Take a look at Xero Online Accounting, a cloud-based Accounting software, developed in New Zealand, for small and medium-sized businesses. The key features of Xero Online Accounting include automatic bank and credit card account feeds, invoicing, accounts payable, expense claims, fixed asset depreciation, purchase orders, and standard business and management reporting. Xero can automatically import bank and credit card statements. It offers a free API that enables customers and 3rd-party software vendors to integrate external applications with Xero. Over 275 3rd-party software vendors have built Xero add-ons. Xero also supports multiple tax rates and currencies. It also incorporates a payroll feature for users in the Australian and United States markets. And users can access local teams in New Zealand, Australia, Europe and the United States.