If you’re using, or planning to use, Xero for your bookkeeping and payroll needs, here’s what you need to know about the new pricing and plans effective from July and October 2024.
Overview of Changes
Xero began its pricing plan changes in May 2024, and these changes are now fully effective from July 1, 2024. Existing clients on plans with the same or potentially lower prices will be moved to new plans in October 2024, allowing you to benefit from new features. To ensure no additional price increases for customers within the 2024-2025 financial year, any clients facing a price increase will be moved to new plans in July 2025.
Key Points to Note:
- Plan Migration: Clients on plans with the same or lower price will be moved to new plans in October 2024. Those facing a price increase will be moved to new plans in July 2025.
- Changes to Plans: Any changes to an old plan (removing an add- on or transferring a subscription) will result in moving to a new plan, and you will not benefit from the price freeze as mentioned above.
- Old Plans Phased Out: Effective from July 1, 2024, old plans such as Payroll Cashbook, GST Cashbook, Payroll Only, Starter, Standard, and Premium plans will no longer be available and will be replaced with new similar plans.
- No Additional Price Increases: Apart from the increase applicable in July or October 2024, Xero has committed to ensuring no further price increases for customers within the 2024-2025 financial year.
Summary Table of New Plans and Pricing
For a detailed summary of the new plans and pricing, please refer to the Xero New Pricing Plans Overview.
For any questions or further assistance, please contact Luisa or your client relationship manager.
Author: Quang Tat
*Correct as of 30 October 2024
*Disclaimer – Kreston Stanley Williamson has produced this article to serve its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas in this article, you must seek advice about your circumstances. Liability is limited by a scheme approved under professional standards legislation.
