Xero is a cloud-based accounting software designed primarily for small to medium-sized businesses, founded in New Zealand in 2006. It offers a software-as-a-service (SaaS) model with subscription plans, providing tools to automate bookkeeping tasks like invoicing, bank reconciliation, expense tracking, payroll, and financial reporting.
Xero connects users to their bank, accountant, and various business apps, supporting over 1,000 third-party integrations, including CRM systems, e-commerce platforms, and payment gateways like Stripe and GoCardless.
Its features include real-time cash flow management, customizable reports, multi-currency transactions, and mobile accessibility via iOS and Android apps. Xero serves over 4.2 million subscribers globally, with a strong presence in New Zealand, Australia, and the UK, and is used across industries like retail, construction, and real estate.
The software emphasizes user-friendliness, even for those without accounting expertise, and provides 24/7 support.
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