Xero is an online bookkeeping and accounting software, headquartered in New Zealand. Xero allows its customers to log into their account anytime, anywhere; be it Mac, Windows, iPhone or Android. With a developer team of 600+ professionals, Xero knows how to just get the service right. Also, a range of 300+ add-ons provides a great scope for choice to the clients. The single ledger is a common platform where all accounts and businesses collaborate easily.
Xero has attracted investors now and then, with a network of trust built among its clients. Peter Thiel, co-founder of PayPal and the first outside investor in Facebook, has invested in Xero four times. Another US-based investor, Matrix Capital, invested $49 million in Xero in November 2012 and $15 million in October 2013.
Save Your Time Using Xero Bookkeeping
The client has myriad tools at hand that ease the process of accounting and bookkeeping beyond imagination. Xero has over 200,000 paying customers worldwide in over 100 countries.
The key features of Xero include automatic bank and credit card account feeds, invoicing, accounts payable, expense claims, fixed asset depreciation, purchase orders, and standard business and management reporting. Xero can automatically import bank and credit card statements. It offers customers the utility of integrating external applications with a free API. Xero supports multiple tax rates and currencies and incorporates a payroll feature for users in the Australian and United States markets.
It follows the concept of a unified single ledger where all data is stored in the cloud allowing users to work in the same set of books regardless of location or operating system. In 2011, Xero released the Xero Touch mobile apps for iOS and Android devices. The most distinguished feature of Xero is the cloud that gives it the freedom to design its services and the dream accounting solution. Also, with its unified platform and over 300 add-on services, it has been successful in attracting a large clientele worldwide.
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