- About Xero: Xero is a New Zealand–based technology company that offers cloud-based accounting software for small and medium-sized businesses. This software is managing invoicing, bank reconciliation, inventory, purchasing, expenses, bookkeeping and more, Which in turn allows you to automate everyday business tasks, get up-to-date financials and run your business – from wherever you are.
- Type: Public
- Industry: Software as a service
- Xero Launch year: The year2006
- Founders: Rod Drury & Hamish Edwards
- Headquarters: Wellington, New Zealand
- Xero Offices: New Zealand, Australia, the United Kingdom and the United States.
- Key people:
- David Thodey (Chair of the board)
- Rod Drury (Director)
- Steve Vamos (CEO)
- Sukhinder Singh Cassidy (CEO) from Feb 2023
- Products: Accounting software
- Revenue: NZ$1.097 billion (2022)
- Operating income: NZ$41.97 million (2022)
- Net income: NZ$-9.11 million (2022)
- Total assets: NZ$2.34 billion (2022)
- Total equity: NZ$1.03 billion (2022)
- Number of employees: 4,784 (2022)
- Number of countries using Xero: 180 countries
- The Xero accounting software uses a single unified ledger, which permits users to work in the same set of books regardless of location or operating system. It offers automatic bank feeds, invoicing, accounts payable, expense claims, fixed asset depreciation, purchase orders, bank reconciliations, and standard business and management reporting.
- Product of Xero:
- In 2011 and 2012, the Xero Touch mobile apps for iOS and Android devices were released.
- In the 2019 financial year, Xero offered services connecting to Making Tax Digital in the United Kingdom, Single Touch Payroll in Australia and Payday Filing in New Zealand.
- Benefits of Xero:
- Get our books done faster
- Have confidence in our numbers
- Do business from anywhere, on any device
- Pay employees
- Track project profitability
- Features of Xero:
- Pay bills
- Claim expenses
- Bank connections
- Accept payments
- Track projects
- Pay runs
- Bank reconciliation and etc.
- Xero Pricing Plan:
- Starter $ 25 USD per month (Sole traders, new businesses, and the self-employed)
- Standard $ 40 USD per month (Growing small businesses)
- Premium $ 54 USD per month (Established businesses of all sizes)
- What makes Xero interesting: Xero integrates with 800+ business apps
- Awards: Won ‘Bookkeeping software of the Year’ from the Institute of Certified Bookkeepers UK (2017); Top listed in the Forbes magazine as “100 most innovative growth companies”
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