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Xero Reviews and Ratings

Rating: 8.3 out of 10
Score
8.3 out of 10
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Reviews

256 Reviews

Xero issues Great usability

Rating: 8 out of 10
Incentivized

Use Cases and Deployment Scope

To deal with all of our financial transactions, quotes for support on EPOS, hardware and software renewals, quotes for new systems, invoices for consumables for the systems.

Pros

  • Turning quotes into invoices is easy
  • Understanding incoming payments
  • Intuitive invoicing

Cons

  • Better language facility
  • Expressive use of language
  • Politeness

Likelihood to Recommend

Xero is an easy program to use for when a customer accepts a quote and the facility of turning the quote into an invoice is so straightforward, I really like it and use it a lot.

VU
Verified User
Administrator in Customer Service (1-10 employees)
Vetted Review
Xero
6 years of experience

Xero review

Rating: 8 out of 10
Incentivized

Use Cases and Deployment Scope

We are using Xero in our organisation for managing accounting and track errors in cash flow. Cash flow accounting, incurred expense, tax reporting, AP project and AR project. Timesheet updates, invoice posting, Bank reconciliation, vendor reconciliation. If we have NGOs related work we can track funds or donations very easily on cash basis and accrual basis. It is very time consuming and we can bulk upload the invoices at a time.

Pros

  • Timesheet tracker
  • Connect 800 banks at a time
  • AP and AR bills and invoices tracker
  • Payroll Reconciliation
  • Bank reconciliation

Cons

  • Payroll setup
  • Pre built reports
  • Donation and funds tracker
  • Inventory Management

Likelihood to Recommend

Small businesses, startup growing, NPOs organisation donation tracker, Timesheet management inventory management. Working from multiple countries can collaborate in one software. We can use this software across the world and at a same time we can track everything. We can connect 800 banks and reconcile them. This is very user friendly software. Good accounting concepts with transactional journal entries.

MA
Mahima Asopa
Assistant team leader in Finance and Accounting at Mindspace Outsourcing (11-50 employees)
Vetted Review
Xero
1 year of experience
View profile

A proper alternative software for accounting.

Rating: 9 out of 10

Use Cases and Deployment Scope

I am seniour employee in an accounting industry. We help individuals and companies to manage their finances and prepare financial records. Xero is our sole software that we use for accounting. The software helps us to fully streamline our operations and effectively manage finances. It ensures seamless cashflow management, effective expenses tracking, proper billing and invoicing as well as fixed asset management.

Pros

  • The software has a flexible pricing which makes it affordable to small and medium businesses.
  • Ease of use and seamless integration with other tools.
  • Xero is very effective when it comes to handling of trust accounting and tracking of distributions.

Cons

  • Customization options of the software are very limited compared to those of other accounting tools.
  • Software templates are less flexible and cannot be fully customized.

Likelihood to Recommend

<div>The software is very well suited in expenses management and supports multiple currencies.</div><div>Xero has a professional touch and very reliable customer support services.</div><div>The product is an all in one solution for both small and medium businesses accounting.</div><div>Xero is more affordable and reliable than other accounting solutions.</div>

AA
Amath Adoye
Seniour Accountant in Finance and Accounting at Max Consulting Group CROWE (51-200 employees)
Vetted Review
Xero
5 years of experience

A Reliable Cloud Accounting Solution For Business

Rating: 9 out of 10

Use Cases and Deployment Scope

We are using Xero for all our business accounting needs and it has been a great addition to our business. It is a cloud platform that helps in automating our business bookkeeping as well as simplifying financial management. The tool ensures that we have a clear visibility of our cash flow, it handles invoicing, payroll, and business bills. The ability to integrate Xero with other apps including Salesforce and Expensify makes it irresistible.

Pros

  • Automates most accounting processes to speed up processes while ensuring no human errors.
  • Accessing Xero is easy no matter location or device as it is a cloud platform.
  • It handles invoice, payroll, bookkeeping, and financial management easily.
  • Supports integration with other apps including Expensify and Salesforce.
  • It ensures data security and backup.
  • Supports collaboration.

Cons

  • Incorrect categorization of expenses leads to financial errors.
  • Everthing else works fine.

Likelihood to Recommend

Xero is the best I have used when it comes to bookkeeping and financial management. With the tool in place, any business will make best financial decisions thanks to ease of accounting and getting detailed and helpful reports. The tool is ideal for businesses of different sizes. I recommend it as it has worked for our business.

FE
Faith Eyene
Accounting Manager in Finance and Accounting at btpafrique (51-200 employees)
Vetted Review
Xero
4 years of experience

Xero Review

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

We use Xero for sending invoice, accounts receivable &amp; payables, payroll, BAS&amp; IASs. It helps streamline financial processes, reduce manual errors, and provides clear financial reporting. Our team uses Xero to handle company accounts and reporting

Pros

  • time record
  • job management
  • client management

Cons

  • Bank reconciliation, more details
  • Payroll: employees updated
  • bank access

Likelihood to Recommend

Very good for Small to Medium Businesses &amp; cloud based

VU
Verified User
Director in Finance and Accounting (11-50 employees)
Vetted Review
Xero
10 years of experience

Recommended Accountancy Software Xero

Rating: 8 out of 10
Incentivized

Use Cases and Deployment Scope

We use Xero for all our accountancy purposes, except payroll. It allows us to manage our invoices, reconcile with the bank accounts, log all our receipts and it produces our end of year accounts, as well as files our VAT returns quarterly. We also use it to view reports such as profit and loss.

Pros

  • VAT Return
  • Bank Reconciliation
  • Reports

Cons

  • Invoices
  • Payments (Clients Paying Invoices)
  • Managing Employees Holiday

Likelihood to Recommend

Xero is well suited to most small businesses, from the very small (but who have outgrown maybe a spreadsheet situation) to the quite large. it is maybe overkill for a sole trader with a small turnover but when the changes for reporting tax come in, Xero will be very valuable to nearly everyone as it can handle the submitting of information to HMRC.

VU
Verified User
Professional in Information Technology (1-10 employees)
Vetted Review
Xero
5 years of experience

Xero - A great option for ease of use SMB ERP Software

Rating: 5 out of 10
Incentivized

Use Cases and Deployment Scope

We use Xero for all our accounting and reporting requirments. We also us it for our regulatory reporting requirmenents like BAS and tax returns etc. We don't us the AP or Invoicing - we do that via Stripe (Didn't that cuase some problems!) We get the income and overheads into Xero through our bank feeds.

Pros

  • The reconcilition of the bank feeds
  • Simple one click reporting (Favourites)

Cons

  • Introducing payment platforms

Likelihood to Recommend

It's good for any small to medium business. It allows you to process as much or as little as you want in house and have external parners access the platfrom to complete other tasks such as book keeping and accounting services. They handled their new partnership with Stripe ery poorly - accessign our Stripe account without authorization from us and set up a new entity in Stripe when we already had our entity in there.

VU
Verified User
C-Level Executive in Corporate (51-200 employees)
Vetted Review
Xero
10 years of experience

Increasingly Satisfied

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

Xero allows me to organize and view my business metrics easily.

Pros

  • Breakdown of accounts
  • Money in money out graphs
  • Payroll/tax breakdown
  • Year to year comparisons

Cons

  • Autofill is often inaccurate. I'd prefer it not to appear at all

Likelihood to Recommend

As a small business it is important to be able to see a comprehensive snapshot of my finances and Xero provides that.

KW
Kimberly Wade
Owner at Bed & Biscuit Kennel (1-10 employees)
Vetted Review
Xero
10 years of experience
View profile

Dont remove core functionality and keep pricing the same while also loosing your focus on small businesses.

Rating: 10 out of 10

Use Cases and Deployment Scope

It is our financial system of record, all transactions are done via Xero. All bank recons, VAT/PAYE reporting, budget management, annual reports etc. Invoicing, follow-ups etc.

Pros

  • Budgeting
  • Reconcilliation
  • Statutory Reports

Cons

  • Dashboard customization.
  • Balance Sheet and Income Statement View Customization.

Likelihood to Recommend

I work with a number of small to medium-sized businesses, and Xero allows for decision-making.

DD
David Davis
Director in Professional Services at BeyondPossible PTY LTD (1-10 employees)
Vetted Review
Xero
6 years of experience
Verified on LinkedIn

Xero Review

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

We use Xero as our accounting tool. We don't have any 1099 employees or contractors so our business is pretty straightforward. We just want to know what our margins are, what our revenue and expenses are so that we can keep track of our progress and then file for taxes at the end of year.

Pros

  • Sync's to our payroll (Gusto)
  • Easy to read reports
  • Adding Expenses and Sales

Cons

  • 1099 functionality
  • More in depth accounting reports

Likelihood to Recommend

We have just 5 employees all W2 so sycning that with Gusto has been a breeze. We have about a 1mil annual revenue and a number of expense streams and Xero does a great job of remembering them so we just have to select "ok" and it adds everything. Really easy to use and add items, I just wish there were a couple more reports for business tracking.

SZ
Sam Zurcher
Advisor in Finance and Accounting at CFG (1-10 employees)
Vetted Review
Xero
2 years of experience

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