Earlier this week the cloud accounting service provider announced they had reached over 100,000 UK subscribers.
The company, founded in New Zealand, have scaled operations quickly across the world, gaining popularity amongst small businesses throughout Australasia, the UK and the US.
Rod Drury, CEO at Xero, said: “Two years ago we reached 30,000 subscribers in the UK, and we celebrate constant growth to achieve the significant milestone of 100,000 subscribers in the UK.
“In that time we have solidified our position as the UK’s leading cloud accounting platform. Xero’s growth globally can be attributed to constant innovation and delivering best-in-class tools to our partners and small businesses who inspire us every day to keep raising the bar.”
The company have released hundreds of new updates within the last 12 months, including the much-anticipated billable expenses and invoice reminders. This latest roll-out has started with small businesses being able to recoup costs and protect profit margins by recording expenses and bills that need to be on-charged to the customer.
Astra Winwood, head of small business at Bracey’s, said: “Xero have continued to be the accountancy service provider that small business owners need. Their innovative approach is addressing the modern tech-savvy business person who wants a fast and effective alternative to existing software.”