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Xero

Xero

Overview

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…

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Recent Reviews

Xero to Hero

8 out of 10
March 18, 2024
Incentivized
My business uses Xero as a gauge for all financial optics. It helps manage monies in and out, account visibility and solves invoicing …
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Xero the Hero

10 out of 10
March 04, 2024
Incentivized
I use Xero for invoicing, reconciling our monthly revenue and spending, and providing our accountants with the information they need for …
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Xero or Zero

1 out of 10
March 01, 2024
I use it as an accounting program. <br>The program constantly loses the ability to connect to my bank. When reported this problem takes …
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Xero

4 out of 10
February 02, 2024
It is an accounting system we use for billing, paying bills, and producing financial reports. It also has payroll capabilities, but I am …
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Efficient User

8 out of 10
January 11, 2024
Incentivized
Xero caters excellently to businesses of various sizes, offering a remarkably clean interface that's incredibly user-friendly, even for …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

View all 44 features
  • Bank reconciliation (188)
    9.1
    91%
  • Accounts receivable (181)
    9.0
    90%
  • Standard reports (183)
    8.3
    83%
  • Dashboards (180)
    8.0
    80%

Reviewer Pros & Cons

View all pros & cons

Video Reviews

1 video

"Straight-Forward" Accounting. How Xero Helped a Business Owner Manage Expenses
03:08
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Pricing

View all pricing

Early

$13

Cloud
per month

Growing

$37

Cloud
per month

Established

$70

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

Starting price (does not include set up fee)

  • $13 per month
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Features

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

7.8
Avg 7.5

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

7.5
Avg 7.1

Security

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

8
Avg 8.0

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

8.1
Avg 7.6

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

7.4
Avg 7.4

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

6.5
Avg 7.0

Order Management

The ability to process orders, and track them from quote to cash.

6.8
Avg 7.4
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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, and e-commerce.

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 Features

General Ledger and Configurable Accounting Features

  • Supported: Accounts payable
  • Supported: Accounts receivable
  • Supported: Cash management
  • Supported: Bank reconciliation
  • Supported: Expense management
  • Supported: Time tracking
  • Supported: Fixed asset management
  • Supported: Multi-currency support
  • Supported: Multi-division support
  • Supported: Regulations compliance
  • Supported: Electronic tax filing
  • Supported: Self-service portal
  • Supported: Global Financial Support
  • Supported: Primary and Secondary Ledgers

Inventory Management Features

  • Supported: Inventory tracking

Reporting & Analytics Features

  • Supported: Dashboards
  • Supported: Standard reports
  • Supported: Custom reports

Customization Features

  • Supported: Plug-ins

Security Features

  • Supported: Role-based user permissions
  • Supported: Multi-factor authentication

Xero Screenshots

Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of

Xero Video

Xero is accounting software for small businesses and their advisors. It reveals a business's cashflow in real-time with online accounting, invoicing, payroll, billing & banking.

Xero Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo

Frequently Asked Questions

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.

Xero starts at $13.

Priority AccountEdge, QuickBooks Online, and Sage 50cloud Accounting are common alternatives for Xero.

Reviewers rate Journals and Reconciliations highest, with a score of 9.3.

The most common users of Xero are from Small Businesses (1-50 employees).
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Comparisons

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Reviews and Ratings

(720)

Attribute Ratings

Reviews

(1-25 of 32)
Companies can't remove reviews or game the system. Here's why
January 15, 2018

Small company savior?

Austin Morrell | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Renewal won't be a question for my company. Xero--with our 12 month run thus-far--has proven to be reliable, capable, and idiot proof. I rely heavily on value brought to the consumer, this is no exception. I look forward to many years of working with Xero. And in those many years making and breaking company goals with Xero behind the scenes.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
It is very intuitive and easy to use so minimal training time is needed, and this means that if key staff are off for any reason, the invoices can still go out which is very important to us a as a small business.

Visibility of key issues is very clear so management can login and see things for themselves, rather than having to ask staff for reports. It's great that multiple people across the business can login and see an up to date picture of the finances.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Beside what's already covered, the "discussion" feature in Xero, and the "Cash Coding" feature as well as "Find & Recode" feature allow classification or reclassification of many transactions quickly.
Matthew Toenjes | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We will definitely continue to use and support Xero. It is constantly being improved and upgraded and gets better and better as time goes on. It seems very likely that Xero will be a major player in the small business accounting world for the foreseeable future. It's affordable pricing and ease of use make it an excellent choice for most small businesses and organizations.
Mark Ternent | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
For what it is, I do and will highly recommend Xero to others and thus I give it 10/10 to reflect that. BUT - it of course does not suit every business or organisation all the time. So, my 10/10 comes with the caveat, that the reader has considered what their business information needs are and whether Xero's simplicity (and integrated products) will be what they need.

I have researched other options to Xero in the last year, but have no intent of moving away from it at this time, or for the foreseeable future. This aspect of my business works well, and I see no advantages in changing it.

We are currently implementing an end-to-end business services automation package, and this will integrate with Xero via a third party integration.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
As soon as Wave supports API, I'll probably switch to that since it's free. I'll also probably try QuickBooksOnline even though I expect not to be impressed. Trying to cut costs a bit.
Kris Bowling | TrustRadius Reviewer
Score 5 out of 10
Vetted Review
Verified User
Incentivized
Xero is a good product and I believe with enhancements it will continue to improve so it will be more competitive with other products on the market. As the clients comfort level with Xero increases the more likely they will be to renew. Generally speaking folks don't like change, so if something is working there is no need to move their cheese.
Neethu Stephen | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Simplest answer - it works for us. For our own company, I don't think we are looking for any options other than Xero right now. Everyone in our company uses it - Finance uses it for bookkeeping and follow ups, Sales for quotes through to invoicing customers, we all use it for individual expense claims. So far so good! No reason to change.
Sarang Mandke | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
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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