Xero and payroll

The Dom Post reports:

Wellington web start-up Xero has announced plans to spend A$1.5 million ($1.9 million) buying an online payroll company. …

Xero chief executive Rod perDrury says Australian-based Paycycle is one of a number of companies providing payroll software that integrates with the Xero software and half of Paycycle’s customers already use Xero.

“Feedback from our Australian partners and customers is that we need to provide a fully integrated Payroll within Xero to win Australia,” says Mr Drury.

That would be great. I use Xero for both my business and personal accounting, but still use MYOB for our payroll. If Xero can integrate a quality payroll package into their system, I’ll be very very happy – both as a customer and a shareholder.

My favourite new feature I have discovered in Xero is that if I code an expense in Xero Personal as a business expense (ie paid for a work expense on my credit card), then it automatically creates a draft expense reimbursement claim for that expense in Xero Business. So no more manually entering in my expense claims. Yay.