# Xero

> Cloud accounting software with time tracking and invoicing features, excelling at reconciliation, multi-currency support, and offering a strong global ecosystem with unlimited users for growing businesses.

- **URL:** https://www.xero.com
- **Category:** Freelance & Consulting
- **Tags:** Accounting, Cloud Based, Multi Currency
- **Updated:** 2026-03-16 19:07
- **Canonical page:** https://timetrack.works/th/items/xero

## Details

## Overview

Xero is cloud-based accounting software widely used by small to medium businesses globally. The platform excels at bank reconciliation, multi-currency support, and offers a strong ecosystem of add-on apps. Xero includes time tracking and invoicing capabilities integrated with its accounting features.

## Time Tracking & Billing

- **Project Time Tracking**: Track billable hours by project and employee
- **Expense Claims**: Submit and approve expense claims with receipt capture
- **Invoicing**: Create professional invoices from tracked time and expenses
- **Quotes & Estimates**: Generate quotes that can be converted to invoices
- **Recurring Billing**: Set up automatic recurring invoices
- **Online Payments**: Accept credit card and bank payments directly

## Accounting Features

- **Bank Reconciliation**: Industry-leading bank feed reconciliation
- **Financial Reports**: Real-time P&L, balance sheet, and cash flow statements
- **Multi-Currency**: Handle transactions in multiple currencies with automatic conversion
- **Inventory Management**: Track stock levels and costs
- **Purchase Orders**: Manage supplier orders and bills
- **Fixed Assets**: Track and depreciate fixed assets

## Collaboration

- Unlimited users on all plans
- Role-based permissions for accountants, employees, and bookkeepers
- Client portal for secure document sharing
- Multi-user access for real-time collaboration

## Integration Ecosystem

Xero has a strong global ecosystem with 1,000+ integrated apps:
- Time tracking: TSheets, Harvest, Toggl
- Payment processing: Stripe, Square, PayPal
- CRM: Salesforce, HubSpot
- Payroll: Gusto, ADP
- Project management: Asana, Monday.com

## Mobile Apps

Comprehensive iOS and Android apps for accounting, invoicing, and expense management on the go.

## Global Reach

- Available in 180+ countries
- Localized versions for different tax jurisdictions
- Multi-currency and international tax support

## Pricing (2026)

- **Early Plan**: ~$15/month (20 invoices/quotes, 5 bills)
- **Growing Plan**: ~$42/month (unlimited invoices, bills, reconciliation)
- **Established Plan**: ~$78/month (multi-currency, projects, expenses)

All plans include unlimited users.

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