Last week (20/10/2013) Xero added a new feature – Files.
This enables users to scan and upload any business document into a Xero library ready to be attached to its relevant transaction in Xero. Files can be added by Upload or by using “drag and drop”.
Quicker tax filing and reporting
The time savings are potentially huge when it comes to analysing data for tax purposes and other reporting. Source documents can be simply available to view, download and print to support the data, so no more searching for that missing invoice. The challenge is getting your clients to use the facility ;0)
The security you’re used to, the storage you need
The new feature comes with the usual Xero-level security, with 1GB of storage. That’s about nine years of documents for the average small business! In due course Xero will be looking at ways to increase these limits in the future.
Xero is the first accounting system to jointly manage both financial data and documents in the same place and we hope you’re as excited as we are.