Xero is cloud accounting organised around bank reconciliation, with a feed that surfaces suggested matches, invoicing and quotes, bill entry, sales tax handling, and reporting an advisor can work from directly. Multi-currency, project time and cost tracking, expense claims and cash-flow forecasting arrive on the upper plans, and the app marketplace covers commerce platforms, inventory add-ons and payroll. Document capture is built in, and there are no per-user licence fees, so adding a bookkeeper or an accountant does not change the subscription. For sellers the appeal is clean reconciliation across multiple payout accounts.
Who it is for
Sellers with an external bookkeeper who need clean reconciliation across several marketplace payout accounts.
Key features
- Bank reconciliation with suggested matches
- Invoicing, quotes and bill tracking
- Sales tax and multi-currency handling
- Cash-flow forecasting on higher plans
- No per-user licence fees
Where it falls short
The entry plan caps invoices and bills, and transactions pushed in by connected apps count toward that invoice limit, so a store syncing marketplace orders can exhaust the allowance without noticing.
Pricing
Three plan tiers differentiated by invoice and bill allowances, forecasting horizon and multi-currency support, with introductory discounts for new subscriptions that expire after a few months. Users are not charged per seat. Inventory tracking is an optional add-on rather than part of any plan, and payroll is billed through a partner.
Prices move; the tier structure is the part that stays true. Check current pricing on Xero.
Alternatives to Xero
Frequently asked
How much does Xero cost?
Xero is paid software. Three plan tiers differentiated by invoice and bill allowances, forecasting horizon and multi-currency support, with introductory discounts for new subscriptions that expire after a few months. Users are not charged per seat. Inventory tracking is an optional add-on rather than part of any plan, and payroll is billed through a partner.
What is Xero best for?
Sellers with an external bookkeeper who need clean reconciliation across several marketplace payout accounts.
What are the best alternatives to Xero?
The closest substitutes we list are FreshBooks and QuickBooks. They sit in a similar price bracket but make a different trade-off, so read the weaknesses section of each review before switching.
Which platforms does Xero run on?
Xero is available on Web, iOS and Android.