Xero have today announced that they are introducing new pricing for all Xero subscribers to come into effect from 15th September 2022. The last Xero price increase came into effect in September 2021 having previously frozen their prices during the covid pandemic to show support for businesses and give them the ability to keep a tight control of their finances.
With prices seemingly increasing daily across the board, we know this is probably expected but this Xero price increase ensures the platform can continually develop the product so you get the best experience and use for your business.
We will continue to champion Xero as Xero champion partners, as we believe it gives the best experience for business owners to keep track of their income and expenses, all wrapped up in an easy to use package.
Xero Price Increase – why are the prices changing?
As a cloud accounting company, Xero continue to invest and develop the Xero product, and regularly release new updates and improvements for their customers. In the last year this has included the introduction of new cleaner reports, short term cash flow and business snapshot reports to give business owners better insights into their financial information, and the launch of Analytics Plus.
To continue to make Xero better for its customers, this means that their will be a small increase in prices. Prices will increase as follows:
Starter = £14 per month (currently £12 per month) – includes 20 sales invoices and quotes, 5 bills, Hubdoc and Bank Feeds (addons for payroll, cis, expenses, projects, pay with wise and analytics plus are extra).*
Standard = £28 per month (currently £26 per month) – includes starter benefits with no restrictions on quantity, plus short term cash flow and business snapshot reports (addons for payroll, cis, expenses, projects, pay with wise and analytics plus are extra).*
Premium (Multi Currency) = £36 per month (currently £33 per month) – includes standard benefits with multi currency transactions (addons for payroll, cis, expenses, projects, pay with wise and analytics plus are extra).*
Xero add-ons* are priced as follows:
- Payroll – from £5 per month for up to 5 employees, then £1 per each additional employee
- CIS Reporting – £5 per month
- Expenses – £2.50 per employee per month
- Xero Projects – £5 per user per month
- Pay with Wise – from £3 per month for 10 transactions
- Analytics Plus – £5 per month
*All prices are in GBP and exclude VAT charged at 20%
What else is new?
The new Xero Ultimate Plan (priced at £49 + VAT per month), includes everything included in the premium subscription, plus payroll for up to 10 employees, expenses and projects for up to 5 employees, and advanced insights with analytics plus which gives access to more detailed reports than the standard plan.
There’s no price change for optional add-ons you have as part of your subscription with Xero, or for the Ultimate plan.
So, what do you need to do?
Those of you who currently hold a Xero license you will see a change in your Xero invoice amount in September 2022.
If you pay for your license through Freedom in Numbers, your invoice will reflect the price change in September 2022.
It’s also worth noting that if you’re a subscriber with a current discount or promo code, this will continue to be applied to the new pricing until the end of the promo period.
If you have any questions about the Xero price increase, or would like to talk about getting more from the software, please get in touch.
