The cloud-based finance and accounting solution provider is aiming to expand its local presence with the appointment of a dedicated NZ executive.

Users are invited to trial the new program, that promises to halve the amount of time spent on the compliance process.

“Our growth is an indication of the strength of the small business economy across Australia and New Zealand,” says Xero’s managing director of Australia and Asia, Trent Innes.

MYOB claims that it is now the fastest growing cloud accounting business across Australia and New Zealand, after taking on 205,000 new subscriptions in just 12 months.

Chartered Accountants Australia and New Zealand (CA ANZ) has called on some of Australasia’s notable innovation communities to help future-proof the accounting industry.

Version 5 enhances system security and gives customers the ability to electronically file GST returns.

Four students from the University of Auckland scooped the top award at MYOB’s IT Challenge finals for their simple and intuitive cashflow calendar designed for small- and medium-sized businesses.

The Awards were held last night on the eve of Xerocon Brisbane, and this year they were even bigger than ever.

Xero will pay US$70 million (NZ$ 103 million) to acquire Canadian-based cloud bookkeeping firm Hubdoc.

CEO Clive Rabie will step down as CEO, to be replaced by current MD Sam Allert.

Making the most of cloud solutions is about more than a lift-and-shift of your processes.

“At the heart of Xero’s automation vision is to augment humans, not replace them.”

As practices digitise, streamline, scale and specialise, those who hold onto the traditional approach risk being left behind.

The changes include the implementation of the new Pay Day PAYE process, the accounting income method (AIM) for provisional tax, and a revamp of myIR.

The new technology aims to let accountants and bookkeepers provide in-depth business insights to clients.

“We are seeing more and more accountants and SMEs embrace their digital future and migrate online,” - CEO Tim Reed.

The new office will include a coworking space and event centre that will focus on cloud-based business platform innovation.

Paralympian-turned-artificial intelligence-advocate Liam Malone featured as the keynote speaker.

For a business with less than $5 million revenue, every three months its cloud accounting software will calculate the tax obligations owed.

Reckon Group’s Document Management Business has demerged and listed on the AIM market of the London Stock Exchange.

Small businesses may be the engine room of the Aus economy, but it appears support doesn’t go both ways.

More than 650 employees will be spread over five levels with an internal atrium staircase connecting the floors.

“This is a fantastic opportunity for us and an exciting step forward for the future of the accounting industry.”

50% of businesses use 10 or more expense codes, while others create their own codes, which means that information is often entered incorrect.