Excellent SME financial accounting that has added huge value to our company
September 23, 2021
Excellent SME financial accounting that has added huge value to our company
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Xero
We use Xero to manage almost all aspects of our finances across the company. This includes financial reporting, reconciliation, bank synchronisation and payroll. It handles our UK and international invoicing and is an integral part of keeping the company ticking over. We use it to understand where we are as a company both in terms of cash flow, profit and loss, and our balance sheet.
- Profit and loss.
- Balance sheet.
- Bank reconciliation.
- Bank synchronisation.
- Invoicing.
- Payment processing (with Stripe).
- Improved understanding of business finances.
- Simplification of financial reporting.
- Quick and easy processing of payroll.
- FreeAgent, QuickBooks Online and Dext Prepare (with Receipt Bank)
Xero is for larger organisations that need (for example) payroll, international transactions, etc. It is by far the best we have used but it is not the most simple nor the least expensive, so you need to make a decision about if you need their services or whether a simpler system may be more suited.
The more advanced features meant that we could do everything in real time and didn't have to worry about constant journal entries or other hacks. It has transformed our ability to access really clear financial reporting whenever we need it.
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