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Xero
by
Pros
- Excellent bank reconciliation with smart matching and daily feeds
- Clean, intuitive interface that doesn't require an accounting degree to navigate
- Strong multi-currency support for international transactions
- Hubdoc included free for receipt/bill capture across all plans
- 1,000+ integrations for extending functionality
- Solid mobile apps for core tasks on the go
Cons
- US payroll functionality is basic—most businesses integrate external solutions
- Phone support costs extra instead of being included
- Advanced inventory and project tracking require third-party apps
- Early tier is too limited for most businesses to start with
Best For
Small businesses (1-50 employees) needing reliable cloud accounting with strong bank reconciliation, particularly those handling international transactions or working collaboratively with bookkeepers. Service businesses and straightforward product companies will find it hits the sweet spot between features and complexity.