Exciting updates are coming to Xero! As of 12 September 2024, Xero is rolling out a new set of business plans designed to simplify your options and make it easier to access the tools you need to run your business. Say goodbye to the old Starter, Standard, and Premium plans, and hello to the new Ignite, Grow, and Comprehensive plans, along with an enhanced Ultimate plan. Here’s what you need to know.

The New Plans

Xero is introducing three new plans and refreshing the Ultimate plan:

  • Xero Ignite: Ideal for the self-employed and businesses just getting started. It covers the basics like reconciling bank transactions, capturing data from bills and receipts, sending up to 20 invoices a month, and tracking GST returns.
  • Xero Grow: Perfect for growing businesses. This plan adds payroll and expenses for one person, helping you automate admin tasks as your business expands.
  • Xero Comprehensive: Tailored for businesses with employees. It includes payroll for up to five people, multi-currency payments, and advanced cash flow predictions.
  • Xero Ultimate: This plan is packed with all the tools a growing business might need, including payroll, expenses, and projects for up to ten people, along with advanced forecasting and multi-currency options.

Click here for a more detailed look at Xero’s new plans.

What’s Changed?

The biggest change is that add-ons will no longer be sold separately. Instead, all the functionality you need will be included in the new plans. This means you’ll likely get more features for the same or even a lower price than before. Compare old plans with new here.

For those clients who purchase their Xero subscription through Sidekick we will liaise with Xero on your transition and advise you on the most appropriate plan to move to, we’ll be in touch!

For customers that manage their own Xero subscription, Xero will start moving existing customers to the new plans in phases, with the goal of having everyone transitioned by March 2025. You’ll receive at least 60 days’ notice before any changes to your plan, so there’s plenty of time to review your options.

For those ready to switch early, you can choose to move to a new plan anytime after 12 September 2024.

If you have any questions or need help selecting the best plan for your business, feel free to get in touch. We’re here to help!