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Affordable cloud solution for small business accounting needs
Updated January 07, 2020

Affordable cloud solution for small business accounting needs

Steven Duran | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xero

Xero is being used as our accounting package for our entire organization. It enables us to handle the invoicing of clients and purchasing of inventory. We utilize Xero's reporting functionality daily to track incoming revenues, expenses, and asset management. It's been incredibly helpful for my own particular line of business that I am responsible for.
  • Reporting
  • Invoicing
  • Cloud accounting
  • Integrations with 3rd party logistic software
  • Additional reporting features
  • Out of the box integrations with ecommerce platforms
  • Simple accounting reports
  • Super affordable
  • Easy to access at any time
We really liked Xero because it was incredibly affordable when compared to the other solutions that we evaluated. There are some things that need to be improved but overall it's a really enjoyable online accounting solution. I'm happy with my experience of Xero and I know there are ways that I could use it more effectively moving forward.
If you're running a relatively small business that needs a robust accounting package in a cloud environment, then I'd probably recommend Xero for them. If you're running a highly enterprise operation with many revenue sources that need to be closely tied to thousands of SKUs, then Xero is probably not the best solution for your company.

Xero Feature Ratings

7.1
Accounts payable
8
Accounts receivable
8
Cash management
8
Bank reconciliation
9
Expense management
7
Time tracking
Not Rated
Fixed asset management
6
Multi-currency support
Not Rated
Multi-division support
7
Regulations compliance
7
Electronic tax filing
Not Rated
Self-service portal
7
Global Financial Support
Not Rated
Primary and Secondary Ledgers
7
Intercompany Accounting
7
Localizations
6
Journals and Reconciliations
6
Enterprise Accounting
6
Configurable Accounting
7
Centralized Rules Framework
7
Standardized Processes
7
6.0
Inventory tracking
7
Automatic reordering
7
Location management
7
Manufacturing module
3
6.7
Pricing
7
Order entry
7
Credit card processing
7
Cost of goods sold
7
Order Orchestration
7
End-to-end order visibility
6
Order exception Resolution
6
6.2
Pay calculation
6
Benefit plan administration
6
Direct deposit files
7
Salary revision and increment management
6
Reimbursement management
6
7.0
Dashboards
7
Standard reports
7
Custom reports
7
6.0
API for custom integration
6
Plug-ins
6
7.0
Role-based user permissions
7
Single sign-on capability
7