Xero is perfect for our small organization!
September 02, 2021
Xero is perfect for our small organization!
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Xero
Currently, we use Xero across the whole organization. At the department level, it's used to generate budget variance reports for various department heads to track and monitor the annual budget and actual spend to date. Organization-wide, it's our primary accounting system. We use it to create IS, BS, CF, etc., and to generate GL, JE, etc. for our auditors and tax preparers. The application is also synced with our bank accounts so we get real-time account balances. It's also integrated with other systems we use, including Expensify (used for employee reimbursement and corporate card purchases).
- 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.
- Improved transparency across departments on actual spend to date.
- Improved financial accessibility. Ad hoc financial reports can be created in an instant.
- Integration with other apps reduces errors. For example, employee reimbursements are automatically synced from Expensify to Xero.
- Saves time on reconciliation.
- Decreased risk and improved financial security.
Xero is more cost-effective and seems to be easier in terms of set-up and ongoing administration. The design and layout of Xero are much simpler and easier on the eyes than QuickBooks. Given the size of our organization, which is quite small, we feel Xero is capable of meeting our needs.
The fact that Xero is cloud-based is very helpful and one of the top features we required when scoping out the different vendors. We wanted something we could access no matter where we are and no matter which laptops we have or lack. I'm comforted to know that if there's an urgent issue at work and I'm abroad with no office laptop, I can still access our company's financial/accounting data. However, I need to better understand the backup capability of the Xero cloud.
Do you think Xero delivers good value for the price?
Yes
Are you happy with Xero's feature set?
Yes
Did Xero live up to sales and marketing promises?
Yes
Did implementation of Xero go as expected?
Yes
Would you buy Xero again?
Yes