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Xero releases Practice Manager for the accounting community

Xero releases Practice Manager for the accounting community

Online practice management software release delivers efficiency and financial gains to advisors

12 June 2014

Xero, the global leader in online accounting software, today released Xero Practice Manager, delivering online practice management capabilities to accountants, bookkeepers and financial advisors.

Practice Manager delivers all the key features an accountant or bookkeeper would expect from practice management software, but makes users more efficient by connecting to Xero, pulling client data in to keep contacts up to date and turning completed jobs into draft invoices in Xero. This means less moving data around between disconnected systems.

Organisations that use Xero Practice Manager can experience a faster turnaround of jobs, resulting in a reduction in the work in progress; increase working capital as a result of a decrease in debtor days; and can improve the productivity of their staff as a result of the streamlined processes provided by the platform.

Xero’s Head of Accounting Grant Anderson says the global launch of Xero Practice Manager is another step forward in providing a compelling and complete solution for the financial community.

“Practice Manager equips accountants and bookkeepers with the tools that free them up from time-consuming administrative tasks, allowing them to focus on the important advisory role and adding real value to their small business clients.

“By unifying both small business and accounting tools on the same cloud platform, accountants, bookkeepers and financial advisors can increase efficiency, saving time and money.”

Firms will be able to use Practice Manager as a key online tool for delivering job, time and invoice management. They will be able to connect their practice management to client accounting, become more efficient, take control of cashflow and have better visibility over their business.

Further efficiencies can be gained by using Practice Manager in conjunction with the Xero online accounting solution, improving the sharing and collaboration of clients’ financial information.

Blair Smith, Partner, Blacker Smith & Co in New Zealand says, "As a newly opened financial advisory business, with over 100 clients, it is paramount that we use a system that is flexible and easy to manage whilst being the best solution for us and our clients. Xero's Practice Manager solution is just that.

"With practice management software I've used in the past it's been difficult to add fields and generate reports when we've needed to, reflecting how we want to work. The flexibility of the Practice Manager offering for our business and clients on Xero is fantastic."

Xero Practice Manager, a branded evolution of the WorkflowMax Practice Manager offering, is a key component of Practice Studio, Xero’s suite of tools for accountants and bookkeepers.

It is available now for all Xero Accounting and Bookkeeping partners worldwide. Xero Practice Manager is available for no software license cost to members of the Xero Partner Program who have a status of Silver and above.

About Xero
Xero provides beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 300,000 paying customers in more than 100 countries around the world and is listed on the NZX and ASX. Xero ranks No.1 by Forbes as the World’s Most Innovative Growth Company.

ENDS

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