The software is easy to use and adapts alongside your business, making it our best pick for growing businesses. Compared with other alternatives that we reviewed, Xero is perhaps the best-known and most widely used software outside of QuickBooks (although more so internationally than in the U.S.). Whether your business is in the early stages or growing, Xero has a plan and features that will meet your needs. The cards also have quick buttons for tasks like creating an invoice or a new bill. The information is displayed on movable cards that you can arrange to your liking.

There’s also a button that tells you how many items you need to reconcile. Xero’s interactive dashboard displays graphs and charts for key information, such as invoices due, bills you need to pay and a history of your bank account balance. You don’t want to start your business with complex and cumbersome accounting software that takes forever to learn. Xero is easy to use, which is another reason we chose it as best for growing businesses. We also like that you can manage both customers and suppliers with this accounting software and organize them into groups. You can print and archive reports, as well as export them as PDF, Excel or Google Sheets files. These tools let business users and bookkeepers tailor their reporting experience to the needs of their organization. Xero recently added a slew of new reporting options that offer greater customization and flexibility. Xero’s software can also run more than 50 reports, including profit and loss statements, aged receivables, and a general ledger. You may require more apps as your business grows, so this point of differentiation is important to keep in mind. Xero offers more than 1,000 integrations with existing business software applications.

Xero’s pricing and plans are based on size, making it the best accounting software for growing businesses. Often you want an accounting program that you can stick with over the long haul, and that’s where Xero comes in. But as a company grows, its financial needs change.

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