"

Estimated reading time: 0 minutes, 38 seconds

Xero Automates Account Codes

Herman Man, XeroXero 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.

Read 2720 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.