At My Two Cents Accounting, we are committed to keeping our clients informed about important changes that may affect their business. We wanted to notify you about upcoming changes to Xero’s pricing and plans, which will take effect from 12 September 2024. We understand that price increases can be challenging, especially in the current economic climate, and we want to provide you with all the necessary information to help you navigate these changes.
Quick Summary:
Xero plans will increase in price from 12 September 2024.
Those with the payroll add-on will be impacted significantly. Our bookkeepers will call you directly to discuss options.
Starter, Standard, and Premium Plans will not be available to purchase, upgrade, or downgrade to from 12 September.
Three new business plans—Xero Ignite, Xero Grow, and Xero Comprehensive—will be offered, enhancing the existing Ultimate plan.
Add-ons will no longer be sold separately; instead, their functionality will be included in the new plans.
Your existing plan will be upgraded between 12 September 2024 and March 2025. Xero will notify you directly and give you 60 days’ notice should you wish to choose another plan option.
See details below including links to view, change or compare your current plan.
Upcoming Xero Price Changes
On 12 September 2024, the price of Starter, Standard, Premium, and Ultimate plans will increase in NZ.
Starter
Current: $33/mo
New: $35/mo
Change: +$2
Standard
Current: $71/mo
New: $75/mo
Change: +$4
Premium
Current: $94/mo
New: $99/mo
Change: +$5
Ultimate
Current: $105/mo
New: $113/mo
Change: +$8
Learn more about Xero’s enhanced Ultimate plan and plan changes from 12 September 2024. All pricing is in NZD and excludes GST.
Details about the Price Change
These changes relate to Starter, Standard, Premium, and Ultimate subscriptions in NZ.
From 12 September 2024, Xero will no longer be selling the Starter, Standard, and Premium plans.
Introducing the New Plans from Xero
Xero has informed us they are simplifying the choice of plans to better meet your needs. Here’s their new plan line-up:
Xero Ignite Plan
The Xero Ignite plan provides accounting basics to help simplify business admin for the self-employed and businesses that are starting out. It includes:
Reconciling bank transactions
Capturing data from bills and receipts with Hubdoc for simpler record keeping
Sending up to 20 invoices and entering 5 bills a month
Tracking and filing GST returns
Xero Grow Plan
The Xero Grow plan offers streamlined accounting tools to help automate admin for self-employed and growing businesses. It includes payroll and expenses (expense and mileage tracking) for one person a month.
Xero Comprehensive Plan
The Xero Comprehensive plan includes streamlined accounting and payroll for businesses with employees. It includes:
Payroll and expenses (expense and mileage tracking) for up to five people a month
Send and receive payments in multiple currencies
Advanced cash flow predictions (Analytics Plus)
Xero Ultimate Plan
The Xero Ultimate plan includes accounting, payroll, and forecasting tools for businesses with employees or those who want a plan that includes features to scale for future growth. From 12 September 2024, it will include:
Payroll, expenses (expense and mileage tracking), and projects for up to ten people
Advanced cash flow predictions (Analytics Plus) and multi-currency
Phased Move to New Plans
From 12 September 2024, Xero will begin moving subscribers to a new plan in phases, considering their current plans and add-ons. You will receive a minimum of 60 days’ notice before any changes.
Timeframe for Moving to New Plans
Xero intends to move subscribers to new plans by March 2025.
Useful Links
We understand these changes may cause concern and we are here to support you through this transition. Please feel free to contact us if you have any questions or need further assistance.
