Xero launched its integrated payroll offering in the U.S.’s three top employer states—California, Florida and Texas.
The roll out follows the online accounting software provider’s acquisition of payroll company Monchilla in November, with the expectation to expand to all 50 states by the end of the year.
Xero already provides payroll support in other countries, with more than 40 percent of its customers utilizing it in those countries. With the addition of these markets, Xero’s electronic filing and payment will be available to 1.3 million more small business employers.
The integration of payroll on the Xero’s accounting platform will enable users to track employee vacation balances on the balance sheet as a liability. Other features include integrated timesheets, full paid time off management, a self-service portal and flexible payroll schedules.
“Xero’s global platform and approach allow us to develop and learn from other countries and we’re excited to launch these innovations in the vast U.S. market,” stated Xero CEO Rod Drury. “We’re building on our success in Australia where we process over AU$1.5 billion of payroll transactions monthly to over 375,000 employees. Plus we're building on the recent acquisition of Monchilla in the US and the scaling of our development teams globally. This is the start of a wave of product innovations launching early this year. These innovations will deliver on our vision of a fully integrated platform for small businesses to work and collaborate on.”
The payroll solution is $30 per month on a standard plan. More information is available
