Xero was founded when Rod Drury and his personal accountant felt that traditional desktop accounting software has become outdated, and due to this, they have created a modern cloud-based solution. It was officially launched in 2006 in Wellington, New Zealand where its global headquarters is located up to this day. Xero Online Accounting provides one of the most intuitive dashboards for its users. Some of its key features include automatic bank reconciliation and credit card account feed, invoicing, accounts payable, expense claims, fixed asset depreciation, purchase orders, and standard business and management reporting.

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