The deal will see Xero become BDO’s “preferred accounting solution” for its business, services and outsourcing clients in the small to medium business space.
Xero, which has 2.45 million subscribers globally, said that by combining its accounting software platform with BDO’s “expertise and insights”, businesses can access greater support and “information to build resilience and succeed”.
The firm said the ‘Xero Global Partner’ label is a new way the firm is recognising global partnerships and BDO is the first to receive this status. Initial participating BDO firms are to include BDO in the UK, Australia, New Zealand, and Canada – with a “global expansion anticipated over the course of the agreement”.
Albert Lopez, global head of business services and outsourcing at BDO, said: “BDO has long been focused on developing a consistent and truly global approach to supporting growing businesses. We are delighted that our partnership with Xero takes us one large step closer to that objective.
“We know that access to reliable data, and the insights that data can provide, is critical to our clients’ success in the new reality. Working with Xero will help BDO lead that agenda, adding real value to businesses by helping them both understand and apply their data, to build resilience and plan for future success.”