Xero Review
I work in a bookkeeping company that manages bookkeeping across a diverse range of clients from small to large business sizes. Xero is the …
Xero
Top Rated
Xero
Overview
Reviews
Popular Features
View all 44 featuresBank reconciliation (126)
8.9
89%
Accounts receivable (121)
8.6
86%
Accounts payable (120)
8.6
86%
Standard reports (121)
8.6
86%
Reviewer Pros & Cons
View all pros & cons
Pricing
View all pricingEarly
$11
Cloud
per month
Growing
$32
Cloud
per month
Established
$62
Cloud
per month
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://www.xero.com/us/pricing-plans
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
Features Scorecard
Payroll Management
8.3
83%
Customization
7.5
75%
Security
8.5
85%
Reporting & Analytics
8.1
81%
General Ledger and Configurable Accounting
7.9
79%
Inventory Management
6.2
62%
Order Management
7.7
77%
Product Details
What is Xero?
Xero is an online accounting software platform for small businesses and their advisors, as well as for personal finance. Xero competes most often with QuickBooks Online. Its features, beyond the ubiquitous general ledger and double-entry bookkeeping support, include invoicing with quotes, bank reconciliation, purchase order and expense management, tax management, and it is mobile-accessible. Xero integrates with over 800 third-party applications, covering everything from inventory and logistics to cash flow, project management, customer relationship management, e-commerce and more.
The product is sold by subscription (a distribution model commonly known as software as a service or SaaS) requiring the payment of a monthly fee. This charge is proportionate to the number (and type) of company entities managed by the subscriber. The lowest tiered pricing option is the $9 per month Starter pack, which supports unlimited users but a limited number of transactions. The $30 Standard pack breaks open usage limits and adds e-filing and payroll options. The $70 Premium package doubles the number of supported employees on payroll from 5 to 10, and supports multiple currencies.
The product is sold by subscription (a distribution model commonly known as software as a service or SaaS) requiring the payment of a monthly fee. This charge is proportionate to the number (and type) of company entities managed by the subscriber. The lowest tiered pricing option is the $9 per month Starter pack, which supports unlimited users but a limited number of transactions. The $30 Standard pack breaks open usage limits and adds e-filing and payroll options. The $70 Premium package doubles the number of supported employees on payroll from 5 to 10, and supports multiple currencies.
Xero Screenshots
Xero Video
Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup/
Xero Integrations
Xero Competitors
Xero Technical Details
| Deployment Types | SaaS |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
Alternatives
View all alternatives
Frequently Asked Questions
What is Xero?
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.
What are Xero's top competitors?
Priority AccountEdge, QuickBooks Online, and Sage 50cloud Accounting (formerly Sage 50 Accounting) are common alternatives for Xero.
What is Xero's best feature?
Reviewers rate Bank reconciliation highest, with a score of 8.9.
Who uses Xero?
The most common users of Xero are from Small Businesses and the Accounting industry.
Reviews and Ratings
(121)
Ratings
Reviews
(1-25 of 121)Companies can't remove reviews or game the system. Here's why
December 13, 2021
Xero Review
Xero has a much easier, user-friendly interface for ease of use in comparison to the above software and also saves time with day-to-day processing, payables, visibility on items due or requiring attention and the payroll is far easier to use. You can view previous pay runs and figures without needing to rely on reports and specific dates. It is easy to edit items and payroll. Setup of employees is easy.
December 01, 2021
Best mid-range accounting software!
The main reason for switching to Xero was the ability for it to handle multiple currencies as well as the integrations available to streamline our bookkeeping.
January 14, 2022
Xero is the Best.
- Dext Prepare (with Receipt Bank) and QuickBooks Online
Xero is more advanced than any of the accounting software I have used.
January 06, 2022
Affordable and Simple Small Business Accounting
Personally, I always hated QuickBooks. I'm sure the online/cloud version is a lot different than the older desktop software, but I never found it to be easy to use and my books were always out of sync. Wave [Accounting] was the first Saas accounting software I tried, but I didn't feel like it was ready for small businesses. That's when I found Xero. For the most part, Xero does what I need it to do and most importantly it keeps my books in sync with what is actually happening in my bank and credit accounts.
January 04, 2022
Best Accounting Software for Businesses of All Sizes
The ease of use and feature sets are miles apart from the competition. The alternatives that I have compared Xero with are just years away from dozens of features which makes a user's life much easier. The competition's localizations are still very far apart, and the terminologies vary very much from local accounting practices, too.
December 21, 2021
From Xero to Hero
Xero had better recommendations and my accountant preferred it even though it wasn't the cheapest, it came out the most recommended. Wave had a free version and a fairly good mobile experience this was our second choice.
December 06, 2021
A honest Review of Xero Software
Wave is a free service, and Xero it's not, so we had to switch over to a free version of Wave, the functions are the same, but the online version of both software are very good, but again, we switch to wave because we were able to work with the free version, Xerox has no free version, and I think for any business a cost is a cost we have to save as much as we can, that's why a free version would be a hit with Xerox.
November 27, 2021
Xero
MYOB certainly has its place in the industry and don't personally feel you could have one without the other. They both hold strong in the accounting software field and depending on client needs, varies my response to which one 'stacks up' better for that individual business. Having multiple options helps keep the providers on the feet to improve and release updates to provide better services to the user.
November 25, 2021
Xero is the current leader in ecommerce accounting, but Quickbooks is catching up fast
Xero was the first cloud-based accounting software, so we've always stuck with them. Quickbooks seems to be the only real competitor at least for eCommerce-based companies. The other options - Freshbooks, Wave, Zoho - seem to only be good for very, very basic service-based businesses. But it's been a while since I reviewed the options. I know Quickbooks and Xero are both acquiring a lot of complimentary software so I expect features to grow fast and impressively from here.
September 22, 2021
Infinity is just Xero spelled backwards
September 14, 2021
How do people live without Xero?
When we reviewed Wave it just didn’t have the features of Xero for payroll and integration with our accounting firm.
September 05, 2021
Four-Year Xero User
- Sage 50cloud Accounting (formerly Sage 50 Accounting)
I never used the cloud version of Sage, but since moving to Xero, we have saved significant amounts of time and money.
September 02, 2021
The discipline enforcer, which also makes me smile
Before Xero, I was using a spreadsheet and Word docs.
December 12, 2021
Founder/CEO
- FreshBooks and QuickBooks Commerce (formerly TradeGecko)
Seamless integration with all accounts, much more user-friendly, I chose Xero because of these 2 factors.
Xero is easier to train but does not have all the plug-ins.
December 20, 2021
Xero - Amazing Accounting Software
September 02, 2021
Xero is perfect for our small organization!
Xero is more cost-effective and seems to be easier in terms of set-up and ongoing administration. The design and layout of Xero are much simpler and easier on the eyes than QuickBooks. Given the size of our organization, which is quite small, we feel Xero is capable of meeting our needs.
December 23, 2021
XERO review
I have not used another software similar
December 23, 2021
Simple Xero
December 21, 2021
New to accounting? New business? Xero is easy and understandable...unlike the others.
The ease of use is the best function of Xero! I can't believe how easy it is. The guesswork and errors QuickBooks Online causes is ridiculous. Many of us have just learned to live with it, but once you try Xero, it's hard to go back.
December 11, 2021
Essential tool for business management
- Deputy
Xero has more functions and uses but is different and we need both to run our hospitality business. Deputy does the rostering side of things exporting to zero to manage financials.
November 29, 2021
Easy Use and Beautiful Online Accounting Platform
Xero could be slightly more expensive compared to these products but to me, Xero is the most user-friendly platform. It is very easy to use. Their support page and email support are also great. Apart from the platform, Xero has lots of integrations with other software providers which enables to sync various dates like payroll, sales, and inventory.
- FreeAgent, QuickBooks Online and Dext Prepare (with Receipt Bank)
Xero is for larger organisations that need (for example) payroll, international transactions, etc. It is by far the best we have used but it is not the most simple nor the least expensive, so you need to make a decision about if you need their services or whether a simpler system may be more suited.
September 15, 2021
Super ERP for small businesses
Xero features have a subset of the features QuickBooks Online has. Since Accrualify integrates with multiple ERP systems, we have integrated with both Xero and Quickbooks. Xero is ERP for small businesses and it really fulfills their needs to the full extent. It has good support and community around it.
September 02, 2021
Easy to use and great for small to medium business, but could do with improvements
We moved from FreshBooks to Xero as FreshBooks didn't allow for more advanced accounting and invoicing in multiple currencies.