Xero is connected with our bank account and allows us to categorize all the expenses and create the balance sheet and P&L.
CEO & Founder - Reply
We started with Wave, but they were not developing new features fast enough, which is understandable, because as a free tool it probably does not have the resources. Recently we switched to Xero. We did some research before adopting it and it seems to be the best tool. We are very happy with it.
CEO - HackerYou
Xero is easy to use--it help us handle invoicing quite easily.
CEO - Nugit
11%Stacklist Startups Are Using Xero
Xero is an accounting software that promotes itself specifically to the smallest businesses, offering the most streamlined service available in a category that is notoriously complicated. Xero works solely in the cloud and boasts capacity for unlimited users, simple mobile apps and no installation. It covers all basic accounting needs like online invoicing, multi-currency support and expense reporting. In a limited number of states, it also includes payroll features like time tracking, direct deposits and an employee portal.
Xero does everything it can to promote ease of use, and therefore sacrifices some of the more complex features offered by larger services, such as inventory management (which Xero only offers via a third-party add-on). Xero is used almost exclusively by Seed-stage startups that have simpler accounting needs and don’t want the learning curve that comes with a more complex tool like QuickBooks.
Xero has three pricing plans: a starter plan at $9 per month, a standard plan for $30 per month, and a premium plan for $70 per month.
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