Each month, Xero sends you a link to your subscription invoice with easy ways to pay for your accounting software. You can pay it using Visa or Mastercard debit or credit cards, or by direct debit. The payment date depends on when you signed up to a pricing plan. You can upgrade or downgrade your plan or cancel your subscription at any time with one month’s notice. Run your business from anywhere with Xero’s easy accounting app.
Growing
- Plans are affordable, starting at $13 per month, but no free plan.
- A dashboard provides a summary of your business’s financial health, including total cash in and out, outstanding invoices and overdue bills.
- The mobile app works with Xero accounting software to help you run your small business from anywhere.
- Xero lets new customers sign up for a 30-day free trial to test out its features.
We’re committed to the security of your data and provide multiple layers of protection for the personal and financial information you trust to Xero. Find out more about Xero’s commitments to data protection and data security. Our partners cannot pay us to guarantee favorable reviews of their products or services. Accounting online with Xero will protect your data through multiple layers of security, such as encryption. Payments are due by the end of your monthly billing period based on the date you purchased your subscription. Use Xero accounting software to hop online with your employees, bookkeeper, or accountant – even if you’re on opposite sides of the world.
Best Accounting Software for Small Businesses of 2024
Discover seamless app integrations for efficient accounting with Xero’s comprehensive accounting software. Manage your finances, control cash flow and integrate with apps. You can enter data manually, import data, or use one of the services that can converts the data from your old accounting system to Xero. Use Gusto payroll to calculate pay and deductions, pay employees, simplify compliance, and update the Xero accounts. Sage 50 Accounting’s Cash Flow Manager tool is a helpful feature for people who want to better understand how future transactions could impact their business. The tool also lets you adjust the time frame to see how your business has changed over time.
Get help during the free trial
Xero’s invoicing capabilities allow you to create and customize an invoice for clients and then accept credit card, debit card or bank transfer payments within the invoice itself. Xero processes payment through a payment gateway like Stripe, GoCardless and others. Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor).
These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one. NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across similarities and differences between accounting and bookkeeping 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software. In the Early plan, the least expensive subscription, you can send up to 20 invoices and schedule up to five bill payments only.
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. After a 30-day trial period, Xero will bill a monthly charge of $13 per month for the Early plan, $37 per month for the Growing plan and $70 per month for the Established plan. For free vertical analysis invoicing platforms, consider Zoho Invoice, Square Invoices or PayPal Invoicing, although these platforms provide fewer capabilities.
Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow and bills to pay. You can even reconcile bank accounts and convert quotes to invoices. It’s free with every subscription and owners draw vs salary compatible with iOS and Android. Once you’re set up in Xero you can import all your data from your previous accounting software, including the chart of accounts, invoices, bills, contacts, and fixed assets.
Instead, customers can visit the Xero Central support site or raise a case online. A representative typically responds to a case within a few hours. Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings. 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.