Xero is a publicly owned company headquartered in New Zealand. Founded in 2006, the company employs approximately 5700 individuals and reported $1.1B in revenue as of 2025. The company specializes in software development, providing cloud-based accounting software for small and medium-sized businesses.
On July 23, 2026, the Australian payroll landscape saw new developments with Payday Super now requiring superannuation to be paid with each pay run, alongside continued complexities in handling STP Phase 2 data and Modern Award rules, as detailed in a review of Australia-ready payroll platforms. Previously, on July 22, Zenbooks, a fully remote Ottawa-based cloud accounting firm, was named a finalist in three categories at the Xero Partner Awards Canada 2026: Large Firm of the Year, Advisory Innovator of the Year, and Community Champion, recognizing its work with over 300 Canadian small and mid-sized businesses. Also on July 22, discussions highlighted inventory software that seamlessly syncs with Xero and Shopify, facilitating the flow of sales into Xero and reconciliation of payouts, with particular attention to stock management following initial connection.
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