Xero is cloud accounting software for small businesses. It handles invoicing, bills, bank reconciliation, cash flow forecasting and financial reports, and works with your accountant online.
Xero lets you create online quotes and send digital purchase orders, and its inventory tools track stock levels and add the items you buy and sell to your invoices and orders. Each contact record pulls together the sales, invoices and payments for that customer or supplier. Xero’s online file storage is a place to keep and share your documents, contracts, bills and receipts. Sales tax can be automated through Avalara, and you can track fixed assets with your accountant.
Xero says its App Store has apps for industries such as retail, hospitality, construction, agriculture, automotive, field services and education. If you want help with your books, Xero’s advisor directory lets you search for Xero-certified accountants and bookkeepers by industry, location and accounting needs. Xero points out that your accountant or bookkeeper might provide support too, as part of the work they do for you. The Xero Accounting app lets you manage your business on the go.
The Xero App Store lists third-party apps that link straight to your Xero account, covering areas such as billing, expenses, CRM, document management, ecommerce and financing. Xero says every app in the store has been reviewed against a set of standards. Developers can build custom apps with Xero’s open API through the Xero Developer Center. For support, Xero Central offers online help and learning, and you can raise a case from any support article and ask Xero to contact you by phone if needed.
Early suits very small businesses, Growing removes the invoice limit and adds budgets, and Established adds deeper forecasting and benchmarking. Current prices are in the pricing box above.