Best small business accounting software: xero

People ask me many times to recommend best small business accounting software. I have used many software in my career. However, I always recommend xero to my clients. Because I am using it for 6 months and I love xero and I am sure that my clients will also love xero. I bet ! Have a read of our xero review, know xero pricing and get save huge with xero discount codes.


What is xero accounting?

Xero is cloud based accounting software. Xero is founded in 2006 in New Zealand.  Xero is used by more than 862000 subscribers. Xero users are growing amazingly due to its easiest functionality and features.So what is the special in xero that more and more businesses are choosing xero? Lets see amazing features of xero which makes xero the best small business accounting software.


Why is xero the best small business accounting software?

Error free: It never hangs. It never does errors. It generates report in part of second !


Easiest reconciliation facility: xero makes time consuming process of reconciliation very easy. You can see two columns: one regarding transaction details and one to do reconciliation. There is also features of bank rule, automatic suggestion for possible transaction, minor adjustment, create transaction in reconciliation screen, making part payment, cash coding ( to do reconciliation in bulk) and much more.

best small business accounting software


Speed: It is really very fast compared to well known software.


Support: Xero has email support. You can mail xero and get answer within 24 hours for query. I get replies for my all queries and other I have solved via xero help centre 


Knowledge centre :Learning xero is very easy due to its knowledge centre. Where you can access thousand of posts with videos. You can also get answer of your query with xero community. 


Repeating bills/invoices: It is small but helpful feature. Many well known software does not provide this facility and it is meaning less to prepare same bill/invoices per month again and again.


Online payment facility:You can get small button for pay online on your invoice and receive payment through various popular payment services. Payment service supported are, braintee, dps, eway, gocardless, paypal, stripe. Read here to know more.


Inventory management: Xero gives you facility to manage inventory with accounting for the same. There are two types of inventory management in xero: tracked and untracked. You can get facility to manage and count inventory items when you use tracked inventory. Special reports are also available specially for inventory.

If you prefer to use any other inventory management software, ad ons are also available to integrate xero with other system. You can integrate following inventory management systems with xero:

  1. Dear systems
  2. Unleashed inventory
  3. manu online
  4. Hike
  5. fishbowl
  6. and many more. (Check other option here)


Payroll support: Employee payroll is easy thing with xero. You require input of basic data of payroll and there is facility to do payroll with few clicks. There is also privacy features for access of payroll. You require to purchase payroll additionally in xero.

You can integrate other popular payroll app with xero. Gusto, surepayroll , appogeehr etc. are supported. Read full list here.


Tax preparation:

Xero helps you to prepare data for tax filling. All accounting things are very smooths in xero. Initially you require to set up tax rate as per your country law and you get tax options while issuing invoices or entering bills. Various tax reports are also available in xero. If you are from australia/ new Zealand, you can file taxes with xero tax. For US taxes, you can get help of additional software such as Avalara.


Log features:

Xero provides you audit facility together with accounting. You can see at the bottom of the invoice/bill/entry that transaction is entered by whom, approved by whom, edited by whom, voided by whom. This creates accountability in accounting system. If there is any error, you can easily find who makes mistake. See the screenshot to get the idea.

xero log features



Xero provides you awesome reporting facility with customization option. You can  have facility to prepare custom report as per your need. You can report for quarter, current financial year, year to date or as per your requirement. There is also facility to compare actual data with budgeted data. Some people loves graph. They will not disappoint with xero. Graphical representation of data is also available.

Reporting in xero


Link system: Xero is designed perfectly keeping mind the accounting work. It is obvious that while doing accounts, we require to compare and access various data in same time. Xero gives link to each data and link can be opened in new tab. In screenshot, you can understand this thing. I can go to payable report. See my creditors month wise. Now, I can click NSDL and see all the bills related to NSDL. Or I can copy link by putting courser on NSDL and open it in new tab. Similarly, I can see data for different month in new tab by copy link address. This makes xero the easiest accounting software. You can open the data in new link, use as per your need and close the tab. You can access as many reports/data as you want at the same time!

xero benefits


Ad ons:

Xero supported vast number of ad ons. You can integrate xero with shopify, woocommerce, paypal, stripe, zapier, fundbox, receiptbank,, gusto, tsheets, freshdesk, proworkflow, google docs, boxkite, Gsuite,liveplan and many more. You can check ad on list here.

Due to easy integration with various app,  eCommerce, inventory management, time tracking, payroll management, job costing, practice management, document management, business plans etc are easily being done with xero.


Xeo Pricing:

Xero pricing ranges from $9/month to $70/month. Mid range plan is $30/month covering unlimited invoices/ quotes/bills/bank reconciliation with payroll up to 5 people. However, this plan includes only home currency. If you want to get multi currency feature, you require to go with premium 10 plan.

xero pricing

Xero Promo code/ Discount code:

We have collected xero discount codes ( Promo codes) for you to save you while purchasing xero.


Xero US discount code:

Xero is very popular in Australia and New Zealand. Xero is also  serving to US/UK. With this discount code, you can get 30% OFF for first 6 months. Use Xero30Now coupon or go with this link.


Xero Singapore coupon:

You can save 50% for 4 months if you join xero with this link. This offer is valid till 31st March, 2017. Use code ACTIVATEONLINEH117


Xero discount code for Non- profit:

Xero gives special 25% discount for Non profit business. Go with this link to claim your discount while purchasing.


Xero UK Discount code:

You can save 50% on Xero UK. Use this link to claim 50% off while purchasing for 12 months. Go with this link to save 50%.


Xero Australia promo code:

There is no coupon available for Xero Australia. However, you can join free trial of xero for first month. Click this link to start your trial.


Xero Canada Promo code:

There is no promo code available for Xero canada now. However, you can get 1 month Free trial with this link.


Xero south Africa Promo code:

Xero gives hoge discount for South African users. You can get 50% Off for first three month. Use this link to save. ( Offer is limited to 31st March, 2017.- Coupon code – MAR17).


Xero Ireland coupon code:

There is no coupon available for Ireland users. You can get first Free month with this link.


Free 30 day trial of xero :

You can get 30 days trial of xero so that you can be sure before purchasing. Click this link to join trial. Xero does not want your credit card information to join trial. You can get good experience of xero features with xero trial.


Quickbook, freshbook, waveapps are also good software but I choose xero for easiest functionality. You can rely on my words or try xero here free for 1 month !


About the Author:

Tanu is Chartered Accountant and Founder of She loves Music, writing, travelling and reading. She loves to write on small business and Finance area. You can follow her on FB page.