A cloud-based service, Xero is a Software as a Service (SaaS) business, so you pay for a subscription rather than the actual software.
New Zealand-based Xero is a groundbreaking accounting service, designed to help companies keep their account up to date with a minimal amount of time and expertise. A cloud-based service, Xero is a Software as a Service (SaaS) business, so you pay for a subscription rather than the actual software. With versions designed for UK GAAP (Generally Accepted Accounting Principles), Xero is an ideal accounting package for small and medium-sized companies, and over 1.8 million companies use it. Since 2006 it has been at the cutting edge of making accounting more accessible to companies. Xero is also a partner to HMRC Making Tax Digital, where companies with a turnover above £85,000 a year are required to submit their tax returns over the internet. This makes it a popular choice with small businesses which often have the software suggested by accountants keen to reduce the administrative burden on microbusinesses and SMEs.