Product update — 18/11/2024 🚀

Welcome to our weekly product update. Each week, we highlight Briefcase’s latest features and AI improvements designed to make bookkeeping and accounting workflows simpler and more efficient. Here’s what’s new.

Historical learning 📚

We’ve extended our AI’s learning capabilities to include historical transactions already posted in the financial ledger.

• When you connect a new Xero client, we automatically embed the previous 12 months of historic transactions overnight.

• For every new transaction processed, our AI agent applies its learned knowledge to improve categorisation accuracy.

• If you disagree with the categorisation, you can change the category, and the AI will learn from it in real-time for the next transaction processed.

  

Updated description extraction 📝

At month-end, it can be a pain to go over every transaction to identify which were prepayments. Soon, Briefcase will handle this for you. In the interim, we have updated our description extraction to always include service delivery dates where present.

New fixed assets threshold 🏗️

Our AI categorisation now ensures that only transactions above a £250 threshold are categorised to a fixed asset ledger. This prevents low-value purchases from being mistakenly marked for depreciation.

What else we’ve shipped 🚢

• VAT rate is now included on the inbox page so it can be viewed alongside category for all transactions and published in bulk where appropriate.

• Fixed a bug when publishing and updating multiple line items in a foreign currency.

That’s all for this week. Have any questions, ideas or feedback? Hit reply to this email and let us know.