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What Is Xero?
Xero is an award-winning online accounting software designed for small business owners and accountants, available on any computer or mobile device with an internet connection. Automate tasks like invoicing and reporting, and get a full picture of your business with up-to-date financial data. Xero accounting software allows you to connect to your bank so you can set up feeds from any number of bank accounts and reconcile bank transactions on a daily basis.
Who Uses Xero?
Accounting for Small Business
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Xero
Reviews of Xero
Great Choice for Accounting!
Pros:
Easy to navigate and very customer friendly!
Cons:
Nothing I didn’t like about the platform
Alternatives Considered:
Xero review
Comments: Just be aware of the small print. Dont get locked out of your own business software
Pros:
I like the software, it offers just about everything youd need to keep your financials in order and even offers end of year reports for the irs ( very important) and keeps you alerted on your quaterly tax payment schedule, among other thing. You can link your bank and reconcile your spendatures and tuck each transaction into its proper tax-non tax catagory, plus other deductions such as depreciation of your vehicles for tax writeoffs, and many more...
Cons:
.however. the quoted price on the promotion was way far from the price i was charged for this product. Also i missed my payment by two days and all my information, everything i had documented, reconciled, entered, invoices, reports, EVERYTHING was being held for ransome and untouchable till i paid my inflated price. Its was an eye opener. When running a business, be careful what product you choose, for me. I cant be locked out of my accounting software for any length of time when it comes to my business. Just food for thought. I know zoho has been the best alternative app for free even. And it offers the same services xero does for half the price. No gemics
Alternatives Considered:
Seems good if you have the time
Comments: I used it for 6 months then stopped because I felt like I didn't get any value out of it. It was difficult to use and my accountant was reluctant to use it too. Just restarted my subscription because I see no other way than to spend the time learning how to use it.
Pros:
Automatically reconciles transactions from your bank account.
Cons:
Steep learning curve, small fonts, app is very text heavy, unsure how to log future transactions that haven't happened yet.
Alternatives Considered:
Xero review
Comments: I really enjoy using Xero within our practice and for our clients.
Pros:
The program is really user friendly for businesses
Cons:
The cost of Xero is the biggest downfall.
Alternatives Considered:
Accounts software made simple
Comments: Great and would recommend. My first time using an accounts software and has been like a breeze. Simple to use and cost effective.
Pros:
The API function has been fantastic for managing our office account. The ability to create nominal codes, generate custom invoices and reconcile transactions is so simple.
Cons:
The customisation on reports is not as easy as I would like.
Very good once I got my head around it
Comments: Very good so far. There has been a bit of a learning curve but once over that it’s easy.
Pros:
Once up and running it’s easy to use. Good learning support.
Cons:
Initially it took a little time to learn the product
Xero Review
Comments: Overall it was very good and helped my business
Pros:
Easy to access from any device. The layout is great.
Cons:
Took a while to get used to - a lot to learn
Alternatives Considered:
Good value accounting system
Comments: Positive overall experience, it is a good value for the price paid.
Pros:
Easy to use, simple interface that I was able to pick up quickly.
Cons:
Does not appear to be a way to lock a period. Other users have changed revenue from 4 years ago accidentally.
Magnificient accounting software
Comments: My globale experience with Xero is positive
Pros:
With Xero, i Can manage my accounting tasks such as invoice management and expense reports in an organized way.it's complete and easy to use.
Cons:
Integration with other software is a bit complicated.
Xero - A quick overview
Comments: Excellent software - we use it for our business and helps reconcile accounts and manage payments to and from multiple accounts.
Pros:
Intuitive accounting software. Easy to add clients/contacts and suppliers and create invoices and reconcile payments.
Cons:
Nothing - it meets our requirements very well.
Alternatives Considered:
Useful way to track your business' performance
Comments: Xero has been a useful tool for my business for the past 8+ years, and I use it in conjuction with my accountant to keep track of my business accounts. It's a handy way to code account transactions, and also see how my business is performing.
Pros:
Super easy to track and stay on top of my business financials.
Cons:
It can be hard to get help and support, and also to set up new reports.
Alternatives Considered:
Easy to use and gives alot of financial reports fo review.
Comments: Overall Xero is easy to use and there is not many things that you can do to break it.
Pros:
Everything you need for financials are at your fingertips. From Reporting to daily transactions to payroll.
Cons:
There are a few client contacts that I have trouble finding. When Updates happen it changes the way things are used, this can be a little frustrating to pivot of processes.
Easy Accounts
Comments: Easy to gain an understanding of with various help sections, and fully customisable in terms of invoicing and product management.
Pros:
If fully utilised Xero is a very powerful business tool that can encapsulate everything financial - from integrated stock systems and product costing, to sales tracking and customer management.
Cons:
The dashboard can be a little cluttered together - in some instances you need to click through a few hyperlinks to get to where you want to go.
Losing touch with the cusomter.
Comments: It works and accounting isn't the most exciting part of the day. The features and mindless design changes do not justify the constant price increases. Like the huge integration list, they should break up every feature and price by feature rather than base packages.
Pros:
Xero was great when we first signed up. It was a simple small business accounting software.
Cons:
They lost touch with the customers. Developers ruled with poorly thought out features and UI/UX. Tell your early customers how much you are discounting your new customers and then flood the dashboard with price increase notifications. Price goes up and the product gets worse.
Alternatives Considered:
Xero certified
Pros:
Xero is user friendly, easy to navigate things. And they have useful updates quarterly. They make sure they step up their game every now and then.
Cons:
Can't think of any right now cause going back to what I just said, they continuously update the software so it will be useful to their users.
Alternatives Considered:
Perfect for Small Businesses
Comments: Overall, Xero is a great accounting software and it is my favourite of the few I have used (MYOB, SAP).
Pros:
Intuitive and modern UI. Very simple to use and a great experience all around. Lots of integrations with external software (Xemplo, ETZ for example), making it very versatile.
Cons:
It works great for us now, but we are reaching a point where it is too simple for our needs. No robust cost centre/division tracking abilities (although a basic version is offered). Not a lot of support for consolidation of multiple entities built in.
Accounting with Xero is Amazing
Pros:
Xero is the most iconic tool that I have ever used. I like that it offers a wide range of online accounting tools such as AP, AR, GL and payment matching in one place.
Cons:
Whenever I face issues, the vendor technical team is rapid in resolving the bug - currently, there is no daunting aspect.
Good for processing; reporting function needs improvement
Comments: Processing is easy, but reporting is very time consuming.
Pros:
The app allows you to upload receipts so easily
Cons:
Unable to automate sending reports to senior management. This is a real pain, I have to manual send regular reports to people which is time consuming.
AP/AR/GL Tool of this Era: Xero
Pros:
Xero is a reliable accounting tool which I use to automate major repetitive accounting tasks mainly invoicing, inventory control and billing.
Cons:
Ever since I implemented Xero, I have never experienced any daunting aspect.
Most Widely Used Online Accounting Tool at NCAC
Pros:
I give thumbs up to the fact that Xero has a super easy to use mobile application which has all features available on cloud apps. I mainly use it to draft, create, customize and send invoices automatically to vendors.
Cons:
For nearly three years now, I have not come across any overwhelming aspect on Xero.
Xero is great for efficiency and easy UI
Pros:
The affordability compared to other Accounting platforms.Pretty easy to use and implementing existing data is straightforward.I also like that all our accounting information is in one place.
Cons:
My experience with Xero has been smooth without any issues.
Xero in Real Estate Accounting
Pros:
I use Xero as QBO alternative. As Real Estate Agent, I am able to save time by automating repetitive accounting tasks.
Cons:
It requires to be integrated with CRM and ERP tools due to lack of some features.
The Xero Effect: Revolutionizing Accounting One Click at a Time
Comments: Xero stands out as a professional, user-friendly, and aesthetically pleasing accounting solution. While it may occasionally test your patience with its speed, the overall experience remains largely unaffected, leaving users with a feeling of satisfaction and relief.
Pros:
I thought it was a simple step in and work type of software, easy to maneuver around and not get lost. Love the soft blue color as well, feel professional and relieving.
Cons:
The online platform was slightly slow for, could be my connection maybe on this one.
Xero: Robust Online Accounting Tool Widely Used at ASEA
Pros:
Creating invoices in my wiring department has been streamlined by Xero which requires zero manual workflow.
Cons:
Even though I use Xero rarely, I barely find anything to dislike on my end.
Xero is the best tool for the job
Comments: Xero makes accounting really quick and easy. It's easy to create, edit and manage transactions, and it makes organisation a breeze.
Pros:
Integration with other software packages such as WorkflowMax and Rapport3, the number of reports available, easy bank reconciliation and automatic bank account syncing.
Cons:
It takes a working day to pull through bank account data. This is an understandable limitation, but I'd love to see Xero create a way around it one day. Waiting a day to see if payments have come in is a pain, especially over the weekend.