Financial budgeting software for UK small businesses
Swimming in spreadsheets and tools? Use the Budget Manager worksheet to create budgets in Xero. Connect your bank to monitor spending and cash flow. Run reports to stay on track. Submit VAT and MTD for Income Tax to HMRC seamlessly.
What to look for in business budgeting software
Make sure you build a solid foundation for your budgeting with user-friendly tools and workflows.
Connections with major UK banks
Check if a bank feed is available for your bank in Xero. Automatically import transactions and get intelligent matching.
Making Tax Digital compliance
Streamline VAT and MTD for Income Tax with seamless submissions to HMRC.
The ability to scale up
Growing your business? Xero allows multi-user access, different permission levels, and collaboration in the cloud.
Get clear on your cash flow
Plan ahead with Xero cash flow forecasting software. See your future cash in and out, and decide when to pay bills or tweak your budget.
- Create cash flow projections for the next 7 or 30 days
- See how upcoming bills and invoices affect your bank balance
- Upgrade to Xero Analytics Plus for cash flow projections up to 90 days
Stay in control of your budgets
Lots of projects or teams with their own budgets? Add Xero tracking categories to organise the expense records, and run reports to see how the numbers look.
- Get the lowdown with Xero’s budget summary report
- Compare actual spending to budgets with the budget variance report
- Import and export budgets
Reconcile bank transactions automatically
No more poring over bank statements. Connect your bank accounts to Xero and get all your data on one screen. And to reconcile transactions like a pro? Cut hours off your bookkeeping with automated bank feeds and easy document uploads. Xero automates data ingestion for fast, up-to-date accounting.
- Xero connects to many UK financial institutions, including major banks such as HSBC, Lloyds Bank, Halifax, TSB and Monzo
- Your bank transaction data regularly flows into your Xero organisation
- Let Xero’s bank reconciliation tool suggest transaction matches and just click OK
Makes your compliance fuss-free
It’s easy to prepare for Making Tax Digital with Xero’s HMRC-recognised software. Organise your financial records in one place and stay on top of your tax obligations with accurate reporting. Keep reliable figures at hand – including an estimate of your tax bill – to help figure out your budgets.
- Securely capture and organise your bills, receipts and other business documents in Xero, all in one place
- Send quarterly updates of your income and expenses directly to HMRC from within Xero
- Access Xero on your mobile device to stay on top of your business finances wherever you are
Plans to suit your business
All pricing plans cover the accounting essentials, with room to grow.
Simple
A new plan, specifically for non VAT businesses, with features designed for sole traders and landlords.
Simple
Usually £7
Now £1.40
GBP per month excluding VAT
Save £33.60 over 6 months
- Send invoices and quotes
- Accept online invoice payments^
- MTD for Income Tax ready
- Reconcile bank transactions
- Smart document capture
- View real-time reports
- Automate subcontractor CIS calculations and reports
Collaborate with your accountant
Xero makes it easy to collaborate. Maybe it’s asking a team member to set some budgets. Maybe it’s you and your accountant both using Xero to look at the same live data together. Whatever it is, replace fiddly email exchanges and apps with a slick way to work together.
- Allow multiple people to log into Xero at the same time
- Assign each person a suitable Xero user role, including advisor
- Keep a digital audit trail of who makes changes and when
- Add text blocks and notes to Xero reports to include extra information
Upgrade to track your project budgets
Manage client work with Xero Projects — compare estimates with actual costs to track profitability, monitor your budget, log team time, store receipts and expenses, and get accurate profitability insights whenever you need them.
- Track time on your phone with the Xero Projects app
- Allocate each expense to the relevant project and always know how much you’re spending
- Stay in control of your budgets and wider financial planning with clear figures and graphs
- See where you’ve overspent and lost out on profits to adjust your quotes next time
FAQs on Xero’s financial planning and budgeting software
Financial budgeting software gives you a reliable, organised system for your budgets and financial planning. Connect the tools you already use and keep everything working together in one place.
Xero software also simplifies your tax compliance by:
- keeping digital records of your transactions
- connecting to your business bank accounts for easy reconciliation and up-to-date figures
- ensuring everyone is looking at the same live data together
Financial budgeting software gives you a reliable, organised system for your budgets and financial planning. Connect the tools you already use and keep everything working together in one place.
Xero software also simplifies your tax compliance by:
- keeping digital records of your transactions
- connecting to your business bank accounts for easy reconciliation and up-to-date figures
- ensuring everyone is looking at the same live data together
Look for user-friendly features that save you time and manual work. For example, with Xero you can:
- reconcile your bank transactions on your mobile device with Xero
- more easily stay on top of your VAT and MTD for Income Tax obligations with seamless submissions to HMRC
- manage your cash flow with Xero’s forecasting tool
Look for user-friendly features that save you time and manual work. For example, with Xero you can:
- reconcile your bank transactions on your mobile device with Xero
- more easily stay on top of your VAT and MTD for Income Tax obligations with seamless submissions to HMRC
- manage your cash flow with Xero’s forecasting tool
Yes – Xero bank feeds are protected by multiple levels of security. HMRC recognised and trusted by millions.
And because Xero’s bank feeds and intelligent matching replace manual data entry, you reduce errors and more easily spot any suspicious activity in your bank records.
Yes – Xero bank feeds are protected by multiple levels of security. HMRC recognised and trusted by millions.
And because Xero’s bank feeds and intelligent matching replace manual data entry, you reduce errors and more easily spot any suspicious activity in your bank records.
It’s already part of the same system! Xero is accounting software with an all-in-one intuitive platform — helping you streamline the way you run your business.
For example, when you buy something for a client project, you can assign a bill or spend money transaction in Xero to the project to track spending and recover costs from customers. Keep your records precise with automated tracking, and bring your accounting data into a single source of truth.
It’s already part of the same system! Xero is accounting software with an all-in-one intuitive platform — helping you streamline the way you run your business.
For example, when you buy something for a client project, you can assign a bill or spend money transaction in Xero to the project to track spending and recover costs from customers. Keep your records precise with automated tracking, and bring your accounting data into a single source of truth.
Typically, people get up and running with Xero quite quickly. Here’s a rough guide.
- Simply connect your bank and watch automated bank feeds flow in.
- Use the Budget Manager worksheet to set up budgets in Xero.
- Importing historical data varies, depending on the quantity of data.
- Around half of small businesses say they got set up with Xero and felt ready to go in less than four hours.*
Xero has an intuitive design, and guided set-up instructions and technical resources to help. If you’d like your accountant to handle the job, just give them a Xero login and user permission level.
Typically, people get up and running with Xero quite quickly. Here’s a rough guide.
- Simply connect your bank and watch automated bank feeds flow in.
- Use the Budget Manager worksheet to set up budgets in Xero.
- Importing historical data varies, depending on the quantity of data.
- Around half of small businesses say they got set up with Xero and felt ready to go in less than four hours.*
Xero has an intuitive design, and guided set-up instructions and technical resources to help. If you’d like your accountant to handle the job, just give them a Xero login and user permission level.
Xero’s HMRC-recognised software simplifies your financial compliance, including for Making Tax Digital. Xero keeps a clear digital trail of your transactions, stores these in the cloud for whenever you need to run reports, and sends your submissions directly to HMRC.
Xero keeps up to date with product releases, including specific updates for some government and tax changes. For instance, Xero uses P6 and P9 notices from HMRC to update an employee's tax information.
Xero’s HMRC-recognised software simplifies your financial compliance, including for Making Tax Digital. Xero keeps a clear digital trail of your transactions, stores these in the cloud for whenever you need to run reports, and sends your submissions directly to HMRC.
Xero keeps up to date with product releases, including specific updates for some government and tax changes. For instance, Xero uses P6 and P9 notices from HMRC to update an employee's tax information.
Xero caters to all three. Freelancers can keep it simple with invoicing templates and straightforward expense-tracking, for instance. Startups and small businesses can use features like cash flow forecasting, reporting, and payroll.
Crucially, Xero has flexible pricing plans that you can switch between when your needs change. You can scale up your number of users, add features, and upgrade your analytics. You can also connect third-party apps to Xero to add niche features your business needs.
Xero caters to all three. Freelancers can keep it simple with invoicing templates and straightforward expense-tracking, for instance. Startups and small businesses can use features like cash flow forecasting, reporting, and payroll.
Crucially, Xero has flexible pricing plans that you can switch between when your needs change. You can scale up your number of users, add features, and upgrade your analytics. You can also connect third-party apps to Xero to add niche features your business needs.
Xero offers monthly pricing plans to help you find the right plan for your business. There’s a money-back guarantee, too.
And you can try Xero free for 30 days. This way, you can see for yourself how much time you can save.
Xero offers monthly pricing plans to help you find the right plan for your business. There’s a money-back guarantee, too.
And you can try Xero free for 30 days. This way, you can see for yourself how much time you can save.
Start using Xero for free
Access all Xero features for 30 days, then decide which plan best suits your business.
- Safe and secure
- Cancel any time
- 24/7 online support
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