Xero

Xero

Xero is a cloud-based accounting software designed for small to medium-sized businesses, offering real-time financial visibility and streamlined bookkeeping. It enables business owners and accountants to manage invoicing, bank reconciliation, inventory, payroll, and financial reporting from anywhere.

Starting from $15/mo

Visit Website

Features

Automated bank reconciliation and transaction matching
Invoicing and accounts receivable management
Expense tracking and bill management
Real-time financial reporting and dashboards
Multi-currency support and international payments
Inventory management and purchase orders

Pros & Cons

Pros

  • +Intuitive user interface that's easy to learn and navigate
  • +Extensive integrations with over 1,000 third-party apps
  • +Strong collaboration features for accountants and bookkeepers
  • +Excellent mobile app for on-the-go financial management

Cons

  • -Limited customer support on lower-tier plans
  • -Can become expensive as you add users and features
  • -Payroll functionality requires additional paid add-ons in most regions

Pricing

PlanPriceFeatures
Early$15/moSend 20 invoices and quotes, Enter 5 bills, Reconcile bank transactions, Capture receipts and expenses
Growing$42/moUnlimited invoices and quotes, Unlimited bills, Bulk reconcile transactions, Multi-currency support, Project tracking
Established$78/moEverything in Growing, Multi-currency accounting, Expense claims, Project costing, Advanced analytics and reporting

Quick Info

Starting Price
$15/mo
Features
6 listed

Compare Xero

See how Xero stacks up against other tools

Alternatives to Xero

Other Accounting & Finance tools you might consider

QuickBooks Online

QuickBooks Online

From $30/mo

QuickBooks Online is a cloud-based accounting software designed for small to medium-sized businesses to manage invoicing, expenses, payroll, and financial reporting. It provides real-time financial insights and integrates with over 750 business applications to streamline bookkeeping and tax preparation.

Automated invoicing and payment trackingExpense tracking and receipt captureTax deduction identification and reporting
FreshBooks

FreshBooks

From $19/mo

FreshBooks is a cloud-based accounting software designed for small business owners, freelancers, and self-employed professionals to manage invoicing, expenses, and financial reporting. It simplifies bookkeeping with an intuitive interface that requires no accounting expertise.

Automated invoicing and payment remindersTime tracking and project managementExpense tracking and receipt capture
Wave

Wave

Free

Wave is a free accounting software designed specifically for small businesses, freelancers, and entrepreneurs who need to manage invoicing, bookkeeping, and payments without the complexity of enterprise solutions. It offers a complete financial management suite with unlimited income and expense tracking at no cost.

Unlimited invoicing and invoice customizationAutomatic bank transaction imports and reconciliationReceipt scanning and expense tracking
Sage Business Cloud

Sage Business Cloud

From $10/mo

Sage Business Cloud is a comprehensive cloud-based accounting and financial management solution designed for small to medium-sized businesses. It offers real-time financial insights, automated workflows, and integrated tools for invoicing, cash flow management, and compliance.

Automated invoicing and payment processingReal-time cash flow forecasting and trackingBank reconciliation and automated transaction feeds