iZettle, Europe's number one mobile payments provider, is partnering with cloud based accounting software Xero, in a collaboration that will allow Xero's small business customers to automatically integrate their accounts with their iZettle activity in real-time.

FineExtra.com writes: The integration, which has been beta tested amongst a handful of small businesses and accountants, will be available to all in two weeks.

Managing business administration such as VAT returns, bank reconciliations and invoicing can be a painful process. Connecting iZettle with Xero relieves that stress and allows business owners, bookkeepers and accountants to work smarter and faster together. Users no longer have to manually input their transactions, deposits and receipts, saving time and reducing errors.

"Connecting Xero with iZettle increases business productivity," says Sian Kelly, director and accountant at Inform Accounting.

"We no longer have to wait for our clients to input their transactions and we can view their bank balance in real-time, improving the rate at which we can provide business critical recommendations."

"Helping small businesses grow and succeed is at the heart of everything we do," says Jens Munch, VP of strategic partnerships at iZettle. "We have helped small businesses accept card payments and increase their sales, and now we want to remove further headache and help small business owners manage their accounts in a simple and convenient way."

"We're pleased to have iZettle onboard," says Gary Turner, managing director at Xero. "Together we're simplifying financial management for small businesses and we're confident our customers will appreciate this seamless integration."