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Disclosure: Company123 is a Xero partner and may receive a referral fee when you sign up through our link. You pay nothing extra, and it does not change the discount you receive.
Quick answer: The Company123 Xero offer gives new Xero customers in Australia 100% off any Xero plan for their first 6 months. There is no code to type: the discount applies automatically when you sign up through the Company123 partner link. Savings range from $222 (Ignite) to $858 (Ultimate 10), or $3,000 on Xero Ultra. After 6 months your plan continues at Xero's standard price, month to month, with no lock-in contract.
| Offer detail | Company123 Xero offer |
|---|---|
| Discount | 100% off your Xero subscription for 6 months |
| Plans covered | Ignite, Grow, Comprehensive, Ultimate 10 and Ultra |
| Who can claim | New Xero customers who have never held a paid Xero subscription |
| How to claim | Sign up through the Company123 partner link. No code, no ABN needed to start |
| Maximum saving | $858 on Ultimate 10; $3,000 on Ultra (AUD, inc GST) |
| After 6 months | Standard Xero pricing, month to month, cancel any time |
| Partner since | July 2024 (Company123 + Xero partnership) |
| Last verified | October 2026 |
The Company123 Xero promo code is a partner discount that gives new Xero customers 100% off any Xero Australia plan for 6 months. It is supplied through Company123's direct partnership with Xero's Australian partner program, in place since July 2024.
Despite the name, there is no code to enter. The discount is attached to the Company123 partner link and applied automatically at Xero's checkout, where you see the $0 price before you confirm.
Company123 is an Australian company-registration service established in 2014. It has helped more than 30,000 new businesses get started and issued more than 520 Xero redemptions in the past 12 months.
Claiming the Xero discount takes one sign-up and about a minute:
Xero sells five main plans in Australia. Prices below are AUD per month including GST, and reflect Xero's price increase of 1 July 2026 and the launch of Xero Ultra on 7 July 2026. Full details are on Xero's pricing page.
| Plan | Standard price | With Company123 (first 6 months) | Payroll staff included | Best for |
|---|---|---|---|---|
| Ignite | $37/month | $0/month | 1 | Sole traders and new businesses with low invoice volumes |
| Grow | $78/month | $0/month | 2 | Sole traders and small businesses that invoice often |
| Comprehensive | $107/month | $0/month | 5 | Small teams; multi-currency or project tracking |
| Ultimate 10 | $143/month | $0/month | 10 | Established businesses wanting Analytics Plus and more users on expenses and projects |
| Ultra | $500/month | $0/month | 10, then $2 each (max 200) | Medium businesses with several entities and complex reporting |
Xero also sells larger Ultimate tiers for more payroll staff: Ultimate 20 ($180), Ultimate 50 ($250) and Ultimate 100 ($300). Extra payroll employees beyond a plan's allowance cost $5 per person per month on Ignite to Ultimate.
Note on plan names: Xero's older Australian plans (Starter, Standard and Premium) were replaced by Ignite, Grow and Comprehensive. Ultimate sits above them, and Ultra was added in July 2026.
Ignite is Xero's entry plan for sole traders and new businesses. It includes 20 invoices and quotes per month, entry of 5 bills per month, bank reconciliation, GST tracking and BAS lodgement to the ATO, receipt capture through Hubdoc, and payroll with automated super for 1 employee. The 20-invoice cap counts approved and sent invoices, so most active sole traders outgrow Ignite quickly.
Grow removes Ignite's transaction limits: unlimited invoices, quotes and bills, plus payroll with automated super for 2 employees. It is the usual choice for sole traders and small operators who invoice per job, because unlimited invoicing is typically the first feature a growing business needs.
Comprehensive adds payroll for up to 5 employees, expense and mileage claims for 5 users, multi-currency across 50+ currencies, and project time and cost tracking. It suits businesses with 3 to 5 staff, or any business billing by the hour that needs to see project profitability.
Ultimate 10 includes everything in Comprehensive plus payroll for up to 10 employees, expense claims and project tracking for more users, and cash flow forecasting through Xero Analytics Plus.
Ultra launched in Australia on 7 July 2026 for medium-sized businesses that have outgrown standard accounting software but do not need a full ERP system. It includes Syft Advanced consolidated reporting across up to 5 entities, scenario modelling and forecasting, priority support with access to a Xero expert, targeted data restores up to twice a year, and payroll for 10 employees then $2 per extra employee (up to 200). See Xero's Ultra page.
The Company123 offer saves between $222 and $3,000 over 6 months, depending on the plan. Figures are AUD including GST, at Xero's prices from 1 July 2026.
| Plan | Standard price | 6 months at standard price | Saving with Company123 |
|---|---|---|---|
| Ignite | $37/month | $222 | $222 |
| Grow | $78/month | $468 | $468 |
| Comprehensive | $107/month | $642 | $642 |
| Ultimate 10 | $143/month | $858 | $858 |
| Ultra | $500/month | $3,000 | $3,000 |
For comparison, Xero's own new-customer offer is usually a percentage off for 3 months; in September 2026 it was 90% off for 3 months. On the Grow plan that saves $210.60, compared with $468 through Company123.
On payroll cost alone, Comprehensive is cheaper for up to 10 employees. Comprehensive includes 5 payroll employees at $107/month, and each extra employee costs $5/month, so 10 employees cost $132/month compared with $143 for Ultimate 10. Choose Ultimate 10 if you need Analytics Plus forecasting or expense claims and project tracking for more than 5 users, not to save on payroll.
The Xero discount suits Australian sole traders, subcontractors and small to medium businesses, and Ultra extends it to medium businesses with several entities. Common fits include:
The main Xero alternatives in Australia are MYOB, QuickBooks Online and Reckon One. Entry prices (AUD per month) are:
| Software | Starting price | Where it fits |
|---|---|---|
| Xero | $37 (Ignite) | Broadest app ecosystem (1,000+ integrations); 100% off for 6 months via Company123 |
| MYOB Business | $35 (Lite) | Closely matched to Xero on features; stronger inventory management |
| MYOB Solo | $11 | Mobile-first plan for sole traders: invoicing, expenses and BAS for one person |
| QuickBooks Online | $33 (Simple Start) | Four plans from $33 to $125 (Advanced); unlimited invoicing on the entry plan |
| Reckon One | $15 (Lite) | Cheapest option; fewer integrations than Xero or MYOB |
When Xero is not the best fit: side businesses and very early-stage sole traders with turnover under $20,000 may find Reckon One or QuickBooks Simple Start enough at a lower price. Sole traders who want a simple mobile app may prefer MYOB Solo. Businesses with complex inventory or manufacturing may find MYOB Business's inventory features stronger than Xero's.
Xero plans are flat monthly prices. The main extra costs are:
As of October 2026, the Company123 offer of 100% off for 6 months is the highest discount available on a Xero Australia subscription, since nothing can go below free. It covers Ignite, Grow, Comprehensive, Ultimate 10 and Ultra, and applies automatically through the Company123 partner link.
The earlier Company123 offer of 90% off for 6 months was replaced on 14 February 2026 by the current 100% off for 6 months. Listings for "Xero 90% off" on other sites usually refer to that older deal or to Xero's own 3-month offer.
The Company123 offer of 100% off for 6 months is available all year, including at end of financial year. Xero's own new-customer offers typically run for 3 months (90% off for 3 months in September 2026).
Yes. The Company123 offer covers Xero Ultra, which is $500/month, so the 6-month saving is $3,000.
No. The offer is for new Xero customers only: accounts that have never held a paid Xero subscription. Xero sets this rule for all its new-customer offers.
The offer is for Xero Australia.
Xero also offers new customers a free trial period. The 6-month discount applies with the 30-day trial period.
Your plan continues at Xero's standard price: $37 (Ignite), $78 (Grow), $107 (Comprehensive), $143 (Ultimate 10) or $500 (Ultra) per month, including GST. Xero is month to month with no lock-in contract, so you can change plans or cancel at any time.
No. Xero allows one promotional offer per account, so the Company123 discount cannot be combined with other Xero promo codes.
The offer is for new customers only, lasts 6 months and then renews at the standard price unless you cancel. There is no minimum contract, no cancellation fee, and no requirement to buy bookkeeping or other services from Company123.
Yes. Eligibility depends only on your Xero account history, not on software you used before. Xero provides conversion tools for moving data from MYOB and QuickBooks.
Sole traders with low volumes usually start on Ignite ($37). Most small businesses choose Grow ($78) for unlimited invoicing and payroll for 2. Teams of 3 to 10 usually fit Comprehensive ($107), moving to Ultimate 10 ($143) for Analytics Plus. Businesses with several entities or complex reporting should look at Ultra ($500).
For most small Australian businesses, yes, particularly those running STP Phase 2 payroll, lodging BAS regularly or connecting other business apps. It is less worth it for sole traders with under $20,000 turnover and few invoices, who may find Reckon One, QuickBooks Simple Start or MYOB Solo cheaper.
From working with Australian startups since 2014, we see Xero as one of the two default choices for businesses moving from spreadsheets to proper accounting software. It is not the cheapest option month to month, but the time it saves on BAS, invoicing and payroll usually outweighs the subscription.
Six free months is long enough to set up bank feeds, connect your accountant, integrate your other software and decide whether Xero suits your business before paying anything. If accounting software is on your shortlist, you can claim the Company123 Xero offer here.
Boris Garber (B.Comm, M.Tax, CA) is an Australian tax accountant with 26 years' experience and the founder of Company123, which has helped more than 30,000 Australian businesses register since 2014. He reviews this page's pricing and offer details against Xero's published information.