Xero is a great choice for Small Business
February 28, 2020

Xero is a great choice for Small Business

Holly Snell | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

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.
I highly recommend Xero for small businesses. It is concise and has all of the capabilities that small companies might need. It is easy to set up, and the price point is spot on. It is a great step up from using Quickbooks and has helped with our financial tracking and reporting.

Xero Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
7
Bank reconciliation
10
Expense management
10
Time tracking
Not Rated
Fixed asset management
10
Multi-currency support
10
Multi-division support
6
Regulations compliance
Not Rated
Electronic tax filing
1
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
7
Localizations
Not Rated
Journals and Reconciliations
10
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
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
Not Rated
Order entry
Not Rated
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
Not Rated
Standard reports
10
Custom reports
8
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10