💡 What We Know So Far About Xero’s New Auto-Reconcile (JAX) Xero’s new automatic bank reconciliation — powered by JAX — is now rolling out, and here’s what’s clear from their latest updates: ✔️ You have to turn automation on for each bank accountIt’s not automatic by default. You choose which accounts JAX is allowed to help with. ✔️ JAX will auto-reconcile transactions only when it has “high confidence”This means it won’t guess. It only matches when the system is sure. ✔️ You still have full visibility and controlYou can review, adjust, override, or switch off automation at any time. ✔️ A new “Reconciled” view will show what JAX has processedSo you can easily see what’s been automatically matched behind the scenes. 🔍 Bottom line Xero/JAX can auto-reconcile future transactions — but only if:1️⃣ You’ve turned it on for that bank account, and2️⃣ JAX is confident the match is correct. It’s smart, it’s helpful… but it still needs your oversight.

https://blog.xero.com/product-updates/automatic-bank-reconciliation-jax-beta/?utm_source=sfmc&utm_medium=email&utm_campaign=GL-4765-O-ABP-PRD-ROW&utm_content=&sfmc_key=092dbab8eee2c9b361af5a222fe4c06f7beb7cb6-R0wgNDc2NSBPIEFCUCBQUkQgLSBPcGVuIEJldGEgTGF1bmNoIEVtYWlsIC0gQUIgLSBBTlogYW5kIFJPVw==

Did you know that if you add something in the 'note' in DEXT that this flows through to the Reference field in Xero? I didn't!

What is Xero Syft? Syft Analytics is a leading global cloud-based reporting and insights platform for small businesses, accountants, and bookkeepers. Xero announced the acquisition of Syft in September 2024 and are currently in the early phases of introducing Analytics powered by Syft to Xero.

https://www.xero.com/au/just-ask-xero/ Just Ask Xero (JAX) is designed to assist you wherever you work, automating accounting tasks and delivering personalised insights, so you can focus on what you do best. Its smart technology and conversational style is powered by generative AI.