As part of the increased costs that businesses are facing in 2023 with the cost of living crisis, Xero have announced that they are introducing new pricing for all Xero subscribers to come into effect from 13th September 2023.
Xero appear to be reviewing prices annually in September each year, and have increased prices each September since 2021, so this probably won’t come as a surprise!
With prices increasing daily across the board for all businesses, 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.
As you’re all aware, we love Xero, and will continue to champion Xero as Xero champion partners. We still believe it gives the best experience for business owners to keep track of their income and expenses, designed to be used by business owners, not accountants!
Xero Price Increase – why are the prices changing?
Xero continue to invest and develop the Xero product, and regularly release new updates and improvements for their customers. Most recently, they have been improving the reports and the general look of Xero, so you will have seen the usual screen layout changing in various areas.
Along with the changes to reporting and the general layout, Xero have been improving the projects function, and introducing more and more direct bank feeds from some of the lesser known banks.
To continue to make Xero better for its customers, this means that prices will be increasing slightly, and are as follows:
Starter = £15 per month (currently £14 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 = £30 per month (currently £28 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) = £42 per month (currently £36 per month) – includes standard benefits with multi currency transactions (addons for payroll, cis, expenses, projects, pay with wise and analytics plus are extra).*
Ultimate = £55 per month (currently £49 per month) – includes premium level benefits plus payroll for up to 10 people, expenses for 5 people, projects for 5 people and analytics plus.
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%
There’s no price change for optional add-ons you have as part of your subscription with Xero.
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 2023.
If you pay for your license through Freedom in Numbers, your invoice will reflect the price change in September 2023.
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.
