Perfect For Freelancers & Micro Agencies
March 09, 2020

Perfect For Freelancers & Micro Agencies

Genie Forkner | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xero

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

  • 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

Cons

  • Sorting and grouping invoices when reconciling payables
  • Payment interface integration with PayPal
  • Streamlining the banking history import features.
  • Greatly reduced the number of hours spent reconciling payable/receivables.
  • Easy to quickly produce custom spending reports
  • Easily allows you to track reimbursements
We primarily selected Xero based on price and ease of use when we compared it to both QuickBooks and FreshBooks.
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.

Xero Feature Ratings

9.9
Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
Not Rated
Fixed asset management
9
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
10
Enterprise Accounting
Not Rated
Configurable Accounting
10
Centralized Rules Framework
Not Rated
Standardized Processes
10
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
10.0
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
10
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
10.0
Pay calculation
10
Benefit plan administration
Not Rated
Direct deposit files
10
Salary revision and increment management
10
Reimbursement management
10
10.0
Dashboards
10
Standard reports
10
Custom reports
10
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated

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