Overview
Xero is cloud-based accounting software widely used by small to medium businesses globally. The platform excels at bank reconciliation, multi-currency support, and offers a strong ecosystem of add-on apps. Xero includes time tracking and invoicing capabilities integrated with its accounting features.
Time Tracking & Billing
- Project Time Tracking: Track billable hours by project and employee
- Expense Claims: Submit and approve expense claims with receipt capture
- Invoicing: Create professional invoices from tracked time and expenses
- Quotes & Estimates: Generate quotes that can be converted to invoices
- Recurring Billing: Set up automatic recurring invoices
- Online Payments: Accept credit card and bank payments directly
Accounting Features
- Bank Reconciliation: Industry-leading bank feed reconciliation
- Financial Reports: Real-time P&L, balance sheet, and cash flow statements
- Multi-Currency: Handle transactions in multiple currencies with automatic conversion
- Inventory Management: Track stock levels and costs
- Purchase Orders: Manage supplier orders and bills
- Fixed Assets: Track and depreciate fixed assets
Collaboration
- Unlimited users on all plans
- Role-based permissions for accountants, employees, and bookkeepers
- Client portal for secure document sharing
- Multi-user access for real-time collaboration
Integration Ecosystem
Xero has a strong global ecosystem with 1,000+ integrated apps:
- Time tracking: TSheets, Harvest, Toggl
- Payment processing: Stripe, Square, PayPal
- CRM: Salesforce, HubSpot
- Payroll: Gusto, ADP
- Project management: Asana, Monday.com
Mobile Apps
Comprehensive iOS and Android apps for accounting, invoicing, and expense management on the go.
Global Reach
- Available in 180+ countries
- Localized versions for different tax jurisdictions
- Multi-currency and international tax support
Pricing (2026)
- Early Plan: ~$15/month (20 invoices/quotes, 5 bills)
- Growing Plan: ~$42/month (unlimited invoices, bills, reconciliation)
- Established Plan: ~$78/month (multi-currency, projects, expenses)
All plans include unlimited users.
