The Early subscription is tailored for solopreneurs and business owners who are just getting started. You’re able to send 20 quotes and invoices per month, enter five bills, reconcile bank transactions, capture bills and receipts with Hubdoc and view a short-term cash flow and business snapshot. Xero helps transform the data you enter into actionable information at every subscription level. A dashboard provides a summary of your business’s financial health, including total cash in and out, outstanding invoices and overdue bills. Another page dedicated to short-term cash flow charts out how future bills and invoices can affect your bank balance over the next week or month.

• The Growing plan costs $37 per month and includes unlimited numbers of invoices and bills.
• You will receive an email message with instructions on how to reset your password.
• All reimbursement claims can be easily approved from your end, thus making the process faster.

Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings. For instance, you can drag and drop certain expense categories into a single subgroup — an “office expenses” subgroup could include office equipment, supplies and utilities. And if you don’t like how the dashboard looks, you can reorganize panels and hide the ones that aren’t useful. Includes tools that help automate the reconciliation process, along with a global search function; has a simple layout and a customizable dashboard.

Services

It performs bookkeeping functions like invoicing and payroll and allows you to connect the program to a live bank feed. Because it is a cloud-based accounting software product, it lets small-business owners manage their finances from anywhere and integrate with more than 1,000 apps. Xero has a  robust list of accounting features that collaborate easily, automate manual tasks & access client records any time with tools to manage your practice. One of Xero’s main distinguishing features is the fact that it offers unlimited users even on the lowest tier plan. If you’re part of a small business where multiple people need to access the accounting software, Xero will let your team have multiple users without forcing you to upgrade to a more expensive plan to get more seats.

• Moreover, you can set rules to categorize every transaction and match them with each receipt, bill, or invoice.
• This can be helpful if your company is growing fast, or you simply want the reassurance that there’s no limit to how many people can be part of the team.
• The Growing plan is best suited for growing businesses, grants the same capabilities in addition to the ability to send unlimited quotes and invoices, enter unlimited bills, and reconcile transactions in bulk.
• While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe.

We encourage you to research and compare multiple accounting software products before choosing one. With Xero, you can add an unlimited number of users to your account at each subscription level. This is a notable feature for accounting software; often, lower-tier plans allow fewer users while only higher-tier plans allow unlimited users.

Get 50% off all plans to suit your business*

When it comes to Xero accounting software pricing, it is hard to imagine that cost is an issue but there may be features you’re looking for that are available in the Xero alternatives below. We’ve got you covered so you can see how much Xero costs and decide which plan is best for your needs. We’ve also provided Xero alternatives if none of the Xero accounting plans fit your requirements. All pricing plans are in GBP excluding VAT and cover the accounting essentials, with room to grow. Hubdoc is included in Xero Starter, Standard and Premium plans as long as it’s connected to your Xero subscription.

Find out if Xero is the right accounting software for your business in 2023. Read our detailed review of Xero and its features, pricing, pros and cons. Payments are due by the end of your monthly billing period based on the date you purchased your subscription. For example, you can give all employees the ability to send quotes and invoices, allow some to enter expenses and limit who can see the company’s complete financial picture.

Payroll-only plan

Has robust reporting tools and report customization options, basic inventory tracking in all plans and a capable mobile app; Early plan limits the number of invoices and bills. Access all Xero features for 30 days, then decide which plan best suits your business. †Invoice limits for the Early plan apply to both approving and sending invoices.

Other features include reconciling bank transactions and capturing bills and receipts with Hubdoc. These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. Less scalable products are typically simpler, but diminished functionality can cause headaches down the road for growing businesses.

Xero alternatives

Find out more about Xero’s commitments to data protection and data security. Float App is one of the most well-known cash flow forecasting and tracking tools on the market. Along with the basics, such as accounting integrations nonprofit needs assessment and customer support, you get the ability to conduct forecasts and scenarios. Your forecasts will give you a visual for how your company will perform in the future, and it’s not just conjuring those numbers out of thin air.

Company

Your use of the Xero services is subject to the Xero Terms of Use and your use of the Hubdoc services is subject to the Hubdoc Terms of Use. Hubdoc is included in Xero Starter, Standard, Premium and Ultimate plans as long as it’s connected to your Xero subscription. All pricing plans cover the accounting essentials, with room to grow. Managing your finances is one of the most time-consuming and arduous parts of operating a business. Regardless of the size, businesses deal with the same challenges in accounting finances. But one of the major differences between SMEs and large corporations is that the latter have the capability to invest in sophisticated accounting software solutions.

It’s difficult and confusing for someone with no accounting background to navigate the software. Very easy to create invoice templates and therefore invoicing clients. We have different revenue centers so it was useful to easily allocate each invoice product line to each centers.

Cost cuts are all well and good, but only when they hit the earnings line like a steam train, and provided that revenue growth also holds up as expected. Xero’s earnings for the six months to September 30 nearly doubled, operating profit was three-times higher than the same time last year, and free cash flow went through the roof – all good news. Think the pursuit of earnings won the tech sector’s big debate years ago? The tug-of-war between revenue growth at all costs and profitability is still very real. Xero costs start at $0 per month with a free plan and paid plans start at $22 per month and go up to $47+ per month.

Includes project tracking tools in most expensive plan; has transaction tracking tags; lacks industry-specific reports; users with multiple businesses must pay for separate subscriptions. All pricing plans are in ZAR including VAT and cover the accounting essentials, with room to grow. Wise Business offers great features for you to operate your business on your own terms.

If using multiple currencies is a priority to you, consider other platforms that offer this capability at a lower cost. Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies. 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. Account holders are able to customize online invoices to add a logo, accept payments instantly through the invoice, set automatic reminders for clients to pay and invoice directly from the Xero app. Xero processes payment through a payment gateway like Stripe, GoCardless and others.

Meanwhile, accounting statistics should inform you of the most relevant numbers pertaining to the industry, as well as the various ways industries approach their financial needs. The Standard plan is ideal for small businesses that have gone past the startup stage of establishing their business and are now in the process of scaling up. To review this software, we signed up for a free trial of the Xero Established plan. We also reviewed official product documentation, watched demo videos and consulted user reviews on third-party websites. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.