Clicking the “+” button takes users to a quick actions menu where they can quickly create invoices or bills or add new contacts. Use the accounting app to keep track of due and overdue invoices and whether they’ve been paid. Create, edit and send invoices as soon as the job is done directly from the mobile app.
While competitors such as FreshBooks provide a discount for annual plans, Xero only offers a monthly option. This plan is designed for sole proprietors or early-stage enterprises and includes 20 invoices and five bills or purchase orders per month. Users can upgrade at any time to the Growing or Established plans for unlimited bills, purchase orders, and invoices.
See how Xero works for your business
- After your free trial ends, you can choose the plan that best suits your needs.
- The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more.
- Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more.
- However, you do have to sign up for a free trial or pay for a plan in order to contact Xero.
- We liked that Xero gives you the option to attach files and preview the final look of your invoice at any point in the process.
You can turn on automatic payment accounting careers reminders to save time otherwise spent pursuing overdue invoices. You can choose how often customers receive reminders, and turn off reminders for specific customers or invoices. Xero lets you add your payment terms to an invoice so customers know when it is due (due dates must be at least one day after the invoice’s date).
What is better: QuickBooks or Xero?
As with the Growing plan, businesses on the Established plan get unlimited invoices, purchase orders, and bills. Xero’s straightforward accounting software is well-suited for sole proprietors and small and growing businesses. Its intuitive design makes it easy for businesses to link their bank accounts and start sending invoices and paying bills in no time.
Get customer support
After you connect a payment service to Xero, a “pay now” button is automatically added to your invoices so customers can pay you directly from the invoice. Use the Xero accounting and bookkeeping app to create and send online invoices in seconds to help maintain a steady flow of cash into the business. Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $70 per month. If premium on stock important points related to premium on stock using multiple currencies is a priority to you, consider other platforms that offer this capability at a lower cost.
Explore Xero accounting software and its tools for small businesses, accountants, and bookkeepers. Customers can contact QuickBooks Online and FreshBooks via phone, top line vs bottom line in business but Xero doesn’t provide a phone number for customer service. The business snapshot table shows some of the key differences between Xero’s analytics and Analytics Plus features. One limitation is that if you use a custom payment URL, you will need to manually apply the payment to the invoice once you receive it. Xero allows you to add your logo and a personalized message to your invoices, which conveys a sense of professionalism and helps customers trust that it’s you they’re receiving the invoice from. The Organization menu option enables users to access settings and files or add new organizations.
How to Reconcile Transactions in Xero
You can use all Xero’s features, like invoicing, accepting payments and reporting, and add-ons like Xero Projects and Xero Expenses. Use the demo company to explore Xero’s features, or enter your own business details and data to try it out for real. Xero retains everything you’ve entered when you transfer from a free trial to a subscription. Xero allows business owners to easily customize their invoices, collect payments from multiple sources, access accounting information on the go, and more.
For free invoicing platforms, consider Zoho Invoice, Square Invoices or PayPal Invoicing, although these platforms provide fewer capabilities. All pricing plans cover the accounting essentials, with room to grow. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.