Xero have recently released new Xero pricing plans, and part of the increase is to include the new Expenses feature on the standard and premium plans.

So, what does this mean?

This new pricing on the standard and premium plans, includes one active Xero Expenses user with subscribers paying an additional $5 per additional active user. You’ll be prompted when you first use the new expenses tool to confirm which staff members can access it and it’s easy to manage these users in your Xero permissions settings.

How does it work?

Xero expenses allows the user to take a photo of their receipt, upload it and code the expense through their Xero app. The expenses can then be approved for reimbursement, or categorised, by the business or their advisor for quick filing. Xero Expense provides real-time insights into who’s spending, how much, and on what.

Because of the number of people involved in an expense process – the employee claiming the expense, the staff member responsible for approving and processing the expense, and the person who pays the expense –  it can often become a disjointed and time consuming workflow. Xero Expenses reduces the hidden costs of processing expense claims for small businesses.

Please see the YouTube video below, which gives you a demonstration of this feature in Xero.

If you have any questions, please don’t hesitate to contact your WK Advisor, or phone the office.

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