Xero is also a better option for businesses that are expanding internationally as it offers multicurrency support. Also included in the Ultimate plan is Xero Analytics Plus, a set of tools to help small businesses gain a deeper understanding of how their business may be performing, and plan ahead. For small businesses wanting in-depth insights and advanced cash flow forecasting, Analytics Plus provides a greater overview of cash flow and financial performance. There are more than a hundred apps available in the Xero App Store. From accountant tools to customer relationship management (CRM) solutions, it’s easy to integrate Xero with your existing software services. In general, accounting software companies should have open lines of communication with customers.
Xero has never offered phone support and has relied on email support. It may take a day or two to get a response to your email, but there are plenty of other forms of support available. Despite a few shortcomings, we rated Xero 4.7/5 for its customer support. I’m excited to share that customers in Australia, New Zealand and the UK can now purchase a new comprehensive Xero plan to better suit their business needs.
Hubdoc is included in Xero Ignite, Grow, Comprehensive and Ultimate plans as long as it’s connected to your Xero subscription. Your use of the Xero services is subject to the Xero Terms of Use and your use of the Hubdoc services is subject to the Hubdoc Terms of Use. †Invoice limits for the Early plan apply to both approving and sending invoices. Hubdoc is included in Xero Early, Growing and Established plans as long as it’s connected to your Xero subscription. All pricing plans cover the accounting essentials, with room to grow. If you use the Established plan, you can track billable time to add to projects.
What is better: QuickBooks or Xero?
For free invoicing platforms, consider Zoho Invoice, Square 8 top free accounting and bookkeeping software apps for 2022 Invoices or PayPal Invoicing, although these platforms provide fewer capabilities. Xero’s new plans are designed to provide you with easier access to the tools to help run your business efficiently. The new plans are available from 1 July 2024 and Payroll Only, Starter, Standard and Premium plans will no longer be sold. Xero has a reputation for some of the strongest cloud security out there. Security measures include data encryption, two-step authentication, and 24/7 monitoring at multiple locations. Data is backed up daily across various servers, and regular security audits are performed.
- The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more.
- Xero has no limit to how many users can access data, whereas QuickBooks limits this to 40 with its Enterprise plan.
- Xero also has inventory management, but it’s not one of its core functions.
- In other features, Xero, Zoho Books, and QuickBooks Online are head-to-head, and their differences don’t have a significant effect on the overall experience.
Project Accounting
Xero is robust, cloud-based software with strong accounting, ample integrations, and some great features. It offers tons of automations to save your business time, such as automatic sales tax lookup, group invoicing, and default email templates. Plus, Xero supports unlimited users at no additional cost — a rarity in the accounting software world. 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. 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.
Can I access Xero on my mobile device?
In New Zealand, it includes Payroll, Expenses and Projects for five employees. Users can try Xero for 30 days before signing up for a subscription. However, accountants and bookkeepers can register in the Xero Partner program to get it for free. If your business isn’t offering accountancy services, you are ineligible for the free Xero account. Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe.
Tax Support
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To reiterate our point in the A/P section of our case study, the only shortcoming we see is with viewing inventory in the PO. Overall, we’re satisfied with how Xero’s inventory features performed based on our rubric. We evaluated inventory as part of our A/P and A/R testing, so there’s no separate video. The bills window is presented in a tabular format, wherein you can see pertinent billing details like vendor, invoice date, due date, amount paid or due, and the status of the bill. Navigation is very user-friendly—everything is laid reduce credit card processing expenses with non out neatly, and it’s not complicated, even for first-time users. 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.