The UK arm of KPMG has selected Xero’s accounting platform to form the basis of a new division which will provide select Cloud-based accounting and tax services to small and medium-sized enterprises (SMEs).
The services will go live from May.
“Today’s partnership further demonstrates our commitment to small and early stage businesses that form the backbone of the UK economy and its future growth,” KPMG UK chair, Simon Collins, said.
“Xero is an impressing software platform, supporting delivery of our services to this segment where technology is increasingly transforming the way we do business.”
According to Xero's UK managing director, Gary Turner, the agreement with KPMG supports the software vendor’s perspective that Cloud accounting is “fast becoming the default platform for both accounting firms and small businesses.”
Xero has also signed an integration agreement with Californian merchant services aggregator, Square, Inc.
The software vendor claims the agreement will allow customers to link Xero and Square accounts, allowing transaction data to automatically move from point of sale to back-office accounting.
Integration between the two services is now available to US-based small businesses.