Xero makes accounting easy and eliminates the need for bookkeeping support.
May 02, 2021

Xero makes accounting easy and eliminates the need for bookkeeping support.

Mark Sinclair | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xero

We use Xero to manage our accounting and reporting requirements. Xero also integrates with other applications we use including Chargebee, Bank accounts[,] and Stripe.
  • Synchronises transactions with bank account for easy reconciliation
  • Automates BAS and GST reporting
  • Automates transaction allocation to accounts based on banking transaction codes
  • Provides all financial reports
  • Reconciles transactions from our subscription system, Paypal and Stripe
  • None come to mind. Xero meets all our needs.
  • Significant time savings
  • Eliminated the need for book keeping support
  • Instant reporting
Xero is superior to MYOB in multiple ways, particularly government reporting, BAS and GST.
Xero is simple to use and at the same time covers all the financial and accounting complexity needed for a SaaS business like ours.
Xero was very easy to implement and integrate with banking and the government portal. Easy to follow [the help] is provided.

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

Xero is great at reconciling transactions between bank accounts, our subscription system, and payment integrators. Also, the automated BAS and GST reporting functionality saves significant time.

Xero Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
10
Electronic tax filing
10
Self-service portal
10
Global Financial Support
Not Rated
Primary and Secondary Ledgers
10
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
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
10
Benefit plan administration
10
Direct deposit files
Not Rated
Salary revision and increment management
10
Reimbursement management
10
Dashboards
10
Standard reports
10
Custom reports
Not Rated
API for custom integration
Not Rated
Plug-ins
10
Role-based user permissions
10
Single sign-on capability
10