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
(495)
Ratings
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December 13, 2021
Xero Review
- BAS Prep & GST Reconciliation.
- Payables.
- Bank feed processing.
- Superannuation.
- Report building.
- Payroll - timesheet function very basic and can be tedious if not integrated with another payroll software.
- Audit trail reporting.
- Bank reconciliation - doesn't show matched-off items (eg: cash deposit can't have sales deposits ticked off to balance to deposit).
December 01, 2021
Best mid-range accounting software!
- Syncs with our bank accounts to automatically update our transactions that need to be coded.
- Integration with Receiptbank.
- User management and permissions.
- Consolidation of multiple entities.
- Integration with our credit card platform - all transactions have to be manually uploaded to Xero.
November 26, 2021
Xero to Hero!
- Payroll integration[.]
- Intuitive user interface[.]
- Point of sale integration[.]
- Greater customizability of the dashboard[.]
- Easier access to support[.]
January 14, 2022
Xero is the Best.
- Bookkeeping.
- Payroll run.
- Bank Reconciliation.
- Invoicing and billing.
- Scheduling Payments.
- More report features are always appreciated.
- The server is sometimes slow and goes through maintenance which may cause delays in our work.
- Sometimes, when I try to get transactions categorized as per Suppliers for a particular period, I have to do it manually as there could be multiple transactions with the same supplier.
January 06, 2022
Affordable and Simple Small Business Accounting
- Transaction Feeds
- Bank Reconciliation
- 1099 Reporting
- P/L Reporting
- Batch Payments
- Bulk Void/Delete of Bills and Bill Credits
- Confusing Reporting System for Non-Accountants
January 04, 2022
Best Accounting Software for Businesses of All Sizes
- Bank feeds from banks are consistent and reliable.
- "Smart" transaction matching is a huge time-saver.
- Turns anyone capable enough to do basic accounting data-entry/processing.
- Very easy flow and terminologies, yet remaining true to accounting core.
- Multiple modes for users of varying levels.
- Raw API integration is largely difficult to work with, but will probably only affect a small group of power users.
- More integration points in terms of task automation could be good.
- Price point is good for larger businesses but a little painful for smaller businesses.
December 21, 2021
From Xero to Hero
- Invoice our customers.
- Capture our expenses.
- Prepare the Annual financial statements.
- Cash flow reporting.
- Price.
- Setting up of personalised stationery (not the easiest).
- Mobile version is not the easiest to navigate (but not the worst either).
December 06, 2021
A honest Review of Xero Software
- Invoices
- Reports
- Appearance
- Online Access
- A Free Version
- limited online Reports
- Remote Access - could do better job with multiplr users online
- Multicurrency subsidiary management - easy to transaction and translate financials into various currencies.
- "plug and play" accounting system with minimal customization required - great for smaller businesses or straightforward operations.
- Smart-scan software integrations for accounts payable and receivables.
- User management and permissions is the easiest out of any ERP system I have used, and that's comparing across many.
- API connectivity to key systems is not as robust as systems such as NetSuite and Dynamics. If your business wants to connect all of its core platforms and flow data using best-in-class connectors, Xero will fall short.
- Customized financials and reporting is also simplistic - this is both a pro and a con, depending if your business is simplistic or if it has a high degree of specific and non-standard requirements. It's extremely easy to maintain a P&L and balance sheet, for instance, but custom reporting for things like FP&A are a challenge.
- Scripts for automated accounting processes are similarly not robust and I would not recommend scaling a business with complex automations and build-outs in Xero.
November 27, 2021
Xero
- Bank Feeds
- Reconciliation
- Invoicing
- User Access
- Inventory
November 25, 2021
Xero is the current leader in ecommerce accounting, but Quickbooks is catching up fast
- Integrations with other platforms
- Quick & easy reconciliation process
- Particularly good for ecommerce accounting & bookkeeping
- Affordable & great value
- Improve the Xero community (Facebook groups, Linkedin Groups, etc) for more robust community support
- Faster product improvements and new feature releases
- Better inventory management and COGS calculations
November 09, 2021
Xero - maybe not a life saver, but certainly a time saver
- Xero helps us manage all of the Covid related payroll rules.
- Invoice and quoting is super easy and effecient.
- Xero is easy and effective for tax preparation like BAS.
- Specific user functionality could be expanded to allow multiple areas of access.
- Sometimes navigation isn't intuitive.
- Copying items like invoices could be streamlined.
September 22, 2021
Infinity is just Xero spelled backwards
- Bank feeds work great, or I can easily import statements.
- Easy to use, but still has the manual journal options for more detailed accounting.
- Fixing errors is easy, plus gives detailed info on which user did what.
- Cost! Very worth the low price.
- Setting our own fiscal calendar is not available, so for every return or P&L, I have to manually adjust dates.
- Remittance information on the checks is not available, and it very frustrating what they let you put on the checks.
- Checks print in whatever weird order Xero puts them in. You can adjust to make it alphabetically and I can't figure out what ordering system they use.
- We do use a small bank for one of our accounts, and it doesn't integrate with that bank. But that could be the bank's fault.
September 14, 2021
How do people live without Xero?
- Invoicing.
- Payroll.
- Annual accounts.
- Tax filings.
- Reporting.
September 11, 2021
Xero - the best and easiest accounting software I have used in 35 years of finance
- Invoicing.
- Purchases.
- Reporting.
- Payroll.
- Payment to accounts payable by credit card.
September 05, 2021
Four-Year Xero User
- Auto syncs bank account.
- Allows direct expenses to be input.
- Integrates payroll.
- More customizable reports.
- Multi currency expenses.
- Ability to pay by direct debit.
September 02, 2021
The discipline enforcer, which also makes me smile
- Links to the Australian tax office.
- Links to bank accounts.
- UX is simple and clean.
- Search experience isn't great, too often linked to unhelpful info.
December 12, 2021
Founder/CEO
- Cash Coding.
- Fix posting.
- Generate Financial Report.
- Customer service.
- Eliminating duplicate posting of contact.
- More plug in similar the other major accounting software.
November 30, 2021
xero saves time
- Integrate with other systems ie, deputy to help make payroll easier
- The dashboard is an easy and simple display letting me know what invoices and bills are overdue
- Provide articles for anything you need to do in xero if you dont know how to do it
- I dont like the new way the reconciliations are now displayed
- none that i can think of
- none that i can think of
December 20, 2021
Xero - Amazing Accounting Software
- Integrates with a lot of other different software
- Generates excellent reports for business owners to review their business position
- Allows users such as accountant/bookkeeper and myself to access the software anytime
- Payroll
- Quicker response time for support
- Cost - most competitors are cheaper
September 02, 2021
Xero is perfect for our small organization!
- Easy to set up/use. It took me only 15-minutes for the initial setup.
- Provide necessary integration with other applications we use. We integrate Xero with Expensify and JustWorks.
- Cost-effective and therefore much cheaper than other plans out there.
- Real-time link with our bank, which provides real-time account balances of what's in our bank account.
- Standard reports already built-in.
- Customized reports - allow more customization of reports to meet the specific needs of users.
- Allow multiple journal entries at one time.
- Create more free integrations with other software applications, like SAP Concur.
December 23, 2021
XERO review
- Ability to keep invoice templates
- Stores all payslip and leave information in an easy accessible way
- Efficient and fool proof way to generate and send invoices
- no issues
- no issues
- no issues
December 23, 2021
Simple Xero
- Quote/Invoice generation
- expense tracking and reimbursement
- Employee visibility on dashboard and payment status
- Easy invoice templates
- It is relatively simple overall, good for ease of use but no real advanced functionality
- Relatively inflexible invoice generator tool
- No integration and visibility to other payroll platforms
December 21, 2021
New to accounting? New business? Xero is easy and understandable...unlike the others.
- Cash coding.
- Reconciliations.
- Custom Reports.
- Client's customization.
- Inventory for manufacturing process.
- More report options.