Getting more from Xero

Written by
MBS Advisors
Published on
August 12, 2026

From 1 October 2026, the price of Xero subscriptions will increase in New Zealand.

This year, Xero delivered a wave of new capabilities to make the software faster, more insightful, and smarter behind the scenes.

*note, if you use Xero Payroll for more than 10 employees on your Ultimate plan, the price for each additional employee will increase from NZ$1 to NZ$2 per employee per month.

If you're paying more for your software, it's worth making sure you're getting the most value from it.

Xero is much more than a bookkeeping platform; used effectively, it provides real-time financial information that can help you make better business decisions throughout the season.

Some features worth exploring include:

  • Bank rules that automate transaction coding.
  • Receipt capture using the mobile app.
  • Real-time collaboration with your MBS advisor.
  • Instant visibility of your business performance.

Two reports worth checking this month

Profit & loss report

See how your income and expenses are tracking against expectations.

Cash summary report

Monitor cash coming into and leaving your business so there are no surprises.

Having access to live financial information means you can respond to changes quickly, rather than waiting until year-end to understand how your business has performed.

‍

Share this post
Blog

Explore our latest articles

Enjoy our latest news and blog posts

5 min read

A strong strategy is the heart of your successful business

Businesses that have clear objectives or goals, robust accountability and a shared sense of purpose should always outperform those that just show up and go through the motions. Strategy lies at the heart of most successful businesses. To achieve this you need to resource and execute with a clear purpose....
5 min read

Strong Farm Profits in 2026: The Hidden Provisional Tax Risk for NZ Farmers

After several difficult seasons, many farmers across New Zealand are finally seeing a return to stronger profitability. Improved commodity prices, favourable weather, and better production outputs have all contributed to a more positive financial outlook for the 2025–2026 farming year.
5 min read

Business Acquisition Expenses – Deductions Allowed

Businesses often incur expenses when acquiring business assets, even if the acquisition is abandoned and does not proceed. A recent review has occurred on the deductibility of these costs. In the past, an expense relating to the purchase of an asset that wasn’t successful could not be claimed as an...

Stay updated and sign up to our newsletter

By clicking Sign Up you're confirming that you agree with our Terms and Conditions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.