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Listed online accounting software company Xero has changed its pricing plan for SMEs from a single price point to three tiers.

Since it was listed two years ago Xero had a 'one size fits all' pricing plan of $49 at month.

Next month it is introducing prices for small, medium and large businesses from $29 a month through to $64 a month.

"The change broadens Xero's appeal to more customers across the SME spectrum," the company says. For instance the large plan includes sophisticated features that only some customers will need, such as multi-currency conversion for exporters and importers.

Small has all the standard features of Xero but the cost is more affordable to customers who have low levels of transactions, such as small property investors and freelancers.

"We're delighted to get to the point where the feature set in Xero has become comparable, and in many cases exceeded, the last generation of desktop software," Xero chief executive Rod Drury says.

"With recent investment in our hosting capability we can now deliver Xero at a price point that will make Xero compelling to a further, large segment of the market - many of whom have been doing accounting manually or using spreadsheets", he says.

The new plans will also be available in Australian, United Kingdom and Global versions of Xero at appropriate pricing for each market.

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