While coming to the features in detail, you can customise the invoice layouts and track the invoice open rate by the recipients. The Xero accounting tool comes with the basic inventory module that allows you to track your stock. However, it doesn’t give you the option to track raw materials and unfinished products.
Xero also comes with payroll features to address the payroll needs of small businesses. Your employees can request leave, enter timesheets, and view payslips by choosing Xero. The premium Xero plan comes with multi-currency features and the FX rates are calculated in real-time. That means Xero is an excellent option for you if you have plans to take your business global.
The APIs of Xero allow you to quickly integrate the accounting tool with other systems and ensure seamless data exchange.
Xero is available for businesses in three different plans. While the Starter plan allows you to manage one payroll, it costs you AUD 27 per month. The Standard plan costs you AUD 54 per month and gives you the option to process the payroll of two employees. While coming to the Premium plan, you can process the payroll of five and it is priced at AUD 70.
The Premium plan allows you to pay an additional fee and increase the number of payrolls processed. All Xero plans come with optional add-ons such as claim expenses, analytics, and track projects. If you want to get only the payroll features to process the wages of your workforce, Xero offers a Payroll-only plan starting at AUD 10.