Xero - a good buy for your accounting needs
December 08, 2018

Xero - a good buy for your accounting needs

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xero

Xero is used by our company as our accounting system, our financial source of truth. Its capabilities include invoicing, bill management, bank reconciliation and expense tracking. The user interface is appealing and easy to use.
  • Customer Support!
  • Bank reconciliation.
  • Reporting.
  • The change in direction for US payroll (i.e: integrate with an add-on) was disappointing.
  • More invoicing formatting capabilities.
  • Xero has increased cash flow visibility.
  • Xero has reduced receivables turnaround.
In my opinion, Xero not only has equal and, in some cases, more functionality, it also has a better value price point.
Xero is excellent for small and medium sized businesses. Functionality that is not available in Xero can usually be found in the add-on marketplace, which is quite robust.

Xero Feature Ratings

Accounts payable
8
Accounts receivable
8
Cash management
9
Bank reconciliation
10
Expense management
7
Time tracking
3
Fixed asset management
4
Multi-currency support
8
Multi-division support
8
Regulations compliance
4
Electronic tax filing
5
Self-service portal
9
Global Financial Support
9
Primary and Secondary Ledgers
10
Intercompany Accounting
8
Localizations
10
Journals and Reconciliations
10
Enterprise Accounting
3
Configurable Accounting
5
Centralized Rules Framework
7
Standardized Processes
8
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
8
Order entry
8
Credit card processing
8
Cost of goods sold
8
Order Orchestration
8
End-to-end order visibility
7
Order exception Resolution
7
Pay calculation
8
Benefit plan administration
Not Rated
Direct deposit files
6
Salary revision and increment management
6
Reimbursement management
7
Dashboards
8
Standard reports
9
Custom reports
7
API for custom integration
9
Plug-ins
10
Role-based user permissions
8
Single sign-on capability
8