Our partners and customers are leading the way when it comes to serving the financial services sector, with over 90 nominations for the Women In Finance Awards 2020.

Heading into its fourth year, the Women in Finance Awards is a prestigious event aimed at spotlighting the innovation and strength that female leadership brings to Australia. The awards give female talent the acknowledgement it deserves by providing a platform for women to gain industry-wide recognition.

We continue to be amazed and inspired by our partners, particularly how they’ve stepped up in these incredibly challenging times, and continued to be influencers and trailblazers in their industry.

From big business to small sole practices, the contributions of these amazing women are seen as exceptional. We send our biggest congratulations to all of the nominees! We’re proud to stand (virtually) alongside you and wish you every success for the upcoming ceremony.

The following Xero

By Amanda Dodge

There are several indexes used to track the overall health of the economy and help business owners understand the trends they see locally. These relate to consumer trends, the stock market, and employment.

The government also releases data related to employee behavior. The U.S Bureau of Labor Statistics also releases monthly data on the country’s “quit rate,” or the rate at which people voluntarily quit their jobs. The quit rate has historically flown under the radar as Congress and local municipalities alike focus on unemployment numbers as the main barometer of economic health. However, as a small business owner, the quit rate might have more of an impact on your operations – and your employees – than you realize. 

Understanding the Quit Rate

The quit rate refers to employees who leave companies of their own accord as opposed to team members who are laid off or fired.

Over the last few months, here at Xero we’ve been working with many accounting firms wanting to move their practice tools online so they can work remotely. Whilst there was a lot of enthusiasm there was also fear of the unknown – how do we make the change? Who is there to help us?

After talking with our friends at BGL, we realised their customers were facing similar challenges and we thought what better way to help them make the transition than to host an event about embracing positive change.

We invited change management experts Adaptive Change Mindset to provide their insights and tips and we heard the experiences of accounting firms who have moved from desktop to online. Here are some of the key takeaways.

1. Having the right people in place for implementation

Speaking with an account manager to learn about cloud tools before considering the implementation

It’s been over four months since the Government-backed Coronavirus Business Interruption Loan Scheme (CBILS) and business Bounce Back Loan Scheme (BBLS) were introduced. Whilst there has been huge uptake of these loans, many businesses have still struggled to access them.

As UK high streets reopen and businesses start to trade again, we know that operating costs will be rising and for many, access to finance will be essential to their recovery.

I recently hosted a live panel session with three experts in the lending space. We discussed the latest updates to the schemes, alternative options available for those who might have been rejected and much more. I was joined by Katrin Herrling, CEO and Co-Founder of SME lending marketplace Funding Xchange, Mat White, Accounting Relationships Manager at iwoca and Tom Davenport, Head of Partnerships at MarketFinance

Here are some of the key takeaways from the session. You can

Xero’s app marketplace gives small businesses and their advisors access to over 800 apps to unlock productivity and run their entire business operations. Each month we celebrate an app partner that really stands out for helping our joint customers thrive.

We’re pleased to announce our app partner of the month for August is Pipedrive. Pipedrive is a sales customer relationship management (CRM) tool that makes life easier for its global customers, so they can focus on selling. 

Pipedrive launched its first integration with Xero in 2019, allowing customers to create Xero invoices and track their status within Pipedrive. It has been a popular integration in our app marketplace ever since. 

We spoke to Bruno Domingos, Lead Product Manager at Pipedrive, about the company’s journey with Xero and how their integration can save valuable time for salespeople. 

The benefits of artificial intelligence and automation

Founded in Estonia in 2010 by

With many stores still closed and everybody spending more time online, it’s no surprise that there has been an explosion in demand for online shopping. Going online is a great opportunity for small businesses to expand their offering and grow their customer base (including their international reach), but setting up a successful ecommerce platform comes with its own challenges. 

It’s essential to have your financial house in order before you start expanding into new areas, and it’s vital to implement best practices from the beginning of your ecommerce journey to avoid headaches down the line. Fortunately, accountants can offer expert guidance through the world of digital sales. 

Breaking down reports

If you don’t know your numbers, you’re flying blind – but Amazon, Etsy, eBay, and other online sales platforms all use vastly different reporting methods. If you’re using multiple platforms, this can quickly become tricky to manage. Fortunately, accountants can