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.