On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. 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.

Protect your business data

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 invoicing platforms, consider Zoho Invoice, Square Invoices or PayPal Invoicing, although these platforms provide fewer capabilities. Easily create and send invoices and automate invoice reminders for a quicker, hassle free payment.

Customise and grow with your business

You can also reconcile comprehensive annual financial report bank accounts and convert quotes to invoices. The mobile app is free with every subscription, and is compatible with iOS and Android. While Xero has a lot going for it, pricing increases, a lack of built-in payroll, and limited features on its least expensive plans are potential issues.

1. You can even reconcile bank accounts and convert quotes to invoices.
2. The mobile app works with Xero accounting software to help you run your small business from anywhere.
3. 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.
4. Still, despite the price ruling out the software for some small businesses, Xero has a lot to offer for medium and large businesses or those in need of multiple users.
5. Unlike QuickBooks Desktop, Xero also has the mobility and modern UI of cloud-based software.

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. 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.

Additionally, customer support has gone downhill since our last review. Still, despite the price ruling out the software for some small businesses, Xero has a lot to offer for medium and large businesses or those in need of multiple users. We also ensure that the software offers most standard accounting features and reports, awarding higher rankings to those that provide advanced services, like tax filing. With an overall score of 4/5 in this review, Xero is a good solution for mid-to-large-sized businesses in need of strong accounting features and multiple users.

Accounting software

Explore Xero accounting software and its tools for small businesses, accountants, and bookkeepers. While the software is well-organized, it does have a steep learning curve (not as steep as QuickBooks, but it is more difficult to learn than other cloud-based options). It takes quite net assets a while to explore all of the features it has to offer, but once you get acquainted with the software, Xero is fairly easy to use. Getting started is the most difficult part, and it’s this learning curve that lowered our ease of use rating to 3.8/5.

And fittingly, there are two entries in the history books for who documented the double-entry system. Some credit Benedetto Cotrugli and his 1458 book Of Commerce account types and the Perfect Merchant. But most regard Luca Pacioli as the father of bookkeeping, for his 1494 book Review of Arithmetic, Geometry, Ratio and Proportion.

Use Xero accounting software to hop online with your employees, bookkeeper, or accountant – even if you’re on opposite sides of the world. Xero’s bank feed securely imports your transactions into the Xero accounting software each business day. Simplify your finances and get more done with Xero online accounting software. Access Xero features for 30 days, then decide which plan best suits your business. Xero tries to throw you as many bones as possible by adding a video or help article to the top of every page you open. If you need some extra assistance in finding features or understanding the software, Xero also offers a help center.

Given that there are several invoicing software on the market, it’s worth putting in some time to research your options before choosing one for your business. We’ve compared Xero with its competitors to help your search. We also have online articles, videos and training available. Get to know your finances with accurate, daily figures when you’re accounting online with Xero. 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. Keep your practice one step ahead with Xero accounting software.