Xero has continued to grow in popularity and functionality.

Xero has recently upgraded its Item capability to be a complete Inventory system, for tracking stock items that you buy and sell. You can access the new improved Xero Inventory system via the Accounts menu.

Xero uses the common average cost system for allocation of cost and provides some basic reporting all at no extra cost.

Further, Xero now has a complete Payroll system that tracks annual and other leave entitlements, manages Kiwi Saver and more.

The Standard edition of Xero includes the ability to manage one employee. If you have more than one employee then you will need to subscribe to the Xero Premium 10 package (which manages up to 10 employees). At a low monthly price of $75 plus GST this is very competitive compared to other Payroll solutions on the market. If you have more then 10 employees then Xero has a number of other packages available to meet your needs.

Price change for those on the current Premium package (this package provides multi-currency functionality). Xero has advised that for those customers currently on the Premium package ($65 plus GST per month) it will continue at this price break until 1 April 2016, at which time the price will increase to align with the new pricing of Premium 10 ($75 plus GST per month). However, if you wish to use the Payroll function then the price will change to the Premium 10 rate as soon as you start to use the Payroll function.

If you want to discuss switching to Xero or how your business can utilise any of the features within Xero then contact one of our Xero consultants.