Xero

Xero

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Top Rated
Top Rated
Xero

Overview

Reviews

Xero Review

10
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 to Hero!

10
Xero allows me to neatly and accurately keep my books in good order while storing all data in the cloud so it can be accessed anywhere. I …

Xero is the Best.

8
Xero is our main accounting system. I have used multiple Accounting software and I like Xero the most. Xero is very user-friendly as I …

From Xero to Hero

8
Our companies books and invoicing are run on Xero. Our accountant uses Xero in her firm too so the integration and remote managing of our …

Xero

10
Xero allows us to manage the Bookkeeping for our clients in the cloud. It provides up-to-date information at an instant allowing us to …

Four-Year Xero User

9
Swapped Sage 50 for Xero around 4 years ago and haven't looked back since. Saves much time and effort, as well as being significantly …

Founder/CEO

10
Xero answers business problems by giving small businesses a better, cheaper way to manage their finances. Xero is an online accounting …

xero saves time

10
We use Xero to keep a track of all our bills and pay them, To reconcile every transaction done through our bank account, keep a track of …

Xero - Amazing Accounting Software

10
I use Xero not only for my accounting and tax purposes but also to link my employee's timesheet from another software Deputy for my …
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Xero is perfect for our small organization!

9
Currently, we use Xero across the whole organization. At the department level, it's used to generate budget variance reports for various …
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XERO review

8
Xero is used in the business for both accounts payable and receivable. We submit our timesheets through Xero and receive all payslips and …
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Simple Xero

8
We use Xero internally for expensing and reimbursing employee expenses. We also use it as a quote and invoice generator. It allows us to …
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Popular Features

View all 44 features

Bank 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 pricing

Early

$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.

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 TypesSaaS
Operating SystemsUnspecified
Mobile ApplicationNo

Alternatives

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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 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

(1-25 of 143)
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December 13, 2021

Xero Review

Score 10 out of 10
Vetted Review
Verified User
Review Source
Not suitable for complex payrolls - if you are processing a large payroll through Xero it gets quite pricey, especially if you are paying to add on another software such as Deputy. Excellent for report building, bank feed processing, BAS preparation made easier, payables are easy to see. It's very user-friendly and the amount of online learning options available to everyone is brilliant. It's easy for us to convert clients to Xero and do training with them plus we can send them additional resources for learning provided by Xero.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Xero was a definite step up from QBO, specifically for the ability to handle multiple currencies. It has allowed us to streamline our bookkeeping and month-end processes through the use of integrations with other services. It is a great tool for basic businesses. I do feel it is not the best tool for enterprise customers, complex businesses, or the consolidation of entities.
November 26, 2021

Xero to Hero!

Score 10 out of 10
Vetted Review
Verified User
Review Source
Xero is well suited to my [organization] across all facets of the business. It easily handles payroll which is integrated with our Deputy account for a completely streamlined payroll process that requires very little user input. It also syncs with our point of sale, Lightspeed (Kounta) which removes any need for manual sales/revenue data entry. Managing expenses and bills to pay is also extremely easy, quick, and intuitive.
January 14, 2022

Xero is the Best.

Score 8 out of 10
Vetted Review
Verified User
Review Source
Xero is well suited for SMEs or large companies because of its efficiency. I always reconcile my figures back to Xero as a good check on the work I do. Xero has many reports regarding the Bank reconciliation or Pay run if you need them which is awesome. It's easy to export the accounts in Excel files or Google Sheets just like wanted. Xero could have been more helpful in consolidating accounts. It's a lot of work when doing it manually. So we really need more features that would help in preparing group accounts.
Brandon Scivolette | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source
Xero seems to target two different types of users: small businesses and accountants. While a lot of the functionality is simple enough to be used by small businesses, some things are clearly geared toward accounting professionals and are confusing for non-accountants. If you're looking for an application that is simpler and easier to use than Quickbooks, and want to keep your books and bank feeds in sync, then Xero could be a good choice.
Kelvin Leong | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
High transaction volumes e-commerce retailers who want to keep track of their transactions with integrations to other platforms such as WooCommerce, Shopify, etc. You don't need a whole accounting team anymore, this takes the bulk of the pain with accounting away. Definitely recommended at the top of my own list.
December 21, 2021

From Xero to Hero

Brett Levy | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Xero is a really good product. It is solid and reliable. We have used it in our company for many years and have no reason to change to one of the other platforms. If you have an external financial partner or accountant/bookkeeper it is easy enough to grant access (as well as revoke if need be). I do find the subscription fees expensive compared to some of the other solutions but it does get the job done and done well.
Mario Cruz | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
In my personal opinion, for small businesses, businesses under 25k and self-employed, contractors too. We used it for our construction company and we were 8 total employees. But I believe it can be used for any small contractor or self-employed. Also for remote working, this software will work since it's online-based.
Cody Murley | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source
Xero works great for multi-national companies with a lower degree of accounting complexity. Basic tools and business functions can be set up extremely quickly from implementation, but custom build-outs, API connections, script deployments, and complex business needs do not scale up well in Xero. Oftentimes, Xero works great as an entry-level ERP, and as companies scale up and grow in significant complexity, the need to graduate to a more accommodating system arises. Xero is an excellent value for the price though.
November 27, 2021

Xero

Score 10 out of 10
Vetted Review
Verified User
Review Source
I personally find most businesses that come to us are well suited for Xero's software. Clients who would like to run the day-to-day bookkeeping functions and have us do a monthly or quarterly review also benefit from the user-friendly interface. Payroll can become a bit slow above the 100 employee mark, so for larger-scale businesses, we might recommend alternative software packages or using a third-party provider that integrates to Xero.
Stephen Steinberg | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
I love Xero - they were the leader in cloud-based accounting and still hold that spot in my opinion. At the time of this writing, Quickbooks is making big moves to challenge them through acquisitions and new product features - we'll see who ultimately comes out on top. The one problem area for all eCommerce companies at this time is COGS calculations - in my opinion, whichever platform streamlines that process the best will win the race. If you have an eCommerce company, Xero is the choice. Unsure how service-based businesses would fare.
Score 10 out of 10
Vetted Review
Verified User
Review Source
I regularly recommend Xero to other small business owners based on the functionality and ease of use. It really does cover almost all of the accounting bases for a small business operator and is easy to learn and maintain. I find that the cost is reasonable for what you get out of the system.
Thomas Harding | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Honestly, I don’t know how people managed before software like Xero came along. It integrates directly with our bank feeds so as long as we keep up to date with our reconciliations, our accounts are always current. Shared access with your accountant makes it very streamlined to prepare any filings. Invoicing is very straightforward and the templates make for a professional front with customers. Here in New Zealand we can also automatically file PAYE which is a huge time and cost saver.
Michael Koslowski | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Good for those hesitant to learn new software. I would recommend having an accountant/bookkeeper help set you up properly for the features you need to use. I probably only use a fraction of Xero's capabilities, but enough to do everything our startup needs to do.
December 12, 2021

Founder/CEO

Vuyile Mthethwa | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Scenario 1: Xero is used for a variety of cases based on real-life experiences, including accounting for complex organizations, financial budgeting, invoice automation, and business insights for social enterprises. Scenario 2: A bookkeeper still handling books manually and without infrastructure, this would not work for you.
Score 10 out of 10
Vetted Review
Verified User
Review Source
I believe Xero is the market leader when it comes to accounting software, and it has definitely lived up to [its] reputation. Xero has catered for all my business need beyond my expectation and it has simplified so many different aspects as Xero are linked up with so many other software which enables my business to operate more efficiently and effectively. I can access any reports whenever I travel hence it gives me comfort and convenience for me to work and plan better at [the] ease of login into the software without taking folders full of paperwork or searching for reports [on] my laptop. Best thing ever happen for my business.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Xero is well suited for small companies/organizations that don't have very large transaction volumes and whose accounting is fairly simple and straightforward. It's also suited for entities that only require some basic/intermediate reporting needs. Xero is less appropriate for companies/organizations that require more advanced reports, have large transaction volumes, or if there are many accounting/finance professionals who will be using the platform at any given time.
December 23, 2021

XERO review

Score 8 out of 10
Vetted Review
Verified User
Review Source
Xero is well suited to all administrative duties and accounts payable/receivable duties across the board. The system is very easy to understand and gives the user abilities to keep contact information and invoice templates stored for later use, in turn improving efficiency. The software is also useful for timesheets and payslips and keeps a log of all previous timesheets that have been submitted.
Score 10 out of 10
Vetted Review
Verified User
Review Source
I believe start-ups and well-seasoned business owners would benefit from the ease of use with Xero. Xero is a stripped-down UI that makes accounting more intuitive. It is designed to be as easy as possible to use, and I have never been hung up on how to find something on this GL. I think this product would be great for the new, self-managing business owner so as to not scare them and to help them understand how the accounting process works.