Xero

Cloud accounting software with AI help for reconciling, invoicing and understanding your numbers.

Free trialAI Finance & Accounting#2 in Finance & Accountingby Xero

What is Xero?

Xero is online accounting software popular in the UK, Australia and New Zealand. It handles invoicing, bank reconciliation, bills and reports. Its AI assistant helps with tasks and explains financial data. It runs on the web and mobile.

Best for: Small businesses that want simple, cloud-based accounting.

What you can do with Xero

Reconcile a month of bank transactions
Send a repeating invoice
Ask about your profit this quarter

Key features

Invoicing and bill payments
Smart bank reconciliation
AI assistant for tasks and insights
Thousands of app integrations

Xero pros and cons

Pros

Clean interface
Unlimited users on plans

Cons

No permanent free plan

Xero pricing

Free trial

Xero is a paid tool with a free trial. Plans change often, so check the official site for current prices.

How to get started

Open xero.com and create a free account or start the trial.
Try one real task first: reconcile a month of bank transactions.
Compare the result with QuickBooks or Monarch Money, then keep the one that fits how you work.

Compare Xero

Side-by-side comparisons of features, pricing, pros and cons.

Xero alternatives

Other tools that do a similar job, ranked by our editors.

All Xero alternatives

QuickBooks
Free trialEditor's pick
Accounting software for small businesses with AI agents for bookkeeping, invoices and cash flow.
AI Finance & AccountingVisit
Monarch Money
Free trial
Personal finance app for budgets, net worth and goals, with an AI assistant for money questions.
AI Finance & AccountingVisit
Ramp
Free + Paid
Corporate cards and spend management with AI that reviews expenses and automates bookkeeping.
AI Finance & AccountingVisit
Brex
Free + Paid
Corporate cards, banking and expense software with an AI assistant for spending and policy.
AI Finance & AccountingVisit
Rocket Money
Free + Paid
Personal finance app that finds and cancels subscriptions, tracks budgets and lowers bills.
AI Finance & AccountingVisit
BILL
Paid
Accounts payable and receivable automation that uses AI to capture invoices and pay bills.
AI Finance & AccountingVisit

Top AI finance tools

How Xero compares with the best in AI Finance & Accounting.

1. QuickBooks
Free trial
Accounting software for small businesses with AI agents for bookkeeping, invoices and cash flow.
2. Xero
Free trial
Cloud accounting software with AI help for reconciling, invoicing and understanding your numbers.
3. Monarch Money
Free trial
Personal finance app for budgets, net worth and goals, with an AI assistant for money questions.
4. Ramp
Free + Paid
Corporate cards and spend management with AI that reviews expenses and automates bookkeeping.
5. AlphaSense
Paid
Market intelligence platform with AI search across filings, transcripts and expert calls.

See all 13 AI finance tools

Xero FAQ

What is Xero?

Is Xero free?

Xero is a paid tool with a free trial. Check the official site for current limits and prices.

What can you do with Xero?

With Xero you can reconcile a month of bank transactions; send a repeating invoice; ask about your profit this quarter.

Who is Xero best for?

Small businesses that want simple, cloud-based accounting.

Does Xero have an app?

Yes. Besides the web version, Xero has apps for iPhone & iPad and Android.

Who makes Xero?

Xero is made by Xero.

What are the best alternatives to Xero?

Popular alternatives include QuickBooks, Monarch Money, Ramp and Brex. See the full ranking on our AI Finance & Accounting page.

AltFTool is not affiliated with Xero. This summary was written by our editors from the tool's public information. Browse all 451 AI tools