Xero

About Xero

Xero is an award-winning online accounting software for small scale businesses. Xero offers a variety of features to make your business function smoothly and efficiently. The software handles all the accounting transactions effectively. It permits unlimited users to get online at a time and work in collaboration over data which is accessible through a single ledger. Xero also provides Bank Reconciliation services by importing the various transactions from your bank accounts and matching them with your cash-book. Business finances and cash-flow statements are updated on a real-time basis, helping you to keep a track of all your expenses and transactions.

Screenshots & Videos

Pricing

Free Trial Available
Starts at $2.9.
View Detailed Pricing

SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%
Reviews

99%
Momentum

67%
Popularity

97%

Platforms Supported

Browser Based (Cloud)
Mobile App (Android, iOS)

Organization Types Supported

Medium Business
Small Business
Freelancers

API Support

Available

Modes of Support

24/7 (Live rep), Online

Xero Awards

# 2 Most Worthy Software Accounting Software
Q2 2021

# 6 Fastest Growing Software Accounting Software
Q2 2021

# 2 Most Popular Software Accounting Software
Q2 2021

# 5 Highly Rated Accounting Software
Q2 2021

# 2 Most Worthy Accounting Software
Q4 2019

# 2 Most Popular Accounting Software
Q4 2019

# 2 Most Searched Accounting Software
Q4 2019

Xero Features

Show Feature Explanation

Accounting Features

Features: The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%

Budget Forecasting

Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow.

Tax Management

Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

Spend Management

Managing the expenditure of a business in order to build its product or services

Revenue Recognition

Determining the specific conditions under which revenue is recognized or accounted for

Purchasing

Acquiring goods or services required for the business at minimal cost

Project Accounting

Creation of financial reports specifically designed to track the financial progress of projects

Payroll

Handling the salary payable to the employees

Multi-Currency

Enables payment and collection in multiple currencies.

General Ledger

Maintaining and recording all the accounting related transactions.

Fixed Asset Management

Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

Expense Tracking

Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process.

CPA Firms

Offers collaboration with a professional expert for financial and consulting services.

Collections

Recovery of cash from a business or individual.

Cash Management

Collection and management of cash.

Billing and Invoicing

This feature helps in issuing and handling the invoice and bills.

Bank Reconciliation

Matching the balances of an entity's accounting records with the corresponding information on a bank statement.

Accounts Receivable

Handling the money the client owes to the company.

Accounts Payable

Handling the money owed by a business to its suppliers.

Xero Pricing

Free Trial

Available

No Credit Card Required, Get Started for Free

Pricing Options

Premium Plans ( Subscription )

Pricing Plans

Starter $2.90 $2.90 per month

Features

Send Quotes and 20 Invoices
Enter 5 Bills
Reconcile Bank Transactions
Capture Bills and Receipts with Hubdoc
Short-term Cash Flow and Business Snapshot
Claim Expenses - From $4 Per Month (Optional)
Track Projects - From $7 Per Month (Optional)
Analytics Plus (Optional)

Standard $4.60 $4.60 per month

Features

Send Invoices and Quotes
Enter Bills
Reconcile Bank Transactions
Capture Bills and Receipts with Hubdoc
Short-term Cash Flow and Business Snapshot
Bulk Reconcile Transactions
Claim Expenses - From $4 Per Month (Optional)
Track Projects - From $7 Per Month (Optional)
Analytics Plus (Optional)

Premium $6.90 $6.90 per month

Features

Send Invoices and Quotes
Enter Bills
Reconcile Bank Transactions
Capture Bills and Receipts with Hubdoc
Short-term Cash Flow and Business Snapshot
Bulk Reconcile Transactions
Use Multiple Currencies
Claim Expenses - From $4 Per Month (Optional)
Track Projects - From $7 Per Month (Optional)
Analytics Plus (Optional)

Screenshots of Vendor Pricing Page

Disclaimer: The pricing details were last updated on 21/01/2025 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

Learn more about Xero Pricing

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Xero Reviews

User Rating

4.2/5 (Based on 7,623 Ratings)

Rating Distribution

Excellent
66.1%
Very Good
14%
Average
4.4%
Poor
3.5%
Terrible
12%

User Sentiments

User Friendly Interface, Extensive Integrations, Automated Bank Feeds, Comprehensive Reporting

Unreliable Bank Feeds, Slow Support Response Times, Limited User Permissions, Lack of Phone Support

Do You Use Xero?

Write a Review

Review Summary

User reviews of Xero are mixed. While many praise its ease of use, seamless integration with other platforms, and robust features for small businesses, they often express frustration with unreliable bank feeds, slow customer support response times, and lack of essential functionalities. Some users find the new invoicing system cumbersome, while others appreciate the help provided by Xero's support team, especially when it comes to technical issues. Overall, Xero is a powerful accounting software for small businesses but has drawbacks in its customer support and recent feature updates.

Pros

Excellent customer support with prompt responses and helpful advice.
Easy to use and intuitive interface, even for nonaccountants.
Seamless integration with other business tools and banking accounts.

Cons

Unreliable bank feeds can be frustrating and timeconsuming to fix.
Limited reporting functionality, and custom reports are difficult to create.
Customer service can be slow to respond, and sometimes lacks understanding of user needs.

Xero Reviews

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Xero FAQs

Is Xero worth it for small business?

Yes, Xero is popular for ease of use, cloud access, and integrations.

Why is Xero so expensive?

Xero’s pricing reflects its comprehensive features and cloud infrastructure.

Is Xero cheaper than QuickBooks?

Xero starts at $20/month with unlimited users.
QuickBooks Online (QBO) starts at $38/month (Simple Start for 1 user), then $65/m (Essentials), $99/m (Plus), $235/m (Advanced)

Xero can be cheaper depending on plan and user needs but QuickBooks offers more pricing tiers.

Why do accountants prefer Xero?

Accountants often prefer Xero for real-time collaboration, bank feeds, and reporting. Unlimited user access and automated bank reconciliation are stand-out features for Xero.

What is Xero used for?

Xero is Accounting Software. Xero offers the following functionalities: