About Xero

Xero is a cloud-based small business accounting software with tools for managing invoicing, bank reconciliation, inventory, purchasing, expenses, bookkeeping and more. Xero is an alternative to QuickBooks. It is a modern, small business accounting software that lives in the cloud. It's accessible from any computer or mobile device, making for a smarter and easier accounting process, with features including cash flow tracking, payment processing, bank reconciliation, expense tracking, inventory management, financial reporting, and more.

The Xero dashboard presents users with a clear and concise overview of their financial situation. It provides small business owners with a greater understanding of their cashflow by highlighting bank balances, outstanding invoices, upcoming bills and expense claims in a visually appealing way. Daily bank and credit card transactions are automatically imported into Xero and matched to their corresponding accounting transaction. Doing bank reconciliation is as easy as confirming the match is corrected and clicking "OK."

Xero integrates with over 1,000 third-party apps commonly used by small businesses including Stripe, PayPal, Capsule, HubSpot, and more in order to streamline workflows and synchronize data such as sales invoices, client data, cashflow reports, payroll data, and more. Data flows directly into the Xero ledger, removing the time and effort required for manual data entry. Every Xero plan comes with unlimited users, so there's no need to pay for extra licenses. Collaborate with colleagues or invite financial advisors to view data remotely and get valuable real-time advice.

Pricing starting from:

$12.00/month

  • Free Version
  • Free Trial
  • Subscription

Key benefits of Xero

  • Keep accounting data safe and secure.
  • Access accounts online anytime from anywhere, even on the go using mobile devices (iPhone/iPad/Android) or tablet.
  • Get better visibility on cashflow with real-time data.
  • Reduce the time spent keeping accounts up to date.
  • Software updates are free and available when users log in.
  • Collaborate with the whole team and an accountant. Users decide what each person can see.
  • Seamless accounting and payroll in the US (selected states), UK, Australia and New Zealand.
  • Typical Customers

    • Freelancers
    • Small Businesses (2-50)
    • Mid-size Companies (51-500)
    • Large enterprises (500 and more)

    Deployment

    • Cloud-based
    • On-premise

    Markets

    Australia, Brazil, Canada, China, Germany , United Kingdom, Guernsey, Ireland, India, Jersey, Japan, Mexico, New Zealand, United States

    Supported Languages

    English

    Pricing starting from:

    $12.00/month

    • Free Version
    • Free Trial
    • Subscription

    Images

    Xero Software - Xero Dashboard
    Xero Software - Xero Payroll
    Xero Software - Xero Reporting
    Xero Software - Xero Invoices
    Xero Software - Xero Assurance Dashboard
    Xero Software - Xero Accounts
    Xero Software - Xero Contacts
    Xero Software - Xero Dashboard
    Xero Software - Xero Mobile
    Xero Software - Xero Profit and Loss Reports
    Xero Software - Xero Payroll
    Xero Software - Xero Summary Report
    Xero Software - Xero Sales Account
    Xero Software - Xero Contacts
    Xero Software - Xero Timesheets, Payslips, and Leave
    Xero Software - Xero Calendar
    View 18 more
    Xero video
    Xero video
    Xero Software - Xero Dashboard
    Xero Software - Xero Payroll
    Xero Software - Xero Reporting
    Xero Software - Xero Invoices
    Xero Software - Xero Assurance Dashboard
    Xero Software - Xero Accounts
    Xero Software - Xero Contacts
    Xero Software - Xero Dashboard
    Xero Software - Xero Mobile
    Xero Software - Xero Profit and Loss Reports
    Xero Software - Xero Payroll
    Xero Software - Xero Summary Report
    Xero Software - Xero Sales Account
    Xero Software - Xero Contacts
    Xero Software - Xero Timesheets, Payslips, and Leave
    Xero Software - Xero Calendar

    Features

    Total features of Xero: 173

    • "What If" Scenarios
    • 401(k) Tracking
    • ACH Payment Processing
    • API
    • Access Controls/Permissions
    • Accounting Software
    • Accounts Payable Software
    • Accounts Receivable Software
    • Accrual Accounting
    • Activity Dashboard
    • Activity Tracking
    • Ad hoc Reporting
    • Alerts/Notifications
    • Approval Process Control
    • Approval Workflow
    • Asset Accounting
    • Asset Tracking Software
    • Audit Trail
    • Automated Quoting
    • Automatic Backup
    • Automatic Billing
    • Bank Reconciliation
    • Benefits Management
    • Billing & Invoicing
    • Billing Portal
    • Budgeting/Forecasting
    • CPA Firms
    • Calendar Management
    • Case Management Software
    • Cash Flow Management
    • Cash Management
    • Cataloging/Categorization
    • Check Printing
    • Check Processing
    • Check Writing
    • Client Management
    • Client Portal
    • Compliance Management
    • Consolidation/Roll-Up
    • Construction Breakdowns
    • Contact Database
    • Contact Management Software
    • Contingency Billing
    • Contract/License Management
    • Core Accounting
    • Cost Tracking
    • Credit Card Processing
    • Cross Ledger Posting
    • Currency Conversion
    • Customer Database
    • Customer History
    • Customer Statements
    • Customizable Branding
    • Customizable Invoices
    • Customizable Reports
    • Customizable Templates
    • Data Import/Export
    • Direct Deposit
    • Discount Management
    • Document Management Software
    • Document Storage
    • Document Templates
    • Drag & Drop
    • Due Date Tracking
    • Dunning Management
    • Duplicate Payment Alert
    • Electronic Payments
    • Email Management Software
    • Email Templates
    • Expense Claims
    • Expense Management
    • Expense Tracking
    • Fee Calculation & Posting
    • Financial Analysis
    • Financial Management Software
    • Financial Reporting Software
    • Fixed Asset Management Software
    • For AEC Industry
    • For Accountants
    • For CPA Firms
    • For Government
    • For Real Estate
    • For Religious Organizations
    • For Restaurants
    • For Schools
    • For Small Businesses
    • Forecasting
    • Fraud Detection
    • Fund Accounting Software
    • General Ledger
    • Hourly Billing
    • Income & Balance Sheet
    • Inventory Control Software
    • Inventory Management Software
    • Inventory Optimization Software
    • Inventory Tracking
    • Invoice Creation
    • Invoice History
    • Invoice Management
    • Invoice Processing
    • Job Costing Software
    • Kitting
    • Mobile Access
    • Mobile App
    • Mobile Payments
    • Monitoring
    • Multi-Channel Management
    • Multi-Company
    • Multi-Country
    • Multi-Currency
    • Multi-State
    • Nonprofits
    • Online Invoicing
    • Online Payments
    • Order Management Software
    • Order Processing
    • Order Tracking
    • Overpayment Processing
    • Overrun Reporting
    • Partial Payments
    • Payment Collection
    • Payment Processing Software
    • Performance Metrics
    • Price / Margin Management
    • Pricing Management
    • Pricing and Cost Calculations
    • Product Identification
    • Profit/Loss Statement
    • Progress Tracking
    • Project Accounting Software
    • Project Billing
    • Project Management Software
    • Purchase Order Management
    • Quotes/Estimates
    • Real Time Data
    • Real Time Reporting
    • Receipt Management
    • Receivables Ledger
    • Recurring Invoicing
    • Recurring/Subscription Billing
    • Reimbursement Management
    • Remote Access/Control
    • Reorder Management
    • Reporting & Statistics
    • Reporting/Analytics
    • Requisition Management
    • Retail Inventory Management Software
    • Revenue Recognition
    • Sales Reports
    • Sales Tax Management
    • Search/Filter
    • Self Service Portal
    • Shipping Management
    • Sourcing Management
    • Spend Management Software
    • Staff Management
    • Status Tracking
    • Stock Management
    • Supplier Management
    • Task Management Software
    • Tax Calculation
    • Tax Management Software
    • Template Management
    • Third Party Integrations
    • Time & Expense Tracking
    • Time Tracking Software
    • Transaction History
    • Trust Accounting Software
    • Vacation/Leave Tracking
    • Vendor Management Software
    • W-2 Preparation
    • Wage Garnishment
    • Warehouse Management Software

    Alternatives

    Microsoft Excel

    4.8
    #1 Alternative to Xero
    Excel is a spreadsheet management software program with data analysis tools to help users track and visualize data for...

    Sage Business Cloud Accounting

    4.1
    #2 Alternative to Xero
    Sage Business Cloud Accounting helps make managing your small business easier, with features to help you manage your...

    QuickBooks Desktop Pro

    4.3
    #3 Alternative to Xero
    QuickBooks Desktop Pro automates billing and invoicing in addition to work orders. Users can link bank accounts, define...

    FreeAgent

    4.4
    #4 Alternative to Xero
    FreeAgent’s award-winning online accounting software is designed specifically for small businesses and freelancers....

    Reviews

    Overall rating

    4.3 /5
    (2,329)
    Value for Money
    4.2/5
    Features
    4.2/5
    Ease of Use
    4.3/5
    Customer Support Software
    4.0/5

    Already have Xero?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Showing 5 reviews of 2,329
    Jose J
    Overall rating
    • Industry: Information Technology & Services
    • Company size: 2-10 Employees
    • Used Weekly for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Likelihood to recommend 8.0 /10

    Great Accounting Tool for Startups and Small Businesses

    Reviewed on 06/11/2022

    Xero was our official accounting software, and we still use it for previous reference. We switch to...

    Xero was our official accounting software, and we still use it for previous reference. We switch to another product because we needed an accounting, invoicing and inventory management solution.

    Pros

    Me and my team believe that Xero is the best accounting tool out there for startups and small businesses.

    Cons

    In one of our companies, we manage inventory with multiple warehouses. Xero needs third party tools that are relatively expensive to accomplish a great inventory management and integrate that with accounting. I think this can be improved.

    Alternatives Considered

    Quickbooks Online
    Daniel
    Overall rating
    • Industry: Accounting Software
    • Company size: 2-10 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support Software
    • Likelihood to recommend 9.0 /10

    Great online software for SMEs

    Reviewed on 23/09/2022

    It has been great software that helped many business to grow with up to date, online financial...

    It has been great software that helped many business to grow with up to date, online financial information.

    Pros

    Xero has been one of the first solutions for cloud bookkeeping and accounting and has successfully competed with the likes of Sage and QuickBooks. It has probably the most other software providers that link directly with Xero over APIs.

    Cons

    Over the years there were some features that were requested and it took a long time for them to be implemented, also more and more features are additional paid for addons.

    Reasons for Choosing Xero

    Clients were unhappy with existing software.

    Reasons for Switching to Xero

    It has the most connections with other apps, links with workpapers among other things.
    Jinny
    Overall rating
    • Industry: Photography
    • Company size: 11-50 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support Software
    • Likelihood to recommend 0.0 /10

    Worst Software I've ever used

    Reviewed on 15/11/2022

    Terrible. This is the worst software I've ever used. Do NOT buy this. It's been a terrible...

    Terrible. This is the worst software I've ever used. Do NOT buy this. It's been a terrible experience for me my company.

    Pros

    I like this software WHEN it works. However, that's generally never the case. My bank feeds haven't been accurate since May of this year. That's five months without accurate transactions and reconciliation.

    Cons

    This software would be good if it worked. I've gone five months without accurate reports and transactions. Xero blames it on "Yodlee" but never actually tells me that they've pressed Yodlee on this issue. I've had internal Xero employees tell me their [SENSITIVE CONTENT] doesn't care about small businesses and in my experience this is true. I would never recommend this software or company to anyone. The customer service is non existent. I think they have people there to help but when those people tell you the company doesn't care...there's not much you can do. They say they're good for small business but it seems like the [SENSITIVE CONTENT] feels exactly the opposite.

    Alternatives Considered

    QuickBooks Desktop Enterprise and Quickbooks Online

    Reasons for Switching to Xero

    I chose Xero because they said they were build for small business options. I didn't need everything Quickbooks offered. That was a huge mistake as Xero can't even do the basic things I need (accurate bank transactions).
    Simon
    Overall rating
    • Industry: Accounting Software
    • Company size: 11-50 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support Software
    • Likelihood to recommend 8.0 /10

    Xero leads the way for cloud based accounting software for small to medium businesses

    Reviewed on 12/09/2022

    Very good. It certainly seems to be market leader and for good reason.

    Very good. It certainly seems to be market leader and for good reason.

    Pros

    Although may not feature the type of reporting that would set it apart from competitors, it has good integration with other apps that can generally to the job.

    For accountants, the customer support is good enough. There is a large community so you can usually find the answer you need if you run into an issue

    Cons

    Not every useful report is available. And may never get them if they arent on the roadmap. Only really found one strange issue around perpetual revaluing of forex that has not been resolved, and likely wont ever be. Its not critical, but would be useful.

    Alternatives Considered

    Quickbooks Online

    Reasons for Choosing Xero

    Sage 50 wasnt cloud at the time, its the only way you can work these days. Sage cloud service wasn't up to scratch back then

    Switched From

    Sage 50cloud Accounting

    Reasons for Switching to Xero

    Most advanced at the time
    Aninda
    Overall rating
    • Industry: Information Technology & Services
    • Company size: 501-1,000 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support Software
    • Likelihood to recommend 8.0 /10

    Awesome Accounting & Billing Application

    Reviewed on 21/10/2022

    Overall experience was good and smooth. Initially understanding the entire system gave us a little...

    Overall experience was good and smooth. Initially understanding the entire system gave us a little bit of tough tie but eventually we adopted well.

    Pros

    Xero improved our business processes and enhanced our departmental efficiency. It has all the modules to cover our business needs and it's integrated features helped us take prompt effective business decisions.

    Cons

    It's just a bit expensive specifically when you've 600+ salespeople who's using this application at every moment to initiate quotes or process invoices.

    Alternatives Considered

    NetSuite CRM and Salesforce Sales Cloud

    Reasons for Choosing Xero

    Infor was too much complicated to use

    Switched From

    Infor OS

    Reasons for Switching to Xero

    Xero looked to have all the required features that we were looking for.
    Showing 5 reviews of 2,329 Read all reviews

    Xero FAQs

    Below are some frequently asked questions for Xero.

    Xero offers the following pricing plans:

    • Starting from: $12.00/month
    • Pricing model: Subscription
    • Free Trial: Available

    Early: $5.50/month Growing: $16/month Established: $31/month

    Xero has the following typical customers:

    Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1,000

    Xero supports the following languages:

    English

    Xero supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    Xero integrates with the following applications:

    Accelo, Actionstep, ActiveCollab, Acuity Scheduling, Administrate Training Management, Adobe Commerce, Agile CRM, ApprovalMax, AroFlo, Authorize.Net, AutoEntry, BarTab, Batchbook, BigCommerce, BlueFolder, BookingBug, Buildertrend, Capsule, Chargebee, Chargify, Chaser, Checkfront, Checkmybooks, Chrometa, Cin7, ClicData, Clio, CollabSpot, Constant Contact, Copper, Corecon, Current RMS, CustomerSure, Cyfe, DEAR Systems, Datamolino, Debtor Daddy, Deputy, Dext Prepare, Dryrun, EZRentOut, Ecwid, Emburse Nexonia Expenses, Emburse Tallie, Entryless, Epos Now, Everhour, Expensify, Exsalerate CRM, FUTRLI, Fathom, Fergus, FieldAware, Financial Driver, Fishbowl, Float, Float Cash Flow, FreshBooks, Freshdesk, GeoNext, Google Workspace, Grow, Handshake, Harvest, Hike, Hotelogix, Hubdoc, Ignition, Insightly, InvoiceSherpa, JobAdder, Kickserv, Klipfolio, Lightspeed POS, LivePlan, MRPeasy, Mailchimp, Manu Online, Microsoft 365, Microsoft Power BI, Mindbody, MinuteDock, MyBuys, Nobly, OnePageCRM, OneSaas, Onsight, Operations Hub, Panalitix, PandaDoc, PayPal, Payment Evolution, Payoneer, Pepperi, Plooto, Podio, ProWorkflow, ProfitSee, Proposify, QuickBooks Commerce, QuickBooks Time, Quickbooks Online, Quoter, Quotient, Qvinci, Qwilr, RESULTS.com, Re-Leased, Really Simple Systems CRM, Rydoo, Sage 50cloud Accounting, Sage Business Cloud Accounting, SalesSeek, Sapaad, Satago, ServiceM8, Shoeboxed, Shopify, Simple Salon, Solve CRM, Spotlight Reporting, Square Point of Sale, Starshipit, Streamtime, Stripe, SugarCRM, Synchroteam, Synergy Practice Management, Tidy, Time Tracker, TimeCamp, Timely, Tradify, Trigger, Unleashed, Veeqo, Vend, WORKetc, WooCommerce, Workato, WorkflowMax, XEDI Web EDI, XO Cashflow, ZENOTI, Zahara, Zapier, Zendesk Sell, Zoho Analytics, Zoho Books, Zoho CRM, ezyCollect, ezyVet, simPRO, vWorkApp, webexpenses

    Xero offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base Software, 24/7 (Live rep), Chat

    Related categories

    See all software categories found for Xero.