Planday
planday.comEmployee scheduling software for shift-based businesses.
Xero details
Everything you need to know about Xero
What is Xero?
Xero is an easy-to-use, cloud-based accounting software for small businesses and their advisors. It brings all financial information into one powerful platform, automating routine tasks like bank reconciliation, invoicing, and bill payments. Xero is known for its robust double-entry accounting model and strong reporting capabilities, making it a favorite among accountants and bookkeepers. It includes features for expense claims, inventory tracking, and multi-currency accounting on premium plans.
What are the key features of Xero?
- Bank Reconciliation: Automated matching of bank transactions to invoices and bills, with strong rules for classification.
- Invoicing & Billing: Create, send, and manage invoices and bills, with unlimited numbers on most plans.
- Inventory & Reporting: Track inventory, manage projects, and generate comprehensive financial reports (P&L, balance sheets, etc.).
- Multi-Currency & Payroll: Support for multiple currencies (Premium plan) and payroll (in select regions like the US, UK, AU, NZ).
- Unlimited Users: All plans allow unlimited users, such as business owners, bookkeepers, and accountants, at no extra cost.
What is Xero used for?
Managing a small business's day-to-day bookkeeping and accounting. Collaborating with an accountant or bookkeeper seamlessly. Handling international business with multi-currency support.
Platforms supported by Xero
Web
iOS
Android
Tags
Accounting
Bookkeeping
Small Business Finance
Xero pricing
No free plan, but offers a 30-day free trial. Paid plans: Starter ($29/mo, with transaction limits), Standard ($46/mo, unlimited transactions), and Premium ($69/mo, adds multi-currency and payroll). All plans include unlimited users.
Who is Xero for?
Small to medium-sized businesses and their accountants who need a powerful, comprehensive, and collaborative accounting solution.
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