Spend a day setting up the system, your contacts (customers and suppliers) and opening balances & you will be on your way. Other affordable, easy-to-use accounting software such as QuickBooks Online and Freshbooks have limits on the amount of users they support or charge extra for additional users. Xero supports unlimited users, which is great for businesses that have multiple team members who need to access their accounting information.
Xero wins out over the competition as far as price, scalability, and integrations go. However, other accounting software such as QuickBooks Online and FreshBooks provide a phone number for customer support. The only way to contact Xero with questions is to sign up for a free trial or purchase a plan, and then submit queries online. Xero allows business owners to easily customize their invoices, collect payments from multiple sources, access accounting information on the go, and more.
Xero’s family of apps work seamlessly together to help you run your business remotely using your mobile device. Understand which Xero apps can help you and your employees stay productive when you’re away from your desk. All in all, Xero’s essential features, user-friendliness, and affordability make it a great choice for sole proprietors and small businesses that are just starting out or that are looking to scale. To get started using Xero, you can sign up for its 30-day free trial by providing your name, email address, phone number, and location. Customers can contact QuickBooks Online and FreshBooks via phone, but Xero doesn’t provide a phone number for customer service.
We encourage you to research and compare multiple accounting software products before choosing one. Xero doesn’t provide a phone number on its customer support page, but a representative will call you if necessary. This is a serious drawback if you want to be able to pick up the phone and talk through an issue or are new to accounting software and have lots of questions. For example, you can give all employees the ability to send quotes and invoices, allow some to enter expenses and limit who can see the company’s complete financial picture. To keep things organized, Xero logs every action users make and compiles the history of every transaction. Access all Xero features for 30 days, then decide which plan best suits your business.
A sample invoice can give you an idea of what an invoice will look like from a customer’s perspective. Xero allows you to add your logo and a personalized message to your invoices, which conveys a sense of professionalism and helps customers trust that it’s you they’re receiving the invoice from. Xero is compatible with over 1,000 apps and has its own app store. Users can access connected apps or add new ones by clicking on the app launcher icon.
FreshBooks charges $17 per month and QuickBooks charges $30 per month). However, the best option and price point will depend on the specific capabilities and features you are looking for. If you’re looking for an accountant who specializes in Xero, you can search for an accounting advisor through their website by location and industry. Xero’s cloud-based software keeps your small business ticking along, no matter whether you’re a PC or Mac user, and no matter what type of device you have.
All apps in the Xero App Store have star ratings from one to five based on reviews by verified users. The reviews can be found at the bottom of each app listing page. Before submitting a review, the reviewer must log in using their Xero credentials. 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. Xero may be harder to learn than a simpler invoicing platform like Square Invoices or Zoho Invoice.
You can build custom apps and integrations with the Xero Developer Center, and if you need help, you can commission a certified Xero developer. Apps in the Xero App Store are organized by industry and by function. Visit the Xero App Store to find and try apps that suit your business’s specific needs. Discover the right apps for you, built by experts to address your specific industry and functional needs.
After your free trial ends, you can choose the plan that best suits your needs. If you need payroll, you can add Gusto’s cloud-based payroll software to any of the plans. If you purchase either the Growing or Established plan, you can add Xero’s inventory management system for an additional $39/month.
The quote form includes multiple fields, enabling you to provide a thorough description of everything your estimate entails. Xero makes it easy to create estimates by breaking down jobs into billable chunks and attaching written details, images, or documents (such as legal total manufacturing cost agreements) to the quote. You can turn the sample dashboard on to get an idea of how your dashboard could look once it’s populated with your business’s data. Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings.
Xero’s inventory feature helps business owners track and report on the quality and value of existing stock. Kimberly is a career writer and editor with more than 30 years’ experience. She’s a bankruptcy survivor, small business owner, and homeschool parent. In addition to writing for The Motley Fool, she offers content strategy to financial technology startups, owns and manages depreciation definition a 350-writer content agency, and offers pro-bono financial counseling. As the industry standard, QuickBooks Online is ideal if you have a growing business with specific accounting needs — as long as you don’t mind taking the time to learn the program’s ins and outs. Xero checks that the app meets prerequisites and reviews it against a list of certification checkpoints.
It allows three users for its Essentials plan ($55 per month) and 25 users for its top plan, the Advanced ($200 per month). This can be helpful if your company is growing fast, or you simply want the reassurance that there’s no limit to how many people can be part of the team. Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $70 per month. If using multiple currencies is a priority to you, consider other platforms that offer this capability at a lower cost. Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies. Xero’s accounting software for Mac and PC users is a powerful all-in-one bookkeeping and accounting solution designed especially for small businesses.
Accounting online with Xero will protect your data through multiple layers of security, such as encryption. Get the most out of Xero with access to our team of onboarding specialists during your first 90 days. Use Xero to work with your employees, bookkeeper, or accountant online, even if you’re on opposite sides of the what is a stakeholder world. Get an instant view of cash in and out to help you monitor the numbers and the performance of your small business. Keep your small business books and bookkeeping up to date so you have a current view of your finances. Employers and their employees can benefit from using this app in conjunction with Xero expenses.
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