All three of these offer the ability to scale their accounting for larger businesses and both Xero and QuickBooks offer specific training for accountants. These companies offer Gusto integration for the same price—$40 per month and $6 per month per person. On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. Xero’s invoicing capabilities allow you to create and customize an invoice for clients and then accept credit card, debit card or bank transfer payments within the invoice itself.
Upgrading, downgrading or canceling your subscription
- For example, if you have an entry for an invoice of $1,000 and a recent $1,000 deposit in your bank account, it might suggest matching these two transactions.
- It allows three users for its Essentials plan ($55 per month) and 25 users for its top plan, the Advanced ($200 per month).
- Payments are due by the end of your monthly billing period based on the date you purchased your subscription.
- Plans are affordable, starting at $13 per month, but no free plan.
- FreshBooks offers unlimited time-tracking in its lowest-tier Lite plan, whereas Xero users would have to opt into the highest-tier Established plan for that feature.
Keep track of your unpaid and overdue invoices, bank account balances, profit google geofencing ads and loss, cash flow, and bills to pay. You can also reconcile bank accounts and convert quotes to invoices. The mobile app is free with every subscription, and is compatible with iOS and Android. After you start a free 30-day trial of Xero, you’ll activate the account and provide details about your business. Then, you can connect your bank accounts to Xero and decide if you’ll accept electronic payments for online invoices. Each month, Xero sends you a link to your subscription invoice with easy ways to pay for your accounting software.
Start a 30-day free trial
Get an overview of Xero plans and pricing to help choose the right product for you. See guides to help you do better business, and understand the often overwhelming world of accounting. Instead, customers can visit the Xero Central support site or raise a case online. A representative typically responds to a case within a few hours. Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings.
It’s free with every subscription and compatible with iOS and Android. With your accounting software and data stored in the cloud, you can access your up-to-date accounts anywhere there’s an internet connection. You can receive automated bank feeds into what does net 30 mean on an invoice a simple definition for small businesses your accounting software and connect to other business apps for greater efficiency. You can also collaborate with other people, like accountants and bookkeepers, by giving them access to view and share your figures.
That includes the chart of accounts, invoices, bills, contacts and fixed assets. For a smooth transition and best results, we recommend working with an accountant or bookkeeper, preferably one with Xero experience, when you make the move to Xero cloud accounting software. 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.
Apps like Stripe, GoCardless, Vend, and Shopify connect seamlessly and sync your data with Xero to make it easier to run your business. You can still try all Xero features and add-ons in the demo company before using them in your business or adding them to your subscription. The demo company in Xero lets you try out understanding taxes module 2: wage and tip income Xero’s features without setting up your own organization or entering your own data.
Protect your business data
While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. All three plans come with an optional add-on for payroll with Gusto for $40 per month plus $6 per month per person. Log in anytime, from anywhere, to send invoices, pay bills, and manage your cash flow. Xero’s cloud accounting software has features and tools to help you run your small business, so you can spend more time doing what you love.
Try Xero free for 30 days
Xero’s accounting software is highly rated among small businesses. Read our 2024 Xero review to find out if it’s the right solution for your business. Simplify your finances and get more done with Xero online accounting software. Explore Xero accounting software and its tools for small businesses, accountants, and bookkeepers. Get started with the demo company, or if you set up your own business, Xero protects your data with multiple layers of security.
