However, the best option and price point will depend on the specific capabilities and features you are looking for. By providing feedback on how we can improve, you can earn gift cards and get early access to new features. 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. Still, Xero’s feature set is strong, leading to our rating of 4.1/5.
That includes the chart of accounts, invoices, bills, contacts and fixed assets. For a smooth transition and best results, we recommend working with an accountant or bookkeeper, preferably one with Xero experience, when you make the move to Xero cloud accounting software. 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. All three of these offer the ability to scale their accounting for larger businesses and both Xero and QuickBooks offer specific training for accountants. These companies offer Gusto integration for the same price—$40 per month and $6 per month per person.
See how Xero works for your business
- With online invoice payments through Stripe and GoCardless, you can accept payments by card or direct debit.
- Xero accounting and bookkeeping partners can also offer basic plans to clients who just need the essentials.
- 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.
- 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.
- Sync Xero with software you already love or easily find and try new apps designed to save your business time and money at the Xero App Store.
- Xero retains everything you’ve entered when you transfer from a free trial to a subscription.
If you’ve got a business that’s going places, needs dynamic accounting capacity and the ability to add in multiple users then the newest version of Xero requires further investigation. While Xero’s plans start at a cheaper price, QuickBooks offers more features across its plans. Then again, QuickBooks requires user limits for each plan while Xero doesn’t. We compared the two options in terms of their key features, pricing and customer service to help you decide which is right for your business. Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $70 per month. If using multiple currencies is a priority to you, consider other platforms that offer this capability at a lower cost.
Project Management
Use the demo company to explore Xero’s features, or enter your own business details and data to try it out for real. Xero retains everything you’ve entered when you transfer from a free trial to a subscription. Xero often gets praised for its robust feature selection by its customers, and we have to agree. Overall, Xero has a set of features that easily rival competitors like QuickBooks Online.
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. You’ll find that Xero is similarly sprightly if you choose to use its app-based editions, which are available for both iOS and Android devices. In fact, the Xero experience on a tablet or smartphone seems to be generally good, especially considering its depth of data entry points. Easily create and send invoices and automate invoice reminders for a quicker, hassle free payment.
Xero VS FreshBooks
You can also what is the difference between revenues and earnings reconcile bank accounts and convert quotes to invoices. The mobile app is free with every subscription, and is compatible with iOS and Android. Xero includes extensive features that make it suitable to handle complex accounting processes for small- and medium-sized businesses as well as larger ones.
Is Xero Right for You or Your Business?
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. When rating accounting and invoicing software, we use a 47-point rubric that looks at pricing, ease of use, features, customer service, and user reviews. We weigh each section differently to calculate the total star rating. The other appeal of the software was that each plan came with unlimited users, access to every Xero feature, and payroll.
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. Despite a few shortcomings, we rated Xero 4.7/5 for its customer support. If you use the Established plan, you can track billable time to add to projects.