Xero Central provides users with access to articles, courses, community discussions, and more. 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. For businesses that have larger amounts of stock, do business via an eCommerce channel, or operate with negative inventory, Xero offers Inventory Plus –a full-service inventory management system. You can add unpaid bills and purchase orders to Xero via desktop or mobile app, making it simple for small businesses to keep track of what they owe.
Xero Vs. QuickBooks (2024 Comparison)
Make Xero your own by connecting other apps to the Xero accounting software. 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 may be harder to learn than a simpler invoicing platform like Square Invoices or Zoho Invoice. Given that there are several invoicing software on the market, it’s worth putting in some time to research your options before choosing one for your business.
Accounting app
Easy to use accounting software, designed for your small business. 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. Things start out at the Dashboard, which is just that; the area that lets you move into the other sections of the site and from which you can manage the overall way it ticks.
Xero Accounting Software Review: Is Xero Worth It for the Price?
To keep things organized, Xero logs every action users make and compiles the history of every transaction. Xero’s online accounting software is designed to make life easier for small businesses – anywhere, any time. Get access to all of Xero including add-ons like Xero Projects and Xero Expenses. Use the demo company to try things out, or enter your own business details and data to try it out for real.
Established plan
However, other accounting software such as QuickBooks Online and FreshBooks provide a phone number for customer support. The only way to contact Xero with questions is to sign up for a free trial or purchase a plan, and then submit queries online. When you sign up for the Growing or Established plans you can add on Inventory Plus — Xero’s full-service inventory management system — for an additional $39/month. With Inventory Plus businesses can fulfill up to 1,500 orders per month from multiple sales channels. All plans include invoicing, bill pay, data capture and storage, short-term cash flow tracking, tax form management, and auto sales tax.
She’s a bankruptcy survivor, small business owner, and homeschool parent. In addition to writing for The Motley Fool, she offers content strategy to financial technology startups, owns and manages bond in accounting a 350-writer content agency, and offers pro-bono financial counseling. Some of the links that appear on the website are from software companies from which CRM.org receives compensation.
During our software testing, we found that Xero is ideal for business owners without much accounting knowledge. Even with all its features, Xero keeps it simple with a user-friendly interface and visualization to help customers who are new to running a business (see the screenshot from our demo below). For these reasons and more, Xero is our pick for the best accounting software for growing businesses.
- Includes audit trails and easy accountant access; has millions of users so your accountant will likely be familiar with it.
- Businesses that are just getting started or sole proprietors can sign up for the Early plan starting at just $15/month, and then upgrade to its Growing or Established plans as they scale.
- Everything is done in the cloud, meaning you can edit invoices without the hassle of resending them to customers.
- Xero is also a very secure platform; security measures include data encryption, two-step authentication, and 24/7 monitoring at multiple locations.
- Growing businesses need data presented in an easily digestible manner so business owners can act on the insights.
Plans start at $15 per month for up to 20 invoices, five bills, bank account reconciliation, receipt capture and short-term cash flow snapshots. Its $78-per-month plan also includes multiple currencies, project tracking, in-depth analytics and equity definition employee expense claims. Xero accounting software is a cloud-based system that helps small businesses manage their finances. The software offers a variety of features, including invoicing, tracking expenses and creating financial reports.
In the years since 2006, the company has expanded across the world, with offices in the USA, the UK, Australia, Canada, Singapore, Hong Kong, and South Africa. Xero has huge investment behind it, and is used basically everywhere on the planet. Clearly, they have been doing a lot of things right and delivering a great product in this industry. It can help you have more financial knowledge of your how to get a business appraised business and manage your business from anywhere. Includes tools that help automate the reconciliation process, along with a global search function; has a simple layout and a customizable dashboard. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website.
While the obvious lack of live support might not always be the best part of the overall package there is much to like with this service. If you take time to learn Xero’s ropes you’ll find that it soon starts to reward you by producing a comprehensive and slick picture of your business and its innermost workings. To its credit Xero does have quite a lot of help and support options at your disposal. There are handy built-in options that can get you around any minor issues you might encounter during setup. This is most notably handy thanks to the question mark up in the right-hand corner of the interface, which delivers and express-lane dialog box for solving many common queries.
More than 750 app integrations, including live, in-house bookkeeping. Easy to share information with your accountant and to find QuickBooks experts and online resources if needed. If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support. We also considered our accounting expert’s opinion to derive our star rating for Xero. If you have a manufacturing concern, please email our Customer Service team at [email protected] and include a photo of the issue with your current shipping address.
You can email invoices directly from the software; Xero integrates with PayPal, Stripe, Square and other payment processors, so you can accept payments online. A bar at the top of the interface contains several drop-down menus that house Xero’s features. Like other major accounting packages, such as QuickBooks, Xero’s feature-packed interface can sometimes feel a bit overwhelming. However, compared to competitors we reviewed, Xero excels at presenting information in an easy-to-understand way.
To the right of your screen are less prominent but just as useful features, including Help, plus search and notification buttons. Work your way down through those root menus, however and you discover countless tools for tackling every aspect of your business. Being a cloud-based service Xero naturally works just as long as you are connected to the internet and use any one of the popular web browsers out there.
Wave Accounting is a free accounting solution for very small service-based businesses, contractors, freelancers and consultants. If you can’t justify paying for QuickBooks Online or Xero or they have too many features your business doesn’t need, Wave might be an ideal alternative. It has comparable invoicing features, but lacks an audit trail and doesn’t integrate with third-party apps. Unlike Xero, QuickBooks allows unlimited invoices on the cheapest Simple Start plan — but limits you to 1 billable user and 2 accountant firm users. If you need only 1 person to use the software but plan to send a high number of invoices and bills, QuickBooks may be a more cost-effective choice than Xero. In contrast to allowing unlimited users, Xero does limit you to one organization or business per subscription.