Xero

Overview

Xero is cloud-based accounting software widely used by small to medium businesses globally. The platform excels at bank reconciliation, multi-currency support, and offers a strong ecosystem of add-on apps. Xero includes time tracking and invoicing capabilities integrated with its accounting features.

Time Tracking & Billing

• Project Time Tracking: Track billable hours by project and employee
• Expense Claims: Submit and approve expense claims with receipt capture
• Invoicing: Create professional invoices from tracked time and expenses
• Quotes & Estimates: Generate quotes that can be converted to invoices
• Recurring Billing: Set up automatic recurring invoices
• Online Payments: Accept credit card and bank payments directly

Accounting Features

• Bank Reconciliation: Industry-leading bank feed reconciliation
• Financial Reports: Real-time P&L, balance sheet, and cash flow statements
• Multi-Currency: Handle transactions in multiple currencies with automatic conversion
• Inventory Management: Track stock levels and costs
• Purchase Orders: Manage supplier orders and bills
• Fixed Assets: Track and depreciate fixed assets

Collaboration

• Unlimited users on all plans
• Role-based permissions for accountants, employees, and bookkeepers
• Client portal for secure document sharing
• Multi-user access for real-time collaboration

Integration Ecosystem

Xero has a strong global ecosystem with 1,000+ integrated apps:

• Time tracking: TSheets, Harvest, Toggl
• Payment processing: Stripe, Square, PayPal
• CRM: Salesforce, HubSpot
• Payroll: Gusto, ADP
• Project management: Asana, Monday.com

Mobile Apps

Comprehensive iOS and Android apps for accounting, invoicing, and expense management on the go.

Global Reach

• Available in 180+ countries
• Localized versions for different tax jurisdictions
• Multi-currency and international tax support

Pricing (2026)

• Early Plan: ~$15/month (20 invoices/quotes, 5 bills)
• Growing Plan: ~$42/month (unlimited invoices, bills, reconciliation)
• Established Plan: ~$78/month (multi-currency, projects, expenses)

All plans include unlimited users.