Xero
Xero is an online accounting software company based in New Zealand that helps small business owners connect with their numbers, banks, and advisors. Its goal is to streamline your accounting workflow and reduce manual work. Enjoy paperless record-keeping, automation, and smart insights.
Pros
- Easy-to-use interface
- Comprehensive financial reports
- Mobile app
- Time-saving automation
- Wide range of features
Cons
- Frequent price increases
- Poor customer support
- Limited customizations
What is Xero?
Xero is a cloud-based accounting platform for small and medium-sized businesses. It offers invoicing, expense tracking, payroll integrations, inventory, real-time reporting, and automated bank feeds from 21,000+ financial institutions worldwide.
Is Xero Legit?
Yes — Xero is trusted by more than 4 million users worldwide and is a globally recognized leader in cloud accounting. Established in 2006, it is known for secure financial data management, high-availability cloud uptime, and strong compliance standards.
How Much Does Xero Cost?
Xero offers three main plans. Here is the full pricing breakdown:
| Plan | Price | What’s Included |
|---|---|---|
| Early | $15 / month | 20 invoices, 5 bills, bank reconciliation, Hubdoc capture, cash flow snapshots |
| Growing | $42 / month | Unlimited invoices & bills, bulk reconciliation, advanced reporting |
| Established | $78 / month | Multi-currency, expense claims, project tracking, Xero Analytics+ |
What Is Included in Xero Plans?
All Xero subscriptions include core accounting tools like invoicing, receipt capture, and bank reconciliation. Advanced plans add multi-currency, project tracking, and detailed analytics.
Xero Features
| Feature | Description |
|---|---|
| Bank Reconciliation | Automatic bank feeds and matching rules that save time. |
| Invoicing | Create, customize, and automate recurring invoices. |
| Expense Tracking | Capture receipts with mobile app and track employee expenses. |
| Inventory | Basic product tracking built directly into the system. |
| Payroll | Integrated with Gusto for full payroll management. |
| Projects | Track time, assign tasks, monitor profitability. |
| Reporting | Real-time financial reports including cash flow and budgeting. |
| Mobile App | Send invoices, reconcile, and capture receipts from anywhere. |
Notable Features
- Xero Analytics+ – predictive insights using AI
- Smart Invoicing – automated reminders + online payments
- Hubdoc Integration – automatic document extraction
- Automated Bank Rules – reduces reconciliation time significantly
- Multi-Currency Accounting – real-time exchange calculations
- 1000+ App Marketplace – CRM, ecommerce, POS integrations
Xero Support Offering
Xero provides 24/7 support through email tickets, an extensive help center, video tutorials, and community forums. Certified Xero advisors are also available for specialized accounting assistance.
User Review Highlights
- Ease of Use: Very intuitive, minimal learning curve
- Automation: Saves significant time in reconciliation and invoicing
- Features: Comprehensive but some users want more flexibility
- Value: Mixed — some love it, others dislike price increases
- Support: Useful but sometimes slow to respond
How Xero Compares to Other Platforms
| Feature | Xero | QuickBooks | FreshBooks |
|---|---|---|---|
| Ease of Use | ★★★★★ | ★★★★☆ | ★★★★★ |
| Pricing | $$ | $$$ | $$ |
| Multi-Currency | Yes | Limited | No |
| Best For | Small & Medium Businesses | Growing Companies | Freelancers |