Overall Satisfaction with Xero
We use Xero for our sole accounting software. We have a multi-currency company, and this is a massive help with exchange rates and tracking. We are a small company, so just the controller and CCO use this as they are the sole providers and in charge of all inputs of all information.
- Bank account connections to auto-download transactions - really help in ease and time management.
- Multi-Currency capabilities
- Financial reporting - concise and a lot of reports to choose from
- 1099 capabilities are lacking - 1099 report is cumbersome to produce and doesn't save logistics for the next year or next time you need to run the report.
- Significant positive impact, time saver on reconciliations, and inputs
Xero has been hands down so much better than Quickbooks. With reporting alone- Xero has exceeded Quickbooks. It is so much easier to logon - not have to back up the program having it all cloud-based. So many more functions and ease of multi-currencies is excellent as well.