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. Take advantage of Xero’s free trial to see if this accounting solution is right for you. If you’re still on the fence, check out our what kind of company or business would use the single picks for the best small business accounting software to compare your options. Xero is powerful online accounting software for US small businesses. Manage your cash flow, track expenses, accept payments online, and much more – all without leaving Xero. Xero is cloud-based accounting software that has given QuickBooks a run for its money since 2006.
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Customise and grow with your business
Make Xero your own by connecting other which type of account is a bank overdraft account apps to the Xero accounting software. You’ll receive your invoice at the end of your monthly billing period. With online invoice payments through Stripe and GoCardless, you can accept payments by card or direct debit. Manage your finances, control cash flow and integrate with apps. 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.
Sales tax
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.
Connect to your bank
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. You can import data from other accounting software in bulk via CSV files once you’ve done some initial set up in Xero.
- Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow and bills to pay – plus reconcile bank accounts and convert quotes to invoices.
- Check out the Xero App Store to find, try and buy business apps that connect easily to Xero online accounting software.
- Keep your practice one step ahead with Xero accounting software.
- 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.
- It takes quite 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.
Keep on top of your cash flow
Each plan still offers unlimited users and live bank feeds, so businesses can download, categorize, and reconcile their transactions as usual. Get access to all of Xero including features like expenses and projects. Use the demo company to try things out, or enter your own business details and data to try it out for real. Anything you enter will be retained when you transfer from a free trial to a subscription. Access all Xero features for 30 days, then decide which plan best suits your business.
We deliver timely updates, interesting insights, and exclusive promos to your inbox. Use Xero to work with your employees, bookkeeper, or accountant online, even if you’re on opposite sides of the world. Invite your top 12 weirdest tax rules around the world advisor to work with you on the online accounts anywhere, anytime. 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.