Customers praise Xero’s speedy customer service; however, some customers say that it would be importance of monthly balance sheet reconciliation nice if Xero offered a phone number for quick answers to common questions. Business owners on Xero’s Growing or Established plans can purchase Inventory Plus for an additional $39/month. To get started with capturing and storing data, users can navigate to Xero’s Organization menu to either set up a new Hubdoc organization or connect an existing Hubdoc account. All of Xero’s plans come with a data capture and online file storage feature, making it easy to store information from receipts and scanned documents. You can use Xero’s demo company to create sample invoices using fictional data. A sample invoice can give you an idea of what an invoice will look like from a customer’s perspective.
Do I need accounting software for my small business?
Plans are affordable, starting at $13 per xero vs wave month, but no free plan. Includes tools that help automate the reconciliation process, along with a global search function; has a simple layout and a customizable dashboard. 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. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Give your team access to Xero’s software and invite your advisor to collaborate.
Time Tracking
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. After your free trial ends, you can choose the plan that best suits your needs. If how to find a good accountant for your small business 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. Xero’s customer service scores 4.3 out of 5 on Trustpilot, with many users praising the fast response time.
You can turn on automatic payment reminders to save time otherwise spent pursuing overdue invoices. You can choose how often customers receive reminders, and turn off reminders for specific customers or invoices. Xero’s online invoicing tool makes it easy to bill customers and receive payments online. Xero partners with Gusto to add more HR functions, such as payroll services. With Gusto, you can onboard new hires, administer employee benefits, track hours and paid time off, run payroll, and automatically file payroll taxes. We really liked Xero’s unique History & Notes feature, which presents an activity report at the bottom of every transaction screen.
One-way phone support
The Ascent, a Motley Fool service, does not cover all offers on the market. Xero offers an affordable range of plans for businesses of all sizes, with its Early plan starting at just $15/month. Xero offers payroll and advanced inventory management as add-ons.
Check out the Xero App Store to find, try and buy business apps that connect easily to Xero online accounting software. Apps like Stripe, GoCardless, Shopify, and WorkflowMax connect seamlessly and sync data with Xero business accounting software. Xero offers a 30-day free trial (no credit card required) for new users and affordable plans for small businesses of all sizes. Businesses that are just getting started or sole proprietors can sign up for the Early plan starting at just $15/month, and then upgrade to its Growing or Established plans as they scale.
Xero Accounting Software Review: Pros, Cons & Features
- In the Early plan, the least expensive subscription, you can send up to 20 invoices and schedule up to five bill payments only.
- 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.
- Xero connects to your bank and credit card accounts and imports data daily, so we really appreciate that it protects your sensitive business data with bank-grade encryption.
- We really liked Xero’s unique History & Notes feature, which presents an activity report at the bottom of every transaction screen.
We especially like that this feature is free, although some stand-alone time-tracking apps include additional functionality. Many business owners with a growth mindset prefer choosing an accounting software solution and sticking with it over the long haul. Compared to other software we reviewed, Xero stands out for meeting businesses’ needs in all growth phases.
We’re upfront about pricing, and provide full details of our pricing plans and optional extras. Where a feature is listed as an add on (like Xero Payroll, Xero Projects, Xero Expenses and Analytics Plus), its pricing depends on the number of users who use the add on each month. 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.
Use the Xero accounting and bookkeeping app to create and send online invoices in seconds to help maintain a steady flow of cash into the business. NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy. 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. 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.
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