Xero

Xero Logo
Xero Logo
Xero is a cloud-based accounting software company that helps small businesses manage their finances more efficiently. The company was founded in 2006 in New Zealand and has since expanded to serve customers in several countries, including Australia, the UK, and the US. Xero's software allows users to connect their bank accounts, manage invoices and expenses, track inventory, and generate financial reports.
Xero has become a leader in cloud accounting due to its user-friendly interface, automation features, and integration capabilities with other business tools. The company has a strong focus on innovation and providing excellent customer service, with a team of over 4,500 employees worldwide. Xero's mission is to make life easier for small business owners and help them thrive in the global economy.
Xero offers a range of features that help small businesses manage their finances efficiently. Some of the key features include:
  1. Invoicing: Once the job is completed, users have the ability to send professional invoices online through Xero's desktop or app, which includes useful features like automatic reminders and payment tracking.
  2. Bank Reconciliation: By utilizing suggested matches, the software enables users to categorize and reconcile their bank account transactions on a daily basis, ensuring their financial records remain current.
  3. Pay Bills: Users can ensure timely bill payments and gain a comprehensive understanding of accounts payable and cash flow.
  4. Expense Management: The software includes tools for managing spending and submitting or reimbursing expense claims.
  5. Bank Connections: Users can connect their bank to Xero and set up bank feeds, allowing transactions to flow securely straight into Xero each business day.
  6. Accept Payments: By connecting to payment gateways like Stripe and GoCardless, users can receive online payments and get paid up to two times faster.
  7. Project Tracking: The software comprises features that enable users to generate quotes, create invoices, and receive payments for their projects. Additionally, it offers project and job tracker software to monitor costs and profits.
  8. GST Returns: Xero calculates GST and speeds up preparing business activity statements, allowing users to submit their BAS to the ATO from Xero.
  9. Payroll: Users can pay staff and report payroll details to the ATO with online payroll software, which automates tax, pay and super calculations.
  10. Inventory Management: With inventory software integrated, the software enables users to monitor their stock levels and automatically populate orders and invoices with the items sold or purchased.
  11. Multi-currency Accounting: Users can easily make and receive payments in more than 160 currencies and can take advantage of instant currency conversions with the software.
  12. Purchase Orders: The software includes purchase order software that allows users to create and send purchase orders online, and keep track of orders and deliveries at every step.
  13. Reporting: Xero offers accurate accounting reports and collaboration with advisors online in real time.
  14. Accounting Dashboard: Users can track bank balances, invoices, bills, and more with the accounting dashboard.
  15. Fixed Asset Management: Xero makes it easy to track fixed assets and work with accountants to manage them, keeping books up to date.
Xero offers different pricing plans to suit the needs of small businesses. Here are the details of each pricing plan:
  1. Starter Plan: This plan costs $29 AUD per month and includes features such as invoicing (up to 20 invoices per month), bank reconciliation, and payroll for one person. Users can also capture bills and receipts with Hubdoc, use multiple currencies, and automate superannuation. Optional add-ons such as expense claims and project tracking are available for an additional fee.
  2. Standard Plan: This plan costs $59 AUD per month and includes all the features of the Starter plan, with the addition of bill entry, payroll for up to two people, and bulk reconciliation of transactions. Users can also capture bills and receipts with Hubdoc, use multiple currencies, and automate superannuation. Optional add-ons such as expense claims and project tracking are available for an additional fee.
  3. Premium 5 Plan: This plan costs $76 AUD per month and includes all the features of the Standard plan, with the addition of payroll for up to five people. Users can also capture bills and receipts with Hubdoc, use multiple currencies, and automate superannuation. Optional add-ons such as expense claims and project tracking are available for an additional fee.
  4. Payroll-only Plan: This plan allows businesses to pay 1 to 4 employees and comply with Single Touch Payroll. Prices start from $10 AUD per month.
  5. Ultimate 10 Plan: This plan costs $110 AUD per month and includes all the features of the Premium 5 plan, with the addition of payroll for up to ten people, expenses for up to five people, and projects for up to five people. Users can also access advanced insights with Analytics Plus.
All plans come with 24/7 online support and the ability to cancel with one month's notice. Xero also offers optional add-ons such as expense claims and project tracking for an additional fee. Prices are subject to change at any time, and all prices listed include GST.
Xero can be used in outsourcing and for virtual assistants or virtual property accountants to manage financial tasks remotely. The software's cloud-based platform allows users to access financial data from anywhere with an internet connection, making it easy to collaborate with remote teams or contractors. Virtual assistants can use Xero to manage invoices, expenses, and bank transactions, as well as track inventory and generate financial reports. Xero's automation features, such as bank reconciliation and expense management tools, can save time and reduce the risk of errors in financial management.
Furthermore, Xero's accounting feature for multiple currencies enables users to make and receive payments in more than 160 currencies, which can be particularly useful for businesses that operate internationally or work with international clients. Xero's payroll software can also be useful for outsourcing payroll tasks to remote teams or contractors.
In conclusion, Xero's user-friendly interface, automation features, and integration capabilities make it a valuable tool for outsourcing and virtual assistants. The software's cloud-based platform allows for easy remote collaboration and financial management, making it a popular choice for small businesses seeking to improve efficiency and streamline financial tasks.

About Xero

Xero is a cloud-based accounting software company that helps small businesses manage their finances more efficiently. The company was founded in 2006 in New Zealand and has since expanded to serve customers in several countries, including Australia, the UK, and the US. Xero’s software allows users to connect their bank accounts, manage invoices and expenses, track inventory, and generate financial reports.
Xero has become a leader in cloud accounting due to its user-friendly interface, automation features, and integration capabilities with other business tools. The company has a strong focus on innovation and providing excellent customer service, with a team of over 4,500 employees worldwide. Xero’s mission is to make life easier for small business owners and help them thrive in the global economy.

Xero Features

Xero offers a range of features that help small businesses manage their finances efficiently. Some of the key features include:
  1. Invoicing: Once the job is completed, users have the ability to send professional invoices online through Xero’s desktop or app, which includes useful features like automatic reminders and payment tracking.
  2. Bank Reconciliation: By utilizing suggested matches, the software enables users to categorize and reconcile their bank account transactions on a daily basis, ensuring their financial records remain current.
  3. Pay Bills: Users can ensure timely bill payments and gain a comprehensive understanding of accounts payable and cash flow.
  4. Expense Management: The software includes tools for managing spending and submitting or reimbursing expense claims.
  5. Bank Connections: Users can connect their bank to Xero and set up bank feeds, allowing transactions to flow securely straight into Xero each business day.
  6. Accept Payments: By connecting to payment gateways like Stripe and GoCardless, users can receive online payments and get paid up to two times faster.
  7. Project Tracking: The software comprises features that enable users to generate quotes, create invoices, and receive payments for their projects. Additionally, it offers project and job tracker software to monitor costs and profits.
  8. GST Returns: Xero calculates GST and speeds up preparing business activity statements, allowing users to submit their BAS to the ATO from Xero.
  9. Payroll: Users can pay staff and report payroll details to the ATO with online payroll software, which automates tax, pay and super calculations.
  10. Inventory Management: With inventory software integrated, the software enables users to monitor their stock levels and automatically populate orders and invoices with the items sold or purchased.
  11. Multi-currency Accounting: Users can easily make and receive payments in more than 160 currencies and can take advantage of instant currency conversions with the software.
  12. Purchase Orders: The software includes purchase order software that allows users to create and send purchase orders online, and keep track of orders and deliveries at every step.
  13. Reporting: Xero offers accurate accounting reports and collaboration with advisors online in real time.
  14. Accounting Dashboard: Users can track bank balances, invoices, bills, and more with the accounting dashboard.
  15. Fixed Asset Management: Xero makes it easy to track fixed assets and work with accountants to manage them, keeping books up to date.

Xero Pricing

Xero offers different pricing plans to suit the needs of small businesses. Here are the details of each pricing plan:
  1. Starter Plan: This plan costs $29 AUD per month and includes features such as invoicing (up to 20 invoices per month), bank reconciliation, and payroll for one person. Users can also capture bills and receipts with Hubdoc, use multiple currencies, and automate superannuation. Optional add-ons such as expense claims and project tracking are available for an additional fee.
  2. Standard Plan: This plan costs $59 AUD per month and includes all the features of the Starter plan, with the addition of bill entry, payroll for up to two people, and bulk reconciliation of transactions. Users can also capture bills and receipts with Hubdoc, use multiple currencies, and automate superannuation. Optional add-ons such as expense claims and project tracking are available for an additional fee.
  3. Premium 5 Plan: This plan costs $76 AUD per month and includes all the features of the Standard plan, with the addition of payroll for up to five people. Users can also capture bills and receipts with Hubdoc, use multiple currencies, and automate superannuation. Optional add-ons such as expense claims and project tracking are available for an additional fee.
  4. Payroll-only Plan: This plan allows businesses to pay 1 to 4 employees and comply with Single Touch Payroll. Prices start from $10 AUD per month.
  5. Ultimate 10 Plan: This plan costs $110 AUD per month and includes all the features of the Premium 5 plan, with the addition of payroll for up to ten people, expenses for up to five people, and projects for up to five people. Users can also access advanced insights with Analytics Plus.
All plans come with 24/7 online support and the ability to cancel with one month’s notice. Xero also offers optional add-ons such as expense claims and project tracking for an additional fee. Prices are subject to change at any time, and all prices listed include GST.

Xero for Outsourcing and Virtual Assistants?

Xero can be used in outsourcing and for virtual assistants or virtual property accountants to manage financial tasks remotely. The software’s cloud-based platform allows users to access financial data from anywhere with an internet connection, making it easy to collaborate with remote teams or contractors. Virtual assistants can use Xero to manage invoices, expenses, and bank transactions, as well as track inventory and generate financial reports. Xero’s automation features, such as bank reconciliation and expense management tools, can save time and reduce the risk of errors in financial management.
Furthermore, Xero’s accounting feature for multiple currencies enables users to make and receive payments in more than 160 currencies, which can be particularly useful for businesses that operate internationally or work with international clients. Xero’s payroll software can also be useful for outsourcing payroll tasks to remote teams or contractors.
In conclusion, Xero’s user-friendly interface, automation features, and integration capabilities make it a valuable tool for outsourcing and virtual assistants. The software’s cloud-based platform allows for easy remote collaboration and financial management, making it a popular choice for small businesses seeking to improve efficiency and streamline financial tasks.

Xero Reviews

Xero Reviews

Daniel C.
Daniel C.
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In my opinion, one of the best features of Xero is its intuitive user interface. The software is easy to navigate, and it makes it simple to manage all of your financial transactions in one place.

Another great feature of Xero is its ability to integrate with a wide range of third-party applications. This allows you to connect Xero to other tools you use in your business, such as your CRM, inventory management, and e-commerce platforms. This makes it easy to manage all aspects of your business from one central location.

One of the most valuable features of Xero for me is its real-time reporting capabilities. Xero allows you to track your financial performance in real-time, which means you can make informed business decisions quickly and easily. The software also offers a wide range of customizable reports, so you can get the information you need in a format that is easy to understand.

Another standout feature of Xero is its strong security measures. The software uses multiple layers of security to protect your financial data, and it is regularly audited to ensure that it is always up-to-date with the latest security standards.

Overall, Xero is an excellent choice for businesses looking to streamline their financial processes and make better-informed decisions. Its user-friendly interface, integration capabilities, real-time reporting, and strong security measures make it a valuable tool for managing your business finances.

Charles R.
Charles R.
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It does everything you need an accountancy program to do and more, it's easy to use as you start automating processes, so reconciliation eventually becomes a few clicks.

They are also at the right price point, as you only pay for what you need, you can add on extras, but you aren't paying for what you don't need, I do think that the pricing is just at the right point, if they increased the charges any further and we may feel differently.

They also listen to feedback with one exception (the need to see a stock line with no stock, we have some products made to order, and this is sadly not an issue they are going to fix), but in every respect, they do act on feedback, they have their group on C Space designed to test new ideas and fix issues, and it's a great community.

Susrutha M.
Susrutha M.
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Xero has a user-friendly interaction and provides a tutorial for each segment and. also; we can create a demo company for trial-and-error checks for accounting. I personally like the bank rules in bank reconciliation segment.
Kendrs G.
Kendrs G.
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I like how other systems can easily integrate other software can integrate into Xero. It matches transactions, so it is easy to reconcile at the end of the month.
Angie M.
Angie M.
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Xero is extremely easy to use and has fantastic integration capabilities for business owners.

In addition, the app allows individuals to sort their finances easily.

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