We deliver timely updates, interesting insights, and exclusive promos to understanding a balance sheet definition and examples your inbox. Use Xero to work with your employees, bookkeeper, or accountant online, even if you’re on opposite sides of the world. Invite your advisor to work with you on the online accounts anywhere, anytime. 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. Find out more about Xero’s commitments to data protection and data security.

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It offers tons of automations to save your business time, such as automatic sales tax lookup, group invoicing, and default email templates. Plus, Xero market fair value supports unlimited users at no additional cost — a rarity in the accounting software world. You can import data from other accounting software in bulk via CSV files once you’ve done some initial set up in Xero.

With an overall score of 4/5 in this review, Xero is a good solution for mid-to-large-sized businesses in need of strong accounting features and multiple users. Take advantage of Xero’s free trial to see if this accounting solution is right for you. If you’re still on the fence, check out our picks for the best small business accounting software to compare your options. Xero is powerful online accounting software for US small businesses. Manage your cash flow, track expenses, accept payments online, and much more – all without leaving Xero. Xero is cloud-based accounting software that has given QuickBooks a run for its money since 2006.

Make Xero your own by connecting other apps to the cost allocation in cost accounting Xero accounting software. You’ll receive your invoice at the end of your monthly billing period. With online invoice payments through Stripe and GoCardless, you can accept payments by card or direct debit. Manage your finances, control cash flow and integrate with apps. Use Xero accounting software to hop online with your employees, bookkeeper, or accountant – even if you’re on opposite sides of the world. Xero’s bank feed securely imports your transactions into the Xero accounting software each business day.

1. Apps like Stripe, GoCardless, Vend, and Shopify connect seamlessly and sync your data with Xero to make it easier to run your business.
2. Make Xero your own by connecting other apps to the Xero accounting software.
3. Get to know your finances with accurate, daily figures when you’re accounting online with Xero.
4. Xero’s cloud accounting software has features and tools to help you run your small business, so you can spend more time doing what you love.
5. There are no annual contracts, so you can cancel your subscription at any time (although you must give a 30-day notice of your cancellation).

Plans to suit your business

While the software is well-organized, it does have a steep learning curve (not as steep as QuickBooks, but it is more difficult to learn than other cloud-based options). It takes quite a while to explore all of the features it has to offer, but once you get acquainted with the software, Xero is fairly easy to use. Getting started is the most difficult part, and it’s this learning curve that lowered our ease of use rating to 3.8/5. Unlike some of its competitors, there are very few add-ons.

See how Xero works for your business

Each plan still offers unlimited users and live bank feeds, so businesses can download, categorize, and reconcile their transactions as usual. Get access to all of Xero including features like expenses and projects. Use the demo company to try things out, or enter your own business details and data to try it out for real. Anything you enter will be retained when you transfer from a free trial to a subscription. Access all Xero features for 30 days, then decide which plan best suits your business.

Get customer support

The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. Give your team access to Xero’s software and invite your advisor to collaborate.