Xero
Updated January 15, 2018

Xero

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xero

Clients use it for basic cloud based accounting and bookkeeping.
  • Easy to use
  • Not a steep learning curve
  • Portable
  • Provides all the basic needs for an accounting system
  • Needs expanded offerings for job costing
  • Needs expanded offerings for departmental reporting
  • Xero is an affordable solution
Xero is best for small business owners.

Xero Feature Ratings

Accounts payable
7
Accounts receivable
7
Cash management
7
Bank reconciliation
7
Expense management
7
Time tracking
5
Fixed asset management
5
Multi-currency support
Not Rated
Multi-division support
4
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Pay calculation
6
Benefit plan administration
Not Rated
Direct deposit files
6
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
7
Standard reports
7
Custom reports
7
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated

Evaluating Xero and Competitors

Using Xero

It is a nice alternative to Quickbooks.
ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Familiar
None
  • Initial setup is easy.
  • Recording sales/ar/deposits is straightforward
  • Recording expenses is straightforward
  • Financial statement report is somewhat limiting
  • Setting up the trial balance and G/L to be viewed in the default USA settings assets, then liabilities, then equity, then revenue then expense. It defaults to a different ordering.