What Does Xero Do?
Xero makes bookkeeping easier by automating as much of the process as possible.
The user interface is simple and easy to use which takes a lot of the pain out of bookkeeping.
Connect your bank and credit card accounts to Xero to import transactions automatically. You can then automate transactions further by setting up rules to teach Xero how to record transactions for you.
Invoice your customers in Xero and allow them to pay by credit card from a “Pay Now” button on your invoice.
Record and pay bills electronically with integrated software like Plooto.
Xero lets you keep track of your financial performance in real time as transactions are imported automatically from your bank and credit card accounts. Customize the financial reports however you like to really understand how your business is doing at any given time.
Why We Love Xero
Xero is the best online accounting software solution available, and we've explored several. It's comprehensive, user-friendly and sophisticated, so our books are always up to date and readily accessible.
Bookkeeping is difficult to do well but Xero takes a lot of that pain out of the process. It allows business owners to automate a large portion of their bookkeeping and simplifies the stuff that can’t be automated.
The experience of using the software can actually make bookkeeping fun. And that’s not just the accountant in me saying that; we’ve heard it from more than a few clients!
Use Cases for Xero
Xero is great for most types of small to medium sized businesses. Xero alone can handle bookkeeping from simple to complex businesses.
- Construction and trades - send quote and invoices, track expenses and manage jobs directly from Xero.
- Manufacturing - Keep track of assets, stay on top of cash flow and streamline your manufacturing business with Xero
- Real estate - Track performance for each property using Xero’s tracking categories.
- Retail - Integrates with your POS to help record sales and automate bookkeeping. View cash flow on the go and reduce admin time with Xero.
- Ecommerce - Integrate Xero with ecommerce platforms like Shopify to automate bookkeeping for your ecommerce business.
- Professional services - Send invoices directly from Xero to your clients or integrate with popular booking and payment platforms like Jane App.
Xero really is a flexible piece of software and has many third-party integrations that are available to add functionality and solve problems that Xero alone can’t solve.
Check out Xero’s app directory for hundreds of integrations to help you do business.
Xero Pricing
Xero offers three different pricing plans that range from $17 per month to $54 CAD per month. They also offer a 30 day free trial to see if it’s the right fit for you.
- Starter $17/month - Limits the number of invoices and bills you can send each month and also only allows a single currency. The Starter level is reasonable if you’re able to stay within these thresholds, but it’s too limiting for most businesses that we work with.
- Standard $42/month - The Standard pricing tier removes the invoice and bill limits and allows you to reconcile transactions in bulk. The main drawback is that it only provides you with the use of one currency so no invoicing in USD under the Standard plan.
- Premium $54/month - The Premium plan adds multiple currencies among other features. This is the pricing tier that we set up most of our new clients on because it provides the most flexibility and really unlocks Xero’s true potential.
