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The new plans are available from 1 July 2024 and Payroll Only, Starter, Standard and Premium plans will no longer be sold. For most customers, Xero’s direct bank feeds are available at no additional cost. Some UK banks charge fees for bank feeds, that we will pass on to you. In addition to reaching out for live help, you can access valuable online support resources, including videos, a blog, podcasts, small business guides and training courses.

Xero vs. Sage: At a Glance

Despite a few shortcomings, we rated Xero 4.7/5 for its customer support. If you use the Established plan, you can track billable time to add to projects. View the money coming in and out of your small business from the accounting app dashboard. †Invoice limits for the Ignite plan impairment definition apply to both approving and sending invoices. Transactions initiated by app partners may automatically contribute to your invoice limit. With more small businesses now using digital tools to run their business, many are looking for ways to become more efficient as they grow.

1. Wave is a solid choice for small businesses looking for free accounting software.
2. With daily bank feeds available you can reconcile your bank transactions regularly so you know where your business stands.
3. Xero is a robust accounting solution with sophisticated accounting features, ample reports, 800+ integrations, and unlimited users.
4. Many business owners with a growth mindset prefer choosing an accounting software solution and sticking with it over the long haul.
5. 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.

Try accounting software for everyday business

One big drawback of Xero is that it doesn’t have a dedicated customer service phone number. If you want to talk to a human being, you have to submit a ticket and request a callback. However, Xero does offer 24/7 online support—a rarity in the accounting software single payment car lease explained field. You can also browse the Xero Central support database for articles and guides on your issues. When rating accounting and invoicing software, we use a 47-point rubric that looks at pricing, ease of use, features, customer service, and user reviews.

Looking for more options?

As a small business owner, you might be concerned about a cloud service provider storing your sensitive financial data online. But rest assured –  the cloud is one of the most secure ways to store information. Xero has also been geared towards cloud-based functionality from the start, and security comes standard. Through customizable dashboards and detailed reports, users can monitor key performance indicators at a glance, identify trends, and make smart, data-driven decisions.

The Benefits of Outsourcing Financial Management to OCFO

Use the accounting app to keep track of due and overdue invoices and whether they’ve been paid. †Xero customers who use online invoice payments get paid up to twice as fast than those who don’t use online invoice payments. I’m particularly passionate about supporting small businesses to use more technology, and the right technology, to help them build a resilient business.

Why Is Cash Flow Important To A Small Business?

The payroll overview is a comprehensive guide to take you through each step of the setup. By providing feedback on how we can improve, you can earn gift cards and get early access to new features. Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us to improve the way we help small businesses. The Xero Accounting app is included as part of your Xero subscription and free to download. Zoho Books’ paid plans all come with free live chat and phone support.

Hubdoc is included in Xero Starter, Standard, Premium and Ultimate plans as long as it’s connected to your Xero subscription. All pricing plans are in GBP excluding VAT and cover the accounting essentials, with room to grow. As a business, we need to generate revenue to sustain our content. We have financial relationships with some companies we cover, earning commissions when readers purchase from our partners or share information about their needs.

This ensures that you and your team can stay connected and collaborate seamlessly, whether in the office, on the go, or working remotely. Every business owner dreams of this – smooth sailing through financial waters, where transactions flow seamlessly, numbers add up perfectly, and reports are a breeze. Because when your financial processes run like a well-oiled machine, you can concentrate on what you do best – growing your business and leading from the front. We’ll walk you through the key features and add-ons that will allow you to harness the true power of Xero for all your financial management needs.

With a clear picture of your cash comes the ability to make better business decisions and avoid falling behind on outstanding payments. There is limited tax support, limited invoice templates, no built-in payroll, and a steep learning curve. Multiple pricing increases over the years have driven up the cost of the software, and customer support isn’t the best.

Traditional financial management processes often involve fragmented information and siloed decision-making, hindering the ability to respond quickly and strategically. However, by combining the power of Xero Accounting with the expertise of our consultants at Outsourced CFO,  you can stay ahead of the gross profit vs net profit curve and address issues as they arise. When using Xero, two users simply need access rights to the same system using their unique passwords in order to work together. If you also need to share financial information with an accountant or possible investor, you can easily grant access temporarily.

Our information sources included the company’s website and software demos. Additionally, we studied user reviews for independent opinions on the software’s pros and cons. When looking for the best accounting software for growing businesses specifically, we focused on pricing tiers, the number of integrations, and the breadth of features and tools. The Xero Accounting app is an additional way for your small business to access key features of Xero.