You can also reconcile bank accounts and convert quotes to invoices. The mobile app is free with every subscription, and is compatible with iOS and Android. While Xero has a lot going for it, pricing increases, a lack of built-in payroll, and limited features on its least expensive plans are potential issues.
Time Tracking
Explore Xero accounting software and its tools for small businesses, accountants, and bookkeepers. While the software is well-organized, it does have a steep learning curve (not as operating activities definition steep as QuickBooks, but it is more difficult to learn than other cloud-based options). It takes quite a while to explore all of the features it has to offer, but once you get acquainted with the software, Xero is fairly easy to use. Getting started is the most difficult part, and it’s this learning curve that lowered our ease of use rating to 3.8/5.
Given that there are several invoicing software on the market, it’s worth putting in some time to research your options before choosing one for your business. We’ve compared Xero with its competitors to help your search. We also have online articles, videos and training available. Get to know your finances with accurate, daily figures when you’re accounting online with Xero. Sync Xero with software you already love or easily find and try new apps designed to save your business time and money at the Xero App Store. Keep your practice one step ahead with Xero accounting software.
Additionally, customer support has gone downhill since our last review. Still, knowing your debits from your credits despite the price ruling out the software for some small businesses, Xero has a lot to offer for medium and large businesses or those in need of multiple users. We also ensure that the software offers most standard accounting features and reports, awarding higher rankings to those that provide advanced services, like tax filing. With an overall score of 4/5 in this review, Xero is a good solution for mid-to-large-sized businesses in need of strong accounting features and multiple users.
Xero Review 2024: Features, Pricing & More
Use Xero accounting software to hop online with your employees, bookkeeper, or accountant – even if you’re on opposite sides of the world. Xero’s bank feed securely imports your transactions into the Xero accounting software each business day. Simplify your finances and get more done with Xero online accounting software. Access Xero features for 30 days, then decide which plan best suits your business. Xero tries to throw what are the rules for debits and credits in accounting you as many bones as possible by adding a video or help article to the top of every page you open. If you need some extra assistance in finding features or understanding the software, Xero also offers a help center.
Customize Xero with the Xero App Store
- Xero does not provide accounting, tax, business or legal advice.
- Data is backed up daily across various servers, and regular security audits are performed.
- For free invoicing platforms, consider Zoho Invoice, Square Invoices or PayPal Invoicing, although these platforms provide fewer capabilities.
- This can be added to a Growing or Established plan for $39/month.
- Keep your practice one step ahead with Xero accounting software.
After a 30-day trial period, Xero will bill a monthly charge of $13 per month for the Early plan, $37 per month for the Growing plan and $70 per month for the Established plan. For free invoicing platforms, consider Zoho Invoice, Square Invoices or PayPal Invoicing, although these platforms provide fewer capabilities. Easily create and send invoices and automate invoice reminders for a quicker, hassle free payment.
Xero includes extensive features that make it suitable to handle complex accounting processes for small- and medium-sized businesses as well as larger ones. The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more. Each month, Xero sends you a link to your subscription invoice with easy ways to pay for your accounting software. You can pay it using Visa or Mastercard debit or credit cards, or by direct debit. The payment date depends on when you signed up to a pricing plan.
On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. Xero’s invoicing capabilities allow you to create and customize an invoice for clients and then accept credit card, debit card or bank transfer payments within the invoice itself. Xero processes payment through a payment gateway like Stripe, GoCardless and others.