Important Announcement for all Xero users – Pricing Changes

Posted On March 17, 2021

As you may remember, Xero delayed a price change that was due to take place in Australia in March 2020 to help the small business community impacted by COVID-19. This delay remained in place until early this year (2021) and Xero’s price change has instead taken effect from 1 March 2021.

This price change will help Xero continue to respond quickly with the tools and services you need to operate efficiently in changing environments, and improve Xero now and in the future. From 1 March 2021, the price of Xero Starter, Standard and Premium plans is increasing by $2 a month in Australia. There is no price increase to Payroll Only subscriptions.

It has been a while since the last Xero price change not to mention the fact that there are additional benefits coming with this price increase. To compensate for the price rise, Xero are now adding Hubdoc to their suite of functions which are included in the Business Plans a saving of $27.50 per month.

Hubdoc is a Document Collection and Management system, and with it’s world-class data capture technology as part of your day-to-day toolkit you will get:

  • Easy bill and receipt capture – Hubdoc makes it easy for clients to upload bills and receipts using their desktop, mobile device, email or scanner – giving you access to the documents you need, when you need them.
  • Automated data entry – Once documents are uploaded to Hubdoc, the key data is automatically extracted and synced to Xero as accurately coded transactions.
  • One-click bank reconciliation – Xero then matches these transactions to the bank feed for one-click reconciliation.
  • Secure and centralised document management – All client documents are searchable and easy to access from anywhere in the world.

It has been around for some time now, but Xero actually acquired the product in 2018, and they are now absorbing it into their main offering.

Click this link to see the updated price changes.

For all clients on Fixed Price Agreements that include their Xero subscriptions, we will absorb the price increase until the anniversary of your current agreement. So at this time there will be no change to your monthly fee. (Another advantage of a Fixed Price Agreement)

For all clients who are not on Fixed Price Agreements including their Xero subscriptions, but who pay for their Xero via Nortons, either billed with your BAS or on a regualr invoice, your next monthly fee will reflect the new price. Accordingly, your monthly Direct Debit will also reflect the new price.

Should you require any further information regarding the price rises or how they effect you and your fees, please don’t hesitate to contact our office.