Software Update: Smarter Tools, Smoother Workflows

May 30, 2025

By Lyssa Kemper, CPA, Partner

Each quarter, our team reviews the latest updates from the accounting software platforms we use to serve you better. These enhancements are designed to streamline your experience, boost accuracy, and help you make smarter, faster decisions. Here’s what’s new this quarter.

BILL

Now Supporting International Vendor Payments – You can now easily pay vendors overseas, simplifying global business relationships and expanding your reach.

XERO

  • Syft Analytics Now Included for users on the Established plan—offering visual insights to strengthen financial decision-making.
  • Invoicing Upgrades – New layouts, easier customization, and smoother data entry
  • JAX AI Assistant (Beta) – Ask questions like, “When did this customer last pay me?” and get instant, conversational answers.
  • Top Apps of 2024 published—explore recommended tools: View the list.

GUSTO

Spring 2025 – Gusto Solo – Built for solopreneurs and S Corp owners

  • Estimate potential tax savings with Gusto’s calculator
  • Compliant self-payroll and 401(k) plan integration
  • Smart hiring tools and decision support

Additional Enhancements

  • Health insurance now available in all 50 states
  • Run payroll from the Gusto mobile app
  • Custom roles and payroll approvals for smarter delegation and oversight

QUICKBOOKS ONLINE & QUICKBOOKS PAYROLL

  • Consolidated Payroll Reports – Combine multiple payroll periods into one Excel file for streamlined analysis.
  • Reverse Direct Deposit – Within five days of payday, you can now reverse direct deposits directly in QBO—no added cost.
  • Recurring Payments – Set it and forget it. Customers approve once, and QuickBooks automatically handles the rest
  • Tags → Custom Fields Transition – Spring 2025
    –  Migrate tags
    –  Read-only access
    –  Tags removed
    –  Custom Fields offer flexible tracking and reporting for key data points.

QUICKBOOKS DESKTOP

No More Annual Versions – Starting with the 2024 edition, you’ll receive updates automatically via internet, no more manual upgrades required.

We’re excited about what these updates mean for your business and we’re here to help you take full advantage of them.

Need help implementing any of these features? Reach out to your trusted MichaelSilver client advisor, and we’ll walk you through what’s most relevant for your business. Contact us at 847-982-0333.

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