Awesome easy to use accounting software
Updated May 24, 2021

Awesome easy to use accounting software

Jez John | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xero

The entire organization uses Xero, and we love it! In 2008 we were using an apple mac solution called MYOB, it needed us to email 14mb data files from our bookkeeper, to me and our accountant. It got so confusing we had to build a tool to manage who had the file and allow it to be uploaded and downloaded. I found c. 6 online solutions and asked my bookkeeper to choose 1. She came back and said Xero, new to the UK would be a good fit. It is really easy to use, always up to date and is so well designed it's a pleasure to use.

Pros

  • Allowing the entire team to issue invoices as a project reaches a milestone or is singed off.
  • Amazing profit and loss reports
  • Super easy UK vat returns.

Cons

  • Possibly payroll, it was a late addition and we had already gone with another vendor.
  • They offer a project management tool called Work Flow Max and we had hoped this would be a useful addition but were underwhelmed. More of a negative for WFM than Xero though
  • Lets us chase debtors and manage overdue invoices really well, entirely automated.
  • Allows our whole team to issue invoices removing the traditional bottleneck of the accounts team needing to issue invoices.
  • Reduces the need for an accountant to produce our VAT return.
  • Bank rules and transactions appearing in Xero overnight makes reconciliation really quick,
We undertook this process nearly ten years ago, so I am fairly hazy on the alternatives!
Perfect bookkeeping and accounts package for small and medium businesses, I genuinely can't think of anyone who wouldn't find this valuable. It's so easy to use it hurts and decreases our reliance on bookkeeping staff. It integrates with our bank account and transactions appear to reconcile. I really think it saves hours every week.

Xero Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
8
Fixed asset management
Not Rated
Multi-currency support
10
Regulations compliance
Not Rated
Electronic tax filing
10
Self-service portal
10
Global Financial Support
Not Rated
Localizations
Not Rated
Journals and Reconciliations
10
Enterprise Accounting
Not Rated
Configurable Accounting
10
Centralized Rules Framework
10
Standardized Processes
10
Pricing
10
Order entry
10
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
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
10
Standard reports
10
Custom reports
10
API for custom integration
10
Plug-ins
10
Role-based user permissions
10

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