How much does xero accounting software cost

Xero is cloud-based accounting software designed to help small business with the accounting side of managing their business accounts. It’s a comprehensive accounting system with features to cover all your accounting needs. Here we look at the cost of Xero accounting software and how it compares to other similar products on the market.

Xero is a cloud-based accounting software that will most likely be the easiest and most time saving machine you ever have to manage a business. It has been designed so that you don’t have to hire an accountant to give you constant updates on your company performance. The focus of xero accounting software is to help entrepreneurs manage their businesses. They have simplified the whole concept of accounting so that even people like me who don’t have an accounting background can understand what they are doing. 

Xero is a cloud-based accounting software that allows you to manage your finances and business from anywhere in the world. It’s easy to use and can be customized for any business.

Xero’s pricing depends on whether or not you have a subscription plan. If you do, it will cost $20 per month for each user with a standard plan and $50 per month for each user with an enhanced plan. Otherwise, Xero’s pricing is $30 per year per user.

Xero is a cloud-based accounting software that allows small businesses to manage their finances and pay their accounts online. There are three plans for Xero:

  • Starter: $1 per user per month, or $10 per user per year
  • Essentials: $3 per user per month, or $30 per user per year
  • Pro: $8 per user per month, or $80 per user per year

What is Xero Accounting Software?

The Xero Accounting Software is a web-based software that originally came from New Zealand but has gone to make a name for itself in the US and other prominent nations of the world.

Once a small player in the accounting software pool, the management behind this tool have made sure to keep innovating and improving the product until they are now at this point where they have over 1.2 million subscribers to their name.

That has given other providers such as Sage One and Sage Business Cloud Accounting a run for their money. Even though they still retain a bigger market share, they are closely chased by Xero Accounting and run the risk of the latter company overtaking them.

With such a large, budding and growing customer base and still room for improvement, it is not rocket science why a number of new small businesses might look to Xero for the handling of all accounting related tasks in their offices.

Xero Accounting Software Review 2018 | Pricing and Features | Pros and Cons
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Xero Accounting Software Features

Why are many small businesses clamouring for the services of Xero Accounting Software when it comes to keeping their books the right way? There are some small details that only the core and long-term user will find out, but here are the distinctive features that an everyday user will come to appreciate on the platform.

  • Bank reconciliation
  • Contacts management
  • Intuitive dashboard
  • Expenses claim
  • Financial reporting
  • Attaching email to report data
  • Unlimited mail support
  • Inventory management
  • Invoices
  • Recurring invoices
  • Web-based access
  • Support for mobile phones
  • Support for multiple currencies
  • Payroll
  • Raising purchase orders
  • Tax management
  • Electronic bill receipts
  • Fixed assets and
  • GST returns

Pros

  • Xero Accounting packs support for unlimited users
  • The platform is highly scalable
  • There are numerous integrations on board
  • Although for small businesses, it is also suitable for larger organisations
  • Comes with advanced features
  • Customer support is amazing
  • Allows for double entry accounting
  • Thorough records
  • Inculcation of transaction forms
  • Affordable for small businesses
  • Contains no hidden fees

Cons

  • The learning curve is a little bit steep
  • Invoice templates are not that great
  • Project management doesn’t come with dedicated time tracking

Xero Pricing Plan

For all the above features, it is sure that they must come at a price. So that the software can meet you at every point of your need and not have to make you pay for more than what you’ll require, there is a progressive package plan in place.

Here are the packages offered by Xero and what the user gets when they subscribe to each

Xero Starter – $20 / month

The starter plan includes

  • 5 invoices and quotes
  • 5 bills and
  • 20 bank Transactions

Xero Standard – $30 / month

The Standard pack gives you

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  • Invoices and Quotes
  • Bills
  • Bank Transactions
  • 5 Payrolls

Xero Premium – $40 / month

The top-shelf Premium offering gives users the following

  • Invoices and Quotes
  • Bills
  • Bank Transactions
  • 10 Payrolls
  • Support for multiple currencies
Xero Accounting Software Review 2018 | Pricing and Features | Pros and Cons

Wrap Up

If you have gone through this Xero Accounting Software review with us, you will agree that the software is worth all the hype. With a mountain of features and different pricing plans to choose from, the offer is battered in the way the software will grow with you as your business transforms from a smaller one into the bigger organisation you have in mind.

To round it all off, support for multiple platforms and web-based services to give you access from anywhere makes this a top pick for business people who like to consume information on the go.

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