As a business owner, it’s important to stay updated on changes in your accounting software. Xero is making some pricing and subscription level adjustments starting from 12th September 2024. Insight Finance Solutions is here to help you choose the best plan for your business.
Xero’s Pricing Changes
Xero has announced updates to their pricing to offer better solutions for businesses of all sizes. These changes reflect the added value of new features and improvements.
Key Pricing Adjustments
- Starter Plan: The monthly fee for the Starter plan will increase slightly. It will now include more features like improved invoicing and bank reconciliation.
- Standard Plan: This plan will see a moderate price increase, reflecting added features such as project tracking and advanced reporting tools.
- Premium Plan: The Premium plan will have a notable price increase, offering comprehensive tools for larger businesses, including multi-currency support and extensive financial analytics.
New Subscription Levels
Xero is also introducing new subscription levels to better meet the needs of different businesses:
- Xero Lite: Ideal for freelancers and small businesses with basic accounting needs. This plan includes essential features like expense tracking, invoicing, and basic reporting.
- Xero Growth: Aimed at growing businesses, this plan offers additional tools for project management, detailed financial reporting, and inventory tracking.
- Xero Enterprise: Designed for larger businesses, this plan includes all the advanced features of the Premium plan, plus support for multiple currencies and detailed analytics.
The Xero Ultimate Plan
The Xero Ultimate plan is perfect for businesses with employees or those planning to scale. From 12th September 2024, this plan will include:
- Payroll, expenses, and projects for up to ten people.
- Up to 15 bill payments per month, with an additional £0.20 per extra bill payment (excluding VAT).
- Advanced cash flow predictions (Analytics Plus) and multi-currency support.
Why These Changes Matter
These pricing and subscription level changes show Xero’s commitment to providing scalable solutions that grow with your business. By aligning their pricing with the value and functionality of their services, Xero ensures that businesses of all sizes can access the tools they need.
How Insight Finance Solutions Can Help
Understanding these changes can be challenging, but we are here to help. We specialise in helping businesses optimise their accounting processes and choose the right software plans. Our team will work closely with you to assess your current accounting processes and future goals to determine which Xero plan best suits your business. We’ll ensure you’re not overpaying for features you don’t need while making sure you have the tools that will drive your business forward. As your business evolves, we’ll continue to review your plan and make adjustments to ensure you always have the best tools at the right price.
Get Started Today
Don’t wait until the last minute to adjust to Xero’s new pricing and subscription levels. We are ready to help you navigate these changes and find the perfect Xero plan for your business.
Get in touch today and let’s ensure your business is prepared for Xero’s pricing changes and set up for continued success.