Affordable and Simple Small Business Accounting
January 06, 2022
Affordable and Simple Small Business Accounting
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with Xero
Xero automates our small business accounting, making it easy to bring in transactions through bank feeds. Beyond that, Xero provides decent reporting for P/L and similar reporting needs of small businesses. Finally, we use Xero for vendor payments and to report 1099's at the end of the year.
- Transaction Feeds
- Bank Reconciliation
- 1099 Reporting
- P/L Reporting
- Batch Payments
- Bulk Void/Delete of Bills and Bill Credits
- Confusing Reporting System for Non-Accountants
- Reconciliation Keeps Accounting and Bank Accounts in Sync
- Reduced Errors in Reporting
- Improved Billing and Invoicing
- Substantial Time Savings with 1099 Reporting and Integrations to 1099 e-File
Personally, I always hated QuickBooks. I'm sure the online/cloud version is a lot different than the older desktop software, but I never found it to be easy to use and my books were always out of sync. Wave [Accounting] was the first Saas accounting software I tried, but I didn't feel like it was ready for small businesses. That's when I found Xero. For the most part, Xero does what I need it to do and most importantly it keeps my books in sync with what is actually happening in my bank and credit accounts.
By keeping our books in sync we can rely on our quarterly and EOY reports without having to go back and manually confirm any of the information.
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