Xero is a web-based accounting solution offering robust and complex accounting tools to small and
medium-sized businesses in all industry verticals. Xero provides them with a direct gateway to connect
with their banks, accounting tools, their accountant, payment services, trusted advisors and integration
with +700 third-party apps through secure, readily available channels at all times via any device. The
software currently caters to 1,000,000 users and over 16,000 accounting firms.
The software's accounting and bookkeeping functionalities provide users with efficient compliance
tools, practice management solution and a cloud-based unified accounting ledger for every client, in one
place. The solution now also comes with a project management feature, which wasn’t previously
included. With Xero's robust accounting features, small businesses can view their cash flows,
transactions and account details from any location. Online payments allow users to track and manage
expenses as well as improve relationships with critical business material suppliers. There are also
features that automatically import and code all business transactions accurately.
Pricing: Four pricing packages are offered: Starter ($9/month), Standard ($30/month), and Premium 10
($70/month). A 30-day free trial is also offered.
USP: Offers all the right tools to manage money in and out of your budgets in a way that will coincide
with your business goals and long-term missions. You can also manage personal expenses with the
Support: Support is extended via email, phone, live support, and tickets.
Product Advantages: Xero is easy to use and user-friendly, and accumulates highly ranked features that
help close crucial accounting gaps. A handy tool for financial management. Easy to set up, no
maintenance or hardware costs.
Product Limitations: Importing and exporting data is not very easy. The Payroll module could use
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