Xero is best suited for mid-to-large-sized businesses. The software is well-developed and offers strong accounting and ample features, reports, and integrations. Xero also supports unlimited users for every plan, which is almost unheard of in the accounting software world. You can set multiple levels of user permissions and control feature access as well.
Small businesses could benefit from the Growing plan, especially if they need unlimited users. But if your business needs project management or multi-currency support, Xero doesn’t come cheap. Also, the Early plan limits users to only 20 invoices.
Business owners with multiple companies will have to purchase a separate subscription for each business. Xero’s primary market is the US (which is the focus of this review), the UK, New Zealand, and Australia, but the software is available in over 180 countries.
Xero has an attractive, modern UI. While the software is well-organized, it does have a steep learning curve (not as steep as QuickBooks, but it is more difficult to learn than other cloud-based options). It takes quite a while to explore all of the features it has to offer, but once you get acquainted with the software, Xero is fairly easy to use. Xero tries to throw you as many bones as possible by adding a video or help article to the top of every page you open.