There’s a free-forever plan for small businesses, and paid plans start at just $29 per month. I really love how the reports don’t just show a static list of numbers—they can be directly interacted with and customized. You can customize the time frame for the report, choosing options like “This month,” “Last month,” “This quarter,” and more—or input a fully custom date range. Once you have the report to your liking, you can save it with a custom name for easy future use.

Time tracking

Manage relationships with suppliers, control stock levels, and create supplier invoices. A new plan, specifically for non VAT businesses, with features designed for sole traders and landlords. Yes, the Xero App Store has hundreds of apps to help manage your business, including apps specifically designed for your industry and for doing business wherever you are located.

Simplify tax time

Xero’s smart tools automate admin, track finances, and provide insights—helping you stay organized and grow your business. Discover this year’s updates designed to help you save time, featuring powerful new tools and features you might’ve missed. Xero announces enhancements for workpapers, analytics, payments, interface; ADP launches wave of new AI features; Deloitte opens AI Infrastructure Center of Excellence; and other accounting tech updates. Customer support is a strong point, offering 24/7 email assistance, a callback option, and a variety of helpful resources such as a detailed help center, active community, blog, and accounting glossary.

Pay and receive funds in over 160 currencies, with real-time exchange rate updates. Give your team access to Xero’s software and invite your advisor to collaborate. When I started to use Xero, its simple interface and easy-to-understand navigation caught my attention. I did not have to go through any training resources to learn how to use it.

What are the Benefits of Xero Accounting Software?

The Growing and Established plans are geared toward larger organizations, with unlimited invoices and bills, plus extra add-ons like Inventory Plus and Analytics Plus. Xero’s inventory and invoice software generates customized financial reports, including sales reports, inventory summaries, and cash flow statements. These include data visualizations to give you a clear view of your business performance.

One platform for everything

Built-in compliance features handle tax calculations and reporting requirements automatically. Xero maintains audit-ready financial records, calculates sales tax, xero software and generates required reports. This automation reduces compliance risks while ensuring businesses meet their regulatory obligations without extensive manual oversight. The analytics platform surfaces real-time financial insights through customizable dashboards and detailed reporting tools.

These apps integrate deeply with Xero, meaning data flows between them. You can then sell across, say, your online store, physical shop, and through wholesale – with Xero acting as a single, centralized system for all your data. Xero automatically updates your inventory levels when you create an invoice or record a sale. Good inventory and billing software puts you in control.Instead of guesswork, Xero shows you the right information to grow your business. Manage employee payments, calculate deductions, and ensure compliance—all within one platform.

Xero provides multiple layers of protection for the personal and financial information you entrust to Xero accounting software. Security is a priority for Xero, as we know it is for you, so it’s also important you also take steps to safeguard your data. Xero offers three pricing tiers designed to accommodate different business needs and sizes. The Early plan, tailored for small businesses, is available at $1 USD per month (regularly $20), offering a 6-month savings of $114.

How Xero’s accounting software works for you

• 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.
• Access Xero features for 30 days, then decide which plan best suits your business.
• Xero has all sorts of resources on business and finance topics to help, all written in plain English for when you want clear, simple answers.
• This can be helpful if your company is growing fast, or you simply want the reassurance that there’s no limit to how many people can be part of the team.

Feature access and limitations vary by plan, allowing businesses to select the most cost-effective option for their specific requirements. Xero automatically calculates sales tax on your company’s transactions and prepares sales tax returns on the company’s behalf using sales tax reports. I like that you can set up as many sales taxes as you want, and the software will record them automatically. I found Xero’s reporting and analytics features to be both comprehensive and easy to navigate. Xero provides strong security for your data, though I feel it falls short in 1 key area.

• The software is especially popular among businesses operating internationally due to its multi-currency support and global banking integrations.
• When you click “Add Account” from the chart of accounts page, Xero simply opens a customization pop-up window right in the current page—no waiting or loading.
• Automated bank reconciliation matches transactions with accounting records in real time through direct bank feed integration.
• Yes, Xero has the ability to manage multiple properties by setting up each property as a different tracking option.
• First, open a dedicated business account for all your incoming and outgoing payments.
• To accept payments from clients, Xero allows you to connect to payment services without any monthly subscription.

It lets you access bills online from anywhere and pay them on time. I am impressed by its batch bill payment and bill scheduling features. These will definitely save time and spare you from performing repetitive tasks.

With Xero, you can manage cash flow, send invoices, and handle taxes from anywhere—making it easier to stay on top of your business accounting. Small and medium enterprises across various industries rely on Xero, including retail, professional services, consulting, technology, and manufacturing sectors. The software is especially popular among businesses operating internationally due to its multi-currency support and global banking integrations. Automated bank reconciliation matches transactions with accounting records in real time through direct bank feed integration. Xero learns from previous entries to categorize transactions automatically and flags potential discrepancies for review. This automation reduces manual data entry, minimizes errors, and ensures accurate, up-to-date financial records.