Overall Satisfaction with Xero
Xero provides a Practice Addition to it's Bookkeeper/Accountant community. This allows you to set up your practice and also see your clients that have added use as an Advisor for Xero.
The big advantage of Xero is it was built as a cloud based service from the beginning. They do a great job of providing core functionality for the platform but also provide a great API for developers to add vertical solutions.
Their Bank Feed and Reconciliation functions are the killer app. Very easy to quickly and accurately code transactions received from the bank.
They were just named Forbe's Most Innovative Growth Company for the 2nd consecutive year. They are New Zealand based and have a strong presence in Australia, the UK, and Canada. Intuit has made great strides with their online product the last couple years due to competition from Xero. I still find Xero to be the better cloud based service but a little competition has made both companies innovate.
The big advantage of Xero is it was built as a cloud based service from the beginning. They do a great job of providing core functionality for the platform but also provide a great API for developers to add vertical solutions.
Their Bank Feed and Reconciliation functions are the killer app. Very easy to quickly and accurately code transactions received from the bank.
They were just named Forbe's Most Innovative Growth Company for the 2nd consecutive year. They are New Zealand based and have a strong presence in Australia, the UK, and Canada. Intuit has made great strides with their online product the last couple years due to competition from Xero. I still find Xero to be the better cloud based service but a little competition has made both companies innovate.
- Bank Feeds
- Bank Reconciliation
- Integration with other Cloud Services
- They recently added a basic inventory module that can be used for merchandising but if you're tracking manufacturing costs you will need an add on service.
- Payroll is solid but still in development, more state coverage and features will be found with other providers.
- One of the benefits of Xero is all the vertical services you can integrate, but that means only the most basic users can get by with just the basic Xero set up.
- Much easier to access customer information anytime/anywhere to look something up or reconcile transactions.
- Most or all paper can be eliminated from your processes.
I did a side by side with Quickbooks online and I find Xero is just much easier to jump in, get things done, and get out. They are very deliberate in the same way Apple is making sure that any feature added works extremely well and adds to the user experience. Very well thought out design and the Bank Reconciliation process is so fast and easy.