Xero is cloud-based accounting software used by small businesses around the world. It covers invoicing, bill payments, bank reconciliation, expense tracking, and financial reporting, with a clean interface that many owners find easier to learn than traditional accounting software.
One of Xero’s biggest advantages is that every plan includes unlimited users, so your bookkeeper, accountant, and team can all have access at no extra cost. Xero connects with more than 1,000 apps, and Hubdoc is included for capturing bills and receipts. Higher plans add multi-currency, project tracking, and expense claims.
Xero is a great fit for growing businesses with several people involved in the finances, and for companies that work with international customers or suppliers.
The entry-level Early plan limits how many invoices you can send and bills you can enter each month, so most active businesses will need the Growing plan. In the U.S., payroll isn’t built in; Xero connects with Gusto for that instead. Fewer U.S. accountants use Xero than QuickBooks, so check with yours first.
For Long Island businesses where the owner, office manager, and outside accountant all need access, Xero’s unlimited users keep costs predictable.