Best Option Available
May 20, 2015
Best Option Available
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Xero
We run a number of retail stores, and use Xero for accounting over the whole business. We also link it with Vend which we use to run the shops and inventory.
- The entire product is beautiful and simple to use, but particularly the bank reconciliation which is almost impossible to get wrong.
- You and your accountant work on the same data, no more transferring or synchronising files.
- There are a huge number of add-ons that mostly work very well, making ERP level features available to small businesses.
- Xero is very innovative and collaborates with other large companies and the government to improve the product, i.e. when purchasing from some petrol companies the invoices appear in Xero automatically.
- Foreign exchange is a dream, all balances being revalued automatically.
- Makes full use of being online, with customers able to view invoices and quotes online.
- Xero is still a relatively basic system, and would not be suitable for large businesses with complex needs. However it does cover all the basics very well, and has many add-ons that can be used to cover gaps.
- Massively reduce time spent on bookkeeping by making all tasks simpler and quicker
- Better and faster reporting because everything is so easy to keep up to date
- Easier collaboration with accountant, they can see everything in the system without having to send them anything
- MYOB,NetSuite