Which Xero package is right for me?

10th November 2021

If you’ve never used a cloud software before coming to a decision on what package to choose can be quite daunting. Well, in this blog I am going to summarise what different packages are available and tell you what each package does and also, what it doesn’t do.

 

There are three packages that Xero offer: Starter, Standard and Premium which of course all come with different price tags starting with £12, £26 and £33 respectively.

 

Starter Package

This package is aimed towards sole traders, starter businesses and the self-employed. It allows you to send quotes to your customers and 20 invoices, you can enter 5 bills and reconcile all your bank transactions. For those that are VAT registered you can submit your VAT returns to HMRC and for those in the Construction Industry Scheme you have automatic CIS calculations and reports.

 

However, You can’t bulk reconcile transactions or use multiple currencies.

 

Standard Package

This package is aimed towards small growing businesses. You can do everything you can do on the Starter Package but also you can bulk reconcile transactions and have a short-term cash flow and business snapshot which allows you to easily see where your business is at.

 

However, like the starter package you can still not use multiple currencies.

 

Premium Package

This package is aimed at the more established businesses of all sizes. You can do everything you can on the Standard Package, but this package allows the use of multiple currencies.

 

Xero have lots of optional add ons which you can pay for monthly on top of any package. If this is something you’d like to hear more on or if you have any questions at all, please email me.

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