Xero Pricing Packages 1. The Early plan is Xero’s lowest-priced package at only $11 per month. Who is this plan ideal for? Xero’s Early plan is designed for small business startups, especially sole proprietors who are still new to using cloud-based accounting solutions. Xero is a Accounting software. Learn more about it's pricing, reviews, features, integrations and also get free demo.
Managing your finances is one of the most time-consuming and arduous parts of operating a business. Regardless of the size, businesses deal with the same challenges in accounting finances. But one of the major differences between SMEs and large corporations is that the latter have the capability to invest in sophisticated accounting software solutions.
For small business owners, especially those who are still in the startup stage, it is a common practice to resort to traditional accounting practices to save costs. This practice, however, can actually lead to more problems, such as human errors. Fortunately, there are accounting tools available that are specifically designed for small businesses and one of them is Xero.
Xero Pricing Payroll
In this article, we will look into Xero pricing plans—the features included in each and for whom each plan is ideal.
Xero Price Plans & Features
The COVID-19 crisis hit a number of industries hard and small businesses have suffered the worst from its impact. And although the business recovery process has already started, another set of new challenges await as small businesses adapt to the new normal. Among the major challenges are the adjustments in financial plans. For businesses that have to lay off or furlough employees and reduce operating hours during and after lockdowns, rearranging financial priorities is harder than ever.
Not all small businesses, however, have been negatively affected by the pandemic. According to the Alignable Recovery Projections Poll, SMBs and professionals in the finance, insurance, and real estate industries reported that their income levels have actually improved. As an example, finance professionals like accountants and payroll managers have made more during COVID-19 than before the pandemic.
Source: Alignable Recovery Projections Poll, 2021
The growth of businesses and freelancers in these industries amid a global crisis can be attributed to the rise in the demand for their services. According to a survey that looked into the impact of the pandemic on small businesses, owners and operators of SMBs in struggling industries need guidance when it comes to navigating through their finances. But aside from getting help from professionals, small businesses can also benefit from having the right accounting tools that fit their needs and their budget.
Overview of Xero Accounting Software
Xero is one of the leading cloud-based accounting solutions designed for SMBs as well as for accountants and bookkeepers. As an award-winning accounting platform, Xero combines functionality, usability, and budget-friendliness to accommodate the needs of small- and medium-sized enterprises, as well as independent professionals from the startup stage and as they grow.
A powerful accounting solution, Xero offers robust features that allow you to automate various tasks, such as invoicing, reconciling bank transactions, reporting, calculating sales tax on various transactions, and more. With Xero, you have your own accounts payable tools accessible from any device. Xero’s accounts payable feature not only gives you a detailed view of your upcoming bills but also helps you prioritize which bills should be paid first.
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Xero also functions as an expense management solution to help you keep track of your or your employees’ expenses. The reimbursement process is made easier with the help of Xero’s powerful data capture feature that automatically extracts information from photos of receipts uploaded to the platform. All reimbursement claims can be easily approved from your end, thus making the process faster.
Beyond basic accounting functions, Xero also allows you to manage your inventory, as well as create and send purchase orders on the go. You can also create online quotes and estimates using existing templates or by customizing your own. Moreover, quotes that have been accepted and fulfilled can be converted into invoices, thus saving you time that you can use to focus on other urgent matters.
Other notable features include quick reconciliation of bank transactions, automatic sales tax computation based on the tax rates you added in the system, as well as being able to access accurate and detailed reports whenever you need them. Additionally, Xero supports more than 160 currencies that you have the option to automatically convert to your local currency based on up-to-date exchange rates.
- Pay bills
- Claim expenses
- Bank connections
- Bank reconciliation
- Accept payments
- Send invoices
- Track projects
- Contacts and smart list
- Capture data
Xero Pricing Australia
- Payroll
- Cloud-based filing system
- Reporting
- Inventory management
- Muli-currency payment
- Purchase orders
- Quotes
- Sales tax
- 24/7 online support