for having us Xero, and for being good sports with participation in TikTok’s with us. Sarah Lawrance FCPA Aly Garrett FCA Amar Latif ➰Michele Grisdale Jason Robinson Beau Gaudron Cassandra Scott Jarrod Morris Sarah Pilling

Xero the hero of the small business accounting world, is being absolutely shredded on its own support site by its most engaged users who mainly have had enough of "improvements" making their jobs harder. A brave Xero manager tried to shift the conversation to a new feedback tool, which just inflamed the users more. Xero has a few options here, respect that its users care deeply about the product, perform a mea culpa, and embrace the feedback. Or Ignore the feedback, or worse, delete the conversation, and trigger an exodus. The users are already starting to openly discuss alternatives to Xero on Xero's own platform. Xero needs to truly engage before the most engaged users go silent. #customerfeedback #xero

"What’s the largest business, turnover-wise, you’ve worked with that uses Xero & Mayday?" The answer to this question from Tom Strange blew my mind. In advance of an event we're working on about how multi-entity businesses can thrive with Xero, Tom wanted to know the revenue of the largest group we work with at Mayday. So we went to the data. We looked at the combined trailing twelve months' revenue across the groups' Xero organisations. The results were staggering. 13. THIRTEEN groups had annual revenues of over £100m, including four with revenue over £200m and one with revenue of over ONE BILLION POUNDS. Amazing to see what trailblazing finance teams are doing to scale with Xero and its ecosystem. Proud to work with so many of them to eliminate the pain of month end with Mayday. And thrilled to tell the story and provide the precedent for how businesses can scale with Xero and its ecosystem at CFO Techstack Morals of the story: 1️⃣ Scaling and thriving with Xero is so very possible 2️⃣ If you work in the finance team of a multi-entity business that uses Xero and you'd like to help your business reach over a billion pounds of annual revenue, you NEED to be using Mayday 😉 #scalingwithXero #lovemonthend #accountingautomation Caveat - we arrived at these numbers by aggregating the value of all of the group entities' revenue GL codes, converting to GBP where relevant. At Mayday, we're not a consolidated reporting tool so don't track eliminations. These numbers will include any intra-group revenues that would eliminate on consolidation.

Ok, so I’ve seen A LOT of posts around the price increases with Xero. 🧐 My thoughts on this? You pay for what you get. Let’s be real -Xero’s functionality, integrations, and innovation are worth the cost, especially for a forward thinking business. Yes, price hikes are as welcome as a Monday morning, but let's face it, Xero consistently delivers solutions that streamline operations, enhance productivity, and provide insights that drive business growth. So, while we grumble about the cost, let's remember, quality comes at a price, and with any software, it's an investment in any business's success and efficiency. After all, you wouldn’t expect a five star meal for fast food prices, right? 😇 #xero #cloudaccounting #accounting #digital

Last week I announced I was on the way to a sustainability-focussed Partner Success day at Xero HQ - so what was the key insight from the Q&A? 👇 💡People often think of B Corp as a mark of being environmentally friendly, but that’s a surprisingly small aspect💡 Other areas assessed include the impact of the business and its approach to; • workers • customers • community • governance • supply chain Given the core values, attitudes towards team members and client focus, Xero partner firms are likely closer to the B Corp standard than they imagine. The key differences tend to come from 1) Mission Lock - changing the company’s Articles of Association to include explicit consideration of people and planet, not just profit in its decision making. 2) Impact Business Model - a systemically embedded impact/charity contribution (in our case 20% of profits). But It’s not about meeting the standard. It’s about the attitude, the values, the commitment to business as a force for good. It’s about the continuous drive to improve. Not an alien concept really. It’s a common trait for many businesses, particularly Xero partners. Why not have a run through the free B Impact Assessment tool. #bcorp #xeropartners #sustainability  

Pleased to say I’m Xero certified for another year 🗓️. Xero is constantly evolving with product updates, new features and improvements and for this reason it’s important to stay up to date. If you need assistance setting up xero for your business or want to make sure you are getting the most out of the new product features feel free to get in touch. Consilium Chartered Accountants #xerocertified #cloudaccounting

Yay! Look what just arrived - my very own Xero shirt! 🥳 We're super excited and can't wait to officially join the Xero team! 🤩 Working together has been an absolute blast so far - it really feels like we're all on the same wavelength. Syft Analytics + Xero is going to shake things up in the industry! 🚀 #Syft + #Xero #TeamworkMakesTheDreamWork #AccountingandAccountants

🦄 I have some magical news for you. You can move to Xero new invoicing and STILL have a unicorn. ✨ How fabulous is that? 🌟 It's more than just a unicorn... 🕵️♂️ The unicorn was one of those hidden easter eggs that was introduced into Xero eight years ago by Craig Walker, co-founder of Xero. Bringing the unicorn back into Xero New Invoicing is remembering the past, while building upon the future. 😢 So the community were very upset that we had lost our unicorn, our magical unicorn. 🎉 We as a community are happy and excited that Xero has brought it back. 💡 And what it means for us is that the software development team is listening to the community. 🛤️ While we go on this journey of development and evolution, you're listening to us by bringing the unicorn back, and maybe you'll put a few more easter eggs in Xero for us to find. 🎨 So give it a go. Try out Xero's New Invoicing, type in “I want a unicorn!” with an exclamation mark and you too can bring your own unicorn to Xero new style invoicing. 🚀 I’ll also add that I have now personally made the switch to Xero's New Invoicing. I have massive FOMO I'm missing out on Xero London, but we shall always have the unicorn. #AccountingAndAccountants #Xero

In our previous Xero for Groups webinar, the amazing Annie Hawkins from Xero shared her valuable insights on how Xero HQ supports multi-entity groups—a significant revelation. Watch Annie discuss the benefits in this video. 🤔 Got a new team member joining or an existing member leaving? With Xero HQ, you only need to add or remove them once, without the hassle of updating each Xero file individually. 🤔 Welcoming a new entity to your group? Easily implement your standard chart of accounts across all entities directly from Xero HQ. ...and more! Join our upcoming webinar where our Co-Founder and CEO, David Tuck, will be joined by Annie and Paresh M., Head of Finance at Outernet London (who manages a 50-entity group on Xero HQ!), to discuss how Xero HQ can help you manage multiple entities on Xero 🚀 Mark your calendars for Thursday 20th June at 10am BST and sign up now: https://lnkd.in/ej-3vVsd #XeroHQ #MultiEntityManagement #Webinar

IT'S HERE! Xero for Groups: A step-by-step guide for scaling with Xero 👇 https://lnkd.in/eBfhv_Uk In just two weeks since launching, we've had: 🚀 Almost 300 downloads ⭐ Overwhelmingly positive feedback from finance leaders In this guide we bring together all the best insights from 20+ in-house finance leaders and Xero experts, to give you: 👉 Realistic actions to make Xero work for your multi-entity 👉 Success stories from the finance teams currently doing it 👉 Recommendations for optimising your Xero set-up 👉 Expert insights on building your multi-entity tech stack https://lnkd.in/eBfhv_Uk Download now and join hundreds of finance professionals already benefiting from this guide! #XeroForGroups #MultiEntity #Accounting #AccountingSoftware