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These include: regular live webinars from our education team ( register for upcoming webinars now ). Soon, we’ll be adding more reports into Xero — including GeneralLedger, Journal and BankReconciliation reports — as well as introducing foreign currency into new reports.
AI automates some processes, including bankreconciliation, lease accounting, approval workflows, depreciation, etc. A general accounting ledger includes all the assets, liabilities, expenses, and income to maintain all the financial records in one place. AI can also help identify errors and fraudulent transactions.
This means that e-commerce sellers are dealing with massive amounts of transactions that need to appear in the generalledger correctly so that you can easily reconcile these transactions with a bank statement. Blake and I have talked to plenty about the massive shift to online shopping during the time of COVID-19.
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