Bookkeeping stories
The UK firm said automated payment chases have also improved cash collection as more smaller businesses outsource day-to-day finance work.
More than half a million UK sole traders risk missing the first Making Tax Digital deadline, with just 30% saying they understand the rules.
The cloud accounting group's AI push aims to cut manual work for small firms as it moves beyond bookkeeping and into cash flow management.
The rollout aims to cut manual bookkeeping and speed cash flow decisions for Xero's 5 million customers worldwide.
It could cut time spent switching between apps by letting small businesses pull live accounts data into Excel, Word, PowerPoint and Copilot Chat.
Back-office automation for digital asset firms gets a boost as MoonPay adds software that speeds reconciliations, reporting and audits.
Small businesses and accountants can now automate month-end close and approvals without coding, as early access opens to XeroForce.
The tool could cut repetitive finance admin for accountants and small businesses, while keeping every automated step logged for compliance.
Small businesses can now query live Xero data in Claude as the accounting group widens its AI push to 4.5 million subscribers.
Small businesses can now ask Claude for live cash and invoice data from Xero without leaving their accounting records.
Many firms still lack AI training, even as 85% of accountants say they are excited about it, prompting a new peer forum from Karbon.
The new link should cut manual reconciliation and give smaller firms a clearer view of cash flow as costs and admin pressures mount.
Small businesses can now pull live bookkeeping data into Excel, Word and PowerPoint without leaving Microsoft 365 or exporting CSV files.
The new package aims to help firms handling sensitive client data replace patchwork systems with managed access, collaboration and security tools.
Accounting firms may be able to widen client capacity without hiring as Meridian automates month-end close work and returns review-ready statements.
Rising ATO checks are pushing small business owners to insure against accountants' fees and other audit costs, BizCover says.
Accountants cannot yet use Claude to pull invoices or amend records, as Xero's new link is limited to read-only financial summaries.
More than a quarter of owners fear the economy will worsen their strain as tax time and compliance pressures erode productivity and sleep.
Tight margins and labour shortages are pushing cafés, restaurants and bars to automate receipts and invoices, cutting hours of admin work.
More than half of small business leaders report higher productivity after adopting AI, with spending linked to savings of up to 10 hours a week.