The cloud-based software provider has expanded its partnership with payments portal Square to include Australia, allowing Aussie businesses to accept payments wherever they are.
With the launch of Square Reader, small businesses that use Xero will now be able to connect their Square account to their accounting dashboard, cutting down manual data entry and bank reconciliation.
The integration with Square allows businesses using Xero to accept card payments anywhere. In addition, all Square transaction data is automatically fed and matched into Xero, eradicating manual data entry, and businesses can see income statements and balance sheets in real-time. However, the point of sale system does lack one key function: contactless payments.
The integration with Square in Australia expands on a long-running partnership between the two companies that began in 2014 for US customers.
“Our partnership with Square connects the best of both worlds,” said Trent Innes, managing director of Xero Australia.
“Square replaces clunky, expensive cash registers and connects it to Xero, the cloud software that has made accounting software beautiful and easy to use for 600,000 small businesses,” he added.
“Now businesses can literally sell to anyone, anywhere with a card, whether it’s in-store, at a pop-up market, or on the side of the road. There’s no more manual data entry or ensuring their accounting lines up with their point of sale – it’s all there at a glance.”
Square’s Australian country manager Ben Pfisterer said the company is committed to make card payments simple for Australian small business owners.
“Our partnership with Xero aligns strongly with this market commitment. Through Xero's seamless integration with Square, we are giving business owners time back that they can reinvest in growing their business.”