, ▁time , ▁and ▁in voice ▁management ▁solution ▁Work flow Max ▁for ▁c ash ▁and ▁shares ▁tot alling ▁spot ▁$ 6 ▁million ▁( N Z D ). ▁ ▁In ▁July ▁ 2 0 1 8 , ▁X ero ▁announced ▁a ▁strateg ic ▁al liance ▁with ▁US ▁pay roll ▁platform ▁Gust o . ▁ ▁In ▁August ▁ 2 0 1 8 , ▁X ero ▁acquired ▁Hub doc , ▁a ▁data ▁capture ▁solution . ▁X ero ▁paid ▁the ▁ac quisition ▁price ▁for ▁Hub doc ▁in ▁two ▁stages , ▁initially ▁US $ 6 0 ▁million ▁consisting ▁of ▁ 3 5 % ▁c ash ▁and ▁ 6 5 % ▁in ▁X ero ▁equ ity . ▁A ▁second ▁tr anche ▁of ▁US $ 1 0 ▁million ▁in ▁equ ity ▁was ▁promised ▁to ▁the ▁Hub doc ’ s ▁share hold ers ▁in ▁ 1 8 ▁months ▁following ▁the ▁ac quisition , ▁subject ▁to ▁oper ational ▁targets ▁and ▁conditions . ▁▁▁ ▁In ▁November ▁ 2 0 1 8 , ▁X ero ▁acquired ▁cloud - based ▁accounts ▁prepar ation ▁and ▁tax ▁fil ing ▁solution ▁Inst a file ▁for ▁£ 5 . 2 5 ▁million ▁( GB P ), ▁which ▁will ▁be ▁paid ▁over ▁three ▁years . ▁ ▁Product ▁ ▁X ero ▁account ing ▁software ▁uses ▁a ▁single ▁un ified ▁led ger , ▁which ▁allows ▁users ▁to ▁work ▁in ▁the ▁same ▁set ▁of ▁books ▁regardless ▁of ▁location ▁or ▁operating ▁system . ▁▁ ▁Its ▁key ▁features ▁include ▁automatic ▁bank ▁fe eds , ▁in vo icing , ▁accounts ▁pay able , ▁exp ense ▁claims