QuickBooks offers over 750 integrations, including platforms such as Dext, BILL, Expensify, Mailchimp and PayPal. The Established plan is Xero’s most comprehensive offering and is designed for businesses with advanced operational needs. It includes all the benefits of the Growing plan and adds powerful tools such as support for multiple currencies, expense management, and time xero software tracking. These features are indispensable for companies with international clients, remote teams, or multiple departments that need to track expenditures and allocate costs precisely. Xero is an accounting application with an easy-to-use user interface.

Track your inventory levels precisely

It provides a suite of tools to manage invoicing, bank reconciliation, inventory, purchasing, expenses, payroll (region-specific), reporting, and recording transactions more. By automating tasks and offering real-time data access, Xero streamlines financial operations and empowers better business decisions. The Xero Established plan adds multi-currency, expense capture and expense claim management, and project management time-tracking and cost-tracking.

Tipalti Pricing and Plans

For businesses that sell physical products, managing inventory is crucial for maintaining smooth operations and meeting customer demand. Xero integrates with several inventory management systems, such as TradeGecko, Unleashed, and Cin7, allowing businesses to automatically sync inventory data with their accounting software. This integration ensures that stock levels are updated in real-time, reducing the risk of overstocking or running out of key products.

Time-Saving Features in Xero Accounting Software

• A designated and fully-trained employee may teach functional areas of Xero to other employees who will be users.
• This makes it extremely easy to use on the go (but we’ll talk more about all the reasons why Xero is amazing in a bit).
• The number of users and the required access levels should also be evaluated.
• From the ease at which you can find bookkeeping help to making it easier for potential acquirers to diligence your business.
• Xero uses a subscription model where you pay monthly for a specific plan, which we will cover later in more detail.

It provides a comprehensive view of a company’s cash flow by presenting upcoming bills and outstanding invoices in a clear, tabular format. Whether you have its basic or most advanced plan, the Xero app supports unlimited users for real-time collaboration between your employees, accountants, and financial advisors. In addition to handling multi-currency transactions, Xero allows users to manage their accounts in different currencies. This means you can send and receive payments in multiple currencies and track your financial performance without worrying about complicated exchange rate calculations. The software also allows businesses to create payslips, track employee benefits, and file tax returns with just a few clicks. This integration between payroll and accounting processes helps streamline operations, making it easier to manage both financial Accounting Security and workforce aspects of your business in one place.

How to Add and Approve Bills in Xero

These tools help businesses track leads, manage customer interactions, and monitor sales pipelines. However, without integration, you could be faced with the cumbersome task of manually entering customer information, invoicing details, and payment histories into Xero. Xero’s transparent pricing allows businesses to clearly see what each plan offers, making it easier to assess value for money. Additionally, Xero offers a free trial period, allowing users to test features and functionality before making a financial commitment.

What is Xero Accounting? 10 Facts About Xero Software You must Know in 2025

• Xero doesn’t offer built-in employee time tracking as part of its software.
• Use Gusto payroll to calculate pay and deductions, pay employees, simplify compliance, and update the Xero accounts.
• Xero is designed to help small and medium businesses cut down on mundane accounting tasks such as counting up income from various invoices and expenses for the month or week.
• When you link a Wise Business account, for example, all your international transactions ping straight into Xero, making reconciliation and cross-border payments much easier.
• You can use Stripe, GoCardless or other payment gateways to integrate with Xero.

Leading AP teams monitor 12 key accounts payable metrics to cut costs, accelerate processing times, and strengthen vendor relationships. We have financial relationships with some companies we cover, earning commissions when readers purchase from our partners or share information about their needs. Our editorial team independently evaluates and recommends products and services based on their research and expertise. Say goodbye to chasing payments and accept in-person contactless payments for invoices, straight from the Xero Accounting app, powered by Stripe.

• Since this plan is ideal for freelancers, removing the restriction will surely encourage more freelancers to opt for Xero.
• Due to its scalability and cost-effectiveness, Xero is a great choice for growing businesses.
• The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more.
• This can be done straight from the Xero Accounting app on a mobile phone, powered by Stripe, once an invoice has been raised.
• MFA adds an extra layer of security by checking that it’s really you when you log in.

Xero’s feature set delivers comprehensive accounting capabilities designed to streamline financial management for businesses of all sizes. From automated invoicing to multi-currency support, these features work together to simplify complex accounting processes while providing real-time insights into business performance. Xero is cloud-based accounting software that has given QuickBooks a run for its money since 2006. Xero is a robust accounting solution with sophisticated accounting features, ample reports, 1,000+ integrations, and unlimited users. Unlike QuickBooks Desktop, Xero also has the mobility and modern UI of cloud-based software. QuickBooks is easier to use than Xero and, in my opinion, offers more powerful tools.

Xero is continuously enhancing its capabilities through AI and machine learning, allowing for smarter categorization of transactions, predictive insights, and automated workflows. Its open API ecosystem empowers developers and third-party platforms to build custom solutions, connecting Xero with over 1,000 apps from inventory and payroll to eCommerce and CRM platforms. Whether you’re a freelancer or a growing company, Xero offers a comprehensive solution for managing your finances and staying on top of your business’s financial health. With these robust security measures in place, Xero ensures that your data remains safe and secure, providing peace of mind for businesses handling sensitive financial information. Whether you’re dealing with employee payroll data or bank reconciliation, Xero takes every step necessary to safeguard your business’s financial data. These CRM integrations help businesses maintain an organized, consistent view of customer data and financial records, enabling better decision-making and customer management.