Pricing Plans

Dig into details on features, integrations, implementation services, and pricing models across your shortlist. Most accounting software uses monthly/annual subscriptions based on several users and modules. During our software testing, we found that Xero is ideal for business owners without much accounting knowledge. For these reasons and more, Xero is our pick for the best accounting software for growing businesses. Xero is our pick for the best accounting software for growing companies. We recommend Xero for companies that are rapidly adding employees and don’t want to worry about the number of people at the organization using the product.

However, if reliable online support meets your needs, Xero is a strong alternative. In terms of user experience, our researchers much preferred it to Xero. Added to this, it has cheaper paid plans, and an overall shallower learning curve. FreshBooks also offers automatic payment reminders, but you can only customize these reminders with dynamic fields on its Premium plan ($65 per month).

Xero Security Safeguards

This plan effectively supports financial management processes without the constraints of the Early plan. However, it does lack multi-currency support and advanced reporting features. We researched and analyzed dozens of the best accounting and invoicing software solutions to help small businesses choose the right accounting software for their needs. Our information sources included the company’s website and software demos. Additionally, we studied user reviews for independent opinions on the software’s pros and cons.

Unlike standard subscription pricing, B2B deals often involve enterprise pricing structures tailored to the needs of larger organizations. Leverage data analytics to track customer behavior, optimize pricing structures, and identify opportunities for adjustments. Start by analyzing your customers needs, what features matter most, how they use your product, and their willingness to pay.

What additional costs should I anticipate with Xero?

The package also includes products for payroll, CRM, human resource management, time tracking, and other uses. Once you sign up, Xero provides several guided tutorials to acquaint you with its tools, such as connecting your business bank account, adding customers and creating invoices. Many pages within the app have how-to videos and links to a step-by-step guide, which is great for business owners who aren’t very tech-savvy. One cool feature is that Xero lets you schedule recurring invoices (or “repeating invoices”) by setting the send date, frequency and end date. Automatic payment reminders encourage customers to pay on time, saving you from following up and dealing with unpaid invoices. I found it easy to monitor project costs, track time, and manage budgets.

Stay informed on the top business tech stories with Tech.co’s weekly highlights reel. FreshBooks, meanwhile, has a slick dashboard that our researchers found preferable to the Xero interface. In this section, I’ll take you through a head-to-head look at how Xero and FreshBooks compare on features. You can use the links below to navigate to the section that you’re interested in. By combining expert negotiation strategies with AI-powered analytics, Spendflo helps you get the best value cost for Xero. Contact Spendflo today for a customized assessment of your savings potential.

When looking for the best accounting software for growing businesses specifically, we focused on pricing tiers, the number of integrations, and the breadth of features and tools. Xero’s pricing varies based on the plan selected and the number of users. The basic plan typically starts around $5,000 annually for small businesses. Depending on the number of users and required features, Xero’s pricing can scale up to $20,000 per year or more for larger companies with more extensive accounting needs. Additional costs may apply for advanced reporting tools, premium add-ons, or custom solutions, affecting final pricing.

Reconcile bank transactions

Conversely, Xero tends to adopt a more simplified approach to some accounting functions, which can be advantageous for users who do not require complex accounting solutions. For small businesses that need room to grow, Xero is usually the better fit. It offers more advanced features like project tracking, integrated payroll (in some regions), and unlimited users. Sage, on the other hand, works well for businesses with simpler needs or tighter budgets.

Why We Chose Xero as the Best for Growing Businesses

• I’ve found this combo of automation and payment integration especially helpful for improving cash flow, and it’s a key reason I lean toward Xero in my Xero vs Sage comparison.
• On the other hand, Xero typically uses a subscription-based model with fewer tiers, often focusing on providing unlimited user access across its plans.
• This article compares QuickBooks and Xero, focusing on their key features, pricing structures, user interfaces, and integration capabilities.
• Support options include online resources, community forums, and direct contact with Xero’s support team.
• A complete overview of Xero pricing tiers, additional costs, value for money, and how to pick the right plan for you.

With real-time currency conversion at mid-market rates, businesses can avoid hidden fees and unfavorable exchange rates, ensuring transparent and cost-effective global transactions. A strong multi-currency strategy makes it easier to scale internationally while keeping payment processes seamless and efficient. Additionally, Xero excels in its integrations with various third-party applications. Its Project Tracker uses Analysis Codes to track performance across divisions, locations, or jobs, which is helpful for high-level comparisons. But it doesn’t offer the same granularity as Xero — no labor tracking, no real-time costing. For businesses comparing Sage vs Xero, Sage works if you just need to segment reports, but not if you’re tracking project-level profit.

• It’s an invaluable feature for making informed business decisions and planning for the future.
• We’re committed to the security of your data and provide multiple layers of protection for the personal and financial information you trust to Xero.
• Unlike many competitors, Xero’s pricing and plans are based on features instead of user numbers.
• Growing businesses need data presented in an easily digestible manner so business owners can act on the insights.
• The ability to compare actuals to estimates is especially useful when you’re managing budgets closely.

However, compared to competitors we reviewed, Xero excels at presenting information in an easy-to-understand way. For example, Xero’s cash flow bar chart displays cash going out of the company as a gray line and cash coming in as a blue line. A business owner trying to maintain positive cash flow would look for the blue line to remain above the gray line (see the screenshot below for an example). When testing the software, we found Xero easy to navigate, with an intuitive and user-friendly interface.

Hubdoc is included in Xero Ignite, Grow, Comprehensive and Ultimate plans as long as it’s connected to your Xero subscription. In summary, QuickBooks targets established businesses with complex requirements, while Xero is designed for flexible, growing firms that value ease of use. If you’re weighing Xero vs Sage for inventory management, Xero is solid for simple needs — Sage is the better fit when inventory is core to your workflow. You can build estimates, track labor and materials, and see how each project is performing in real time.

Xero, on the other hand, won’t allow you to call a rep. To request assistance, you’ll have to raise a ticket on the Xero website, which is quite an unintuitive experience. You will be able to provide your number for Xero to contact you, but it’s frustrating that this doesn’t happen on your terms. With analytics, you’ll get detailed cashflow predictions up to 90 days ahead, with the help of AI.

Xero will undoubtedly give your everyday operations a shot in the arm. FreshBooks, by contrast, offers far fewer integration options, meaning that it’s ultimately a lot less scalable than Xero. With its excellent expense management and billing features, Xero can handle the needs of businesses with high turnovers, who may find Freshbooks a little limiting. Additionally, Xero boasts a massive library of available third-party integrations, which means you can add new capabilities whenever you see fit. Except for a few minor inconveniences, we were impressed with Xero’s invoicing capabilities. Everything is done in the cloud, meaning you can edit invoices without the hassle of resending them to customers.

Security safeguards are included across all tiers, ensuring data protection for all businesses. Overall, these features make Xero a balanced choice for companies seeking a reliable and feature-rich accounting solution at a low cost. Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. When evaluating the integration capabilities of QuickBooks and Xero, it’s essential to consider their respective ecosystems and target audiences.

Offering flexible pricing structures ensures that both small businesses and large enterprises can find a SaaS pricing strategy that fits their needs. Transparent business pricing builds trust and credibility, helping customers feel confident in their investment while making it easier to scale. However, too many options can lead to pricing xero confusion and decision fatigue, making it harder for customers to select the right plan.

Limits for Xero Projects and Xero Expenses are per active user, per month. Your use of the Xero services is subject to the Xero Terms of Use and Privacy Notice and your use of the Hubdoc services is subject to the Hubdoc Terms of Use. Understand the differences between payment gateways and processors and how to choose the right solution for your business.