What users are saying about
2 Ratings

Xero

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Score 6 out of 101

Xero

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Top Rated
226 Ratings
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Score 8.5 out of 101

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Likelihood to Recommend

Anybill

Tax Payments to multiple states using one check request. You also will not have to set up multiple vendors in your system.
No photo available

Xero

I have not found any SME accounting system that is more flexible. We have clients running a couple of thousand transactions a month with no issue in terms of speed. We will continue to watch this.Even where a certain bank cannot deliver a feed, I do not consider that to be a reason not to use Xero. Imports from downloads can be imported in minutes
John Cotter profile photo

Feature Rating Comparison

Payroll Management

Anybill
Xero
6.6
Pay calculation
Anybill
Xero
7.3
Benefit plan administration
Anybill
Xero
6.0
Direct deposit files
Anybill
Xero
6.9
Salary revision and increment management
Anybill
Xero
6.6
Reimbursement management
Anybill
Xero
6.2

Customization

Anybill
Xero
8.4
API for custom integration
Anybill
Xero
8.5
Plug-ins
Anybill
Xero
8.4

Security

Anybill
Xero
8.9
Single sign-on capability
Anybill
Xero
9.0
Role-based user permissions
Anybill
Xero
8.7

Reporting & Analytics

Anybill
Xero
8.4
Dashboards
Anybill
Xero
8.4
Standard reports
Anybill
Xero
8.7
Custom reports
Anybill
Xero
8.1

General Ledger and Configurable Accounting

Anybill
Xero
8.0
Accounts payable
Anybill
Xero
8.7
Accounts receivable
Anybill
Xero
8.6
Cash management
Anybill
Xero
7.9
Bank reconciliation
Anybill
Xero
9.0
Expense management
Anybill
Xero
7.5
Time tracking
Anybill
Xero
5.7
Fixed asset management
Anybill
Xero
7.4
Multi-currency support
Anybill
Xero
8.1
Multi-division support
Anybill
Xero
8.3
Regulations compliance
Anybill
Xero
7.9
Electronic tax filing
Anybill
Xero
7.8
Self-service portal
Anybill
Xero
8.0
Global Financial Support
Anybill
Xero
7.2
Primary and Secondary Ledgers
Anybill
Xero
9.2
Intercompany Accounting
Anybill
Xero
7.6
Localizations
Anybill
Xero
7.9
Journals and Reconciliations
Anybill
Xero
8.1
Enterprise Accounting
Anybill
Xero
7.3
Configurable Accounting
Anybill
Xero
8.2
Centralized Rules Framework
Anybill
Xero
8.3
Standardized Processes
Anybill
Xero
8.6

Inventory Management

Anybill
Xero
7.6
Inventory tracking
Anybill
Xero
6.4
Automatic reordering
Anybill
Xero
7.6
Location management
Anybill
Xero
8.3
Manufacturing module
Anybill
Xero
8.0

Order Management

Anybill
Xero
7.1
Pricing
Anybill
Xero
7.7
Order entry
Anybill
Xero
7.4
Credit card processing
Anybill
Xero
7.9
Cost of goods sold
Anybill
Xero
7.5
Order Orchestration
Anybill
Xero
6.6
End-to-end order visibility
Anybill
Xero
6.9
Order exception Resolution
Anybill
Xero
5.2

Accounting Firm BPO Features

Anybill
Xero
7.7
Branded client dashboards
Anybill
Xero
8.4
Client data roll-up capabilities
Anybill
Xero
7.5
Client data consolidation for benchmarking
Anybill
Xero
7.7
Configurable alerts
Anybill
Xero
7.0
Billing bypass
Anybill
Xero
8.1
Client template cloning
Anybill
Xero
7.4
Single sign-on
Anybill
Xero
7.7
Configurable client onboarding questions
Anybill
Xero
7.3
Cross-client workflow management
Anybill
Xero
8.5
Industry-specific versioning
Anybill
Xero
8.1
Legacy system data migration
Anybill
Xero
7.2

Pros

  • Eliminates multiple vendor set ups
  • Only have to process one check request for multiple jurisdiction payments
  • they take care of the delivery of payment part
No photo available
  • Integrated Reconciliation - As you categorize transactions they are reconciled at the same time, thus making it a one-step reconciliation process
  • Fully Featured - Xero can do billing, invoicing, simple inventory, fixed assets, reconciliation, financial reporting, and payroll with the features that the majority of small businesses need.
  • Collaboration - Xero allows for collaboration between financial advisors and businesses. Notes can be left on transactions for others to see, financial reports can be published and viewed by other users with footnotes.
  • Accountant Friendly - There are a plethora of features that Xero offers specifically for accountants to do their work faster. Switching between clients, bulk coding and recoding, reporting templates that can be used across clients.
Nicholas Bird, CPA, CIA profile photo

Cons

  • Tax schema can be confusing
No photo available
  • Pay now. I've had clients ask for the ability to process a payment within Xero and mark an invoice as paid immediately. The current process is either to print an invoice into PDF then click on the link that is generated based on the payment services set-up. Alternatively, you can email the invoice to the customer, in which case, the customer will click on the link and enter their credit card information for processing. Some of these companies want to store the credit card information in systems like Stripe and be able to click Pay Now when an invoice is generated for their customers.
  • Approval workflow process. It's amazing that Xero has a simple workflow for payables and receivables. It would be more efficient to complete that process if the approver gets notified that there's a bill or an invoice that is awaiting for approval. Also, would be nice to have multiple layers of approval. Doesn't have to be complicated, even just sequential.
  • CTRL F. We can probably work around this with the Find and Recode. However, still not the same compared with leading competitor. An easy way to look for a transaction is not available. We'd still have to go to Bank (under Account Transactions), Sales and Purchases (using search).
Marvin Galang profile photo

Likelihood to Renew

No score
No answers yet
No answers on this topic
Xero9.8
Based on 24 answers
In addition to the matters covered in this review, my reason for renewing this product is that Xero's functionality and the constant updates that the company provides, makes the software even more business friendly. The software therefore builds a brand loyalty among customers.
Sarang Mandke profile photo

Usability

No score
No answers yet
No answers on this topic
Xero8.3
Based on 20 answers
Simple and elegant - designed for the way an end-user would think, not just for bookkeepers
Ean Murphy profile photo

Reliability and Availability

No score
No answers yet
No answers on this topic
Xero9.0
Based on 10 answers
Just a very few instances when it goes down for updates, etc. Otherwise would have given it a 10.
Shelly Lingor profile photo

Performance

No score
No answers yet
No answers on this topic
Xero10.0
Based on 8 answers
In 3 years of use, I've only broken the system once. And that was for 30 seconds.
Dan Schmidt, CPA profile photo

Support

No score
No answers yet
No answers on this topic
Xero8.7
Based on 14 answers
It is good and keeps getting better. I would suggest a CHAT feature
Shelly Lingor profile photo

Online Training

No score
No answers yet
No answers on this topic
Xero10.0
Based on 5 answers
All of Xero's training is online and available for anyone (business owner or accountants) to learn and become experts in their system. There is a range of content from product training to real world webinars from their partners. Xero is beautiful accounting software and their training is the same.
Scott Scharf profile photo

Implementation

No score
No answers yet
No answers on this topic
Xero9.5
Based on 9 answers
Don't think about it too much ahead of time. You can't get it all done at once. Just try to break it up into stages.
Lonny Byrd profile photo

Alternatives Considered

I have not used other products. We use to create multiple check requests every month to process different payments in house.
No photo available
Xero is the one that I´ve tried so far
Ricardo Jose Correia D'lucas profile photo

Scalability

No score
No answers yet
No answers on this topic
Xero9.9
Based on 6 answers
After 4 years I cannot remember a single moment of downtime. Outstanding reliability!
Doug Fish profile photo

Return on Investment

  • increased efficiency of payment process
No photo available
  • The impact has been positive since it has allowed us to maintain the connection between the different financial and accounting units of the institution
  • Follow up the information to detect the critical nodes
  • Advance technologically in the institution with this novel way of having the information available to those interested in only having an internet connection
Ricardo Jose Correia D'lucas profile photo

Pricing Details

Anybill

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
Additional Pricing Details

Xero

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details