Xero takes the pain out of company accounts
December 04, 2023

Xero takes the pain out of company accounts

James Randall | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xero

We use Xero for our day to day account needs, it helps us to follow cashflow easily and makes our end of year accounts a simple task. Prior to Xero we used a number of spreadsheets which did not offer anywhere near the functionality Xero does. It truly simplifies all of our accounting processes and means I can run a report on pretty much any aspect of the company within minutes.
  • Reconciliation of transactions is simple and can be done on a mobile device, meaning accounts can be kept up to date easily whilst away from the office.
  • Cashflow management is also simple with Xero, it's a few clicks to generate a report on cashflow so you can always be sure how your business is currently fairing.
  • Expenses categorisation could be a little simpler, there are large amounts of categories and it can take time to find and scroll to the correct one. A simplified list based on past transactions could be incorporated to improve this.
  • Lots of time saved through integration with bank account, no manual intervention required.
  • Saves lots of time at year end making accounts easy to compile
It's great but some of the menu placement isn't as intuitive as it could be
Pretty simple to integrate apps, my only gripe is the removal of a link to Pipedrive invoice creation. A once automated process is now back to being manual as the integration was removed.

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

It's well suited to generating reports for profit and loss, you can get an at a glance overview of the business and how it is performing with right up to the minute information, the direct link to our business bank account is extremely valuable and takes the pain out of transaction reconciliation.

Xero Feature Ratings

Accounts payable
8
Accounts receivable
9
Cash management
8
Bank reconciliation
10
Expense management
7
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
8
Multi-division support
Not Rated
Regulations compliance
9
Electronic tax filing
10
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Inventory tracking
Not Rated
Dashboards
6
Standard reports
7
Custom reports
Not Rated
Plug-ins
6
Role-based user permissions
10

Using Xero

2 - Sales and Accounts
1 - Managing Director
  • Transaction management
  • expenses
  • Profit and Loss reporting
It does exactly what we need it to do.