Wolters Kluwer Vero vs. Xero

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Wolters Kluwer Vero
Score 9.0 out of 10
N/A
Wolters Kluwer offers Vero Admin and Vero Count, tax & accountancy service management solutions. Vero Admin is a modular suite with CRM, document management, and other tools for SMEs. Vero Count is a modular accounting package for SME accountants.N/A
Xero
Score 8.2 out of 10
N/A
Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.
$13
per month
Pricing
Wolters Kluwer VeroXero
Editions & Modules
No answers on this topic
Early
$13
per month
Growing
$37
per month
Established
$70
per month
Offerings
Pricing Offerings
Wolters Kluwer VeroXero
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPrices in table are in USD and just apply to the US - other markets & prices are listed below: Canada - Starter $18 CAD/month, Standard $45 CAD/month, Premium 5 $58 CAD/month UK - Starter £14/month, Standard £28/month, Premium £36/month AU - Starter $29 AUD/month, Standard $59 AUD/month, Premium 5 $76 AUD/month NZ - Starter $31 NZD/month, Standard $66 NZD/month, Premium $84 NZD/month
More Pricing Information
Community Pulse
Wolters Kluwer VeroXero
Top Pros

No answers on this topic

Top Cons
Features
Wolters Kluwer VeroXero
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Wolters Kluwer Vero
-
Ratings
Xero
7.5
73 Ratings
0% above category average
Pay calculation00 Ratings8.065 Ratings
Benefit plan administration00 Ratings8.023 Ratings
Direct deposit files00 Ratings7.249 Ratings
Salary revision and increment management00 Ratings7.141 Ratings
Reimbursement management00 Ratings7.154 Ratings
Customization
Comparison of Customization features of Product A and Product B
Wolters Kluwer Vero
-
Ratings
Xero
8.1
151 Ratings
7% above category average
API for custom integration00 Ratings7.979 Ratings
Plug-ins00 Ratings8.2138 Ratings
Security
Comparison of Security features of Product A and Product B
Wolters Kluwer Vero
-
Ratings
Xero
7.3
189 Ratings
12% below category average
Single sign-on capability00 Ratings5.772 Ratings
Role-based user permissions00 Ratings8.8187 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Wolters Kluwer Vero
-
Ratings
Xero
8.4
213 Ratings
8% above category average
Dashboards00 Ratings8.3209 Ratings
Standard reports00 Ratings8.7211 Ratings
Custom reports00 Ratings8.3187 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Wolters Kluwer Vero
-
Ratings
Xero
7.2
223 Ratings
6% below category average
Accounts payable00 Ratings8.6203 Ratings
Accounts receivable00 Ratings8.8209 Ratings
Cash management00 Ratings8.3191 Ratings
Bank reconciliation00 Ratings8.9216 Ratings
Expense management00 Ratings8.1197 Ratings
Time tracking00 Ratings8.073 Ratings
Fixed asset management00 Ratings8.5137 Ratings
Multi-currency support00 Ratings7.8130 Ratings
Multi-division support00 Ratings8.2112 Ratings
Regulations compliance00 Ratings8.6112 Ratings
Electronic tax filing00 Ratings9.4116 Ratings
Self-service portal00 Ratings8.2130 Ratings
Global Financial Support00 Ratings6.767 Ratings
Primary and Secondary Ledgers00 Ratings8.465 Ratings
Intercompany Accounting00 Ratings4.540 Ratings
Localizations00 Ratings8.039 Ratings
Journals and Reconciliations00 Ratings9.890 Ratings
Enterprise Accounting00 Ratings2.533 Ratings
Configurable Accounting00 Ratings2.959 Ratings
Centralized Rules Framework00 Ratings3.433 Ratings
Standardized Processes00 Ratings3.759 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Wolters Kluwer Vero
-
Ratings
Xero
6.4
101 Ratings
12% below category average
Inventory tracking00 Ratings7.497 Ratings
Automatic reordering00 Ratings6.224 Ratings
Location management00 Ratings6.229 Ratings
Manufacturing module00 Ratings6.016 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Wolters Kluwer Vero
-
Ratings
Xero
6.2
89 Ratings
21% below category average
Pricing00 Ratings6.262 Ratings
Order entry00 Ratings6.256 Ratings
Credit card processing00 Ratings6.358 Ratings
Cost of goods sold00 Ratings6.366 Ratings
Order Orchestration00 Ratings6.121 Ratings
End-to-end order visibility00 Ratings6.124 Ratings
Order exception Resolution00 Ratings6.117 Ratings
Best Alternatives
Wolters Kluwer VeroXero
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.6 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.6 out of 10
Medium-sized Companies
Vertex
Vertex
Score 8.1 out of 10
Zoho Books
Zoho Books
Score 8.9 out of 10
Enterprises
Vertex
Vertex
Score 8.1 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 6.8 out of 10
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User Ratings
Wolters Kluwer VeroXero
Likelihood to Recommend
9.0
(1 ratings)
8.3
(238 ratings)
Likelihood to Renew
-
(0 ratings)
8.5
(35 ratings)
Usability
-
(0 ratings)
8.5
(163 ratings)
Availability
-
(0 ratings)
9.0
(10 ratings)
Performance
-
(0 ratings)
10.0
(8 ratings)
Support Rating
-
(0 ratings)
9.3
(36 ratings)
In-Person Training
-
(0 ratings)
9.1
(1 ratings)
Online Training
-
(0 ratings)
10.0
(5 ratings)
Implementation Rating
-
(0 ratings)
7.3
(10 ratings)
Configurability
-
(0 ratings)
9.0
(1 ratings)
Ease of integration
-
(0 ratings)
7.0
(122 ratings)
Product Scalability
-
(0 ratings)
10.0
(6 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(2 ratings)
Vendor pre-sale
-
(0 ratings)
10.0
(2 ratings)
User Testimonials
Wolters Kluwer VeroXero
Likelihood to Recommend
Wolters Kluwer
For everyday bookkeeping and tax keeping, it is well suited and very easy to customize to your personal needs. I really enjoyed the AP functions, some of which I had not had the pleasure to use in other ERPs, like keeping track of payments and as well as being able to create both automatically and manually, payment services.
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Xero
In my opinion Xero is well suited for: 1) Standalone organisations, 2) Organisations where the accounting team bench strength is thin, 3) Organisations which are able to leverage on new technologies and apps 4) Organisations which get most of their tech infrastructure within the APAC region Xero may not be as suitable for: 1) Organisations with group structures (especially complex ones) 2) Organisations which are constrained in their use of startup technologies and apps by startups 3) Organisations which get most of their tech infrastructure from the US or EU
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Pros
Wolters Kluwer
  • Tax Book Maintenance
  • Easy, automated accounting processes
  • Ability to toggle between several key areas within the company
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Xero
  • Repeating invoices (most of my business is monthly recurring invoices) - it does these very well.
  • Reporting - particularly being able to dig into the different lines of the P&L statement.
  • Tracking categories - I assign a category to every line of every invoice so it's easy to see how much has been sold of each type of service every month and year, and compare them to previous periods.
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Cons
Wolters Kluwer
  • Provide with the option to create a manual backup.
  • Improve overall help center.
  • Provide an online chat service for clients.
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Xero
  • Having different email addresses for different parts of a customer's business (eg invoices and statements to different places)
  • Easily seeing the text of emails that have been sent through Xero
  • More easily archiving old pay items. Our HR software updates rates when awards are updated which means a lot of old pay rates are in the system and they have multiple clicks to archive each one. Clicking the ones to archive in bulk and then just click archive for all would be much more efficient.
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Likelihood to Renew
Wolters Kluwer
No answers on this topic
Xero
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.
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Usability
Wolters Kluwer
No answers on this topic
Xero
The dashboard is a simple design where all accounts can be seen from the same screen, unlike other softwares that makes you search for bank accounts that you want to work in. Our clients love that they can easily find their way around their books without having to call our firm to help them.
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Reliability and Availability
Wolters Kluwer
No answers on this topic
Xero
We have been actively using and 100% Xero based for our ecommerce accounting practice for over 4 years. There has on been one real outage for more than 5 minutes. Xero was open and transparent about the outage, what they were doing to resolve the issue, and provided 15 minute updates. Showing how they care about their customers and partners. Plus, showing that their customers care too, were understanding, and went surfing or in our case took a nap. Couldn't run our business without Xero as a partner.
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Performance
Wolters Kluwer
No answers on this topic
Xero
Pages generally load quickly, but it's a fairly common occurrence to have pages taking a bit longer than I'd like to load (as in, 4+ seconds). Occasionally I have to refresh a page to get it to work. Bank feed and integrations tend to be slow in general, but that could easily be due to API latency on the side of the other parties. Most of the time, though, the bank feeds refresh before I login so it's not a huge problem. Not necessarily good performance compared to a local app like QuickBooks desktop, but definitely good performance for a cloud application. Room for growth? yes.
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Support Rating
Wolters Kluwer
No answers on this topic
Xero
Always respond and keep issues open until you are satisfied with the result. Generally good responses, in the past, I had some support responses that were really basic and really annoying. They type where "have your tried restarting your computer" style of answers. Well, of course, I went through all the basics before contacting them. Duh, but I suppose not everyone does. Otherwise, it would be a 10. The last year has shown a marked improvement in the support responses however.
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In-Person Training
Wolters Kluwer
No answers on this topic
Xero
The format was great; someone was there to ask questions or help if you were stuck.
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Online Training
Wolters Kluwer
No answers on this topic
Xero
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.
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Implementation Rating
Wolters Kluwer
No answers on this topic
Xero
If it can be done, time the implementation near a new fiscal year so you can start clean. Otherwise, you have to go back and do historical data from the beginning of the fiscal year, which can be brain draining.
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Alternatives Considered
Wolters Kluwer
Wolters Kluwer is definitely more user-friendly however, it does not have the option to work on the cloud (at least in my case) and cannot handle vast volumes of data as well as Sage Intacct.
Read full review
Xero
Each of the products I listed had their own list of drawbacks, but the one thing they all had in common, which was right on top of that list of drawbacks, was ease of use. I struggled to get myself accustomed to each system and struggled, but when it came to getting a client to even try and use it was when the true struggle started. Just found it easier to make use of Xero from the very beginning.
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Scalability
Wolters Kluwer
No answers on this topic
Xero
I have yet to fully stress test the product given the size of the company where I am using it. I am sure as we scale to more customers, more vendors and more reporting requirements, I will have a better understanding of what it is capable of in terms of bandwidth and processing
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Return on Investment
Wolters Kluwer
No answers on this topic
Xero
  • We have saved 1 hour per month on reporting on one of our not-for-profits, which is 12 hours a year at minimum from an investment of 30 minutes on initial setup.
  • On cleanup files, we are able to save at minimum half the time we would spend and be able to get them cleaned up and moved to a monthly file quicker
  • Using cash coding on one client as an example it would take us a week to do their bookkeeping last year it took me 8 hours from start to finish.
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ScreenShots

Xero Screenshots

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