Pricing score

Xero Pricing Profile

Xero is a cloud-based accounting software designed primarily for small to medium-sized businesses.

HQ Location

Wellington, New Zealand

Category:

Finance

Key Takeaways

Historical Data Import Challenges

Some users have reported difficulties in importing historical data from previous accounting applications. The inability to transfer data has forced them to maintain subscriptions to older software merely to access their past financial records.

Inventory Management

The platform allows businesses to track stock levels and manage orders efficiently.

Integration Limitations

Users have highlighted challenges with integrating Xero into their existing financial ecosystem, particularly when it comes to mapping pre-existing expense categories to IRS definitions.

Product Overview

Xero provides a comprehensive suite of financial management tools that simplify accounting tasks, enhance collaboration, and improve overall financial visibility.

Xero’s features include invoicing, expense tracking, bank reconciliation, and payroll management. Users can create and send professional invoices, manage customer payments, and automate expense tracking by connecting their bank accounts for real-time updates.

Xero offers robust reporting capabilities, providing users with insights into their financial performance through customizable dashboards and reports. This helps businesses make informed decisions based on real-time financial data. The software supports multi-user access, enabling teams to collaborate effectively while maintaining data security.

Integration is a key strength of Xero, as it connects with a wide range of third-party applications, such as payment processors, CRM systems, and e-commerce platforms, creating a comprehensive ecosystem for financial management.

INSIGHTS

Our insights about Xero pricing

Hidden costs associated with data management and integration

30-day free trial

The absence of integration with specialized tools, such as Craftybase, has led users to enter supply purchases and customer invoices manually

Available Pricing Models

How much does Xero cost?

You can explore Xero accounting software and its tools for small businesses, accountants, and bookkeepers with a 30-day free trial.

Starter

Good for sole traders, new businesses, and the self-employed.
The price is $29/month.

Standard

Accounting tools for the self-employed and growing businesses.
The price is $46/month.

Premium

Good for established businesses of all sizes.
The price is $62/month.

What users say about Xero pricing

Bonnie N.

Great Small Biz and Association software - Great Price.

Kathryn H.

Affordable professional level accounting software for small business

Verified Reviewer

Affordable and cost less for startups and small businesses.

Jennifer J.

Easy to use and implement and cost is very attractive.

Chris C.

I think the biggest con of the software is the price tag. Many of my clients have found this to be a stumbling block, saying that the monthly subscription fee is too high for their business. Other than the price, the only other con is the support is only via email (this is the last time I had an issue which was a few months ago). They do not have a support contact phone line (in Australia at least) - so response has to be via email (which may lead onto a call later if it cannot be resolved by email). Which takes longer to resolve the issues.

Bonnie N.

Great Small Biz and Association software - Great Price.

Jennifer J.

Easy to use and implement and cost is very attractive.

Kathryn H.

Affordable professional level accounting software for small business

Chris C.

Verified Reviewer

Affordable and cost less for startups and small businesses.

Xero Pricing Rating

Value for money: 4.6/5

While Xero offers a wide range of features, including invoicing, expense tracking, payroll, and reporting, some users feel that the pricing does not always match the value delivered, especially for businesses with simpler accounting needs.

Features: 4.8/5

While many users appreciate the extensive features offered by Xero, some feel that the advanced capabilities are not always necessary for their business operations

Market Comparisons: 3.5/5

Compared to other accounting software options, Xero’s pricing may not be as attractive for businesses looking for budget-friendly solutions. Many users have noted that competitors offer similar features at lower price points, which makes them reconsider their loyalty to Xero.

FAQ on Xero Pricing

How does Xero handle invoicing?

Xero allows users to create and send professional invoices, set up recurring billing, track payments, and send reminders for overdue invoices to ensure timely payments.

Can Xero integrate with other software?

Yes, Xero integrates with a wide range of third-party applications, such as payment processors, CRM systems, e-commerce platforms, and inventory management tools, enhancing its functionality.

What kind of reporting capabilities does Xero provide?

Xero offers customizable reporting tools, allowing users to generate financial statements, cash flow reports, and other insights to help with strategic decision-making.

How does Xero ensure data security?

Xero employs strong security measures, including encryption, secure data centers, and regular security updates, to protect sensitive financial information.