Xero shows auto bank reconciliation and document capture to accountants

At its UK roadshow in Bristol, AccountingWEB reports, Xero showed changes aimed at accountants and bookkeepers. Auto Bank Reconciliation processes transactions automatically when the system is confident enough, and Xero's UK product general manager Grant Smith said 60% of transactions can be handled without later human changes; that is Xero's own figure, not an independent test. Smart Document Capture pulls details, including line items, from source documents into Xero and learns from past coding decisions, and Xero says the original document, extracted details and later edits stay traceable. Xero also showed matching credit notes during reconciliation, a request with more than 800 community votes, while XeroForce, an invite-only workflow builder, remains in early access and testing.