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The ability to connect your bank account to Xero is one of our most loved features and a core part of our vision to automate routine tasks. It’s designed to help your bank transactions flow securely into Xero, so you can save time on bankreconciliation and have better visibility of your cash flow.
Try MyCaseware See cash flow in real time with Wagepoint Wagepoint’s new integration with Xero connects your clients’ payroll and accounting, so you can see cash flow in real time, do bankreconciliations, create and send invoices, and more. The post Using Caseware and Wagepoint to streamline your EOFY appeared first on Xero Blog.
We recently announced at Xerocon Sydney that our team was busy enhancing the AI algorithms that power bankreconciliation in Xero, so it would recognise new contacts in your statement lines (even when they’re not in your contact list). Here’s how it works and how to recognise it when it appears in your bankreconciliation.
The post A sneak peek into what’s next for reports in Xero appeared first on Xero Blog. Check out our reporting playlist on YouTube , visit the tips and tricks panel in our most used reports, or reach out to the team at Xero Central if you need support.
One of your most important accounting jobs — bankreconciliation — relies heavily on getting accurate banking data into Xero. Yet entering bank transactions manually is often time-consuming and error-prone. Regular bankreconciliation not only saves you time, it also gives you a wealth of insights at your fingertips.
Whenever we invest in machine learning, our vision is always to give you more meaningful time back in your day, so we’re thrilled that this work in bankreconciliation has been recognised as a top 10 innovation in the 2022 AFR BOSS Most Innovative Companies list for just that. We’re passionate about ethical, data-driven AI.
Coming off the year of the US bank feed , Im excited to share that we’re releasing the eagerly anticipated reconcile period feature in bankreconciliation. This new workflow doesn’t change Xero’s real-time bank rec workflow; it’s an optional addition that can help ensure your accounting is correct.
One of our most loved features — bankreconciliation — is a core part of our vision to automate routine tasks, so you can focus on what matters most. Many of our customers enjoy bank feeds, which automatically imports data into Xero so you can complete your bankreconciliation.
In the coming months, we’ll also be enhancing the way we use AI in bankreconciliation, to populate new contacts that aren’t already in your clients’ contact lists. This will reduce manual data entry and means that for clients new to Xero, bankreconciliation is made easier on day one.
The post Highlights from Xero’s 2023 hackathon appeared first on Xero Blog. A big congratulations again to all the teams involved in this year’s hackathon and we can’t wait to see what 2024 will bring!
Try client insights now The post A new Xero dashboard to elevate your advisory services appeared first on Xero Blog. I encourage you to jump in and give client insights a try — we can’t wait to see what you think.
The post Work from anywhere with these new updates to our Xero apps appeared first on Xero Blog. We encourage you to check out the latest enhancements and look forward to hearing what you think.
The post How GenAI will shape the future for our customers appeared first on Xero Blog. These are three key areas are: Introducing conversational interfaces on the apps and surfaces (i.e. Xero has seen a 40% decrease in average customer search time, with search sessions requiring additional customer service support decreasing by about 20%.More
Finalise bank recs faster with automatic refresh As any small business owner knows, bankreconciliation (the process of confirming all transactions in your bank accounts are recorded in your business accounting records) is one of those tasks you need to stay on top of. What Xero tip would you add to this list?
You may like to learn about core bookkeeping jobs, from data entry to bankreconciliation, reporting and tax preparation. The post Where to start on your Xero education journey appeared first on Xero Blog. Upskill with ease. Once you know how to set up your small business for success in Xero, it’s time to upskill. .
This blog post from Xero Economist, Louise Southall, explains the impact of inflation on small businesses in more detail. . There are many ways to do this, from recording your transactions with bankreconciliation , to adding bills and receipts using Hubdoc. Essentially, inflation is hitting small businesses twice.
Skilled in all aspects of bookkeeping, including accounts payable/receivable, bankreconciliations, payroll processing, and financial reporting. Highlight specific skills: Showcase your proficiency in core bookkeeping tasks like accounts payable (AP), accounts receivable (AR), payroll, bankreconciliations, and financial reporting.
Some examples include: Tap to Pay for Australia, an updated tax manager for the UK and a localized bankreconciliation for the US. The post Our journey to new invoicing: an update from Diya Jolly, CPTO appeared first on Xero Blog. Thank you for your continued support and partnership.
Here are the most recent design changes in Xero: We’ve made improvements to the design and layout of bankreconciliation within the Xero Accounting app, to make your experience easier and more accessible (iOS and Android). The post Latest product news — July 2022 appeared first on Xero Blog.
bankreconciliation. automated bank rules. The post How to manage the Singapore GST rate change in Xero appeared first on Xero Blog. From 1 January 2023 (when the GST rate change occurs), you’ll need to make sure that you’re using the correct GST rate when using Xero.
A new design in the Xero Accounting app dashboard (Android) and bankreconciliation screen (iOS and Android). The post Latest product news — June 2022 appeared first on Xero Blog. This release is being rolled out in a phased approach in the weeks ahead.
Here are the latest features we’ve introduced to new reports: We’re introducing a current financial year by month report as well as a BankReconciliation report pack. Find out how to manage this change on the blog. The post Latest product news — December 2022 appeared first on Xero Blog.
upgraded versions of more reports, including BankReconciliation, General Ledger, and Journal reports. The post Product wrap from Xerocon Sydney 2022 appeared first on Xero Blog. the option to automatically group accounts according to their account code. foreign currency columns and disclosures in new reports.
The fact that we have Xero means she doesn’t have to manually do bankreconciliations and other time intensive tasks. The post The importance of community football appeared first on Xero Blog. Our Treasurer is a volunteer and has to report to the Committee every month about how we’re performing financially.
Soon, we’ll be adding more reports into Xero — including General Ledger, Journal and BankReconciliation reports — as well as introducing foreign currency into new reports. The post Why now is a great time to try new reports in Xero appeared first on Xero Blog.
Myth #3: Digital bank feeds won’t save me any time Xero users report saving up to 5.5 hours per week with bank feeds and automated bankreconciliation matches.* The truth is, setting up a bank feed is a simple and intuitive process that can be done in a few clicks.
Simply upload your PDF bank statements directly into Xero. Xero then extracts the bank data from the PDF in an average of just 35 seconds, ready for you to review and the data before it’s imported. Read the blog post about how AI and mobile technology will reimagine accounting to find out more.
Amaka – Connect your ecommerce, point of sale and e-signature platforms to Xero to automate your sales and payment transactions data entry for lightning-fast bankreconciliation. The post Apps to help solve four common small business pain points appeared first on Xero Blog.
It was the perfect location to reconnect with our valued accounting and bookkeeping partners, and share some exciting plans for new tools and features designed to make inventory management, bankreconciliation and tax management simpler and more seamless. If you couldn’t make it (or need a recap — there was a lot going on!)
Bankreconciliation is the process of matching the company’s cash ledger with the bank statements. The two ledgers generally don’t match due to factors such as bank fees, interest, outstanding checks, and deposits in transit. What Is a BankReconciliation Statement?
When your customer authorises the payment, it will mark your invoice as paid, making bankreconciliation a breeze. The post PayTo now available: More payment options, healthier cash flow appeared first on Xero Blog. Youll have peace of mind knowing the money is on its way and can manage your cash flow confidently.
Automating Routine Tasks for Greater Efficiency Manual tasks such as data entry, bankreconciliations, and invoicing can take up significant time. BankReconciliation Matching bank statements with records becomes faster and more accurate with AI-driven automation.
That means that many times you need to fix the transactions directly in accounts receivable, accounts payable, bankreconciliations, undeposited funds, inventory, payroll, and sales taxes. For bankreconciliations , you may use journal entries to write off old uncleared transactions. Journal entry, or no journal entry?
Automation of Routine Tasks Automated invoicing, expense tracking, and bankreconciliations save time and reduce errors. Leveraging Technology for Efficiency Many accounting services today offer cloud-based solutions that allow startups to manage their finances efficiently and access real-time data.
With AI, we automate routine tasks such as data entry, transaction categorisation, and bankreconciliations. AI-Powered Data Capture Financial data from invoices, receipts, and bank statements is automatically extracted and entered into the system, reducing human error and saving time.
Greater Adoption of AI-Powered Accounting Solutions Artificial Intelligence (AI) is becoming a key tool in accounting services, automating tasks like data entry, bankreconciliation, and financial reporting. Here are five key accounting trends Singapore SMEs should watch closely in 2025.
BankReconciliation Regularly matching your books with your bank statements helps detect errors early and keeps your cash flow in check. It involves keeping a detailed, accurate record of your financial transactions so you always know where your business stands.
Integrated Tools Automation for invoicing, expense tracking, and bankreconciliation can save time and reduce manual errors. Cloud Accounting Access Providers offering cloud-based solutions allow you to access real-time financial data and collaborate more easily.
Improved Efficiency With APIs, accounting and finance teams can automate tasks such as data entry and bankreconciliations, saving time and reducing the manual workload. Without APIs, many enterprises would lack connectivity, causing information silos that compromise productivity and performance , according to the article.
Many bookkeeping tasks can be automated, such as data entry, bankreconciliation, and invoicing. With tools like QuickBooks Online , Xero , and Bank Fetching , bookkeepers can free up time to focus on higher-level tasks such as financial analysis and strategy.
Common bookkeeping services include: Recording daily financial transactions Bankreconciliations Generating financial statements such as profit and loss reports Ensuring accurate expense tracking 2.
This blog will cover the nine best Zoho Invoice alternatives in 2025. Affordable Solutions With Premium Features For Your Needs Get A Free Trial The post Best Zoho Invoice Alternatives for Your Business in 2025 appeared first on Invoicera Blog. Worried about high costs of invoicing tools?
This blog will highlight: Potential AR and AP management issues. The post 13 Best Accounts Receivable and Accounts Payable Software appeared first on Invoicera Blog. Using the specialized accounts receivable and accounts payable software can help to make these processes faster and more accurate. 13 top AR and AP software solutions.
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