How to Determine the Best Xero Subscription for your Client

Xero’s New Affiliate Program

It’s about dang time…

Xero has just recently launched a new affiliate partner program for content creators, influencers, and… accountants like you.

You can still become an affiliate if you’re already an accounting partner.

What’s the difference?

As an accounting partner, you receive discounts for the clients you manage the subscription for.

As an affiliate partner, you’re simply providing an affiliate link, to whom you don’t offer services, to sign up for Xero.

In exchange, you’ll get a referral fee.

Easy-peasy right?

I’ve just signed up myself.

If your primary audience is SMBs sign up here.

If your primary audience is accountants and bookkeepers sign up here.

Which Xero subscription should you choose?

There are 5 subscription types that you should get familiar with when using Xero.

YouTube video below.

Partner Editions

You’ll need to become a Xero partner if you want access to the partner editions. If you are an accountant serving SMBs, I highly recommend that you sign up.

It’s free and you’ll get access to your own subscription of Xero to manage your books.

The following plans are not publicly available and are exclusive to you as a partner.

Ledger Plan ($3/month)

The best choice for annual tax clients or cash basis clients who don’t have reliable bank feed connections.

If you’re doing prep work for clients once a year, this plan is a steal.

You can import data, bulk reconcile transactions using Cash Coding, and export your financials.

Note: clients cannot reconcile in this plan and you cannot connect bank feeds

Cashbook Plan ($10/month)

Best for quarterly or monthly cash basis clients.

You get access to bank feeds with this plan and clients can be invited to help reconcile, if you wish.

Once those annual tax clients’ data lives in Xero, it presents an upsell opportunity for you.

Upgrading them from the Ledger to Cashbook is easy once you have the data in the system. Simply upgrade at any time to manage their books in real time.

Business Editions

Best for accrual clients aka invoicing, billing or multi-currency needs.

These subscriptions are publicly available to SMBs as well as accountants and bookkeepers.

The rates below are retail without any partner discounts applied.

All plans come with Hubdoc document management.

Early Plan ($15/month)

Best for businesses starting with few invoices + receipt management needs and low volume of transactions.

You are capped at 20 invoices and 5 bills per month.

Growing Plan ($42/month)

Best for businesses that need unlimited invoicing and billing.

If you are using payable services like BILL where invoices and bills are pushed to Xero, you’ll want to use the Growing plan to avoid integration issues.

You get Cash Coding with this plan.

Established Plan ($78/month)

Best for multi-currency and job/customer management.

I mostly see businesses using this plan only if they have multi-currency needs. Although it also comes with expense management and deeper reporting analysis.

For a more detailed walkthrough, check out the video below:

Xerocon Nashville

I just purchased my ticket!

Xero is offering $150 off on tickets through the end of April. If you’re planning on going, don’t forget to snag a ticket before the prices increase.

I hope to see you there 😁

Highlights in the Industry

From Isaac Perdomo:

From Jason Staats:

My Story: Building in Public

I’m new to the online business scene and want to share my story and process with you.

Transparently, I started a podcast to share this story but I don’t think that was the best platform for it.

Starting and growing a podcast is a whole business in itself… and it’s a lot of work, who knew? 🤷🏻‍♀️

I’ll link my first episode here if you want to know how and why I started this whole thing.

Each week, I’ll share my learnings, insights, progress, and strategy.

Read the full article here.