Xero prices are increasing
It has just been announced that Xero prices for subscribers to its Starter, Standard, Premium and Ultimate plans are increasing from the 13th September 2023.
Which Xero prices are going up?
- Starter will increase from £14 to £15 per month
- Standard will increase from £28 to £30 per month
- Premium will increase from £36 to £42 per month
- Ultimate will increase from £49 to £55 per month
(All prices are excluding VAT)
The price of any optional add-ons, such as Analytics, Projects or Payroll you may have as part of your subscription will not change.
If you’re currently paying a reduced subscription after using a promo code of any type, these will be honoured at the previously agreed price unit the end of the agreed period.
If you‘re a Xero user but are unsure what package you’re using, you can check that by going to ‘Subscription’ in your Xero account and the Subscription column will let you know.
How will the increase affect our invoicing?
Not all clients hold their own Xero subscriptions. Where we hold the subscription on the client’s behalf, we recharge the amount we pay in subscriptions in the month after we’re charged by Xero, so one month in arrears.
We’ll therefore see the impact of the Xero price increase in our invoice at the end of September and will amend our recurring invoices from 1st November to take account of the rise in prices. This invoice will include the October Xero subscriptions, when we’ll also add the ‘mop-up’ part month increase for the period from 13th to the 30th September.
Why are these Xero prices increasing?
Xero explain the increases as follows:
‘We continue to invest in our platform to deliver more efficient tools, powerful insights and access to faster payments, so you can collaborate seamlessly with your clients and get more time back.’
Our view…
Any increase in costs is unwelcome in the current economy, but we still think that Xero is probably the best system on the market, particularly around usability and constant development.
We’ll still advocate for clients to use Xero, but would also suggest the best return on your subscription is to use the system to its fullest. That includes making use of bank feeds, bank rules, reports and possibly options like Hubdoc, that are available at no extra cost, but that can make your life easier and give you better information about your business.
As ever, if you’d like to know more, or have any questions, do get in touch!
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