Bookkeeping stories

Xero launches AI analytics across its platform, giving small firms dashboards, forecasts and scorecards once reserved for larger rivals.

Canadian firms are losing cash and facing fines after using chatbots like ChatGPT for tax advice, a survey of accountants has warned.

Money has overtaken health, time and relationships as the main driver of life satisfaction in the UK, new research from Intuit shows.

UK accountants say firms are already losing money to flawed ChatGPT tax advice and warn misuse of AI could trigger failures by 2026.

Xero launches global beta of JAX-powered bank reconciliation, promising to auto-match over 80% of statement lines in real time.

Research reveals many small businesses in Australia, the UK and US are cautious about AI, despite growing confidence and benefits like time savings.

Despite AI spurring revenue growth for many, over half of Australian small businesses remain unprepared to fully integrate AI into core operations, exposing a readiness gap.

Over a third of Canadian small business owners question their dreams amid fatigue, financial admin woes, and the most unpredictable economy in a decade.

Eighty percent of Canadian accountants are optimistic as AI and advisory services drive growth and transform the industry, says Xero's 2025 report.

Small business tax refunds surged by 75% in Q1 2024, with average returns reaching AUD $5,000, reveals CommBank data on Australian financial year start.

Small business sales in New Zealand stalled in the June quarter, down 0.1% year-on-year, while agriculture sales surged 10.9%, showing sector disparities.

Malaysian SMEs risk fines up to RM 20,000 as mandatory e-invoicing nears, with many unprepared due to accounting errors and outdated practices.

CIBC Innovation Banking has funded the Norvestor-backed acquisition of Wint, boosting the Swedish accounting software firm's growth and expansion plans.

Osome unveils AI-driven updates and fintech partnerships with Airwallex and Tenity to streamline business setup and finance for founders globally.

Sage has extended its Embedded Services to North America and Europe, enabling partners to integrate accounting tools directly into their platforms for SMEs.

Dext launches Vault and Dext Self-Employed in North America, using AI to streamline document management and bookkeeping for accountants and small businesses.

ANNA Money has launched its new AI-powered tax solution +Taxes, targeting sole traders and limited companies, attracting hundreds of sign-ups in just two weeks.

Anchor has successfully raised USD $20 million in Series A funding to combat late payments for U.S. small businesses, boosting growth and efficiency.

Businesses in Washington are turning to outsourced finance solutions to boost efficiency, reduce costs, and harness innovation, according to IBN Technologies' CEO.

Ignition, the all-in-one platform for professional services, celebrates its 10-year milestone and plans for future growth.