Xero Limited provides an online accounting solution for the small and medium sized enterprises in New Zealand and the United Kingdom. The company?s Xero system offers various features, including Dashboard to provide real-time view of business; Banking for bank reconciliation; Contacts to manage the individuals and organizations; and Web-based access to accounts, as well as accrual accounting system, which automates day-to-day bookkeeping. Its system also enables users to create, send, receive, and report on invoices; view and manage payables; enter and manage personal expenditure; generate and view interactive reports in real-time; and create and publish reports. The company was formerly known as Xero Live Limited and changed its name to Xero Limited in April 2008. Xero Limited was founded in 2006 and is headquartered in Wellington, New Zealand.