Xero Accounting Review 2024: Pricing, Features, Alternatives
For instance, you can drag and drop certain expense categories into a single subgroup — an “office expenses” subgroup could include office equipment, supplies and utilities. And if you don’t like how the dashboard looks, you can reorganize panels and hide the ones that aren’t useful. Plans are affordable, starting at $13 per month, but no free plan. Give your team access to Xero’s software and invite your advisor to collaborate. 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. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.
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- However, we are disappointed that Xero lacks tax support, doesn’t have more advanced inventory (unless you purchase the Inventory Plus add-on), and doesn’t have more invoice templates.
- Xero may be harder to learn than a simpler invoicing platform like Square Invoices or Zoho Invoice.
- The other appeal of the software was that each plan came with unlimited users, access to every Xero feature, and payroll.
- Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies.
- All pricing plans cover the accounting essentials, with room to grow.
Xero has a reputation for some of the strongest cloud security out there. Security measures include data encryption, two-step authentication, and 24/7 monitoring at multiple locations. Data is backed up daily across various servers, and regular security audits are performed. Xero has never offered phone support and has relied on email support. It may take a day or two to get a response to your email, but there are plenty of other forms of support available.
If you’re still on the fence, check out our picks for the best small business accounting software to compare your options. With your accounting software and data stored in the cloud, you can access your up-to-date accounts anywhere there’s an internet connection. You can receive automated bank feeds into your accounting software and connect to other business apps for greater efficiency. You can also collaborate with other people, like accountants and bookkeepers, by giving them access to view and share your figures. Xero regularly backs direct mail fundraising best practices up your data and protects it with multiple layers of security.
A representative typically responds to a case within a few hours. deductible expenses definition 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. Here is a list of our partners and here’s how we make money. We also have online articles, videos and training available. The Xero Accounting app is included as part of your Xero subscription and free to download. Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings.
Features that automate your admin
On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. Business owners, freelancers and entrepreneurs often spend a large chunk of time on administration and accounting. 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 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.
Accounting online with Xero will protect your data through multiple layers of security, such as encryption. Get to know your finances with accurate, daily figures when you’re accounting online with Xero. 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. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
See how the app complements the way you work
We’ve compared Xero with its competitors to help your search. Check out the Xero App Store to find, demo, and buy business apps that connect to Xero. Apps like Stripe, GoCardless, Vend, and Shopify connect seamlessly and sync your data with Xero to make it easier to run your business. Keep your practice one step ahead with Xero accounting software. Xero integrates with Gusto for payroll, which supports all 50 states and has added functionality such as health insurance and retirement support. Xero used to offer strong customer support, and while there are still a ton of great why changing the corporate tax rate doesn’t help you support resources available, getting in touch with an actual representative is a lot more difficult.
Easy to use
Review and match bank transactions over your morning coffee or in any free moment using the accounting app so your bookkeeping is always up to date. FreshBooks offers unlimited time-tracking in its lowest-tier Lite plan, whereas Xero users would have to opt into the highest-tier Established plan for that feature. Xero doesn’t provide a phone number on its customer support page, but a representative will call you if necessary. This is a serious drawback if you want to be able to pick up the phone and talk through an issue or are new to accounting software and have lots of questions. 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.
If using multiple currencies is a priority to you, consider other platforms that offer this capability at a lower cost. Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies. There is limited tax support, limited invoice templates, no built-in payroll, and a steep learning curve. Multiple pricing increases over the years have driven up the cost of the software, and customer support isn’t the best.
Plus, Xero supports unlimited users at no additional cost — a rarity in the accounting software world. While Xero has a lot going for it, pricing increases, a lack of built-in payroll, and limited features on its least expensive plans are potential issues. Additionally, customer support has gone downhill since our last review. Still, despite the price ruling out the software for some small businesses, Xero has a lot to offer for medium and large businesses or those in need of multiple users. Run your business from anywhere with Xero’s easy accounting app. Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow and bills to pay.