Launch Webinar: Xero for Groups, The App Advantage

Join our 'Xero for Groups: The App Advantage' Launch Webinar for a practical dive into growing your multi-entity business with Xero.

Part of our series, Xero for Groups: The App Advantage. Whether you’re new to Xero or looking to get more from it, this series will show you how Xero can work for multi-entity businesses as you scale.

Hosted by CFO Techstack's David Tuck, we’ve lined up a great panel:

• Alexander von Schirmeister (Managing Director, Xero UK & EMEA)
• Annie Hawkins (Account Manager for Franchise and Membership Groups at Xero)
• Paresh Makwana, (Head of Finance at Outernet London)

What to expect:

• Paresh Makwana will be sharing his story of why he chose to migrate his 46-entity group to Xero.
• Alexander von Schirmeister will share how Xero is building the accounting platform that can help all businesses scale.
• Annie Hawkins will talk through how Xero is helping in-house finance teams, and what some of her clients are finding useful when scaling their group.

We'll share insights as to how to use Xero to help streamline your finance operations, whatever your group size. We’ll uncover the tips and tricks that finance leaders use to keep using Xero, even for large groups and high turnovers.

Whether you’re new to Xero or looking to get more from it, this session will show you how Xero can make managing your group business’s finances simpler and more efficient. Don't miss out – grab your spot now and learn how Xero can transform your finance management game.

About CFO Techstack

This webinar series is being run by CFO Techstack, the weekly newsletter for forward-thinking finance leaders, especially those who leverage Xero and its ecosystem. It's your go-to guide for transforming the finance function into a strategic powerhouse. Sign up at www.cfotechstack.com or on LinkedIn.

Q&A

Q: Paresh mentions that he can see all entities from Xero HQ. How does this work for accountancy practices with Group clients? Is there a way to separate them? 

A: In Xero HQ under the 'Clients' tab, there is a 'Groups' icon. If you click that you can create new groups of clients so you can separate them out that way.

Q: Can Xero cope with cost and profit centers? 

A: Yes, we have a feature called Tracking Categories that allows you to separate out and report on income and expenditure for different areas of your business. For a property company for example, they might want to see a P&L per property. 

Q: Can group budgets be entered in Xero HQ?

A: You can have a budget per entity but not for a group. You would need a consolidation app for that. 

Q: Is there a minimum number of entities needed to set up Xero HQ? 

A: Yes, 10. If a group has less than this but has ambitions to get to 10+ it's good to have a conversation with Xero about this. 

Q: Do Xero send out product update emails, rather than ones having to check one specific web page? 

A: Yes we do, you need to opt into receiving marketing from us in order to receive these. If you think you may have opted out in the past you can opt back in here.