Your next generation practice

Be part of the future

Introducing the next generation practice for accountants and bookkeepers.

Here you can explore the practice tools value map to see what’s available now, what’s new and what's coming next.

You can also become an insider, with early access to new features, products and feedback forms to help build Xero’s future practice tools.

What is the next gen practice value map?

The value map is our way of sharing the problems we're trying to solve for accountants and bookkeepers. It's not a list of specific features – it shows you the 'what' that we're working on rather than 'how' we'll solve it. And this isn’t everything – keep checking back since we’ll add more when it’s ready to share. Please note that this value map is only for practice tools – not general Xero tools.

Connected services

Unifying your data and tools so you’ve got consistent information wherever you are and only have to update data in one place.

Now: The tools you have today

• 2013 to 2019: Xero launches its first cloud practice tools: Recognizing the need for practices to do away with desktop servers, Xero started to build and develop cloud practice solutions.
• Single sign-on: Sign in to all Xero tools with the same login details.
• Flexibility to create a unique solution for your practice: Connect with a curated selection of third-party apps to give you the integrated solution that’s right for you.

Next: What’s planned in the future

• Navigate between tools within Xero as an advisor: This navigation anchors you to your practice so you can easily switch between the apps you use and access useful tools.
• Manage documents in one place for your practice: You can tag and securely store documents and emails against each client.
• Xero HQ’s purpose-built CRM: Make Xero HQ a purpose-built customer relationship management system utilising data from across the Xero platform.
• Single source of truth and one place to manage clients: One shared database for your client records that syncs across the entire Xero platform. There’s just one place to manage clients.
• Shared clients: Client details like names and addresses are unified between XPM, Workpapers, Xero Tax and HQ.
• One platform for all our practice needs: One place to connect, run track, manage, and report on your business. Flexibility to choose the extra services you want.

End-to-end workflows

By seamlessly connecting your clients’ books to your accounts and compliance work, Xero can save you time and eliminate double-handling.

Now: The tools you have today

• 2013 to 2019: Xero launches its first cloud practice tools: Recognizing the need for practices to do away with desktop servers, Xero started to build and develop cloud practice solutions.
• Xero Workpapers: Take the work out of workpapers with a fully featured workpapers tool built for Xero practices.
• Improvement to the new financial reports: Functionality that makes it easier to prepare compliance reports for clients.
• Control where a page in a report breaks: Customising the layout of your financial statement reports is now easier with our recent features in the layout editor.
• Improvements to report builder: Report builder enhancements that make it much easier to sort, find, and filter on all reports in Xero Practice Manager.

New: The latest enhancements we’ve added

• Collate and send documents for e-signing: Easily collate any document to be e-signed or approved through Adobe Sign, by your clients.

Next: What’s planned in the future

• Greater flexibility within Xero Workpapers for calculations: Integration of best-in-class spreadsheet calculation tools and customizable data fields in worksheets.
• Record your time from anywhere: No matter where you are in Xero, it’s easy to record and enter your time.
• Expanded access to report customisation: Greater customisation so that advisors across different countries can provide a tailored reporting experience for their clients.
• Making it easier to get oversight of jobs in Job Manager: It’s easier to get visibility of jobs, reprioritise and carry out bulk actions with the refreshed Job Manager.
• Oversee practice performance: Making it easier to manage billing, track time, and get instant oversight of practice performance and profitability.
• Improvements to sending documents to clients: Emails can be easily personalized and saved for future use. Resending is also made easy.
• Save time with seamless integration with your clients’ books: By seamlessly connecting your clients’ books to your accounts and compliance work, Xero saves you time and eliminates double-handling.

Grow knowledge and clients

Get the right training to upskill yourself and set up current clients, then showcase that expertise to find new clients and grow your business.

Now: The tools you have today

• 2013 to 2019: Xero launches its first cloud practice tools: Recognizing the need for practices to do away with desktop servers, Xero started to build and develop cloud practice solutions.
• Xero HQ staff: Quickly onboard staff, easily assign permissions, view their certification status and review their education.
• Xero certification: Become a certified Xero advisor. Learn how to set up clients, carry out common tasks and get the most out of Xero.
• Attract new clients: Attract new clients by listing your practice in the advisor directory.
• Conversion services: Convert software data easily for clients with a conversion service. Move My Book was recently added for Canada.
• Conversion tool box: Convert your clients’ data to import into Xero, such as chart of accounts, conversion balances and contacts.
• Regionalised COA templates: Regionalised chart of account templates in Xero HQ streamline client on-boarding. Accounts are pre-mapped to report codes.

New: The latest enhancements we’ve added

• Connect with businesses needing an advisor: Messages in Xero encourage small businesses without an advisor to connect with practice staff with relevant expertise.
• Customized COA templates: Create your own chart of account templates (COA) using your own practice’s COA format to streamline client onboarding.
• Effortlessly onboard new clients: Easily onboard your clients with a new visually refreshed streamlined Xero experience.

Next: What’s planned in the future

• In-product support for better learning: We’re bringing more of the power of Xero Central into our products so you can learn as you use the product.
• Generate more leads to grow your client list: More opportunities to be found by clients in more places and easy conversion to new clients.
• A platform to broaden your knowledge and grow your practice: Get the right training to upskill yourself and set up current clients. Showcase that expertise to find the best new clients.

High-integrity data

Because Xero collects, creates and processes transactions automatically, your clients’ data stays tidy and you only have to check in when there are anomalies.

Now: The tools you have today

• 2013 to 2019: Xero launches its first cloud practice tools: Recognizing the need for practices to do away with desktop servers, Xero started to build and develop cloud practice solutions.
• Document capture: Easily get bills and receipts into Xero by email, mobile, desktop or scanner. Data is automatically extracted and posted to Xero.
• Cash coding: Quickly reconcile bank statement lines relating to cash payments by creating spend and receive money transactions.
• Find and recode: Clean up accounts quickly. Recode up to 2000 line items at once: accounts, tax rates, tracking and contract, paid and unpaid.
• Bank reconciliation: Quickly categorize your bank transactions as they flow into Xero each day so you can track cash flow and be ready at tax time.
• Bank feeds: Connect to your bank so transactions flow automatically into Xero each business day.
• Ability to ask clients queries: Complete your compliance work faster. Set up, save and send customized questionnaires that clients can respond to easily.

New: The latest enhancements we’ve added

• Duplicate document detection in Hubdoc: Get notified of a duplicate document upload in Hubdoc; saving you time and reducing errors in the books.

Next: What’s planned in the future

• Only check in on your client’s data when there are anomalies: Because Xero collects, creates and processes transactions automatically, your clients’ data stays tidy.

Real-time insights

You’ll be able to make more informed decisions faster because Xero can find and show you the most relevant insights at the right time.

Now: The tools you have today

• 2013 to 2019: Xero launches its first cloud practice tools: Recognizing the need for practices to do away with desktop servers, Xero started to build and develop cloud practice solutions.
• Covid-19 resources: Monthly revenue export and Covid-19 support resources. Use the YoY revenue comparison and variance to see which clients need help.
• Xero HQ Explorer: Get insights from Xero HQ Explorer into which apps your clients use, which industries they’re in, and which banks they work with.
• Xero HQ Activity: Use the activity feed to monitor client and practice activities, transaction to reconcile, workpaper to attend to, and more.
• Xero HQ Clients: Manage your clients in Xero HQ, group and filter to find who you need.
• See more client information in Xero HQ: A new, clean table first including the ability to sort, filter, group, and export the data you want to see.
• Real-time analysis of cash flow and business performance: Get a real-time overview of financial performance, adn cash flow projections for invoices and bills.

Next: What’s planned in the future

• Cash predictions: Greater overview of the business health in short-term cash flow with cash predictions.
• Ability to customize: Customizable analysis of business performance with business snapshot.
• Saved client views: View clients and essential information by saving personalized views that provide you with the information you need.
• Access client information anywhere: No matter where you are in Xero, it’s easy to see client information.
• See relevant insights to make fast, informed decisions: Make more informed decisions faster because Xero finds and shows you the most relevant insights at the right time.

There’s more to come

Check back regularly to see progress. To give your feedback as we develop your practice tools or to gain early access to features on the value map, become a Next Gen Practice Insider.

Get early access as an Insider

As a Next Gen Practice Insider you could be among the first Xero partners to be invited into beta trials and have early access to explore new practice features and products. You’ll be able to give feedback directly to our product development teams to let us know how these tools work for running your practice and collaborating with clients.

Being an Insider is your chance to help build Xero’s future practice tools as you learn more about what’s available to you and your team.

To become a Next Gen Practice Insider, sign up now and we’ll be in touch with opportunities to get involved.