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Xero Reviews: 4.4/5 — Solid Choice
Xero is a mature, cloud-based accounting platform for small and growing businesses that offers invoicing, bank reconciliation, expense capture, reporting, cash flow forecasting, multi-currency support and a large integrations ecosystem.
Xero is also often used as Accounting of choice in Indie Hacker and AWS tech stacks.
| Company | Xero Limited |
|---|---|
| Year founded | 2006 |
| Company size | 1000+ employees |
| Headquarters | Wellington, New Zealand |
| Capabilities |
AI
API
|
|---|---|
| Segment |
Small Business
Mid Market
Freelancer
|
| Ease of use |
Beginner
Advanced
|
| Deployment | Cloud / SaaS / Web-Based, Mobile Android, Mobile iPhone |
| Support | Chat, Email/Help Desk, FAQs/Forum, Knowledge Base |
| Training | Documentation, Videos |
| Languages | English |
Xero Pros and Cons
- Comprehensive core accounting, invoicing, expense tracking and reporting features
- Unlimited users with no per-user license fees in core plans
- Strong mobile app support and substantial feature parity on mobile
- Large ecosystem and open API with many integrations
- Transparent pricing with introductory discounts and multi-currency/localization support
- Some advanced features (multi-currency, project costing, expense claims) are available only in higher tiers
- Payroll in the US is via partner (Gusto), so native payroll varies by country
- No standard inbound phone support; phone contact is by callback rather than a public phone line
- Some features (e.g., auto-reconcile) are in Beta and may evolve
- Developer API terms prohibit using API data to train AI/ML models
Compare Xero with other popular tools in the same category.
It has numerous integrations like Ordermentum, Receiptbank, Lightyear ad others. It also allows many users to be on the screen at the same time. It has a lot of advance features that is helpful.
Always have an issues like sudden interruption in the system while using.
Very easy and simple to use. It is also flexible and allows numerous integration which helps our company to have faster transactions.
This software is a very sophisticated one as it helps track the cycle of the business in terms of accounts payable;e, receivable, income, and setting up payroll as well. From small to medium size businesses, it is perfect for bookkeeping needs.
I don't have any problem with Xero as it helps a lot for my bookkeeping needs plus it is not too complex to use.
Tracking my expenses and income all in one software is honestly very helpful.
Xero is unbelievable - it makes running our business so much easier. It's a one stop shop for managing our bank account transations, filing receipts and expenses, and processing tax and our VAT returns. Xero basically runs and contains our entire business - including client records and billing and everything in between.
The cost - £25 a month for an online database can seem steep, but I keep telling our team that it easily saves us that much every month in manpower. The integration of MTD for tax returns has been absolutely amazing - it means we can file VAT on time, every time.
It's allowed us to keep track of all our equipment and spending, and file receipts in a safe, secure, organised space where we can access for audits at any time. I only wish we'd used Xero from day 1 of the business!
The ability to expand the base functionality through add ons
The base reports are sometimes quite simple and don't allow for the level of detail needed
Solving the problem of lots of manual data entry. Realised benefits of speeding up bank reconciliations along with being able to see what the client can see
I like the fact that it is really simple to use and it has same capabilities on your phone or on your laptop. The only difference is the 2-factor certification process you need to do on your phone to access Xero but it is worth it. It takes less than a minute to submit expenses - no spreadsheets no fuss around getting it right.
The only issue I had is that after you submit the expense, you are unable to edit it afterward. For instance, I entered the account name incorrectly and now it appears in our overall system and there does not seem to be any troubleshooting for this issue and any options to fully remove it.
Submitting expenses
Unlimited users Numerous integrations Suited for large businesses Advanced features Double-entry accounting
Issues with Bank feeds - Not really a Xero issue more my bank!
Access from anywhere and easy to understand and Dashboard shows a summary of my outstanding invoices etc
how simple it was to setup- incredibly easy
not much- pretty great we like this a lot
accounting and budgeting
The most significant thing about this software is that the banking dashboard in Xero makes it very easy to manage banking transactions. This program is user friendly and free with many invoices features which always makes happy because it enhanced our finance and accounts invoices and expenses and in this why, we can't worried about the financial condition. This software helps us so much to understand and learning about accounting.
The main disadvantage of this software is that Xero software completely removed all of its features, which is very convenient and helpful for the users but now there is no more any convenient feature like the service and customer records and the inventory tracking.
This software is super responsive and the extremely helpful for our business companies because by using this efficient tool, they can easily manage my accounts and invoices in a better way. So I can highly recommend it to everyone.
Very straightforward to upload receipts and submit expenses
Nothing - this is a very user friendly app to use
I now get my expenses in on time!
Extremely intuitive, auto reconciliation, invoice creating and being able to export any data to excel
Xero underwent an update and the interface had changed for the worse (in my opinion)
Being able to consolidate the files and check multiple bank accounts on one accounting package. Payroll system can work alongside xero to ensure invoices are actually being sent.