Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies. 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. Xero’s online accounting software is designed to make life easier for small businesses – anywhere, any time.

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. 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. We encourage you to research and compare multiple accounting software products before choosing one.

Xero Accounting

The opportunity ahead is significant and we remain focused on our vision, to be the world’s most insightful and trusted small business platform. All three plans come with an optional add-on for payroll with Gusto for $40 per month plus $6 per month per person. 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.

• The results highlight our continued strong revenue growth, which contributed to Xero’s emerging profitability.
• Apps like Stripe, GoCardless, Vend, and Shopify connect seamlessly and sync data with Xero.
• This influences which products we write about and where and how the product appears on a page.

Easy to use accounting software, designed for your small business. Stay on top of your business’s cash flow and see all bills that are due for payment. Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more. 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’s accounting software is highly rated among small businesses. Read our 2023 Xero review to find out if it’s the right solution for your business.

Is Xero hard to learn?

If you’re looking for an accountant who specializes in Xero, you can search for an accounting advisor through their website by location and industry. Give your team access to Xero’s software and invite your advisor to collaborate. Plans are affordable, starting at $13 per month, but no free plan. Use Xero to work with your employees, bookkeeper, or accountant online, even if you’re on opposite sides of the world.

See more of what Xero can do

Our partners cannot pay us to guarantee favorable reviews of their products or services. Invite your advisor to work with you on the online accounts anywhere, anytime. The results highlight our continued strong revenue growth, which contributed to Xero’s emerging profitability. Today we announced Xero’s half year financial and operating results to 30 September 2023 (H1 FY24). Improve efficiency by setting up repeating bills for as long as you need.

Start using Xero for free

You can add Gusto payroll to any plan for an extra $40 per month, plus $6 per month per person. Set up bank feeds from your accounts so transactions are imported securely into the Xero accounting software each business day. Access all Xero features for 30 days, then decide which plan best suits your business. SYDNEY—Xero swung to best practice to hire or outsource for nonprofit accounting a first-half profit and maintained its full-year expense target after the cloud-accounting software provider lifted revenue by 21%. Xero provides a product customers love and value, as shown by our continued revenue growth and improving profitability. We are committed to evolving our business to deliver on our global aspirations.

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. We believe everyone should be able to make financial decisions with confidence. Make Xero your own by connecting other apps to the Xero accounting software. Easily sync your bank with your financials in Xero online accounting. Payments are due by the end of your monthly billing period based on the date you purchased your subscription. Find guides to help you understand online accounting and ultimately do better business.

Save time on admin by scheduling upcoming payments and batch pay suppliers. FreshBooks charges $17 per month and QuickBooks charges $30 per month). However, the best option and price point will depend on the specific capabilities and features you are looking for.

NerdWallet’s accounting software ratings favor products that are easy to use, have a robust feature set and can grow with your business. Ratings are based on weighted averages of scores in several categories, including scope of features and integrations, customer support and cost, among others. Learn more about how we rate small-business accounting software.

This, along with disciplined cost management and restructuring outcomes, supported a 90% increase in EBITDA compared to H1 FY23, to $206.1 million. This focus was also reflected in our net profit, which increased to $54.1 million compared to a net loss of $16.1 million in H1 FY23. See individual bills, credit notes and overpayments owed with the aged payables detail report and see how long bills have gone unpaid.

Suited for small- and medium-sized businesses (SMBs), Xero is an affordable cloud-based accounting software system that streamlines these processes with plans starting at $13 per month. 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. Check out the Xero App Store to find, try and buy business apps that connect to Xero online accounting software and make running your small business even easier.

Xero is a great option for large teams and small- to medium-sized businesses that need high-level accounting systems. It’s also a good fit if you want to integrate Gusto Payroll to your accounting platform. 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. If using multiple currencies is a priority to you, consider other platforms that offer this capability at a lower cost.