Purchase orders: Create digital purchase orders using inventory items and email them to your suppliers, convert purchase orders to bills or invoices.Inventory: Add products, track inventory quantity and value, view bestselling products and how much profit you’re making.Bank reconciliation: Reconcile bank transactions, manually categorize transactions, accept Xero’s suggestions, or create rules for matching bank transactions to invoices, bill payments, and purchases already in Xero.Bank connections: Connect your bank accounts to Xero to automatically upload transactions into your accounting software.Quotes: Create and send personalized quotes and estimates, easily convert them into invoices.Invoicing: Create and send customized invoices.With these basics in mind, let’s explore the overall features you can expect with the Xero accounting software-regardless of the plan you choose. You can also try the Xero accounting software for free for 30 days before signing up for a subscription. Available on a monthly subscription basis, the plan you choose will dictate your specific capabilities, with the Established plan having the greatest functionality at the highest cost. Xero offers three unique software plans-Early, Growing, and Established.

Xero gives you the ability to manage your accounting on the go with their mobile app, connect to hundreds of third-party tools to extend your functionality, and grant access to your bookkeeper, accountant, and team members. With Xero accounting software, you can automate and streamline your core bookkeeping and accounting tasks, as well as related business processes such as inventory tracking, project management, and payroll. Xero accounting is cloud-based accounting software, meaning it’s accessible from any device, anywhere you have internet. Before we dive into the details of our Xero accounting software review, let’s start with the basics.

Compare xero accounting software