About
Overview
Xero is a leading cloud-based accounting software for small and medium businesses. It offers real-time bank feeds, invoicing, inventory management, and comprehensive reporting. It is highly favored by accountants for its robust double-entry accounting system.
Pricing & Free Tier
Free Tier: No.
Starter: $20/month. Includes 20 invoices per month.
Standard: $42/month. Includes 5 bills, 20 invoices.
Premium: $70/month. Includes multi-currency and analytics.
How to Use
- Sign up and set your base currency.
- Connect your bank accounts (Xero automatically downloads transactions).
- Reconcile transactions daily or weekly using the "Reconcile" tab.
- Create invoices and send them directly to clients.
Important Notes
- Bank Feeds: While highly accurate, Xero can occasionally lose connection to banks, requiring you to re-authenticate.
- Inventory: Advanced inventory tracking is not available on the basic plans; you may need a third-party app or a higher-tier plan.