The product is being built following last year’s acquisition of Locate inventory. Xero described the upcoming product this way: “We’ve been building a new inventory solution that will help small businesses track and manage their inventory in real time across multiple locations, provide a clear overview of their financial performance, and save time reconciling inventory data.

The company also recently introduced new features for its cloud-based accounting software. This includes providing two ways to make adjustments—bank fees and minor adjustments—when there is a difference between the amount received from the bank and minor adjustments.

In addition, Xero introduced sticky headers and rows to all new reports, provided a new Account Summary report and extended its U.S. pilot that includes a chart in the Expenses by Contact report to the rest of the world.

Bob Scott

• Email

Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind