Best cloud based accounting software.
April 08, 2022

Best cloud based accounting software.

Farren Mare | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xero

Well at its core this is a great cloud accounting platform and at its most basic level, it fulfills this function brilliantly. It really becomes super powerful once you start making use of its 3rd party marketplace which allows you to manage business functions in software purpose-built for this but with direct integration to your accounting system.

Pros

  • Integration
  • Ease of Use.
  • API

Cons

  • Recurring Invoice API.
  • Local currency pricing.
  • Reduce size of accounting team required.
  • Improved delivery time with automations.
Hands down the better product.

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

Having worked with many accounting systems I find this the most intuitive software to use. You don't need to be an accountant to manage your books with this software.
Never had an issue to raise with support.
This can work for any business small to large, it is scalable and provides an intuitive interface for the new or seasoned user. Its marketplace for 3rd party apps & integrations is second to none. This allows you to create the ideal automated business processes and workflows.

Xero Feature Ratings

9.2
Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
8
Time tracking
7
Fixed asset management
8
Multi-currency support
10
Multi-division support
10
Regulations compliance
9
Electronic tax filing
Not Rated
Self-service portal
8
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
10
Localizations
8
Journals and Reconciliations
10
Enterprise Accounting
Not Rated
Configurable Accounting
10
Centralized Rules Framework
Not Rated
Standardized Processes
9
7.0
Inventory tracking
7
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
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
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
10.0
Dashboards
10
Standard reports
10
Custom reports
10
10.0
API for custom integration
10
Plug-ins
10
9.0
Role-based user permissions
9
Single sign-on capability
9

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