Small businesses, accountants and bookkeepers locally and across the world trust Xero with their numbers. Accounting online with Xero will protect your data through multiple layers of security, such as encryption. Get to know your finances with accurate, daily figures when you’re accounting online with Xero. Given that there are several invoicing software on differential cost in accounting the market, it’s worth putting in some time to research your options before choosing one for your business. You can enter data manually, import data, or use one of the services that can converts the data from your old accounting system to Xero. If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support.
Security is a priority for Xero, as we know it is for you, so it’s also important you also take steps to safeguard your data. Log in anytime, from anywhere, to send invoices, pay bills, and manage your cash flow. Xero’s bank feed securely imports your transactions into the Xero accounting software each business day. If your bank doesn’t already have a connection, you can import PDF statements. Access all Xero features for 30 days, then decide which plan best suits your business.
Then again, QuickBooks requires user limits for each plan while Xero doesn’t. We compared the two options in terms of their key features, pricing and customer service to help you decide which is right for your business. Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. Xero may be harder to learn than a simpler invoicing platform like Square Invoices or Zoho Invoice.
See how Xero works for your business
- All three of these offer the ability to scale their accounting for larger businesses and both Xero and QuickBooks offer specific training for accountants.
- It has unlimited customizable invoices, a client portal, built-in project and time tracking and a highly rated mobile app.
- 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.
- Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow, and bills to pay.
Each month, Xero sends you a link to your subscription invoice with easy ways to pay for your accounting software. You can pay it using Visa or Mastercard debit or credit cards, or by direct debit. You can upgrade or downgrade your plan or cancel your subscription at any time with one month’s notice. With your accounting software and data stored in the cloud, you can access your up-to-date accounts anywhere there’s an internet connection. You can receive automated bank feeds into your accounting software and connect to other business apps for greater efficiency. You can also collaborate with other people, like accountants and bookkeepers, by giving them access to view and share your figures.
What is better: QuickBooks or Xero?
These reports help small business owners identify areas for improvement and make evidence-based decisions in real time. Xero doesn’t offer as many pre-built reports compared to Xero alternatives such as QuickBooks. 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.
Wave Accounting
Xero’s online accounting software is designed to make life easier for small businesses – anywhere, any time. All pricing plans cover the accounting essentials, with room to grow. However, Wave’s features are more limited than many competitors in order to keep the price low, so it may not suffice for growing businesses. With online invoice payments through Stripe and GoCardless, you can accept payments by card or direct debit. Xero provides multiple layers of protection for the personal and financial information you entrust to Xero accounting software.
Try accounting software for everyday business
This can be helpful if your company is growing fast, or you simply want the reassurance that there’s no limit to how many people can be part of the team. Business owners, freelancers and entrepreneurs often spend a large chunk of time on administration and accounting. Suited for small- and medium-sized businesses (SMBs), Xero is an affordable cloud-based accounting software system that streamlines these processes with plans starting at $13 per month.
Give your team access to Xero’s software and invite your advisor to collaborate.