Xero integrates payroll for Aussie businesses

 

New feature in cloud offering.

Cloud accounting software vendor Xero has begun offering integrated payroll to Australian customers for the first time.

The updated solution provides many of the features offered by Paycycle, which Xero acquired in July last year, but would allow existing customers of both products to use the same login credentials.

Xero chief executive Chris Ridd said integration work for the acquisition meant rewriting the Paycycle software, which was coded in Microsoft Silverlight, to HTML5.

The integrated payroll feature will be provided at no additional cost to Xero customers.

Ridd said the payroll feature was driven by a desire in the Australian small business market - accounting for approximately 820,000 companies with less than 200 employees - to have an integrated payroll and accounting product.

Competing standalone accounting software from rivals such as MYOB have payroll integration already.

Planned upgrades for the payroll solution, including report packs for accountants and purchase orders, will be rolled out to users over the coming weeks.

Price differentiation

Australian use of the software has sky-rocketed, with the local user base doubling in the last financial year to more than 16,000 customers, making up approximately a fifth of the company's 78,000-strong user base globally.

The country also accounts for approximately a quarter of Xero's reported NZ$19.3 million (AU$14.9 million) in revenues for the year ending March 31.

Despite claims the company was listening to its users, Australian users continue to pay the most for Xero products when compared to equivalent pricing in the US, UK and New Zealand.

Where Australian users pay $64 per month for the top-tier option, New Zealanders pay AU$56.91, US users pay AU$39.84 and those in the UK are offered the same solution for $46.12, including sales tax.

Ridd said price differences between countries for Xero came down to differing regulations in each country, requiring unique functions and features. He told iTnews that Xero “hasn’t moved on price since 2008”.

Copyright © iTnews.com.au . All rights reserved.


Xero integrates payroll for Aussie businesses
 
 
 
Top Stories
Soft drinks and SoftLayer: A solution for hard times?
Coca-Cola Amatil's CIO Barry Simpson shares his story of cost-cutting, outsourcing and why his software developers to ride around in delivery trucks.
 
Optus considers breaking net neutrality in Australia
May charge Netflix, OTT providers for premium service.
 
AGL restructure sees CIO depart
Owen Coppage to leave after ten years.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Small business win in a budget with 'fair' savings: Abbott
Apr 17, 2015
Tony Abbott has reaffirmed that the government’s aim is “always to get taxes ...
Xero now includes an inventory function built-in
Mar 26, 2015
Xero has added inventory and other major new features to the latest release of its cloud ...
Apple reveals its new MacBook
Mar 13, 2015
Replacing the MacBook Air as Apple's thinnest laptop, the new MacBook comes packed with features.
Xero has released a new version of its app for the iPad
Mar 6, 2015
iPad-wielding Xero users can now take advantage of a new version of the iOS app for the cloud ...
Microsoft is offering Azure for Disaster Recovery to Australian SMBs
Feb 10, 2015
If you haven't talked to your IT provider about disaster recovery, it might be worth discussing ...
Latest Comments
Polls
Do you support the Government's data retention scheme?

   |   View results
Yes
  11%
 
No
  89%
TOTAL VOTES: 2376

Vote