Xero from a non-accountant perspective.
December 07, 2019
Xero from a non-accountant perspective.
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Xero
Xero is the accounting software we use to manage our income and expenses. It is mainly used by the COO and the accounts department. It is mainly used to manage the accounting needs of the business. We use it to raise invoices and track accounts receivables, keep track of expenses and manage cashflow, and finally to produce the financial statements.
- There is a live feed with the bank account (though there is a 1 day lag). In addition to the integration with Receipt Bank. It helps a lot with the bank reconciliation as the payments can be allocated to the invoices with a click of a button.
- There is a function to auto generate invoices and send these periodically with an email template.
- Software is user-friendly and easy to navigate as a non-accountant. It is quite intuitive and modern. Even the reporting for financial statements is easy to work with.
- There must be a simpler way to process the refunds from the bank feeds. There must be a way to raise the refund from the bank reconciliation and allocate to an existing invoice or account.
- Seems there is a difference if there is a bill raised or not which affects the reporting. There must be a way to raise the bill when reconciling with the bank feed.
- It reduced the time required for accounting (raising invoices and allocating payments).
- Good for reporting.