Xero very beneficial to our company
Anonymous | TrustRadius Reviewer
May 18, 2015

Xero very beneficial to our company

Score 8 out of 10
Vetted Review
Verified User
Review Source

Software Version

Standard

Modules Used

  • Xero

Overall Satisfaction with Xero

Xero is used by our Solutions Team at our corporate office, and by our Team Center, as one of the general ledgers in which we track our client's financials. The main business problems Xero addresses as we use it, are reconciling bank accounts, correctly tracking expenses, and creating accurate and useful client financials
  • Xero's layout is simple and easy to navigate.
  • Xero's bank rule feature is a huge plus for our company, in order to automate the reconciliation of recurring expenses.
  • Xero's open API capabilities is a huge strength as it relates to our company. It is a strength because it allows us to group applications and tools together and bring their data into Xero seamlessly.
  • Continue to add banking institutions from which you can get bank feeds. A few banks I have needed to pull into Xero have not had bank feed access.
  • In customizing check styles, allow for more customization, Moving text boxes independently from one another rather than moving them all together in the same direction.
  • Decreased processing time of monthly clients by several hours in some instances.
  • Cloud based allows us to easily communicate with our Team Center and have shared access to better find solutions in working an account.
Another General Ledger which I have used is QBO. I enjoy working with Xero more because I think it is simpler and more more easy to navigate, all while accomplishing the same things. QBO does have capabilities to integrate with add ons, but I have noticed that Xero generally has more integration capabilities, which makes it more valuable to what we do.
Key Questions may include:
How formally are you trained in accounting? If you are open to some difference, Xero will be great. I have found that some CPAs are reluctant to work within Xero. Will you be using other tools to manage your account? If yes, Xero has the best possibility to pull data from those apps.

Xero Feature Ratings

Accounts payable
Not Rated
Accounts receivable
Not Rated
Cash management
8
Bank reconciliation
9
Expense management
9
Time tracking
Not Rated
Fixed asset management
8
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
8
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
9
Standard reports
9
Custom reports
9
API for custom integration
10
Plug-ins
9
Role-based user permissions
9
Single sign-on capability
9