I’ve recently joined the Small Business Web board and am thrilled to help this organization continue its journey towards creating better, more integrated web of business applications.
The Small Business Web is a trade association that believes in world where software works to help small businesses around the world be more efficient and productive. It is made up of nearly 200 companies who are pursuing a vision where anyone, without restriction, can build, sell and use software using infrastructure common by all. Continue reading ›
Read more about Business
1:35 am GMT (2:35 pm NZT) We are experiencing slow performance on Xero applications including accounting and payroll.
The Xero operations team are working on the root cause of the problem and we will rectify as soon as possible. We will provide another update at 2am GMT.
We apologize for the impact this issue is having on our users.
UPDATE 2:01 am GMT (3:01 pm NZT): Performance has returned to normal however there is a small risk that we will experience further performance issues. We will continue to monitor the system and further updates will be posted as soon as we have any new information.
We think of industry awards as a bit of fun showbiz recognition for the team, and it’s always a good coping strategy to not take them too seriously because you’ll only get depressed when you don’t win.
So, in that level headed spirit we’re super-crazy chuffed that Xero won the Best Client Software category in the British Accountancy Awards at the Tower of London last night, the biggest awards in the UK accounting industry’s calendar.
It was particularly gratifying to read the comment from the judging panel that “Xero is a poster child for the new breed of online accounting systems.”
We’re pleased to announce that Xero is expanding into a third building in Wellington. We now have over 600 staff globally of which 250 are based in this city.
What has been known as the Manthel building is on the high profile corner of Taranaki and Wakefield Streets, in view of the existing Xero HQ. It is also across the road from an additional space we are leasing in Wakefield Street. The building is being repainted as shown in the picture mockup and will be called Xero Two.
Staff will start moving in to Xero Two from the end of December this year. We will take the ground floor of the building for an initial term of just over two years. We are excited about the location and unique character of the building and the landlord is committed to further development work around further space.
This area really is Wellington’s “hi-tech precinct”, with Trade Me, NZX, Infratil and other firms nearby. It is close to transport for commuting staff and there are plenty of cafes and facilities nearby. It’s fantastic to be able to use our growth to revitalize character spaces in this beautiful city,
Further extending their collaboration with Xero after the launch of credit card feeds last month, ASB have today launched support for loans, term deposits and foreign currency feeds.
ASB is the first bank in Australasia to offer support for foreign currency accounts in Xero. If you are using Xero’s large product and have multi-currency requirements, such as exporting income or payments to international suppliers, these feeds will help you keep on top of activity in all the foreign currency accounts you hold at ASB.
Today cloud accounting moves beyond transactions and reports to include files and documents as part of the full financial data picture. Welcome to Files in Xero.
Traditionally, the files you create and receive as part of your business have been stored away in filing cabinets, shoe boxes or in some hidden folder on your computer. While many of these are directly related to your business, it’s not always easy to locate them when needed. With all your business data in Xero, it no longer makes sense to store your financial data and files separately – and this will make collaborating with your advisors even easier.
Files lets you attach multiple documents to almost anything in Xero and have them right at your fingertips, exactly where you expect to find them. Files can be associated with invoices, transactions, expense receipts, fixed assets, contacts, chart of accounts, bank accounts and even manual journals.
Xero has had single file attachments on bills and receipts for a while – but that was really only the beginning.
Congratulations to our CEO Rod Drury for last night winning the New Zealand Ernst and Young Entrepreneur of the Year Award, sponsored by ASB.
From Rod this morning:
“This really means a lot to me. I started my career at Arthur Young and went through the merger when EY started. I’m so grateful for doing my apprenticeship with such a great firm and being part of an outstanding alumni.”
“It was also significant that ASB Bank was the principal sponsor, as the ASB was the first bank to give Xero overnight Bank Feeds. That kicked off an accounting revolution where now it’s expected that all accounting software should have that feature.”
“Anyone who has done a business know it’s all about the team. It’s humbling to be part of such a great group of people.”
Continue reading ›
We are delighted to announce that the new version of Xero Touch for iOS is available today for download from the iTunes App Store. It’s a total rebuild of the application from the ground up, using the iOS SDK and taking full advantage of Apple hardware to boost performance and responsiveness.
We’ve made some tweaks to the design to look more at home on iOS7 devices, and we have completely redesigned bank reconciliation to help you get through your bank reconciliation faster. Bank rec in bed is now a reality.
With this full rebuild complete we’re now in a good position to deliver more frequent releases and drive further mobile accounting innovation. Let us know what you think in the comments.
New version of Xero Touch for Android coming soon
A native rebuild of Xero Touch for Android is well underway with our recently formed Android development team. We’ll bring you further updates when we have them.
Getting your first job after University can be daunting. During my studies I knew I really wanted to work as a Web Developer and it would be a dream job to be part of the huge-growth SaaS industry.
After reading about Xero in the news and doing some research it was obvious that Xero is a leading SaaS company with an extremely exciting future. This was a future I wanted to be a part of and the Xero careers page had Developer opportunities in New Zealand, Australia and the United States.
The Xero Graduate Day happens once a year in both Auckland and Wellington Xero offices. It was advertised through University Career Services and some of the Xero Dev Team presented at our University so we got the chance to talk to them beforehand as well. Xero sounded like a great place to work so I sent my CV through and a couple of weeks later got an invitation to take part in Grad Day. Here I am giving it my best shot…
Grad Day was a fair bit different than what you might expect. The tone of the day was very casual and not intimidating at all. I expected a number of long interviews but only had one ten minute interview. Throughout the day we also did two short technical coding tests, a team building exercise and a quick presentation.
Today we are very excited to announce Xero has raised a further US$150 million of new capital from a range of investors including existing shareholders.
This is a very high quality funding round with our existing large investors Peter Thiel and Matrix Capital Management continuing to support us as we grow value. We have added some of the smartest and largest technology investors on the planet shaping our register for success in the USA.
This capital raise allows us to continue building the world’s best team and our vision of supporting millions of small business customers and their advisors worldwide. It’s a clear endorsement of what we’ve achieved to date and sends a strong message on our aspirations.
For our customers, Xero has the financial footing to continue to build the world class team and tools to support your business for many years to come. For our accounting and bookkeeping partners, Xero has become the safe bet for your practice needs and will continue to deliver a wall of innovation to improve your productivity and profitability.
Thank you to those existing shareholders coming in again and our new shareholders that join our team. We truly appreciate the advice you give us and the access to your networks.