Xero Tax makes its live debut
After being announced at Xerocon 2019, Xero Tax has finally reached the cloud provider’s platform. Xero’s Damon Anderson sets out the key features of the new tax app and answers some questions from AccountingWEB users.
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Replies (7)
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I wish they would just make Xero better and keep the fees down, not keep on adding half arsed stuff
We still have the "not very good" PAYE module knocking about
Reports are a mess with two different types called the same thing (!)
General running speed is not great.
Branching out into "tax n accounts " production seems foolish.
I don't see why software companies always thing they can do everything just because they have deep pockets for development. Do one thing well would be a mantra well worth repeating.
This seem to me like a "and we want £500 a year subs to be an agent" due to all this lovely software you dont use type approach to me.
Completely agree. Xero's forums have a feature request section and items of basic functionality have been on there for years without being implemented.
For example, you still cannot to this day run a supplier statement in Xero. Just google "Xero supplier statement", they don't have one!
What they did instead was to remove the dates features were requested on the forum so that you can't tell how long ago these requests were made. Problem solved.
quickbooks and other packages connect with Taxfiler and work seamlessly. is this sort of integration not a better way to go?
It seems they (and taxcalc have gone the same way) would rather than 15 sub par products connected to their one decent core product, then one 'best of breed' with seamless integration.
I really don't get it as a business plan. Integration to Xero from any final accountant package (even into excel) is no big deal. You might at worse have to post a few final journals in Xero and again in the final accounts if adjusted post import.
This seems more about end users filing their own accounts without an accountant as all the buttons are automated. That will end well.....
I tried it in parallel with Taxfiler for 1 client's accounts.
For a first release and possibly a rushed one I think it is not bad. All the numbers map quite well and the capital allowances are dealt with nicely. Less manual input vs the Xero - Taxfiler integration.
That said there were one or two bugs (date on the accountants report was 1 month off). The wording on the BS was not really up to scratch. I could not tweak it. My biggest gripe was the lack of stand alone tax computation report. In addition the review process of changes and report generation was slow.
Overall I think it might turn out quite good, but I will be very reluctant to move my production on to it knowing that at any point they might decide to charge me per client...
Absolutely agree with many comments here
why oh why do software companies think they can do everything instead of concentrating on getting their core product better.
Xero - a list of things they bought out that in my opinion are not good enough for a professional practice.
Payroll - when I looked over a year ago - no P11d's, No CIS, VERY poor reporting, maybe functional but not good enough. Maybe its improved but I would be very surprised if it stacked up well against moneysoft or brightpay
Practice management- can't even remember what its called now but even though I get it for free cannot use it because it it woefully poor
New expenses module- complete rubbish - the old system that was integrated into the main Xero they had was far better and free. There are many good apps for expenses that are far better value than Xero's attemept at an expense module
Tax and stats - First look at this cannot use, no personal tax, can't edit the accounts, doesn't feel easy to use
Why don't XERO just stick to perfecting their bookkeeping software!