Xero to launch fully into US market in July / Assistance With Xero / 5 Reasons why XERO is great for your Business

From Radio New Zealand News: Cloud accounting software company, Xero, says it will launch fully into the US market in July to coincide with the first round of the America's Cup.

Shares in the company fell 17 cents to $11.15 each at the close of market last week after it announced it expected its loss to almost double to $15 million for the year to the end of March.

However it's anticipating operating revenue to double to $39 million.

Chief executive Rod Drury said Australia is its big revenue market for the next 12 months but its goal is to prove it can make it in the United States.

He said in the US people have other web applications such as gmail, document storage and Basecamp.

Mr Drury said part of the strategy Xero can use in the US, which were not available to the company in Australia and New Zealand, is linking the product to some of those brands.

Xero has already announced that it's working with US storage company Box which has more than 5 million users and that will be launched shortly.

Mr Drury said he hopes entry to the United States will see Xero's growth rate increase even more quickly.

He said Xero is currently focusing on growing its customer base, making sure it has the capacity to manage 1 million customers.

Mr Drury said the company wants to break even, but currently it's wanting to hire good people and grow the business.

"We could make a profit next year if we slowed down but we're not planning to do that," he said.

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Gary Turner, Managing Director, Xero writes:  Thanks to the AccountingWeb members who suggested the idea of a dedicated Xero discussion group, and thanks to AccountingWeb for following it up.

As well as what I hope will be some good exchanges in here, we have a number of existing resources that might be helpful.

• Xero Help - help.xero.com
• The Xero Community forum - community.xero.com
• Xero Community Feature Requests  
• @Xero on Twitter
• Xero Business Essentials training videos - video.xero.com
• And finally, emailing support@xero.com is free for anyone to use, whether you're a Xero customer or not. 

5 Reasons why XERO is great for your Business

J

There are literally hundreds of accounts packages on the market in all shapes and sizes. We all know that CLOUD BASED SOFTWARE is the future and with Internet now so easily accessible it makes sense to keep up to date while on the move or in your office. Cloud based software allows you access on the move but here's 5 reasons why we think XERO is a cut above the rest.

ACCESS TO YOUR ACCOUNTS ANY DAY OF THE WEEK. ANYWHERE. ANYTIME.

Access either by logging on with a PC or Laptop or using a tablet. If you have a smart phone there's also an App so it really is the most accessible accounts package out there.

FAST, SIMPLE AND CUSTOMISED INVOICING

Getting Paid is a constant battle but a lot of the time it can be made easier by making sure your invoices are sent out in good time. Use Xero to customise your invoices with Logos, bank details or paypal account details. Easy to create, amend, change and delete if an error is made. Print them or email them. Use the App to create invoices while on the road.

AUTOMATED BANK FEEDS  - MAKING BANK RECONCILIATIONS EASY

Xero integrates with Ulster Bank, AIB and Bank of Ireland Bank Accounts. Your Bank transactions are "pulled in" automatically to Xero in real time meaning you just need to login to XERO to get a full overview of all your bank accounts.

LOTS OF EASY TO USE REPORTS

Get Profit and Loss reports by month, by year or by location (if you have multiple shops, offices or locations). Analyse sales by staff members, by customer or by type. Use the information to make up to date informed business decisions. It's your business. Make sure you know what's going on.

REAL TIME VIEW OF YOUR FINANCIALS

When you login the "DASHBOARD" gives you a full overview; real time bank balances, sales targets, money due in, payments you have to make, expenses you need to claim, credit card balances. It's a great way to see exactly where you stand at a quick glance.

Still not convinced?

Then here's a few more reasons how XERO will help make you run a more efficient business.

• Integrates with many other applications such as Stock, CRM, Job Costing, EPOS systems for retail, and many others.
• Real Time collaboration with us - your accountants.
• Safe & Secure data.
• Quick & Easy VAT Returns.
• No upfront installation costs. No maintenance costs. No Upgrade Costs.
• Pay as you go fee structure.
• Available anytime you're online.
• Customised Invoicing