Xero for personal use
My main business uses a Xero subscription moderated by a by a book-keeper.
Is there are means to add personal non-business expense bank feeds into Xero under the same licence so they can be separately and privately monitored?
Ken Davis
shared this idea
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Mark Maiden
commented
I also wholeheartedly agree that Xero could offer a personal finance package. It would also help make their customers stick with Xero.
Please Xero give it some thought.
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Roger Cooke
commented
do you have a solution for SMSF and or people managing their personal financers
don't need invoicing / payroll etc just the ability to record transactions for different parts of your personal finance.
for example
SMSF
Family Trust
Investment Property
Personal Tax (donations, subscriptions etc.) -
Hannelie van der Linde
commented
How about a much cheaper monthly subscription fee for families wanting to keep very simple household accounts. No need to create invoices or bills. Starter is $35 per month (incl gst) - maybe $15 per month? I suspect lots of salaried people might be interested.
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Mike Cullum
commented
I run my life like a company, seems to work. Just cut down the chart of accounts to the bear minimum you need and away you go. A saving will of course be very helpful… come on Xero back office guys and gals. I am sure you could whip it up over a weekend..
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Taiita Champniss
commented
I also agree wholeheartedly. The other personal finance management tools and sites are generally terrible or not available outside of the US, eg Mint.
If Xero could just simplify one of their basic packages, it would be a god-send for us single operators who don't have the time to learn or bother with yet another system.
We also want to stay loyal to Xero and their fantastic product.
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Olwen Law
commented
It would be great to get a response from Xero if there are plans to have a version for personal use?
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Michael Barrett
commented
I agree wholeheartedly with Laura Gillan's comment of 18:45 on June 5, 2022 re: a version of Xero for personal use!
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Laura Gillan
commented
Hi,
I just wanted to write a quick message because I've used your program for a few years now and its great but I can't understand why you don't offer an accounting program for personal use?
Xero is a great program that offers very simple features to help run a business. Why not apply the same principal to personal finance. Being able to have a xero subscription that was able to connect to my personal bank accounts and could be used to reconcile all of my personal transactions would be fantastic. I could track my personal expenses like my business expenses and see everything in a profit & loss style sheet so I can easily see what money is being received and where my money is being spent.
A subscription like this would have to be affordable at something like $12 - $15 per month but it would offer drastically reduced features that aren't necessary to the average person so the cost would be in line with the product.
Think about the revenue you could create by simply modifying your existing program to work as a household budgeting tool. Right now, xero targets business owners. Imagine targeting the employees of those business owners as well...
Everyone I know still budgets and tracks their expenses in a excel document. Its a horrible experience to say the least.
Sure there are other products out there that offer these types of features but there's some problems with them too. I don't know those programs, I don't trust those programs, they're expensive and I already have a relationship with xero.
It would be an awesome subscription to have.