NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software. Get access to all of Xero including add-ons like Xero Projects and Xero Expenses.

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Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy. For example, you can give all employees the ability to send quotes and invoices, allow some to enter expenses and limit who can see the company’s complete financial picture. To keep things organized, Xero logs every action users make and compiles the history of every transaction. Includes project tracking tools in most expensive plan; has transaction tracking tags; lacks industry-specific reports; users with multiple businesses must pay for separate subscriptions.

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A representative typically responds to a case within a few hours. Plans are affordable, starting at $13 per month, but no free plan. Includes tools that help automate the reconciliation process, along with a global search function; has a simple layout and a customizable dashboard. Get the most out of Xero with access to our team of onboarding specialists during your first 90 days.

How Xero works for your business type

An accountant or bookkeeper can be useful set of hands to help with the accounting heavy lifting. Cloud Integrators are software consultants who assist with the migration and set-up of apps, as well as training and support. Puzzle Solutions provide software implementations and advice for accountants and service professionals. There are sales journal entry several industry consultants who provide scalable resources and dedicated support, and I’ve listed some below. While this is not a comprehensive list, these consultants can do some of the heavy lifting for you and are not expensive. Access to support, tools and resources from the partner consulting team is free to Xero partners.

Xero includes extensive features that make it suitable to handle complex accounting processes for small- and medium-sized businesses as well as larger ones. The software makes it easy to pay bills, claim expenses, accept payments, track payroll for accountants intuit projects, manage contracts, store files and more. These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most.

1. Xero’s invoicing capabilities allow you to create and customize an invoice for clients and then accept credit card, debit card or bank transfer payments within the invoice itself.
2. 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.
3. Speaking to accountants and bookkeepers, they all say they have been run off their feet.
4. Easily sync your bank with your financials in Xero online accounting.

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It’s free with every subscription and compatible with iOS and Android. You can import data from another accounting system in bulk via CSV files once you’ve done the initial set up in Xero. For a smooth transition and best results, we recommend working with an accountant or bookkeeper, preferably one with Xero experience, when you make the move to Xero cloud accounting software. 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. The payment date depends on when you signed up to a pricing plan.

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. With Xero, you can add an unlimited number of users to your account at each subscription level. This is a notable feature for accounting software; often, lower-tier plans allow fewer users while only higher-tier plans allow unlimited users. Xero is a powerful online accounting software solution for small businesses. Run things smoothly, keep tidy online bookkeeping records, and make compliance a breeze.

For free invoicing platforms, consider Zoho Invoice, Square Invoices or PayPal Invoicing, although these platforms provide fewer capabilities. Collaborate with your peers, support your clients and boost your practice. As the industry standard, QuickBooks Online is ideal if you have a growing business with specific accounting best accounting software for nonprofits needs — as long as you don’t mind taking the time to learn the program’s ins and outs. We believe everyone should be able to make financial decisions with confidence. See all your invoices, contacts, balances, financial information and accounts online. All pricing plans cover the accounting essentials, with room to grow.

That includes the chart of accounts, invoices, bills, contacts and fixed assets. We recommend working with an accountant or bookkeeper, preferably one with Xero experience, when you make the move to Xero online accounting software. The Xero Accounting mobile app works in tandem with the Xero accounting software so you can run your small business online from anywhere. Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow and bills to pay – plus reconcile bank accounts and convert quotes to invoices. Xero offers pricing plans to suit businesses of different sizes and stages.

They also provide and deliver business advisory and improvement services to their clients. Due to the ‘busyness’, it’s clear that accountants and bookkeepers would benefit from more external support. Xero may be harder to learn than a simpler invoicing platform like Square Invoices or Zoho Invoice. However, it’s generally considered easier than QuickBooks Online. NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives.