Articles about Accounting Software

Online accounting software company Xero is relocating its chief technology officer Peter Thiel to the US to drive product development.

Accounting software company Xero's customer growth is accelerating and, assuming it keeps up its current pace, should have about 30,000 customers by March 2011, says Barry Lindsay at First NZ Capital.

Xero has entered into a regional agreement with ANZ to distribute its online accounting services to ANZ customers.

The agreement allows for exclusive distribution in Australia and to explore opportunities in Singapore, New Zealand and more broadly across the Asia Pacific region.

MYOB has announced the upcoming release of MYOB LiveAccounts, an online accounting solution for New Zealand businesses, although its research has found most businesses don't want to use purely online solutions.

Xero reported a wider full-year loss as it spent more to ramp up global growth.

The net loss was $8.45 million, or 10 cents a share, in the 12 months ended March 31, from a loss of $6.75 million, or 12 cents a year earlier, the company said in a statement. Sales rose 229% to $3.2 million.

MYOB says accountants will be able to improve their production by at least 40% by using the latest accounting revolution, the common general ledger, developed for implementation in MYOB's Accountants Office (AO), AccountRight and Live Accounts software.

The world's first accounting software able to be used efficiently by the blind and vision impaired is attracting increasing interest from blind organizations in Australia, the United States and other countries around the globe.

Kiwi businesses shouldn't be satisfied with 'the crumbs from Australia's table', with nothing fundamentally stopping the two economies from competing on an even footing and achieving similar outcomes, according to MYOB chief executive Tim Reed.