Xero
· $15/mo · since 2006
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Xero is a cloud accounting platform popular in the UK, Australia, and New Zealand, and growing in the US. It offers invoicing, bank reconciliation, expense claims, project tracking, and multi-currency support. The interface is noticeably cleaner than QuickBooks.
Xero stands out for unlimited users on every plan (QuickBooks charges per user) and strong multi-currency handling. The app marketplace has over 1,000 integrations. The main limitation is the Starter plan's cap of 20 invoices and 5 bills per month, which pushes growing businesses to the $42/mo Growing plan quickly.
pros
- Unlimited users on every plan — no per-seat charges
- Clean, modern interface that's easier to learn than QuickBooks
- Strong multi-currency support for international businesses
- 1,000+ app integrations in the marketplace
cons
- Starter plan limited to 20 invoices and 5 bills per month
- Payroll only available as paid add-on in certain countries
- Less dominant in the US — fewer accountants specialize in it
- Reporting is less powerful than QuickBooks on lower tiers
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