KEY POINTS:
Xero says its online accounting software is now available across the Tasman.
Australia is the third market Xero, which listed in June 2007, has entered in under 18 months, having launched its British version in March.
Xero chief executive Rod Drury said the company was comfortable with its product going head to head against major competitor MYOB.
The number of customers using Xero was growing quickly due to its innovative design for small businesses and integral relationships with banks, accountants and other organisations servicing the small business sector, he said.
Xero shares, which were issued at $1 each, last traded yesterday at 75c.
- NZPA
