For example, if you have an entry for an invoice of $1,000 and a recent $1,000 deposit in your bank account, it might suggest matching these two transactions. Click the «OK» icon between the two to verify the match is correct. Use Xero accounting software to hop online with your employees, bookkeeper, or accountant – even if you’re on opposite sides of the world.
Protect your business data
We encourage you to research and compare multiple accounting software products before choosing one. NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software. Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $70 per month.
Plans to suit your business
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. The Early subscription is tailored for solopreneurs and business owners who are just getting started. 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.
Get free software
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. Xero may be harder to learn than a simpler invoicing platform like Square Invoices or Zoho Invoice. However, it’s generally considered easier than QuickBooks Online. Xero’s accounting software is highly rated among small businesses. Read our 2024 Xero review to find out if it’s the right solution for your business.
- 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.
- All new partners can use Xero and Xero HQ for free, with more added at higher status levels.
- We compared the two options in terms of their key features, pricing and customer service to help you decide which is right for your business.
- Xero processes payment through a payment gateway like Stripe, GoCardless and others.
Spend less time in the books
Xero accounting and bookkeeping partners can also offer basic plans to clients who just need the essentials. We’re upfront about pricing, and provide full details of our pricing plans and optional extras. Where a feature is listed as an add on (like Xero Payroll, Xero Projects, Xero Expenses and Analytics Plus), its pricing depends on the number of users who use the add on each month. With your accounting software and data stored in the cloud, you can access your up-to-date accounts anywhere there’s an internet connection. You can receive automated bank feeds into your accounting software and connect to other business automatic data processing apps for greater efficiency.
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. You can use all Xero’s features, like invoicing, accepting payments and reporting, and add-ons like Xero Projects and Xero Expenses. Use the demo company to explore Xero’s features, or enter your own business details and data to try it out for real. Xero retains everything you’ve entered when you transfer from a free trial to a subscription. Access client and practice management software that will transform the way you work.
Request, store and manage accounting working papers and workflows; plus receive and respond to queries. See the big picture faster with all your tools in one place and your client data in a single database. Instead, customers can visit the Xero Central support site or raise a case online. A representative typically responds to a case within a few hours. Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings.