Xero

Xero

Customer Verified
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 …

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

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 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
  • 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).
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • 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.
January 14, 2022

Xero is the Best.

Score 8 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Kelvin Leong | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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

Brett Levy | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • 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).
Cody Murley | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Stephen Steinberg | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Lacey Davidson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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.
November 30, 2021

xero saves time

Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • 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

Score 8 out of 10
Vetted Review
Verified User
Review Source
  • 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

Score 8 out of 10
Vetted Review
Verified User
Review Source
  • 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