Xero Review and Pricing Plans in 2024

One limitation is that if you use a custom payment URL, you will need to manually apply the payment to the invoice once you receive it. Xero is compatible the gross profit with over 1,000 apps and has its own app store. Users can access connected apps or add new ones by clicking on the app launcher icon.

Pricing and features

Xero’s features and consumer reviews align closely with competitors. To get started using Xero, you can sign up for its 30-day free trial by providing your name, email address, phone number, and location. changes to accounting for employee share Xero uses double-entry accounting, but it’s mostly done behind the scenes. The quote form includes multiple fields, enabling you to provide a thorough description of everything your estimate entails.

What is better: QuickBooks or Xero?

Its intuitive design makes it easy for businesses to link their bank accounts and start sending invoices and paying bills in no time. FreshBooks can be a good option for freelancers and contractors looking for an affordable, simple accounting software. There’s time tracking in all plans and phone support is available from 8 a.m. The first two plan tiers put a limit on billable clients, but not on invoices. With a free plan and paid plans starting at $20 per month, Zoho Books has plans for most budgets.

Xero Customer Service

The Xero Accounting app is an additional way for your small business to access key features of Xero. While not everything is available in the Xero accounting app, you can seamlessly work between your desktop or laptop and mobile device as you need to. The Xero Accounting mobile app works in tandem with the Xero accounting software so you can run your small business online from anywhere. Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow and bills to pay – plus reconcile bank accounts and convert quotes to invoices.

If you’re still on the fence, check out our picks for the best small business accounting software to compare your options. We appreciate that Xero includes time tracking in all its plans (see the screenshot below from our demo). This contrasts with gzero media many alternatives, such as QuickBooks, that offer time tracking only on more expensive plans or as an add-on. Users are required to download the free Xero Projects app, which they can use to record time and costs and create invoices and reports.

Payments are due by the end of your monthly billing period based on the date you purchased your subscription. Quote and invoice for jobs, track time and costs, and monitor project profitability and expenses using Xero. Invite your advisor to work with you on the online accounts anywhere, anytime. The competition is open to Xero’s small business customers in South Africa, Australia, Canada (excluding Quebec), New Zealand, Singapore, the United Kingdom, and the United States. Find guides and articles to help you do better business, and understand the often weird world of accounting.

If you only send out an invoice or two each month, the Early plan is an affordable option at $15 per month. Otherwise, you’ll have to bump up your subscription or consider QuickBooks Online plans. Unlimited users and advanced features make this cloud accounting software platform a good fit for many small businesses.

1. She’s a bankruptcy survivor, small business owner, and homeschool parent.
2. A fantastic trait of small businesses is that they can be very agile in adapting and responding to change.
3. The software is also updated automatically, so businesses always have the latest features and security patches.
4. Choose from more than 1000 apps including inventory, CRM and time tracking apps that seamlessly integrate with Xero.

Xero and QuickBooks Online have a lot of similarities, as both have strong features and numerous integrations. QuickBooks Online is limited to 25 users on its most expensive plan but is easier to use, offers tax support, and has stronger mobile apps. Many accounting software for small businesses offer a 30-day free trial; however, Xero’s plans are less expensive than many of its competitors, starting at just $15/month. Xero often offers promotional pricing, making its plans even cheaper for business owners who take advantage of its deals. Xero’s highly rated accounting app enables you to create and send invoices, monitor cash flow, and reconcile bank transactions directly from your phone. 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.

With the addition of Ultimate, we now have more plans to suit the needs of small businesses at each stage of their journey, offering more choice, flexibility and value in their plan. You can sync your Xero account to your Gmail and thereby export Xero reports or budgets to Google Sheets. To implement this, all you have to do is go to a report or budget that you’d like to export. Then, click the menu icon (the three little dots) to the right of that document.

Xero offers this through Hubdoc so you can access your documents online. QuickBooks offers receipt and document organization with its mobile app as well as the online version. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.

If you need help managing passive income, consider reaching out to a financial advisor. Easy to share information with your accountant and to find QuickBooks experts and online resources if needed. Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us to improve the way we help small businesses. Discover BusinessLoans.com’s lender network offering up to $3M in funding, no minimum credit score required.

Xero offers a strong selection of accounting features — including invoicing, bill pay, and analytics — that are in line with the competition. While competitors such as FreshBooks provide a discount for annual plans, Xero only offers a monthly option. Customers tend to give good reviews of Xero’s customer support. Xero gets a 4.3 out of 5 stars rating on software review site G2, and a 4.2 out of 5 stars on Trustpilot, a consumer review site for businesses, with many reviews praising its customer service.

Utilize the repeating invoice function by developing a template and Xero will automatically create an invoice or bill for you based on the frequency you specify. Xero will put it in the Draft tab if you need to vary the amount (or another field), and if everything is the same each time, it will go in the Awaiting Payment tab. This one of our Xero tips deals with a practical tool that many users miss when learning how to use Xero accounting software. Xero has an inbuilt calculator that allows you to perform basic math functions directly in certain fields. Using this calculator decreases the chance of an entry error, not to mention it saves you time looking for another calculator to use for simple arithmetic operations. It’s also useful if you need to do some quick calculations in the service of a more complicated accounting formula.