Xero has updated its cloud accounting program for individuals, Xero Personal, with an iPhone app. The Xero Personal for iPhone app used bar charts to show whether the user was within budget for spending categories such as entertainment, eating out, clothing, as well as saving.
“Xero Personal for iPhone gives you a picture of your finances on the go, allowing to see at a glance your progress against your spending and savings goals, to set up categorisation rules for new transactions, and see transactions across all of your bank accounts, whether you bank with one bank or four,” Xero said in a blog post.
Xero has signalled that mobile applications would be an area of focus. The company changed its direction on mobile development by deciding to write native applications for Apple’s mobile operating system iOS and Google’s Android.
Xero recently established the School of Mobile, a training program for experienced developers looking to transition into mobile apps.
Accounting software company Reckon, formerly the Australian distributor of the QuickBooks brand, revealed a heavily featured mobile app would be released with its upcoming cloud accounting program, Reckon One.
Xero Personal has received little attention compared to Xero’s accounting program for businesses. Released in 2010, the personal accounting program received bank feeds in December, well after the business version and its last major update.