advantages and disadvantages of xero accounting software

For most small businesses, the standard plan will be enough, capturing most of Xero’s core functions such as invoicing and quoting, bill logging, bank transaction reconciliation, expenses, and receipt management. These plans offer increasing amounts of features as well as capability, catering to different sized businesses or business types. Xero comes in three different subscription plans, where access to the software is charged monthly. The full list of features can be found here. The platform itself offer features from automatic GST returns to inventory management, providing a wealth of capability for various occasions. There is only one accounting package offered by Xero, its namesake platform, which is offered entirely online in web browser format on any compatible devices, as well as on mobile/tablet through an app. It was pitched from the start as a cloud-based service, allowing access from anywhere as well as in real-time this distinguishing feature at launch has formed the backbone of its product, and the secret behind Xero’s success. Xero is a New Zealand company founded in 2006, and has grown rapidly ever since as one of the most recognised accounting software providers in many other countries.

Advantages and disadvantages of xero accounting software