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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

Not too bad

8 out of 10
November 30, 2023
Incentivized
Recording of all business transactions and preparation of monthly management financial reports for all entities in 3 countries. Unable to …
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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
  • Accounts payable (158)
    9.0
    90%
  • Accounts receivable (158)
    8.9
    89%
  • Bank reconciliation (165)
    8.8
    88%
  • Standard reports (159)
    8.3
    83%

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.

8
Avg 7.5

Customization

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

7.9
Avg 6.9

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.

8.3
Avg 7.8

Reporting & Analytics

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

8
Avg 7.5

General Ledger and Configurable Accounting

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

7.6
Avg 7.3

Inventory Management

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

6.7
Avg 6.9

Order Management

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

7.3
Avg 7.3
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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 Accounts payable highest, with a score of 9.

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

(682)

Attribute Ratings

Reviews

(1-25 of 108)
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Score 8 out of 10
Vetted Review
Verified User
Incentivized
It is a good piece of software however there are some things not working very well, not improved on despite many years of chasing with the developers. We still use it and still recommend for our clients, so generally the issues are not deal breakers, rather inconveniences. Also making certain addons paid separately, such as app for expenses or CIS is just ridiculous.
Herman Van Der Westhuizen | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Accessibility:
As a cloud-based platform, Xero allows our users to access financial data from anywhere with an internet connection. This accessibility enhances usability by providing flexibility in how and where users can manage their accounts.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Once i got to know it and understand it, it's great. Intitally i was overwhelmed (as with any software), but because the risk is higher with this piece (sending out invoices to clients, incorrect accounting etc) it was more important to take my time with how it worked.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
I do not fret about any accounting process or book keeping. My accounting firm is very pleased with all submissions. Sleep well at night knowing all my corporate tax obligations are easily managed. For a non-accountant is very easy system to use and customize as I need.
Candice Tootell | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
It has a clean usesr interface and easy to find the main headers. I think there is room for improvement in client / supplier accounts and transaction matching as it's hard to find out where to do it. The help and support has been really good when I've been stuck. The connections to external programs has been amazing.
Mahlodi Phahlamohlaka | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Once one gets to understand Xero fully, the tasks will be completed in a much shorter time giving the business enough time to review the client's performance, engage the clients, offer the clients current information (real time). No more struggle with bank reconciliation, spending time with recon. For basic transacting it is user friendly.
Score 10 out of 10
Vetted Review
Verified User
Xero is very user friendly and can be used by anyone, anytime, anywhere. The app makes it that much more accessible. And the video's aids in the learning process. I encourange all my clients to use Xero as it makes their lives and my life as there accountant that much easier.
Score 9 out of 10
Vetted Review
Verified User
Xero understands the user's requirements and I believe it keeps updating, accordingly, in its product updates.
Score 4 out of 10
Vetted Review
Verified User
Overall user friendly, except for entering opening balances of suppliers and debtors. Also doing setoffs between suppliers and customers not easy.
July 10, 2023

Fan-freaking-tastic

Score 10 out of 10
Vetted Review
Verified User
It is easy to learn, easy to use, easy to understand the process, reports, functionality. Easy to integrate other applications.
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