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For small Irish businesses using Xero , one irritating headache that it’s created relates to using bank feeds. Or in other words, Xero is no longer able to provide automated bank feeds for Irish banks. Xero are continuing to explore options including potentially piggybacking on third-party feed data providers.
By 2020, AI was projected to eliminate or automate up to 40% of basic accounting work. For small businesses, this upheaval signifies potential savings on operational costs and increased accuracy, resulting from minimized errors in financial reporting.
In starting an accounting firm, the combination of accounting and bookkeeping services, processes, and technology required to deliver an ideal outcome to the market you are targeting in a repeatable, systematic way would be a simple way to think about what a productized service offer is. Xero Practice Manager. It’s pretty cool.
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