At Xero, we are always looking for ways to innovate to make our platform an even more powerful tool for small businesses and the accountants and bookkeepers who support them.
In the last two years, we’ve devoted almost $250 million in research and development to deliver new features and improved functionality. And in the last month alone, we’ve announced major enhancements, including the acquisition of Hubdoc to deliver on our vision for code-free accounting, and a partnership with Gusto to deliver full-service payroll.
Today, we are taking the next step forward by announcing new pricing plans designed to help businesses grow with Xero. These new plans will take effect on November 1, 2018:
- ‘Early’ plan (formerly ‘Starter’) is an easy and intuitive solution for businesses that handle a few transactions each month. This plan will be $9/month.
- ‘Growing’ plan (formerly ‘Standard’) makes it easy for growing businesses to track all business costs and revenue. This plan will be $30/month.
- ‘Established’ plan (formerly ‘Premium’) has the most comprehensive Xero services, including multi-currency capability as well as time-saving features Expenses and Projects. This plan will be $60/month.
You will be automatically updated to the relevant new plan on November 1, 2018. You can also easily switch plans as your needs evolve.
New features for the ‘Established’ plan
We’re pleased to announce that the ‘Established’ plan will be priced at $60/month, lower than the existing ‘Premium’ plan, which ranges from $70-$180/month. The ‘Established’ plan will also include two exciting new features:
- Xero Expenses has the tools and insights small businesses need to easily and efficiently track and manage expense claims.
- Xero Projects is a simple, mobile-friendly, real-time project management tool built right within Xero.
Projects and Expenses will not be charged on a per user basis, allowing customers to continue using these features at the same price as the business grows.
Streamlining work with Hubdoc
We’re thrilled by the positive reaction from the Xero community since announcing the acquisition of Hubdoc, a leading data capture solution that helps small businesses, accountants and bookkeeper focus their efforts on making sense of financial data – instead of collecting it.
Customers on all three new pricing plans have the opportunity to use Hubdoc to help automate data entry work. Small businesses are encouraged to work with their accountant or bookkeeper to understand the best way to incorporate Hubdoc — click here for special offers.
Full-service payroll from Gusto
Our new partnership with Gusto is a direct response to feedback from small business, accountants and bookkeepers who told us they wanted a full featured, full service payroll offering. Gusto delivers this, handling all critical aspects of US payroll administration on behalf of the small business owner, including all federal, state and local payroll taxes.
Gusto will be deeply integrated into the Xero platform and become the core payroll solution for Xero customers in the US. This integration will include features such as single-sign-on, so that customers can seamlessly access their Gusto account using Xero credentials.
Full-service payroll plans are available for a monthly subscription fee starting from $39 + $6 per user. To celebrate this new partnership Xero and Gusto are offering two months of free payroll service: small businesses can enroll here and accountants and bookkeepers here on behalf of clients. If you or your client is an existing Xero payroll customer, the subscriber can log into Xero Payroll and click the banner for more info on how to migrate and take advantage of a limited-time offer.
Helping the growing US Xero community thrive
We’re excited by the progress we’ve made with the Xero platform in recent years. But we’re even more excited about the opportunity ahead. Our new pricing plans, combined with our work with Hubdoc and Gusto, will help the growing community of US Xero small businesses, and the accountants and bookkeepers who support them, continue to thrive.
What do I need to do if I am an existing customer?
The short answer is, nothing. Your existing plan will automatically be updated on November 1, 2018:
- ‘Starter’ plan customers will be updated to the ‘Early’ plan. The price will remain $9/month.
- ‘Standard’ plan customers will be updated to the ‘Growing’ plan. The price will remain $30/month.
- ‘Premium’ plan customers will be updated to the ‘Established’ plan. The price will be lowered to $60/month.
When will I see the changes on my invoice from Xero?
The price changes take effect for existing and new plans from 1 November 2018 and will show on invoices from this date onwards. Invoices will likely have two lines: the period up to the price change, and the period after the change.
What does this mean if I am currently using Expenses or Projects as part of the Standard or Basic plan?
The free trial for Projects and Expenses for customers on the Standard or Starter plans will continue until December 31, 2018 (customers need to activate the features before November 1, 2018). Customers who wish to continue using these features are encouraged to upgrade to the new Established plan.
Customers who have been using the classic expense claims feature will continue to have access to the functionality.
What do I do if I am currently using Xero payroll?
As we announced on July 20, 2018, we’re winding down the US Xero payroll product as a result of our partnership with Gusto. US payroll customers will be able to use the existing product until December 31, 2018. Log into your Xero Payroll to learn more about how to switch and get access to special promotions.
I have a discount or promo code from Xero. Will it be honored?
If Xero has provided a current discount or promo code, it will continue to be applied to the new pricing from November 1, 2018 until the code expires.
How does this impact the Partner Program?
We have a partner-specific blog post that covers the new points boost and certification change for the US partner program.