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Review: "Reconcile easily and on-the-go with Xero - Could save you hours!"
https://www.trustradius.com/accountingXeroUnspecified8.6222101
Tamara Thompson profile photo
January 08, 2019

Review: "Reconcile easily and on-the-go with Xero - Could save you hours!"

Score 10 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Xero

My COO uses Xero online and has the app on her phone for my business. It is perfect during traveling because you are able to easily keep track of receipts by simply taking a picture and categorizing it right away. Before, it was a challenge to keep track of all receipts and categorizing accounts efficiently and effectively. Another way our department uses it is by creating invoices, quotes, add bills, contacts and uploading files to inbox via the mobile application.
  • Add Receipts - Huge strength especially while on the go and traveling that you are able to take a picture of the receipt and categorize it right when you make a purchase (business expense).
  • Keeping track of Sales - it's great to see all of the money incoming and outgoing over the months.
  • Reports - easily to export reports for financial, sales, purchases, tax, accounting, fixed assets, and inventory.
  • Notifications to reconcile transactions during specific timeframes would be extremely helpful.
  • Education and videos on how to use the software more effectively.
  • It gives me peace of mind that our receipts are getting saved digitally as well as filed.
  • The return on time is substantial.... we used to spend hours and hours in Quickbooks and it is a lot easier and faster to file in Xero.
My tax consultant recommended Xero because we were having a tough time keeping track of receipts while traveling. We initially had Quickbooks but not the desktop version and were very confused with the functionality.

I found with Xero's monthly reconciliations extremely helpful to make sure our money is being allocated in the right areas. It is so much easier now to manage bills & expenses.
Xero is very simplistic compared to other solutions. Super functional and convenient. Easy to train someone new on. I felt like I couldn't train someone on Quickbooks, it always seemed complicated.

Another thing is that when you link up your account to download transactions from your bank, you have to set up the right starting balance per the bank, therefore, team members must be mindful of that.

Xero Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
10
Electronic tax filing
Not Rated
Self-service portal
10
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
Not Rated
Enterprise Accounting
Not Rated
Configurable Accounting
10
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
10
Order entry
10
Credit card processing
Not Rated
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
8
Standard reports
8
Custom reports
7
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10
Branded client dashboards
Not Rated
Client data roll-up capabilities
Not Rated
Client data consolidation for benchmarking
Not Rated
Configurable alerts
Not Rated
Billing bypass
Not Rated
Client template cloning
Not Rated
Single sign-on
Not Rated
Configurable client onboarding questions
Not Rated
Cross-client workflow management
Not Rated
Industry-specific versioning
Not Rated
Legacy system data migration
Not Rated