Today is Labor day in the US, traditionally a day when the strengths and contributions of labor unions to the US economy is celebrated. For small business owners though it is rarely a day of rest. Research by accounting company Xero showed that only 14% of them actually completely checked out from running the business during their…
HarmonyPSA has announced the release of Harmony v3-13 in a blog by Ana Correia, Customer Service Manager at HarmonyPSA. This is the seventh release of the year and includes six new features and three bug fixes. Accounting integration improved HarmonyPSA already includes direct API integration with Xero, Quickbooks Online and Sage One. It also supports…
Xero has implemented automatic reconciliation for Stripe transactions. The two companies are already partners and this latest announcement tightens the integration between the two solutions even further. How Stripe reconciliation works Stripe reconciliation takes advantage of another of the Xero innovations, automatic bank feeds. When the Stripe payment comes through the bank feed Xero will match all…
Receipt Bank has raised US $50 million in a Series B funding round led by Insight Venture Partners. The announcement came in a blog by Henry Bell, content manager at Receipt Bank. Receipt Bank provides bookkeeping automation software and provides integrations to most of the major accounting solutions for small businesses. Its core features include…
Xero was able to celebrate several milestones at its hybrid annual shareholder conference this year. Rod Drury, CEO was able to speak about Xero’s climb up both the New Zealand (NZX:XRO) and Australian (ASX:XRO) stock exchanges to become one of the leading technology companies within Australia. More importantly, at least for shareholders, he shared that…
Cloud accounting vendor Xero continues to outperform the market with its latest results. The results are impressive even when compared to Xero’s previous results. They also show that Xero has hit a major milestone. The second half of last years results show that the company had positive cash flow. This will cheer investors as it…
Xero has published a roundup of their March releases in a blog as the company continues to make improvements to its cloud accounting solution. The blog lists nine updates for March including end of year fiscal updates for payroll in Australia, New Zealand and the UK. Xero moves machine learning capability forward As showcased at the Xero Roadshow in…
I attended a Xero-Microsoft Power BI event at Metrobank this morning. It got me thinking about what companies should be looking for in a modern accountant. Gone are the days when an accountant’s role was that of a bean counter – prepare accounts, do the tax return and that was it for the year. The…
Xero has announced that it has reached one million subscribers. In the last two years it has doubled its subscriber numbers, adding 300,000 in the last year alone. That growth has been helped by the rapid acceleration of numbers in the UK, as its market presence there matures. The bulk of its subscribers are in…
Xero has announced integrations with three different financing firms. The news comes at a time when small business are finding the tap for loans is starting to open up. Biz2Credit revealed that the banks are increasing loan approvals, up to 24.1% in February 2017 (2016:22.8%). The new integrations include two companies that offer invoice financing,…