XERO - an excellent application for all basic and advanced accounting needs
April 28, 2021

XERO - an excellent application for all basic and advanced accounting needs

Nicola (Nicki) Morris | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Xero

Xero is being used across the organization for sales invoicing, accounts receivables management, expense reconciliation, accounts payable, bookkeeping functions and financial reporting. It addresses all of our accounting and financial management needs. It is a comprehensive application that allows manual journal entries, integrates well with other applications, and is very user friendly.
  • Sales invoices - can be customized, default due dates set up and reminders sent to facilitate payment
  • Integrates well with other applications (Dext/Receiptbank) - makes expense reconciliation very efficient and accurate.
  • Excellent reports - can be customized and valuable for simple or detailed reporting and analysis
  • Easy to use for those with no accounting background (also suitable for those with advanced accounting knowledge)
  • Improvements are always being made but nothing currently needs improvement
  • Excellent positive impact on ROI - easy to use, saves time related to bookkeeping
  • Improved access to financial information - excellent reports
  • Improved bill payment time - can easily see what bills are due and the amounts
  • Improved accounts receivables collection time - can easily see when invoices are coming due
Xero is easy to learn and easy to use - many of the functions are intuitive
Integrates well with banking providers for import of account transactions. Also integrates well Dext and Hubdoc to ensure seamless access to information and reduction of duplication

Do you think Xero delivers good value for the price?

Yes

Are you happy with Xero's feature set?

Yes

Did Xero live up to sales and marketing promises?

Yes

Did implementation of Xero go as expected?

Yes

Would you buy Xero again?

Yes

Dext Prepare (with Receipt Bank), Hubdoc, Wave Accounting
[Xero is well suited for] Small business, bookkeeping, for those with limited accounting skills (and also appropriate for those with advanced accounting knowledge).
Any business that needs a comprehensive, well integrated accounting platform with excellent support resources and technical support.

Xero Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
9
Bank reconciliation
10
Expense management
10
Time tracking
Not Rated
Fixed asset management
10
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
10
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
10
Standardized Processes
10
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
10
Order entry
Not Rated
Credit card processing
10
Cost of goods sold
10
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
10
Standard reports
10
Custom reports
10
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10