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Xero has automated account codes in its cloud accounting software. The company's artificial intelligence system will consider each individual business's characteristics, then recommend account codes to be used for each bill entered.

"This is just the first step in our promise to make code-free accounting a reality for all our small business and accounting partners alike," says Herman Man, VP of product and partnerships at Xero.

The company says Bills is the second-most commonly used Xero feature, but also has the second-highest rate of defaults as each line of a bill is edited individually.

With the new capabilities, accounts continue to be coded as usual. A minimum of 150 bills is required to be entered and as more bills are entered and accepted or corrected, the better the suggestions become.

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