Xero

What is Xero?

Xero is a cloud-based accounting platform headquartered in New Zealand that has grown into a major global competitor to QuickBooks. Known for its clean interface and strong collaboration features, Xero is particularly popular with accountants and bookkeepers who manage multiple small business clients.

Key Features

• Unlimited users on all plans — a major advantage over competitors
• Bank reconciliation with automatic matching and smart rules
• Invoicing with professional templates, online payment links, and automated reminders
• Project tracking with time-based billing and expense allocation
• Multi-currency accounting with automatic exchange rate updates
• 1,000+ app integrations through the Xero App Store
• Hubdoc document collection and data extraction included free
• Xero Analytics with interactive financial dashboards

Pricing

Xero offers three plans: Starter ($15/month for 20 invoices), Standard ($42/month for unlimited invoices), and Premium ($78/month with multi-currency). New users often get discounts for the first few months. All plans include unlimited users.