Absolutely. With QBO's quarterly growth grinding to a halt it's a great opportunity for Xero to do some headline grabbing and capitalize.
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Absolutely. With QBO's quarterly growth grinding to a halt it's a great opportunity for Xero to do some headline grabbing and capitalize.
XRO is not an SME.
They have given the guidance of 1,000 so new customers can consider whether Xero is appropriate or whether they need to go the next step up. If you business has increased to over 1,000, they have said it is a soft limit so unless that growth is exponential, then they wouldn't cut you off. I assume they would give you time to transition if they did say you have grown to fast.
1,000 lines is a lot. It is more like to effect those with lots of foreign currency where the bank also charges a fee on each, effectively doubling the number of transactions.
They also plan to expand this in future. They will probably use that change to move people onto a premium plan.
What are you talking about? Non-US subscribers are 80% up in one quarter!!!!
http://investors.intuit.com/files/do...ct%20Sheet.pdf
For the US, you have to compare Q1F14 with Q1F13 not Q4F13. If you do that, you see an acceleration in growth. And all that with the old QBO. New QBO will come into effect now.
A lot of? That's debatable; give us a % of how many small businesses in NZ need more than 1000 transaction. Wouldn't those businesses be classified as medium as opposed to small? Even so, if I went to Xero and said hey I have 1200-1500 transaction per month - can I not use your software? Do you really think they would say "Oh sorry... max 1000 transaction - why don't you try Intuit?"
Xero is for small businesses. Says so on their front page. Also if what you say is true Xero would have major issues with their clients concerning the 1000 transaction p/m - all of which would be commented on on their blog. From what I see on that blogpost. Out of the 185 comments there's about 7-10 regarding the 1000 transactions.
What does Xero use for Xero Casino? Intuit?
The 1000 transaction limit applies to all plans. For a lot of businesses 1000 transactions is more than enough, for many it won't be. If you anticipate strong growth for your small business and/or foresee the need for ERP wouldn't you be better off with Jcurve Netsuite?
Netsuite from what Ican tell
http://www.stuff.co.nz/business/8963...challenger-SAP
Netsuite is now a de facto competitor, which would make me nervous:
http://boxfreeit.com.au/2013/11/04/n...ess-australia/
Also, the number of transaction isn't a good indicator for how big a business is.
Very interesting links as per usual Mr Casino. Thank you.
What is the definition of a SME? I dont think there is an accepted one. I had a look (google) a while ago and found one NZ govt site used 5 or less staff to define SME. One Canadian site used a weird test such that billion dollar companies qualified as a SME but smaller business did not.
Xero has defined it as one with less than 1,000 transactions. I also think with their Australian plans, they have an upper limit of staff which will also be an effective limit.
If you are bigger, use something else. Xero has never said they apply to everyone and the fact they use another product is evidence of this.