Xero is a cloud-based online accounting software designed for small businesses. Some of the key features of Xero include:

1. Financial management: Xero provides tools for financial management, including invoicing, payment processing, and bank reconciliation.

2. Reporting: Xero provides real-time reporting capabilities, including balance sheets, profit and loss statements, and cash flow statements.

3. Bank feeds: Xero integrates with banks, automatically importing bank transactions and reconciling them with your accounts.

4. Mobile app: Xero has a mobile app that allows users to manage their finances on the go.

5. Collaboration: Xero allows multiple users to access the software, making it easy for teams to collaborate and share information.

6. Integrations: Xero integrates with a wide range of third-party applications, including payment processors, inventory management systems, and payroll software.

7. Customizable: Xero allows businesses to customize the software to meet their specific needs, including the ability to add custom fields and reports.

8. E-invoicing: Xero allows businesses to send invoices and receive payments electronically, streamlining the invoicing process.

9. Multi-currency support: Xero supports multiple currencies, making it a good solution for businesses with international clients or operations.

10. Security: Xero is built with security in mind, with multiple levels of encryption and regular software updates to ensure data is protected.