Smooth Accounting With Xero
Rating: 9 out of 10
IncentivizedUse Cases and Deployment Scope
Xero has been very resourceful when it comes to handling our business accounting needs including invoicing and managing all our accounts receivable and payable. It comes with automation features to boost accuracy and save time. With Xero, categorizing our business expenses has been easy and it also handles expense management where teams can scan and upload receipts for approval.
Pros
- Invoicing and quote is easy. Creating invoices, sending and tracking them is easy with this tool.
- It makes expenses tracking easy. Capturing receipts and uploading them for approval is fast.
- The bank reconciliation feature works well - Importing and matching bank transactions with statements is easy.
- It comes with payroll features that makes processing salaries easy.
- Reporting and analytics features are also very helpful.
Cons
- Slow reporting and this needs to be improved to make the tool better.
- It offers limited inventory tracking features.
Likelihood to Recommend
I recommend Xero for business accounting more so when it comes to handling invoices. In addition, it presents expense management features and handles payroll process really well. The tool is suitable for most small and medium sized businesses with no complex accounting needs. It is also worth noting that it also handles bank reconciliation smoothly.
JM
Jane Morin
Senior Accountant in Finance and Accounting at STORIES designed for consumers (51-200 employees)
Vetted Review
3 years of experience