A refreshing experience for small business finances
May 15, 2015

A refreshing experience for small business finances

Adrian G. Simmons, CPA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Software Version

Standard, Cashbook

Modules Used

  • Xero
  • Partner Edition

Overall Satisfaction with Xero

We're a CPA firm serving small businesses, and set up our customers on Xero to track their business finances.
  • Visual design -- this makes Xero more intuitive and even fun to use. As well as saving time and effort.
  • Flexibility -- the technological infrastructure allows the Xero programmers to adapt the financial data to multiple uses, and continue to push the edges of innovation.
  • Add-on ecosystem -- Xero has built around it a forward-thinking add-on community that solves more sophisticated use cases in elegant ways.
  • Accountant integration -- Unlike other providers, Xero's vision includes the accountant as a support to the business owner, and it shows in how they build the software to enable collaboration between the accountant and business owner.
  • Some people may not be ready for how Xero looks at accounting from a completely different angle than traditional software. It can take a mindshift to get used to it, but once you do, you see why, and how it makes it so much easier in the long run.
  • Xero is building out its reporting functionality, with reports that are more powerful than those historically available from similar providers. However, in the short term a smaller report set is available.
  • Xero's mobile app was one of the first of its kind when it first came out, but the developers realize it's time for an upgrade and one should be forthcoming soon.
  • Better ability to collaborate with customers.
  • Easier access to data.
  • Actually enjoyment working with information.
  • QuickBooks Online,QuickBooks Premier,Accounting by Wave,FreshBooks,Sage 50 Accounting
The design, usability, and forward-looking development path attracted me to Xero.
The level of automation possible makes life simpler for small businesses. And the ability to collaborate in real-time makes it possible to serve customers in a way we couldn't before. And the continued release of features that really impact our customers for the better continues to reassure us this was a good choice.
Xero works great for a small business that is service based, or one which will be integrated with an add-on for sophisticated use cases. It is also great for multi-user scenarios, since unlimited users are provided. It's less suited to be implemented as an all-in-one (i.e., without add-ons) when there are specific industry needs.

Xero Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
9
Bank reconciliation
10
Expense management
9
Fixed asset management
7
Multi-currency support
10
Multi-division support
8
Regulations compliance
9
Self-service portal
10
Pricing
8
Order entry
9
Credit card processing
9
Cost of goods sold
8
Pay calculation
6
Direct deposit files
6
Salary revision and increment management
6
Reimbursement management
9
Dashboards
10
Standard reports
10
Custom reports
9
API for custom integration
10
Plug-ins
10
Role-based user permissions
9