I’ve been a shareholder in Xero from its initial float (and before they had any customers!) but only been using it in my own business for six months or so.
We were using MYOB and as I had paid for that software, I was a bit resistant to going to a monthly subscription but my business manager, Anna, actually convinced me of the benefits after she had used it elsewhere. So we went ahead and subscribed at $49/month.
I can’t describe how great it has been. The synchronization with online banking has saved hours of time, but most of all I can just login to Xero from anywhere in the world and see what bills have been paid or need authorisation, what invoices are going out to our clients etc, and most of all our profitability.
Xero have announced to the share market yesterday, and are advertising the changes – a new pricing model. Currently it is $49 a month for everyone, but now there are three options:
- $29/mth – ideal for contractors and freelancers with a small number of transactions
- $49/mth suited to most business
- $64/mth for businesses that need multi- currency conversion
Xero is keen on feedback from readers, especially those who are freelancers, contractors or in a small business, about how you currently do your accounts (do you just use spreadsheets), what features you most want, is the new price level attractive and is the transaction limit okay?
Details of the packages have been blogged by Rod Drury.
Xero’s product manager (Andrew Butel) and communications manager (Helen Matterson) will be part of the conversation, and I expect Rod D will pop his head in also!