Editorial Manager/US Team Lead
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Payroll
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Xero Enhances Payroll and Inventory Features

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Jul 15th 2015
Editorial Manager/US Team Lead
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Xero has expanded of its payroll support for U.S.-based businesses, as well as inventory management tools.

In addition to, California, Colorado, Florida, Indiana, Maryland, New Jersey, New York, Tennessee, Texas, Utah and Virginia, Xero now offers payroll solutions in Nevada and Illinois. Xero customers in any of these thirteen states who have less than five employees receive payroll support at no additional charge. In the near future, the Xero Payroll team will be focused on rolling out solutions and support for Alaska, Hawaii, New Hampshire, North Carolina, Washington and Wyoming.

Employers can pay their employees using Xero and the service is included in Xero's monthly subscription for companies with five or fewer employees. Employers can set up direct deposit or instant checks and even offer employees the ability to create timesheets at no additional cost.

As for the enhanced inventory news, Xero now offers retailers a new Item Inventory List Report that offers a real-time snapshot allowing users to quickly view the amount and value of their inventory and order new products accordingly. The report also allows users to count inventory, provide an inventory audit trail and reconcile the asset ledger in terms of value at a particular date. The report will include stock that hasn't moved during the month, the value of each product and the total value of the inventory.

Accountants can also use the report to reconcile the company's books and help keep business owners updated on their inventory.

“Our focus on developing and improving value-added features like payroll and inventory tracking is very important to our customers and us here at Xero,” Russ Fujioka, Xero's U.S. President, said in a statement. “As a cloud-based solution, we gain insights today that help us shape our product and translate to value for our customers as we help prepare them for their future.”

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