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Xero Reviews & Product Details
Xero is a cloud-based accounting software designed to streamline financial management for small to medium businesses and accountants. Offering real-time visibility of financial positions with features like invoicing, payroll, and expense tracking, it simplifies day-to-day operations by integrating with a multitude of third-party apps. Xero's intuitive interface and powerful analytics tools help users make informed decisions, ensuring financial health and growth. By automating key processes, it allows businesses to focus more on strategy and less on manual tasks.
| Segment |
Small Business
Mid Market
Freelancer
|
|---|---|
| Ease of use |
Beginner
Advanced
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| Deployment | Cloud / SaaS / Web-Based |
| Support | Email/Help Desk, FAQs/Forum, Knowledge Base |
| Training | Documentation |
| Languages | English |
Xero Pros and Cons
- Xero has 24/7 online support
- There is a mobile app for on-the-go accounting
- It simplifies inventory management
- Reporting feature is limited
- Payroll feature costs an additional $39/month
Compare Xero with other popular tools in the same category.
Easy of access, especially for invoicing when it comes to searching for specific clients or invoices. Can export to excel or pdf, intuitive bank reconciliation with auto matching.
Xero updated the interface earlier this year which in my opinion did not do the website any favors.
I used xero for every aspect of the business, payroll and accounting. The pricing structure is fair.
Very intuitive and an excellent all round software giving you access to everything you need to manage your clients.
I could argue that there could be more features such as a better audit trail of all activity or a better receipt capture and extraction tool built in. But there are alternatives which fill in these gaps as Xero can connect with over 600+ apps!
Saving costs on bookkeeping and offline accounting records. No more paper records and clients have access to their accounts 24/7 in real-time
As a small business we found Xero to be a very cost effective solution for all our accounting & book keeping needs. Xero is simple to set up with your accountant and reduces the time required on book keeping activities. The automatic bank feeds means the time we spend on reconciling our accounts each month is minimal. The audit trail feature highlight any issues that arise so they can be quickly rectified. The ability to notate individual transactions helps our accountant to respond to our questions. As a small business keeping our accountancy bills down is important to us and using Xero helps achieve this as the time our accountant has to spend on our accounts is lowever.
Some of the automatic accounts Xero suggests you reconcile to are not always correct. We had some problems establishing some of the initial bank feeds and still have one bank account that will not process the feeds. Unfortunately we have to enter those transactions manually.
As a small business one key priority is to keep our monthly book keeping tasks to a minimum. Switching from MYOB to XERO we have seen a significant reduction in our book keeping time required each month. Not being accountants or book keeping experts using Xero as our accounting software has made this area of our business more efficient. Our accountant assists us as how best to use the software and as such we have been able to develop a simple client - accountant relationship with Xero being the main conduit of information between us.
Easy to streamline and integrate with other systems in order to bring your information in. Can leave a discussion for other team members or easily match up already created rules in the system to keep up to date easily.
The books don't always end up even at the end and I can't find a rhyme or reason as to why. The dashboard, other than knowing which feeds to go to, is incredibly difficult to read, and some of the terms they use for functions are hard to understand and thus hard to use. It is very easy to make a mistake in here. It is not clear in the records which reconciliations have gone to which accounts, which would be great information to have when trying to learn how to do/teach new functions. It's always nice to be able to go look at someone else's work to confirm you're doing something right. Sometimes the syncing doesn't go through and you have to enter things manually, and that can heavily bog down the computer and make the process slow going. I often have to restart/refresh my computer after 3-5 batch reconciliations / an hour of work.
Small business accounting of the following avenues- checking, credit, debit and paypal. Order and other income and expense allocation.
The way the software is easy to learn yourself without training or being shown. Loads of great features that make accounting for the non accountants out there a breeze
Would be good if there was live chat help
Less reliant on book keeper
Since moving to Xero from day one we have found a significant reduction in our book keeping time input. We are NOT accountants or book keeping experts and Xero as an accounting system has definitely made this part of our business much more efficient. We are guided by our accountant as how best to use the software and have been able to develop a simple client - accountant relationship with Xero being the main conduit of information between us.
We had issues setting up some of the automatic bank feeds and still have one bank account that will not process the feeds so we need to enter those transactions manually. We also cant seem to get the email upload to work for bills / PO's.
Making our bookkeeping lives much easier.
We have been using xero for almost 10 years its a great accounting software worked very well with Magento and now we use it with Shopify and Tradegecko the integration was super easy, having everthing in one place really made worth the switch plus the reports are very accurate and easy to pull
we had some issues with the returns and pulling sales from shopify that was duplicating the whole thing but was an easy fix
multiple sales on different platforms like amazon, shopify, walk ins, etc was very easy, and also invoicing
As an academic turned business owner, I had a really hard time learning the QuickBook system. But I was able to set up Xero and use it for my accounting needs almost immediately
Since it is newer and not as well known as QuickBook, there are some apps and programs that are not compatible with Xero, yet.
Easy to use program that allows me to save cost by doing my own bookkeeping.
It's easy to use, you can add all the options you need for your business and the software does the rest for you.
The app doesn't have enough options for me, as some things can only be done in the browser version
It's better than other options I've tried before
Easy to use, everything is very logical to find in the software.
The price of the subscription is quite high, but there are no real downsides to the software.
It has helped with VAT returns as it is very easy to review.