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. Includes project tracking tools in most expensive plan; has transaction tracking tags; lacks industry-specific reports; users with multiple businesses must pay for separate subscriptions. Has robust reporting tools and report customization options, basic inventory tracking in all plans and a capable mobile app; Early plan limits the number of invoices and bills. Xero provides multiple layers of protection for the personal and financial information you entrust to Xero accounting software.
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. Where a feature is listed as an add on (like Xero Payroll, Xero Projects, Xero Expenses and Analytics Plus), its pricing depends on the number of users who use the add on each month. The mobile app works with Xero accounting software to help you run your small business from anywhere. Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow, and bills to pay.
Accounting software for your US small business
- For free invoicing platforms, consider Zoho Invoice, Square Invoices or PayPal Invoicing, although these platforms provide fewer capabilities.
- Xero doesn’t provide a phone number on its customer support page, but a representative will call you if necessary.
- Easily create and send invoices and automate invoice reminders for a quicker, hassle free payment.
- 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.
- All three plans come with an optional add-on for payroll with Gusto for $40 per month plus $6 per month per person.
For example, if you have an entry for an invoice of $1,000 and a recent $1,000 deposit in your bank account, it might suggest matching these two transactions. Click the « OK » icon between the two to verify the match is correct. We believe everyone should be able to make financial decisions with confidence. Easily create and send invoices and automate invoice reminders for a quicker, hassle free payment. Check out the Xero App Store to find, demo, and buy business apps that connect to Xero.
Work with your own or demo data
Access Xero features for 30 days, then decide which plan suits your business best. You’ll receive your invoice at the end why is profit a liability and losses are an asset of your monthly billing period. 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.
Automated features to save you time
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. Get an overview of Xero plans and pricing to help choose the right product for you. See guides to help transaction analysis and accounting equation what is transaction analysis video and lesson transcript you do better business, and understand the often overwhelming world of accounting.
Xero is a great option for large teams and small- to medium-sized businesses that need high-level accounting systems. It’s also a good fit if you want to integrate Gusto Payroll to your accounting platform. Xero includes extensive features that make it suitable to handle complex accounting processes for small- and medium-sized businesses as well as larger ones. The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more. All pricing plans cover the accounting essentials, with room to grow. With Xero, you can add an unlimited number of users to your account at each subscription level.
Apps like Stripe, GoCardless, Vend, and Shopify connect seamlessly and sync your data with Xero to make it easier to run your business. You can still how to reconcile a bank statement in 5 easy steps try all Xero features and add-ons in the demo company before using them in your business or adding them to your subscription. The demo company in Xero lets you try out Xero’s features without setting up your own organization or entering your own data.
Xero helps transform the data you enter into actionable information at every subscription level. A dashboard provides a summary of your business’s financial health, including total cash in and out, outstanding invoices and overdue bills. Another page dedicated to short-term cash flow charts out how future bills and invoices can affect your bank balance over the next week or month. Check out the Xero App Store to find, try and buy business apps that connect easily to Xero online accounting software. Choose the best apps to make running your business even easier. Apps like Stripe, GoCardless, Shopify, and WorkflowMax connect seamlessly and sync data with Xero business accounting software.