Xero has now passed 200,000 paying customers on its platform in Australia, coming five years after the New Zealand Cloud accounting firm first set up in the market to service small businesses across the Tasman.
“The speed at which Australian small businesses have adopted Xero shows they want accounting software that is beautiful, easy to use, and can be operated from anywhere, on any device,” says Chris Ridd, Managing Director, Xero Australia.
"Xero is innovating rapidly in the accounting software space, releasing more than 400 customer-facing updates in 2014 and 150 so far this year.
"We’ve heard so many great stories of how Xero has helped small businesses and accounting practices across the country grow and thrive.
"All of our customers are truly on the Cloud; they can access their Xero accounting information online without needing to install software, or relying on local backups that can get lost or become corrupted."
According to Ridd, Xero has now grown to 200,000 paying customers in Australia, up from 158,000 at 30 September 2014, and 109,000 at 31 March 2014.
“We believe we are now truly in the early majority phase of adoption,” he adds.
"We expect to see significantly more small businesses upgrade from traditional accounting products in the coming months and years."