XRO - Xero Limited

[Craton]

A business we deal with emailed to advise they had the Xero issue and, to their credit, asked if there were any outstanding/unpaid invoices.
Therefore, yet another outage imposing and interupting and impinging on the day-to-day operations on our workplaces.

On a side note and as per @Knobby22's post and link above, I note that the issue was caused by AWS.
Hmm, doesn't bode well when our govt. has teamed up with AWS (Amazon Web Services) for the "defence cloud".

 

[JohnDe]

A business we deal with emailed to advise they had the Xero issue and, to their credit, asked if there were any outstanding/unpaid invoices.
Therefore, yet another outage imposing and interupting and impinging on the day-to-day operations on our workplaces.

On a side note and as per @Knobby22's post and link above, I note that the issue was caused by AWS.
Hmm, doesn't bode well when our govt. has teamed up with AWS (Amazon Web Services) for the "defence cloud".

I am using Xero because the ATO is forcing businesses to go digital, especially with Payrol.

It is handy in some ways, but it is also another added cost, and it has not sopped the physical paper yet. At the moment about 20% of my received invoices are sent digitally, the remaining 80
5 has to be manually scanned.

 

[qldfrog]

I am using Xero because the ATO is forcing businesses to go digital, especially with Payrol.

It is handy in some ways, but it is also another added cost, and it has not sopped the physical paper yet. At the moment about 20% of my received invoices are sent digitally, the remaining 80
5 has to be manually scanned.

The good thing with ending business fir me was getting rid of xero and horrendous ATO wire dancing

 

[JohnDe]

I read a comparison article that finished with -

Xero and QuickBooks are both great accounting software options for small businesses. They both offer a wide range of features, an easy-to-use interface and competitive pricing. However, QuickBooks is best for businesses that outsource their accounting tasks to a bookkeeper or accountant while Xero is a better fit for businesses that need online accounting software and unlimited users.​

This stood out to me because it is different to my experience. My bookkeeper and accountant both recommended I use Xero to help reduce input cost and to improve accuracy.

So far it has been great, and my experience with it is why I purchased shares last year.

 

[JohnDe]

Performing quite well, with a confidence boosting SP increase.

Ms Singh Cassidy said the half-year performance showed the company’s sustainable growth strategy is working. The number of subscribers in Australia increased by 103,000 and overall revenue increased by 25 per cent from last year to almost $NZ996 million ($902 million).​

“I don’t get worried or worked up about these questions. I mostly just look at how we feel, and we feel good,” she said, adding it was unrealistic to expect skyrocketing subscriptions in mature cloud markets such as New Zealand and Australia.​

Xero shares hit record despite subscription growth slowing

The boss of ASX-listed accounting software company Xero says she’s not worried its subscription growth in Australia is slowing after its share price hit an all-time high after its half-yearly results.

Chief executive Sukhinder Singh Cassidy revealed the company increased its operating earnings by 50 per cent to $NZ311.7 million over the six months to June 30 as total subscriptions increased by 6 per cent to 4.2 million.

The result drove the share price up 7 per cent to a record $172.63 during Thursday’s trading session.

Xero chief executive Sukhinder Singh Cassidy last year. Louie Douvis

Ms Singh Cassidy said the half-year performance showed the company’s sustainable growth strategy is working. The number of subscribers in Australia increased by 103,000 and overall revenue increased by 25 per cent from last year to almost $NZ996 million ($902 million).

“I don’t get worried or worked up about these questions. I mostly just look at how we feel, and we feel good,” she said, adding it was unrealistic to expect skyrocketing subscriptions in mature cloud markets such as New Zealand and Australia.

“There’s market share to be had from different segment and competitors. Overall, we’re steady as she goes,” Ms Singh Cassidy told The Australian Financial Review.

She said Xero’s US market share is unlikely to be affected by the appointment of President-elect Donald Trump but will need to increase investment in customer acquisition and marketing to boost growth.

North America currently makes up about 20 per cent of its business but total US subscribers fell 8 per cent over the half to 365,000.

“We’ve made a concerted effort over the past 18 months to close the gap between the remaining usability issues with our product relative to the US market,” Ms Singh Cassidy said.

Founder or chief executive a ‘false dichotomy’​

Ms Singh Cassidy was appointed to chief executive of Xero in February last year after founding multiple start-ups and a three-year stint at US venture capital firm Acrew Capital.

She’s tired of the “false dichotomy” of whether companies should be led by their founder or an externally appointed chief executive.

“I’ve been quite irritated by this LinkedIn world which asks if you’re a founder or chief executive. It’s the wrong question. The question is when to flex what mode,” she said.

Ms Singh Cassidy said she often behaves like a “grumpy and impatient” founder in her current role, despite not founding Xero, but is also required to focus on ensuring the longevity of the publicly listed company which can last well beyond her tenure.

“Your job as a leader is to have operating range and be able to do both. Our job is to figure out what hat to put on to advance a company’s chances to succeed,” Ms Singh Cassidy said.

She also said founders who appoint themselves as chair of their own board are not acting in the best interest of their company because there’s no one to challenge them. The practice is common in the US start-up industry but is rarely seen in Australia.

Earnings before interest, tax, depreciation and amortisation grew $NZ312 million. Revenue increased by 25 per cent to $NZ996 million.

The company flagged operating expenses as a percentage of revenue are expected to be 73 per cent and that its product design and development spend in 2025 will probably be in line with this financial year, instead of higher.

Citi analyst Siraj Ahmed said Xero’s result was “messy” given its operating earnings beat market expectations while subscription growth lagged forecasts across all markets.

RBC capital markets analyst Garry Sherriff said the result was largely positive but partially offset by the weaker US performance.

“Bulls will like pricing strength, churn, earnings/FCF beats, while bears will point to better pricing masking slower subs growth,” Mr Sherriff said.

 

[qldfrog]

I read a comparison article that finished with -

Xero and QuickBooks are both great accounting software options for small businesses. They both offer a wide range of features, an easy-to-use interface and competitive pricing. However, QuickBooks is best for businesses that outsource their accounting tasks to a bookkeeper or accountant while Xero is a better fit for businesses that need online accounting software and unlimited users.​

This stood out to me because it is different to my experience. My bookkeeper and accountant both recommended I use Xero to help reduce input cost and to improve accuracy.

So far it has been great, and my experience with it is why I purchased shares last year.


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So different from my experience.. always increasing fees, require online internet and server, avoid if you are a micro business....even spreadsheet do better..
A different matter if you have a sizeable business

 

[JohnDe]

So different from my experience.. always increasing fees, require online internet and server, avoid if you are a micro business....even spreadsheet do better..
A different matter if you have a sizeable business

Depends on what you call "sizeable". I wouldn't say that my business is "sizeable", there's me, two full time staff and 3-part timers. Though I go through a truckload of incoming invoices.

 

[qldfrog]

Depends on what you call "sizeable". I wouldn't say that my business is "sizeable", there's me, two full time staff and 3-part timers.

Better than a one msn business, you need to handle 5 super accounts, etc..that might be worthwhile..but not for a one or 2 employees team imho.
But i understand the advantages if you can replace an accounting department with payroll, invoicing, super and tax reporting BAS etc
Was a very expensive cost and time exercise in my case and i dropped out of Xero last year after decade or so forced kicking in because it helped my accountants

 

[bsnews]

Myself and my Wife, 4 Casuals I could not live without Xero.