Transactions initiated by app partners may automatically contribute to your invoice limit. Hubdoc is included in Xero Early, Growing and Established plans as long as it’s connected to your Xero subscription. Your use of the Xero services is subject to the Xero Terms of Use and your use of the Hubdoc services is subject to the Hubdoc Terms of Use. †Invoice limits for the Starter plan apply to both approving and sending invoices.

This feature is available on all pricing plans; which I appreciate since some accounting software charges extra for mobile receipt capture. Employees can submit a reimbursement request as soon as their receipts are uploaded, and the business owner can track expenses totals by category as they are submitted (Figure C). Xero offers the option to add full service payroll support from Gusto to any plan. This Gusto-Zero integration starts at $40 per month plus $6 per employee. If you are looking for payroll software in addition to accounting software, be sure to check out our guide to the best payroll software for 2024.

Reconcile bank transactions

If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support. By providing feedback on how we can improve, you can earn gift cards and get early access to new features. Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us to improve the way we help small businesses. Use Gusto payroll to calculate pay and deductions, pay employees, simplify compliance, and update the Xero accounts.

Plans to suit your business

This is ideal for growing businesses that don’t want to waste time on technical issues. However, they were not as comprehensive as what we found in our review of QuickBooks Online. Phone support is not available immediately; you must contact customer service first via email or live chat. However, the upside is that Xero does not leave users hanging with long wait times. Instead, the company will call you back at a time convenient for you. 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.

Wave Accounting

Additionally, Xero offers a 30-day free trial, so you and your employees can test the software before you buy it. Not every accounting software provider offers a free trial, so we appreciate this feature. Unlike many other accounting applications, Xero does not base its pricing on the number of individuals who need access. In our view, this is one of Xero’s key differentiating factors, making it a great choice for growing businesses that are rapidly adding new employees. When testing the software, we found Xero easy to navigate, with an intuitive and user-friendly interface. 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.

1. Because its pricing plans are not based on employee numbers, Xero can easily accommodate various development stages and the changing small business accounting needs accompanying business growth.
2. In this Xero accounting software review, we’ll break down the pros and cons to help you figure out whether Xero is the right accounting tool for your needs.
3. During our software demo, we found that Xero’s reporting features can help you make sense of the data analytics at your disposal.

In addition to reaching out for live help, you can access valuable online support resources, including videos, a blog, podcasts, small business guides and training courses. Xero recently small business tax tip: depreciation can save you money streamlined the ability to search for help while using the software, so you don’t have to leave the site. Read our 2024 Xero review to find out if it’s the right solution for your business. All pricing plans are in ZAR including VAT and cover the accounting essentials, with room to grow. We really liked Xero’s unique History & Notes feature, which presents an activity report at the bottom of every transaction screen. For example, you can see if the invoice was copied from a quote, who created and approved it, and when they created and approved it.

This screen also shows automatic payment reminder information, such as the relevant email address and the date and time. One cool new Xero feature is its beefed-up Inventory Plus management system. This system allows you to manage inventory across multiple locations and channels.

Join the thousands of people like you already growing their businesses and knowledge with our team of experts. We deliver timely updates, interesting insights, and exclusive promos to your inbox. We have financial relationships with some companies we cover, earning commissions when readers purchase from our partners or share information about their needs. Our editorial team independently evaluates and recommends products and services based on their research and expertise. FreshBooks charges $17 per month and QuickBooks charges $30 per month). However, the best option and price point will depend on the specific capabilities and features you are temporary accounts looking for.

These reports help small business owners identify areas for improvement how to calculate interest expense and make evidence-based decisions in real time. Xero doesn’t offer as many pre-built reports compared to Xero alternatives such as QuickBooks. FreshBooks is another one of our favorites for small businesses — especially freelancers. It has unlimited customizable invoices, a client portal, built-in project and time tracking and a highly rated mobile app.