Xero is a cloud-based accounting software that is designed for small and medium-sized businesses. It is an easy-to-use software that allows businesses to manage their finances with ease. Xero provides a range of features that include invoicing, payroll, inventory management, and bank reconciliation.
Monthly Subscription
The cost of Xero accounting software is based on a monthly subscription. The pricing plan starts from $20 per month, which includes all the features of the software. This pricing plan is suitable for small businesses that have less than five employees. The next pricing plan is the standard plan, which costs $30 per month. This plan is suitable for businesses that have up to 1000 transactions per month. The premium plan costs $40 per month and is suitable for businesses that have up to 5000 transactions per month. The premium plan also includes multi-currency support and project tracking.
Additional Add-Ons
Xero also offers additional add-ons that can be purchased separately. These add-ons include payroll, inventory management, and expense management. The payroll add-on costs $10 per month and allows businesses to manage their employee payroll. The inventory management add-on costs $7 per month and allows businesses to manage their inventory. The expense management add-on costs $5 per month and allows businesses to manage their expenses.
Discounts
Xero offers discounts for businesses that pay for their subscription annually. The annual subscription for the starter plan costs $240, which is a 20% discount. The annual subscription for the standard plan costs $360, which is also a 20% discount. The annual subscription for the premium plan costs $480, which is a 20% discount.
Free Trial
Xero offers a free trial for 30 days. This allows businesses to test the software and see if it is suitable for their needs. During the free trial, businesses can access all the features of the software without any limitations. After the free trial, businesses can choose to subscribe to the software if they are satisfied with its features.
Conclusion
In conclusion, the cost of Xero accounting software is based on a monthly subscription. The pricing plan starts from $20 per month and goes up to $40 per month. Xero also offers additional add-ons that can be purchased separately. Discounts are available for businesses that pay for their subscription annually. A free trial is also available for businesses to test the software before subscribing.
