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"Xero is AUS/NZ accounting software that makes me happy to be me .. Xero makes me smile. It is 'fun-to-use' business software - believe it or not - it almost makes me enjoy paying my taxes." Quote: :Tidybooks TidyBAS, User, financial adviser, software consultant, BAS Agent and trainer. http://en.wikipedia.org/wiki/Xero_(software) Xero (NZX: XRO ) is an online accounting software product for small and medium-sized businesses, as well as for personal finance. The product is sold by subscription (a distribution model commonly known as Software as a Service or SaaS) requiring the payment of a monthly fee. This charge is proportionate to the number (and type) of company entities managed by the subscriber. The technology entrepreneur Rod Drury founded Xero Limited in 2006. The company listed on the NZX early in the company's history after a high-profile[citation needed] IPO. In May 2009 it closed a second round of funding of NZ$29 million for international growth. The bulk of this new funding (NZ$18 million) came from Craig Winkler - an Australian technology entrepreneur. The Board of Directors includes Sam Morgan, who founded New Zealand's highest-traffic website TradeMe in 1999 and sold it for NZ$700 million in 2006. The Board of Advisors includes Andy Lark, the Global Vice President of Enterprise Marketing at Dell .In 2010, Rod Drury announced[1] that Silicon Valley billionaire Peter Thiel was investing $4m in Xero for a 3 percent share, valuing the company at $133m.[2] Xero has its headquarters in Wellington, New Zealand, with a branch in Auckland and operations in Australia, UK and USA. [edit]Product The key features of Xero include automatic bank account feeds, invoicing, accounts payable, expense claims, fixed asset depreciation, and standard business and management reporting. Xero can automatically import bank statements from thousands of banks globally, including the major banks in USA, UK, New Zealand and Australia. Xero is available globally and provides localized versions for USA, UK, New Zealand and Australia. [edit]API
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