Affordable, Shockingly Limited By Their Own Development Choices
Updated July 17, 2023
Affordable, Shockingly Limited By Their Own Development Choices
Score 6 out of 10
Vetted Review
Verified User
Overall Satisfaction with Xero
We use Xero to track our financial activity for three companies. The international banking integrations are very helpful for managing companies in Canada and the USA. Due to some basic functionality lacking in the billing tools, we use Freshbooks for invoicing and rely on integration between the platforms to keep billing up to date.
- Bank rec is really easy and forgiving when correcting a mistake.
- Basic financial reports are built in and useful.
- It's popular enough that there are numerous integration options with other platforms.
- No invoicing, late fees - despite years and years and thousands of clients requesting it, Xero has decided not to develop any kind of interest or late fee functionality. Their only solution is to suggest a 3rd party tool that is quite expensive.
- No bundling/assembly tracking. If you are selling an item or service that requires multiple products or multiple revenue accounts, you're out of luck. Unless you want to manually make adjustments, or pay hundreds of dollars for a 3rd party tool.
- Xero helped us to save time with tracking what has happened.
Xero is more affordable than other solutions, and being cloud-based it's helpful for granting accountant access.
Every other accounting package in existence has late fees and interest options built in.
Every other accounting package in existence has late fees and interest options built in.