Accounting automation gets a boost, with Xero’s claims that its next update will automate the coding of invoices and bank transactions, in this article by Yolanda Redrup in the AFR.
Businesses will win and accountants will, errr, hopefully still have something to do.
Accounting through xero and receipt-bank is already incredibly automated. It will be interesting to see how this new automation will be taken up and whether receipt-bank will still be required.