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

If you’ve decided to move your small business to Xero, there’s a way to do this that suits your schedule, budget, bookkeeping skills and current state of your accounting information. 

There are three main ways to move your accounting information to Xero, from your previous system. You may be using a spreadsheet, MYOB, Sage, QuickBooks or another accounting system. 

Changing to Xero is a task we call ‘converting’. You can pick the option that suits you and your current situation best: 

When deciding which route to take, here are some questions you can ask yourself. 

Do I have time to learn how to convert to Xero myself?

The time it takes to learn this task depends on your experience and skills in bookkeeping for your business. The less experience you have, the more time it will take to learn.

If you’re short on time or brand new to bookkeeping for

I’m writing this from my home in Melbourne where we are three weeks into a second wave of lockdown. We have all scrambled to adjust once again, and around the world there are similar patterns emerging as we start to see the shape this pandemic is going to take. World governments are tweaking their policy settings, and extending or scaling back stimulus packages. I heard someone say that forecasting what’s going to happen next is “like holding up your finger in a hurricane”.

At this time, evidence based information is crucial to make informed decisions and it’s vital to call out the specific impact on the small business sector. Under our Xero Small Business Insights (SBI) program, we are publishing monthly metrics showing the impact of COVID-19 based on anonymised, aggregated data drawn from hundreds of thousands of our subscribers.

Xero has been using data to brief government leaders and

Financial worries often cause extra stress but when this happens during uncertain times, it’s not surprising that these worries can begin to feel overwhelming. 

During this pandemic, there’s been lots of advice for employees on how to look after their physical and mental health. 

However, there’s not been so much guidance on how to cope with financial worries. This is most likely because everybody’s financial situation is different. In addition to personal financial situations, there is also the concern over the impact COVID-19 is having on the economy. This creates more uncertainty on what the future may look like for us all.

Economic impact of COVID-19

Financial wellbeing providers, Neyber, have analysed the economic impact of COVID-19 on employment and the cost of living in a recent blog. Here are some of the key takeaways:


“Not everyone is affected in the same way, and some of us

At Xero, we’re always looking for ways to better serve our customers and the small business economy. That’s why we’re committed to making sure we have the right people in the right locations around the world, so the teams that build Xero can live and work in the same communities that use our platform every day.

As part of this commitment, I’m excited to announce that we’re establishing the Toronto office as a product and technology hub. Toronto is a great city with world-class talent and access to a number of universities with leading STEM programs, so it’s the perfect place for us to expand our teams over the next few years.

As a Canadian, I know how proud we are of our ability to get things done and make a positive impact, not only in Canada but around the world. So it will be exciting to see how our

Ready your tablets, laptops and phones because Xero is going ‘On Air’. That’s right, we’re hosting a free to watch content series from 14-17 September dubbed ‘Xero On Air’. We will share information, tips and insights with our communities around the world.

In a whole new approach to connecting and sharing, we’ll release new ‘episodes’ each day. This means you can tailor the viewing experience to your interests and watch the episodes at times that suit you – much like your home viewing experience. Xero On Air has about 30 episodes – everything from exclusive insights to economic recovery, product announcements and inspiring customer stories.

We’ve sourced incredible talent from around the world: our people at Xero, our customers, special guests and community members, to give you a wide variety of information to help you and your small business clients adapt to a new environment. We’ve lined up our CEO,