High-level description
Xero is an online accounting software platform for small businesses and their advisors, as well as for personal finance. Xero competes most often with QuickBooks Online. Its features, beyond the ubiquitous general ledger and double-entry bookkeeping support, include invoicing with quotes, bank reconciliation, purchase order and expense management, tax management, and it is mobile-accessible. Xero integrates with over 800 third-party applications, covering everything from inventory and logistics to cash flow, project management, customer relationship management, e-commerce and more. The product is sold by subscription (a distribution model commonly known as software as a service or SaaS) requiring the payment of a monthly fee. This charge is proportionate to the number (and type) of company entities managed by the subscriber. The lowest tiered pricing option is the $9 per month Starter pack, which supports unlimited users but a limited number of transactions. The $30 Standard pack breaks open usage limits and adds e-filing and payroll options. The $70 Premium package doubles the number of supported employees on payroll from 5 to 10, and supports multiple currencies.
Business impact
What is Xero used for?
Answer
Xero is a cloud-based small business accounting software with capabilities for managing invoicing, bank reconciliation, inventory, purchasing, expenses, bookkeeping and more. Xero is an alternative to QuickBooks. It is a modern, small business accounting software that lives in the cloud.
Is Xero hard to learn?
Answer
Xero is essentially a relatively straightforward software to use, and no one has to spend in days to understand it. But, if you still have some troubles or want to start perfect, Xero includes a training portal where you can take classes or choose learning programs to comprehend the software.
What is Xero course?
Answer
The Career Academy's Xero courses enable students to develop practical knowledge and skills to work in a number of positions from Accounting & Bookkeeping through to Administration & Management. Becoming certified in Xero can lead to a broad range of employment prospects and can act as a wonderful pathway to additional credentials.
How long does it take to learn Xero?
Answer
The average time to complete the Xero courses is 2-3 weeks and other users take several months or merely utilize the course as a resource during their membership period.
Free lifetime updates
- Open source design system
- Automated feature upgrades
- Templates
- Security updates
Infrastructure and security
- SSL everywhere
- Automated backups
- Log scanning and alerts
- 24/7 monitoring