Xero - Amazing Accounting Software
December 20, 2021

Xero - Amazing Accounting Software

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Xero

I use Xero not only for my accounting and tax purposes but also to link my employee's timesheet from another software Deputy for my accountant to do the payroll. Xero allows business owner[s] such as myself to check on my monthly P & L reports, as well as various different reports to gain a better understanding of my business cash flow and expenses.
  • Integrates with a lot of other different software
  • Generates excellent reports for business owners to review their business position
  • Allows users such as accountant/bookkeeper and myself to access the software anytime
  • Payroll
  • Quicker response time for support
  • Cost - most competitors are cheaper
  • Time saved on meeting all the tax obligation for my business
  • Reduced errors and can be corrected easily through revising the reports
  • Simplified payroll and tax filing
Prior [to] using Xero, I had been using MYOB for several year[s] and found MYOB to be quite clunky and not as user-friendly as Xero.
As listed with all the pros above, I couldn't think of any flaw. It is great accounting software and probably the best on the market at the moment.
My accountant and bookkeeper can access Xero anywhere, anytime at their convenient time to do my payroll and my tax obligation such as BAS, Tax Return, Superannuation, Payroll Tax, etc and at the same, I can retreat those reports anytime. The amount of time I had saved since I had started using Xero is definitely worth it despite the premium cost, as it had enabled me to spend the time I had saved on [another] aspect of my business.
Xero has enabled me to link up with other software which I use for my business to simplify the task and to make it smoother, easier and effective to run my business at optimum efficiency.

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), Deputy
I believe Xero is the market leader when it comes to accounting software, and it has definitely lived up to [its] reputation. Xero has catered for all my business need beyond my expectation and it has simplified so many different aspects as Xero are linked up with so many other software which enables my business to operate more efficiently and effectively. I can access any reports whenever I travel hence it gives me comfort and convenience for me to work and plan better at [the] ease of login into the software without taking folders full of paperwork or searching for reports [on] my laptop. Best thing ever happen for my business.

Xero Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
10
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
10
Self-service portal
10
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
10
Journals and Reconciliations
10
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
8
Benefit plan administration
Not Rated
Direct deposit files
10
Salary revision and increment management
10
Reimbursement management
Not Rated
Dashboards
10
Standard reports
10
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10