Xero Australia Roadshow 2024: Embracing the Future of Accounting and Business
In September 2024, Senior Bookkeeper, Lynn Morcilla from our Prahran office, attended the much-anticipated Xero Australia Roadshow 2024 in Melbourne. This event brought together accounting professionals, business owners, and entrepreneurs to explore the latest innovations in bookkeeping and accounting technology and tools. The roadshow provided an incredible opportunity to learn, be inspired, and gain a fresh perspective on how technology is reshaping the way we do business.
Key Takeaways from the Xero Roadshow
The Roadshow highlighted a few groundbreaking updates that will help professionals like Lynn improve business operations and strengthen client relationships. Some of the standout innovations that were introduced included:
1. JAX (Just Ask Xero) – Your New AI Assistant
One of the most exciting announcements was JAX (Just Ask Xero), an AI-powered chat program built right into the Xero platform. Much like Google Assistant, JAX is designed specifically to help accounting professionals navigate Xero’s vast features. With JAX, you can easily ask questions, receive instant answers, and streamline your workflow.
2. Tap & Pay – Payments Made Simple
Another exciting update is the Tap and Pay feature, which acts as an EFTPOS machine integrated directly within Xero. This means business owners can now accept payments anytime, anywhere, as long as they have an internet connection and a Stripe account. There’s no need for a physical EFTPOS terminal or complex applications. This seamless integration helps clients get paid faster, improving cash flow and ensuring efficient payment processing.
3. Xero HQ Insights – A Snapshot of Client Business Performance
Managing client performance is critical for Bookkeepers, and Xero’s Insights section within Xero HQ provides a comprehensive view of a client’s business performance. This feature helps Bookkeepers assess financial health and spot areas for improvement. The Xero Small Business Insights (XSBI) reports offer invaluable data on the state of small businesses in Australia, allowing for more meaningful and informed conversations with clients.
Lynn said “Attending the Xero Roadshow was a chance for me to stay ahead of the curve and gain a renewed sense of purpose in my practice.” The tools introduced at the event are designed to help businesses thrive in an increasingly digital world, and for Bookkeepers, they offer more efficient and effective ways to support their clients.
We look forward to the next opportunity that Xero provides for our staff to further develop their skills!