What’s new with Xero?
It’s no secret that we love Xero at Accounting For Good. It is our preferred platform because it’s efficient, it’s transparent and it’s easy to use.
Its position at the cutting edge of cloud-based technology means things are always evolving – let’s take a look at what’s new…
Xero holds a conference for accounting partners every year – this year the attendance of over 3,500 bookkeepers and accountants got it labelled “Coachella for accountants” (although we doubt there was crowd-surfing at XeroCon).
At the conference, Xero outlines what’s coming up on their development roadmap and they’ve kept it fairly quiet post-conference so far.
Take it to the bank
The Fin Review reported that Xero will make their API available to banks and other financial institutions to speed up the bank feed connection and allow a closer integration, a la the partnership developed to date with NAB.
It will be interesting to see whether the banks will be ready adopters – potentially smaller institutions that are more nimble might be the next group of players … watch this space.
Documents required function
The other development reported by the Fin Review is a “files required” function that will alert you when a supporting document is missing.
That’s a good feature – Accounting For Good uses Receipt Bank for this function currently and we suppose that Xero’s recent acquisition of HubDoc might be a driver of this development.
You can find Xero product news and development information here. And if you have any questions about using Xero at your organisation, give us a call; we’d love to hear from you.