Xero is cloud-based accounting software designed for small and medium-sized businesses. It covers the core jobs: invoicing, expenses, bank reconciliation, payroll (in select regions), and financial reporting. It’s widely used by accountants and bookkeepers, which makes collaboration straightforward.
If you don’t want desktop accounting software or spreadsheets, Xero gives you a real-time view of your finances. Bank feeds update automatically, invoices go out fast, and reports are always current. It’s especially valuable if you work with an external accountant or manage multiple revenue streams.
You connect your bank accounts, set up your chart of accounts, and run day-to-day finances from the web app. Transactions are imported automatically and matched using rules. Invoicing, bills, and expenses flow into reports like profit & loss and balance sheets.
