Leading online accounting software firm Xero continues its rapid innovation with a world-first launch of bank reconciliation on mobile, available on both Apple iOS and Android devices. Bank reconciliation is incorporated into the latest versions of Xero Touch now available from the Apple App Store and Google Play.

Xero was the first cloud accounting software to introduce daily automated bank feeds for business owners, transforming the time-consuming bank reconciliation process into something people could actually finish in seconds and enjoy doing. And now, Xero is the first online accounting software to bring bank reconciliation to mobile - and it’s fast.

Bank reconciliation on Xero Touch automatically finds and suggests matching transactions, supports transfers and allows notes to be attached to statement lines.

“For many small business owners, checking bank accounts is the first thing they do in the morning. Keeping on top of cashflow is paramount. By reconciling bank data over coffee, at the bus stop, or on the train small businesses take advantage of downtime and can arrive at the office up-to-date on their accounts and cashflow,” says Xero Mobile Product Manager Matt Vickers.

Accounting on mobile devices improves cash flow and management of small business accounts on a number of fronts. Bank reconciliation is the latest feature for Xero Touch, which also lets you check on all account balances in one place, send invoices while still in the field, and manage expenses by taking photos of receipts.

“We’re now doing things you could never dream of with legacy desktop software,” says Vickers. “Getting key accounting features into small business owners' hands, anywhere and at anytime, has completely changed the way people run their business.”