The discipline enforcer, which also makes me smile
September 02, 2021

The discipline enforcer, which also makes me smile

Michael Koslowski | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Xero

I use Xero for all sales and bills, with assistance from a Xero skilled remote accountant.
  • Links to the Australian tax office.
  • Links to bank accounts.
  • UX is simple and clean.
  • Search experience isn't great, too often linked to unhelpful info.
  • It helps us ensure we meet all our financial reporting and tax obligations.
  • It enforces a disciplined approach to our accounts on a daily, weekly, and monthly basis.
  • Makes annual tax reporting relatively stress-free as all the hard work has already been done.
Before Xero, I was using a spreadsheet and Word docs.
It just works for the core features we need it for, such as auto-matching payments against invoices and single-click submissions to the ATO (regulator).
Mainly saved my time as a startup founder. While startups by necessity balk at any spending, this is one monthly outgoing that saves me considerable time and stress and ensures we get paid, pay our bills, and remain compliant with all regulatory issues.
Our accountant set up any required integration for us.

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

Good for those hesitant to learn new software. I would recommend having an accountant/bookkeeper help set you up properly for the features you need to use. I probably only use a fraction of Xero's capabilities, but enough to do everything our startup needs to do.

Xero Feature Ratings

Accounts payable
7
Accounts receivable
7
Cash management
7
Bank reconciliation
8
Expense management
7
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
8
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
Not Rated
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
8
Standard reports
7
Custom reports
7
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
7
Single sign-on capability
Not Rated