Xero
Cloud accounting built for accountants, bookkeepers, and their small-business clients.
Overview
With the highest market share of any accounting platform in the UK, Australia, and New Zealand, and over 1,000 connected apps, Xero covers bank feeds, automated reconciliation suggestions, invoicing, bill tracking, payroll connections, and financial reporting for accountants and small-business owners.
Xero Practice Manager and Xero HQ give accounting firms a single dashboard for reviewing client file status, tracking jobs, and messaging clients.
Xero works with over 1,000 apps through its App Marketplace, including Stripe, PayPal, Shopify, Dext, HubSpot, and Zapier. Multi-currency support covers more than 160 currencies on the Premium plan. Bank feeds connect to thousands of financial institutions globally.
The daily workflow for most firms centres on the bank reconciliation screen. Xero pulls transactions from connected bank feeds, suggests matches against outstanding invoices or previous coding patterns, and the accountant confirms or recodes each line. For a client with steady recurring transactions, the bulk of the weekly bookkeeping can be done in minutes rather than hours.
Xero is the default choice for firms whose clients are based in the UK, Australia, or New Zealand, where the app ecosystem and payroll connections are deepest. US firms with clients already on QuickBooks Online rarely gain enough from switching to justify the migration effort and the retraining.
Pricing is per client entity. Early runs $25 per month with invoice and bill limits; Growing is $55 per month with unlimited invoices and bills; Premium at $90 per month adds multi-currency. A 30-day free trial is available; there is no permanent free tier.
See it in action
Product images courtesy of Xero.
Key facts
- Starting price
- $25 per month
- Pricing model
- Per entity
- Free trial
- Yes
- Free tier
- No
- Deployment
- Cloud, Mobile
- Geography
- US, UK, AU, CA, Global
- Founded
- 2006
- Support
- Email, Chat, Knowledge Base, Community Forum, 24/7
- Languages
- English
- Works with
- Stripe, Paypal, Shopify, Hubspot, Salesforce, Zapier, Gmail, Outlook, Excel, Google Drive
- Last verified
- 2026-05-04
Pros and Cons
Pros
- Practices in the UK, Australia, or New Zealand whose clients run on Xero by default.
- Firms that want a clean accountant dashboard (Xero HQ and Practice Manager) for managing multiple client files.
- Clients with multi-currency operations across more than 160 currencies on the Premium plan.
Cons
- US firms whose clients are already on QuickBooks Online. Switching costs rarely pay back.
- Solo traders with very simple books. Wave or Zoho Books cover that need at a free tier.
- Mid-market clients that have outgrown SMB ledger depth. Sage Intacct or NetSuite suit them better.
Pricing
| Tier | Price | Billing | Features |
|---|---|---|---|
| Early | $25 | Per month | 20 invoices, 5 bills, bank reconciliation, and basic reporting. |
| Growing | $55 | Per month | Unlimited invoices and bills, bulk reconciliation, and reporting. |
| Premium | $90 | Per month | Everything in Growing plus multi-currency support across 160-plus currencies. |
Frequently asked questions
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Alternatives to Xero
Other AI tools in the Core ledger and bookkeeping category.
Last verified 2026-05-04. Pricing and features come from vendor-published specs. See our methodology.