Online Accounting Software Cloud Accounting
Xero has pricing plans to suit your business, no matter its size or stage. 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. The mobile app works with Xero accounting software to help you run your small business from anywhere.
Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy. †Invoice limits for the Early plan apply to both approving and sending invoices. Transactions initiated by app partners may automatically contribute to your invoice limit. 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.
Is Xero Right for You or Your Business?
Discover seamless app integrations for efficient accounting with Xero’s comprehensive how to depreciate property accounting software. Manage your finances, control cash flow and integrate with apps. You can enter data manually, import data, or use one of the services that can converts the data from your old accounting system to Xero. Sage 50 Accounting’s Cash Flow Manager tool is a helpful feature for people who want to better understand how future transactions could impact their business. The tool also lets you adjust the time frame to see how your business has changed over time. Use Gusto payroll to calculate pay and deductions, pay employees, simplify compliance, and update the Xero accounts.
Xero processes payment through a payment gateway like Stripe, GoCardless and others. Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor). 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.
In the Early plan, the least expensive subscription, you can send up to 20 invoices and schedule up to five bill payments only. That can be limiting, even for freelancers and sole proprietors. For unlimited invoicing and bill-paying capacity, you’ll need to upgrade to the Growing plan. 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. To keep things organized, Xero logs every action users make and compiles the history of every transaction. Includes project tracking tools in most expensive plan; has transaction are health insurance premiums tax tracking tags; lacks industry-specific reports; users with multiple businesses must pay for separate subscriptions.
The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more. All pricing plans cover the accounting essentials, with room to grow. 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 import data from another accounting system in bulk via CSV files once you’ve done the initial set up in Xero.
- With your accounting software and data stored in the cloud, you can access your up-to-date accounts anywhere there’s an internet connection.
- 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.
- 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.
- A representative typically responds to a case within a few hours.
Ways to pay the monthly subscription
Xero retains everything you’ve entered when you transfer from a free trial to a subscription. Xero is powerful online accounting software for US small businesses. Manage your cash flow, track expenses, accept payments online, and much more – all without leaving Xero. Xero, FreshBooks and QuickBooks all offer 30-day free trials and extensive features for online support, including a live chat, email support and a knowledge base.
Protect your business data
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. Xero’s bank feed securely imports your transactions into the Xero accounting software each business day. NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives.
Check out the Xero App Store to find, try and buy business apps that connect easily to Xero online accounting software. Choose the best how to create use a balance sheet for your business apps to make running your business even easier. Apps like Stripe, GoCardless, Shopify, and WorkflowMax connect seamlessly and sync data with Xero business accounting software. The Early subscription is tailored for solopreneurs and business owners who are just getting started.