Xero
2 comparisons available
About Xero
Xero is a cloud-based accounting software platform founded in New Zealand in 2006 by Rod Drury. The platform serves over 3.95 million subscribers globally and is particularly strong in the UK, Australia, and New Zealand markets. Xero offers invoicing, bank reconciliation, expense claims, inventory tracking, payroll, project tracking, and financial reporting. A key differentiator is Xero's unlimited users on all plans — unlike QuickBooks which limits users per tier. The platform's bank reconciliation engine uses machine learning to suggest matches, making bookkeeping faster. Xero's app marketplace (Xero App Store) has over 1,000 connected apps for industry-specific needs. All plans include double-entry accounting, multi-currency support, and 1,000+ bank connections for automatic transaction import. Xero's clean, modern interface is frequently cited as more intuitive than QuickBooks. Plans start at $15/month (Starter), $42/month (Standard), and $78/month (Premium). Xero went public on the ASX and NZX and has a market cap exceeding $15 billion.
Frequently Asked Questions
Is Xero better than QuickBooks?
Xero is better for international businesses, offers a cleaner UI, and includes unlimited users on all plans. QuickBooks is better for US-based businesses with deeper US tax compliance and wider accountant familiarity in the US.
How much does Xero cost?
Xero plans start at $15/month (Starter, 20 invoices), $42/month (Standard, unlimited invoices), and $78/month (Premium, multi-currency and analytics). All plans include unlimited users.
Is Xero good for small businesses?
Xero is excellent for small businesses, especially those outside the US. Its unlimited users, bank reconciliation automation, and 1,000+ app integrations make it one of the best accounting platforms for growing businesses.