Xero is the newest of the popular accounting software products available to SMEs, founded in 2006. It is a cloud-based software, with applications available for mobile devices as well.
Unique features of Xero include a free API that enables customers and 3rd-party software vendors to integrate external applications with Xero, and a projects feature.
Xero has won Canstar Blue's "Most Satisfied Customer" award four years in a row.
Xero is a subscription-only service with monthly plans ranging from $25 - $60.