December 09, 2013 08:00 ET

Xero Unveils Payroll to Bolster Next Generation Cloud-Based Accounting Platform

The Time to Switch Is Now: Accounting and Payroll Now One Seamless Solution

SAN FRANCISCO, CA--(Marketwired - Dec 9, 2013) - Xero, the global leader in online accounting software, today announced it has integrated payroll into its award-winning, cloud-based accounting platform, to continue to deliver efficiency and affordability to accounting professionals and small businesses. Payroll in Xero offers a seamless single accounting and payroll solution for automatic updates of your general ledger, tax calculations, and tax alerts/filings, as well as providing employees easy access to their payroll information.

With most companies' fiscal years ending in December, Payroll in Xero arrives at the optimal time to migrate from legacy systems like Intuit® QuickBooks™ to cloud-based solutions that are easier to use, more affordable and yield more productivity.

"Simply put, Payroll in Xero is an absolute game changer to the efficiency of my firm, saving our practice 45 hours a week, easily. Bringing together the two formerly disparate systems of accounting and payroll allows for the most efficient collaboration possible between accountants and small businesses, eliminating struggles of the past," said Steve Chaney, CPA, Managing Partner, Chaney & Associates. "With Xero, I don't have to worry about mundane tasks like importing and exporting data. Instead, I can focus on the fun stuff: face-to-face meetings, being a strategic resource and helping my clients become the businesses they set out to be."

Payroll in Xero provides a full feature set that improves operational efficiencies for accounting professionals and small businesses, seamlessly integrating into the larger accounting platform so data is automatically uploaded into the general ledger, which eliminates the need for time-consuming manual data entry. The data can be accessed by unlimited users via a single log-in, but security protocols ensure that accountants and payroll professionals can view data relevant to them while employee's can only view their individual payroll data.

Other Payroll in Xero features include:

  • Simplified Electronic Tax Filing/Payments- Payroll in Xero alerts customers to deadlines and offers state and federal tax documents than can be auto-populated, filed and paid electronically.

  • Employee Engagement- Employees can benefit from Payroll in Xero through use of Xero's employee portal, which allows for submission of timesheets, access to pay stubs and the ability to apply for time off with just a few clicks.

  • The ABC's of API- Payroll in Xero adds another layer of productivity by including an API to easily connect to other key business systems such as timesheets, employee scheduling, HR management and costing solutions.

"At Xero we're perfectionists. Payroll in Xero has been a feature years in the making, as we aimed to create a feature made exactly the way accountants want it. We've listened closely to our customers and we are beyond words excited to offer this new feature to help them meet their business demands," said Stuart McLeod, VP of Global Payroll, Xero. "In addition to developing efficiency improvements, we aimed to time the release in December, as the month is widely viewed as the optimal time of year to upgrade systems, which usually entails migrating from legacy desktop systems to cloud-based solutions."

"Following our recent funding round of $150 million, Xero is continuing to double down on product and development. Payroll in Xero sets the new industry standard and frankly, it's one of our biggest product updates ever," said Jamie Sutherland, President, Xero U.S. "In 2014 and beyond, we look forward to creating additional efficiency-improving features that aid customers trying to climb out of the quicksand that is QuickBooks."

Payroll in Xero is immediately available in California, Florida, New Jersey, New York, Utah and Virginia. Availability in other states is forthcoming and can be tracked here.

As part of its ongoing effort to support customers, Xero is rolling out a series of webinars to help accounting professionals and small businesses embrace the powerful combination of Payroll and Accounting with Xero:

About Xero
Xero is beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 210,000 paying customers in more than 100 countries around the world. Recently Xero garnered a five-star review for Software As Service from CPA Practice Advisor. The Xero US team is headquartered in San Francisco. Xero is hosted with Rackspace in Chicago.

To gain insight on how to grow your small business, visit Xero's Small Business Guides.

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