Rod Drury has stepped down as CEO of Xero, with the company’s board announcing Steve Vamos will be taking on the role on April 1.
Cloud accounting software provider MYOB is set to acquire the Accountants Practice Management division of competitor Reckon for $180 million in cash.
National Australia Bank has led a US$24 (AU$32) million Series D round for Toronto-based cloud accounting startup Wave through its VC fund, NAB Ventures.
Practice Ignition has announced the close of a $5 million Series A round, with the funds to help fuel the startup’s international growth.
Donation Manager allows a charity to quickly generate donation receipts for donors, a process which most small to medium charities are doing manually.
Accounting software company MYOB has announced its intent to acquire Paycorp, a payment processing provider, for $48 million.
MYOB has launched Advanced People, a new cloud payroll solution designed to help mid-market businesses manage their payments.
Queensland startup Panalitix is a digital membership community for accounts worldwide, connecting them with tools and information to help them better manage their own businesses and in turn, those of their clients.
Instead of trying to create a one-size-fits-all approach, Sydney startup Surgical Partners has created an integration hub that works with a range of accounting systems like Xero, MYOB and Quickbooks. The paperless system enables doctors to manage their practice with live data at the compliance accounting level and in real time.
Xero has today announced a major integration with Wells Fargo, a US bank serving one in three households and more than three million small businesses across the United States.
MYOB is dedicating 2016 to helping clients future proof their businesses, this morning outlining its vision for the ‘connected practice’ at its first MYOB INCITE roadshow event in Melbourne.
No matter how good you think you are at wearing a million different hats as the founder of a startup, there is one hat that you should look to take off as soon as possible when you start your new venture. That hat, of course, is bookkeeping. Even if you are an accounting genius, as a founder it is wise to have someone on your team that is not emotionally attached to the numbers because, at times, you will be.
I was one of the three co-founders of leading online accounting startup, Nudge Accounting. We successfully sold Nudge in March 2015 when Nudge was only two and a half years old. When we sold, Nudge was at a point where we were experiencing month-on-month the strongest growth we had ever had.
Doing one thing and doing it well – like targeting one specific industry vertical – has worked for many Australian startups. Companies like Safety Culture with its iAuditor product for OH&S personnel is a classic example of this, and now Sydney based startup BarBooks, founded by Joshua Knackstredt and Pouyan Afshar is looking to dominate the accounting software space its own specific niche: barristers.
Cloud accounting software provider Saasu has today announced a partnership with Westpac.