Unclaimed: Are you working at Xero?
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.
| 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 saves our organization so much time every day.
That we had not started using Xero until the last few years, I used to use MYOB everyday and now it is Xero everyday on a computer or mobile phone.
We are saving time everyday which allows staff to do so much more
Really friendly customer service, flexible product and great pricing.
The only negative I have found was the optional add-ons in each pricing plan.
Solved my early stage startup invoices and accounting problems. Excellent and easy to use tool.
I've used Xero for the past 5 years and the piece that keeps me as a customer is their exceptional API and other 3rd party integration tools. If I can't do it in Xero, there is a straightforward tool that helps me accomplish the task at hand.
I do wish there was more customization when it came to the controls in place especially around cash, AP, & AR. They are great controls but they can be limiting for the experienced accountant.
Since their API is so strong, multi-entity consolidation is not only easy but there are a plethora of providers that accomplish it with Xero for a low cost and low barrier to entry.
Xero's functionality is straightforward to use and presents the financial statements in an easy-to-read way.
Xero's utility is minimal when creating financial statements and adjusting journal entries.
Currently, a few of my clients are utilizing Xero, and that's primarily where I compile financial statements for them.
I like most the way it represents the whole data. You can easily find all the scenarios, the income, expenses, and most importantly, it shows the whole scenario of your business that help you to make a quick decision. i strongly recommend this software and make your task most automated
did not find anything unusual. so far using experience is good
I use this software to run my small business and record all the business expenses. It helps me to track everything starting from my inventory to filing taxes.
The ease of use and overall integration with a lot of software
No phone support. That is the only negative.
Payroll, CRM integration
Xero allows you to easily enter invoices to be paid and to track when they are paid.
I honestly don't have any dislikes with Xero. Mistakes can easily be rectified.
Because we use Xero we don't have problems! We easily keep track of invoicing, who has paid and who is late paying, so that we may follow them up.
User-friendly interface and amazing rules for auto reconciling
Some features are limited, such as having multiple warehouse locations
Our entire accounting is in one place with an amazing extent of reports to choose from and connects with the HMRC for VAT reports
Xero has done a lot of things I didn't even imagine possible, one of the powerful intergrations Xero offered helped us managed out client's company money - bills and expenses coming in and going out.
Things can be challenging, especially on the technicalities of the application itself and the way the UI is organized but as you familiarize its work around and using its purpose, it can do amazing things for you and your company.
A few things I deal with is how e-commerce mainly done espescially recurring invoices, you’ll have a billing partner handling the details and since you want to see all those invoices in Xero, a direct connection is ideal.
Detailed API documentation. I was able to navigate the API easily
Some workflows need to be improved to make it easier to navigate
Billing
It makes the work of an accountant very easy. Manages all your work in one place without any professional user's help. Its supporting team is so helpful, they are available everytime whenever anybody needs help in using it or in setuping it. All the details of the transaction you do are available here, and the data is secured end to end. It makes the life an business runner very easy.
The online thing I dislike about Xero is that some of the features are of additional cost, and we cannot use them in the purchasing price of the software.
All the details of my online payments are available and saved in it. I make regular online payments through various online payment applications, so all the data is saved in Xero, which helps me create tax reposts. Generating invoices and sending them to my clients and customers. It helps me keep track and generate income and expenses reports.
- User friendly and easy to use - Bank feeds and rules to automatically code the transactions - Easily generate the profit & loss and balance sheet for any period. - Easy to use BAS reports and fixed asset register
- Some features missing in the payroll like salary sacrifices do not get coded to superannuation automatically. - Cash flow statements are a bit tricky to use. - Apart from this all the features and functions are great.
- Management reporting - Generating Financial Statements - Lodging BAS's - Payroll management - leaves, payroll, and superannuation - Trade debtors and trade creditors management.
Easy to use, integrates with credit cards, and I can give my CPA accountants access to book the quarterly journal entries.
I'm not an accountant, so it takes me longer to find things, but the help is very helpful.
Not really solving problems, it's a necessary task to execute all of the accounting for financial reporting.
Xero is easy to use with an intuitive user experience. It is designed for use by non-experts while at the same time having features for expert accountants.
Nothing to dislike. However, this is a small business level product and so does have limitations in certain areas. Granularity in security permissions is one such area.
Business accounting platform that integrates with other best-of-breed products. Xero provides efficiency in the accounting processes.
Xero is a fully-featured, yet simple to use, financial accounting platform explicitly designed for small businesses.
Not a lot to dislike, both product quality and customer support are excellent.
Having Xero as the core financial accounting product allows use of very specific integrated tools from best-of-breed suppliers through their ecosystem of partner products
Integrates with apps like HubDoc and Gusto to allow for relatively seamless accounting and payroll workflow. Able to customize reports down to the order of how categories appear.
Nothing - it's a great product. Less glitchy than QBO.
Workflow integration with processing receipts from clients to attach to expenses, easy reporting and improved productivity with setting bank rules for recurring transactions.
Xero takes accounting and really makes it as simple and user-friendly as possible. Good UI/UX, good resources for support, and lots of automation/integraiton options. Very happy Xero customer.
Xero does occasionally get a bit buggy and has technical issues - but this is the same for all platforms. I don't fault them for this, even though it can be frustrating at times.
I help my clients to manage their finances and cash flow. Xero is a must-have tool for all of my clients as it makes it easy to manage 'the rest of the finances'
I love how easy it use to use and how clean the look is. Great support team if you need any help it has improved my workload and helped me manage many of my clients all works all in one place
At the moment there is not much but I would like to if Xero had a feature to add new pay items for payroll directly within payroll or if HMRC tax codes changes are always done I have realised it his a hit and miss at times
I am more productive with my work and can work from anywhere in the world. I love the MTD feature and the fact that you can directly submit VAT returns through Xero rather then going on to HMRC website.
Really easy interface that requires no training or accounting experience. Easy to create invoices, email them out and it has a clear dashboard that shows you everything you need at a glance.
There isn't much we don't like, but one of the few things that have been an annoyance is not being able to edit the format of the Customer Statement when using a standard branding theme. We enter a Customer PO number as well as our job reference in the Reference column and all that detail shows up fine on the invoice itself but when you produce a PDF statement for a client, it truncates the width of that column and therefore doesn't display all this detail which isn't helpful when a customer is reviewing their statement, we have to export the data and produce this ourselves in XLS.
Easy quick accounting, fast VAT return submission, access from anywhere
Xero is the best platform for anyone with a business, small or large!
Nothing! Xero is the best accounting platform out there. None of the others can hold a candle to it.
I have been able to handle all of my business invoicing and balance my checking accounts and credit cards seamlessly. The ease of use in comparison to other accounting software is amazing.
Intuitive for people with basic accounting knowledge. Easy to view key reports, which is vital for management. The ability to drill down into more detail is very helpful. Automatically linking accounts and credit cards saves a lot of time. Very powerful and comprehensive accounting tool.
Creating reports can be tricky. The product is designed for people experienced with accounting and some parts may be confusing.
Detailed accounting data is critical for understanding business performance. Management can access key reports and data easily, while bookeeper can use the full features to structure and order accounting data.
Bank feeds, repeating invoices, ease of usage
Xero is very innovative so if there's anything you do not like, you can send in feedback
Eliminate data entry with Xero, and being able to integrate over 1000 add-ons
How it makes accounting actually easy to understand for the layman. I have never studied accounting and I'm able to get a good understanding of how things work!
Nothing. This is the most complete accounting software that you can find.
Invoicing, bills payable, expense tracking, financial statements generation. Now my books are actually in order!
Seamless integration with all business accounts, seamless creation of invoices, quotes, bills, receipts
Difficulty integrating some settings, it requires you to have some technical skills.
Accounting
Xero is exceptionally simple to utilize and adaptable. As a salesman it's overall quite simple to record costs. Can get to it anyplace and Xero joins with most bank making bank compromise quick and simple.
Hard to oversee contacts. In any case, since I have it ready for action it's going alright.
This works flawlessly when working away from our administrative center. I love having a day by day check out the business.
Xero provides clear information regarding transactions into and out of the account I manage. It allows me to place expenses exactly where they need to be in our organizational budget with ease.
I dislike that it can sometimes take a while for transactions to show up on the dashboard for reconciliation. I also wish they offered an "introduction to xero" tab for new users.
Xero allows myself and my organization to quickly identify where expenses and income belong within our budget. Xero also has the benefit of being able to include receipts when reconciling transactions.
The bank feeds make bank reconciliations super easy. You can automate and repeat invoices, bills, journals. Also, it offers a lot of different integrations.
The bank feeds don't seem to work very well with some of the banks my clients use, so I have to export and import the bank transactions manually. It's still an easy process if the bank provides an OFX file type; it just takes longer. If the bank does not provide an OFX file type export, it takes even longer.
Xero is the best solution we have found for keeping accounting records.
Best part of using xero is we can easily reconcile bank by find & match options if we use another softwares like dext to keep our AP and AR reconciliation.
Xero lacks to keep Inventory for livestock.
Best part using xero is handy to use and can keep all records cloud based
Xero is cheaper than most other online accounting solutions. The UI is clean and easy to use. Easy to integrate with GoCardless and other billing providers.
Reconciling accounts doesn't have the smartest auto-fill, and you often have to re-enter a lot of data when reconciling a lot of items at once.
I am managing the accounting system for my small business. It's saved me hours with a simple UX and integrating with my other tools.
Xero has been pushing how accountants and small business owners keep the books and grow their businesses for the past 10-15 years. They are an OPEN platform designed to be the hub of the financial wheel and integrate with all of the other financial tools you may need to use.
Even though they are at the forefront of technology in accounting, minor issues have survived unfixed.
Xero brings peace of mind for the small business owner. Knowing your financial info is in order provides owners with the confidence to work to grow their business