Item: Xero
Rating: 8
Author: Genie Forkner

Use Cases and Deployment Scope

We have used Xero across our whole organization as an affordable alternative to QuickBooks. With little to no bookkeeping experience, It's user-friendly interface allowed me to effectively and efficiently reconcile my payables and receivables and generate dynamic reports to track our overall financial performance and identify areas of opportunity.

Pros and Cons

Integrates perfectly with PayPal and Traditional Banks
Allows a novice to generate detailed reports and analytics
Easy to use visual interface
Affordable alternative to Quickbooks

Sorting and grouping invoices when reconciling payables
Payment interface integration with PayPal
Streamlining the banking history import features.

Return on Investment

Greatly reduced the number of hours spent reconciling payable/receivables.
Easy to quickly produce custom spending reports
Easily allows you to track reimbursements

Alternatives Considered

We primarily selected Xero based on price and ease of use when we compared it to both QuickBooks and FreshBooks.

Other Software Used

Adobe Acrobat DC, Microsoft Office 365

Likelihood to Recommend

Xero is an ideal solution for Freelancers or Micro Agencies. It's easy to use, and you don't have to have a degree in finance to reconcile your books, keep accurate records, and generate reports.
It may or may not be as effective if multiple users were needed with various permission roles.

Perfect For Freelancers & Micro Agencies

Overall Satisfaction with Xero