Xero
Cloud-based accounting software for small businesses — manage invoices, track expenses, and get AI-powered insights.
| What is it | Cloud-based accounting software for small businesses — manage invoices, track expenses, and get AI-powered insights. |
|---|---|
| Pricing | Paid — from $7/mo |
| Free tier | No |
| Platform | Web Application |
| API | Yes |
| Works with | Claude AI, IFTTT, Integrately, Make, n8n, Workato |
| Best for | managing day-to-day business finances, sending invoices and tracking payments |
| Domain registered | 1997 |
Data updated Aug. 1, 2026
What does Xero do?
Xero is cloud-based accounting software built for small businesses and sole traders. It handles the essentials: invoicing, expense tracking, bank reconciliation, and cash flow management. You can send invoices, pay bills, and snap receipts with the mobile app, keeping your finances in order without drowning in spreadsheets. Over 4.9 million customers use Xero to stay on top of their money.
The software works through a clean dashboard that shows your cash flow at a glance. What sets Xero apart is JAX, an AI finance assistant that answers questions about your business. Ask it for a quick cash flow update or recent spending trends, and it pulls answers from your data. JAX also taps into real-time public information for broader business queries. The platform connects to hundreds of third-party apps, from payment processors to inventory tools, so you can build a workflow that fits your business. Pricing starts at $5.80 per month for the first three months, with plans for different business sizes.
Xero is best for small business owners, freelancers, and accountants who want a straightforward way to manage finances without an accounting degree. You can handle invoicing, track expenses, and get financial insights on your own, or collaborate with a bookkeeper or accountant. Industries like construction, retail, and self-employed professionals find Xero useful for job costing, inventory tracking, and simplifying tax prep. It's accounting software that does the basics well and throws in a smart assistant to save you time.
Key features
What makes it stand outWho is Xero for?
Who benefits most from this toolPricing
Premium
Everything in Standard, plus:
- Use multiple currencies
- Analyze KPIs and ratios
- 180 day cash flow forecast
- Benchmark against the industry
Standard
Everything in Starter, plus:
- Send invoices and quotes
- Automate bill entry and track bills
- Auto-reconcile bank transactions (Beta)
- Bulk reconcile transactions
- Tailored financial health scorecards
- 60 day cash flow forecast
- Customize performance dashboards
Starter
- 5 bills
- 20 invoices
- Send quotes and 20 invoices
- Accept online invoice payments
- Enter 5 bills
- Reconcile bank transactions
- Smart Document Capture
- View real-time reports
- 30 day cash flow forecast
- Visualize performance with graphs
Lite
- 5 invoices
- Send 5 invoices and quotes
- Accept online invoice payments
- Reconcile bank transactions
- Smart Document Capture
- View real-time reports
Trust & presence
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