Xero
Cloud accounting with bank feeds, invoicing and reporting.
- Countries served
- Worldwide
- Languages
- English
- Last reviewed
- 2026-10-31
Overview
Xero is a cloud-based accounting software platform designed to help small to medium-sized businesses manage their financial operations. The platform offers tools for tracking cash flow, handling invoicing, and managing payroll through an integrated ecosystem. It serves as a central hub for business owners and their accountants to collaborate on financial data in real-time.
Products and services
- Online accounting software
- Payroll management
- Expense claim tracking
- Inventory management tools
- Bank reconciliation services
- Invoicing and bill payment processing
Business problems addressed
- Disorganized manual bookkeeping processes
- Inaccurate financial reporting
- Inefficient manual data entry for bank transactions
- Difficulty collaborating with external accountants
- Inconsistent cash flow monitoring
Key benefits and capabilities
- Automated bank feeds and transaction matching
- Customizable online invoicing
- Multi-currency support for international transactions
- Third-party app marketplace integrations
- Mobile app for remote financial management
- Project tracking and job costing
Frequently asked questions
- Does Xero integrate with other business applications?
- Yes, Xero features an extensive marketplace of third-party apps that connect with the platform to extend its functionality.
- Can I provide access to my accountant or bookkeeper?
- Yes, Xero allows users to invite their accountant or bookkeeper to access their organization data directly for easier collaboration.
- Is Xero suitable for multi-currency transactions?
- Yes, the platform supports multiple currencies, allowing businesses to send invoices and manage accounts in foreign currencies.