Major changes to Xero accounting software

Xero, one of the world’s favourite and fastest growing accounting software companies, has recently announced some changes to their standard and premium packages and prices. Many of our small business customers are using online and cloud accounting, so please take note of these changes if you are a Xero user.

These changes have come about as a result of recent updates to the financial management software. Xero received gold level certification last year for the ATO’s new SuperStream system, launched a new mobile app, and made other changes and refinements to areas such as payroll, leave and paying out final earnings.

As a result of these advances and to reflect innovations that will be coming soon, Xero will be changing their standard and premium plans and rates on the 2nd of June, 2016.

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Here is a summary of the changes:

• Change to Standard plan ($50 per month) to reduce payroll limit from 5 employees to 1 employee.
• Introduction of new plan, Premium 5, which includes payroll for five employees for $60 per month.
• Price increase for Premium 10, 20, 50 and 100 plans by $10 per month.

Check your Xero account to see your current plan details and monitor for any changes to your account in June. If you are on a standard plan and have more than one employee on your payroll in May, you will be automatically migrated to the Premium 5 plan on the 2nd of June.

Visit Xero’s blog for more information about these changes, or speak to your Xero account manager.

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