Xero

Cloud-based accounting and financial management for nonprofits and social purpose organisations.

Xero is a cloud-based accounting platform used by organisations to manage invoicing, expenses, bank reconciliation, and financial reporting. It is widely used by organisations operating across multiple countries, offering multi-currency support and integration with a wide range of financial and business tools.

Programme finance challenges for nonprofits and social purpose organisations

Challenge

Managing funds across multiple countries and currencies can make financial tracking complex

Donor and grant reporting requires structured financial records across programmes and geographies

Financial data is often spread across tools, making reconciliation difficult

Limited integration between financial systems and programme operations reduces visibility.

Solution

Tools like Xero enable organisations to manage accounting, multi-currency transactions, and financial reporting within a single platform, enabling structured tracking across programmes and funding.

Key capabilities of Xero

Four core capabilities that support financial management and reporting across programmes and geographies

Multi-currency accounting

Record and manage transactions across currencies to support organisations receiving or managing international funding

Invoicing and expense management

Track income and expenses across programmes to maintain structured financial records

Bank reconciliation

Reconcile transactions across multiple accounts to ensure accuracy in financial reporting and audits

Reporting and integrations

Generate financial reports for internal tracking and donor reporting, with integrations to tools such as Stripe and PayPal

Pricing for nonprofits

Xero uses a subscription-based pricing model and organisations should confirm any nonprofit eligibility or discounts directly on Xero’s website.

Free Plan

basic invoicing and expense tracking
limited transactions and reporting
suitable for very small teams or organisations with low financial activity

Standard plan

full invoicing, billing, and bank reconciliation
automated workflows and financial reporting
suitable for organisations with regular financial operations

Premium plan

includes multi-currency accounting
advanced reporting and financial tracking
suitable for organisations managing international funding or cross-country operations

Best suited for which nonprofit organisations?

Organisations operating internationally

Supports multi-currency accounting and global financial workflows

Organisations requiring integrations

Connects with a wide ecosystem of financial and operational tools

Small to mid-sized organisations

Provides structured accounting without complex ERP systems.

Similar tools

Zoho Booksstronger India-specific GST compliance

TallyPrimecompliance-heavy, desktop-first workflows

Vyaparsimpler GST billing and invoicing

Frequently Asked Questions

What is Xero used for?

Xero is used to manage accounting processes such as invoicing, expense tracking, bank reconciliation, and financial reporting.

Is it suitable for nonprofits?

Yes. Xero can support nonprofits that require structured accounting and multi-currency capabilities. However, organisations managing grants or restricted funds may need additional tools or integrations.

Does it support multi-currency?

Yes. Xero includes built-in multi-currency functionality, allowing organisations to transact and report across different currencies.

How does it compare to Zoho Books?

Xero is generally stronger for organisations operating internationally, while Zoho Books offers deeper support for India-specific compliance and regulatory requirements.

Want to learn more?

Visit Xero