Anyone in the small business world will tell you that Xero is a big name in accounting software. It's known for being easy to use, packing in great features, and scaling alongside growing businesses. But with technology always evolving, what does Xero look like in 2024? Does it still hold up for businesses seeking a modern accounting solution?
In this review, we'll look at Xero's current strengths, what's new, and whether it's the right choice for your business needs.
Xero Accounting at a Glance: What's New?
Xero has always aimed to simplify accounting, and in 2024, it continues to focus on refinement and intelligent automation. Here are some of the key areas where Xero has gotten even better:
- AI-Powered Automation: Xero has significantly boosted its use of artificial intelligence (AI). This means more accurate receipt scanning, faster transaction categorization, and smarter suggestions during bank reconciliation.
- Enhanced Reports: Expect dashboards to be more interactive, with the ability to drill down into specific figures and customize visualizations for the insights that matter most to you.
- Focus on Tax Time: If tax prep gives you headaches, Xero might have some relief. We're seeing expanded tax features in 2024 with Xero, potentially streamlining calculations and reporting processes for businesses dealing in multiple currencies and enhancing the accounting process.
- Mobile + Cloud Improvements: Xero's mobile app is getting polished. Expect smoother syncing, improved offline access, and perhaps new features aimed at businesses on the go.
