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Xero to buy payments platform Melio for $2.5B

Accounting Today

and Australia, as well as the three "super jobs" of core accounting, accounts payable and receivable, and payroll. B2B payments platform that strongly aligns with our 3x3 strategy and U.S. By Chris Gaetano CloseText About Chris linkedin chris-gaetano-870989232/ June 25, 2025, 4:00 p.m. growth ambitions.

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The Best Tech for Accounting Firms: The 2024 Tax and Accounting Innovation Awards Announced!

CPA Practice

As in 2023, AI systems were again dominant among the winners of the 2024 Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. “ Audit software not incorporating artificial intelligence is now obsolete.

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Xero Partners With Square For Faster B2B Payments

PYMNTS

Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. Square also integrates with MYOB Essentials and the AccountRight accounting software. Xero launched in both Canada and the U.K.

B2B 83
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Accounting Firms MYOB, Xero Eye Invoice Finance Solutions

PYMNTS

Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees to small businesses in exchange for faster access to unpaid accounts. It’s attractive to lenders because the invoices act as collateral.

Finance 52
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More Tech Means More Money For Small Biz Accountants

PYMNTS

According to data published last September, SMB accountants agree that accounts software is now the most important innovation to their industry, and nearly two-thirds said they feel motivated to upgrade their own technologies and embrace automation to meet SMBs’ demands.

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Number Of Corporate Accounting Errors Unexpectedly Climbs

PYMNTS

Errors can be anything from a misapplication of accounting principles to an error in inputs in accounting software or an error in [Microsoft] Excel schedules,” said Michael Burke, partner at accounting firm UHY LLP, according to The Wall Street Journal. percent stake in CWGS Enterprises.

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HostBooks Enters The SMB Accounting Arena

PYMNTS

San Francisco-based HostBooks is stepping into the small business (SMB) accounting software industry, announcing Thursday (Jan. “Being a CPA, I am aware of all the issues holding down the accounting industry,” said HostBooks Founder Kapil Rana in a statement.