Xero - good software for SMEs
November 30, 2023
Xero - good software for SMEs
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Xero
I use Xero for my practice but also for a number of our clients. The software gives online cloud solution for bookkeeping and accounting. It does not require updating and backing up of the software and allows for access from anywhere in the world. It also links with many other software products that allow for more in-depth reporting and financial management and advisory.
- Bookkeeping
- Reporting
- Security
- Crypto currency
- Statutory accounts and tax
- Payroll for larger organisations
- Saved time
- Allowed working from abroad
- Enable better reporting
In this day and age it is a requirement to have digital cloud solution, and the market is getting more and more saturated with other software products. Xero in this spectrum is one of the best solutions for small businesses, however the micro businesses find the price tag to be rather too high and there are cheaper or free alternatives.
Xero ranks highly among the competitors, however multi-level reporting is better done in QuickBooks. More price sensitive, micro-businesses can find decent cheaper or free alternatives. Those wanting integration with other apps like cashflow management, inventory, reporting will find that Xero has got the most apps available, along with QuickBooks. The free software solutions are lagging behind in this sense.
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