What Is Xero?

Award-winning online accounting software designed for small business owners and accountants. Available on any computer or mobile device with an internet connection. Business finances and cashflow are updated in real time. Imports transactions from bank accounts. Unlimited user logins. Integrates with over 1,000 3rd-party business applications. Supports multiple currencies. Data is accessible through a single ledger, allowing accountants and clients to collaborate around finances.

Who Uses Xero?

All small and medium sized businesses and accounting & bookkeeping practices.

Where can Xero be deployed?

Cloud-based
On-premise

About the vendor

  • Xero
  • Founded in 2006

Xero support

  • 24/7 (Live rep)
  • Chat

Countries available

Australia, Brazil, Canada, China, Germany and 9 others

Languages

English

About the vendor

  • Xero
  • Founded in 2006

Xero support

  • 24/7 (Live rep)
  • Chat

Countries available

Australia, Brazil, Canada, China, Germany and 9 others

Languages

English

Xero videos and images

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Features of Xero

  • "What If" Scenarios
  • ACH Payment Processing
  • Access Controls/Permissions
  • Accounting Software
  • Accounts Payable Software
  • Accounts Receivable Software
  • Activity Dashboard
  • Alerts/Notifications
  • Approval Process Control
  • Approval Workflow
  • Asset Accounting
  • Automated Quoting
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Calendar Management
  • Case Management Software
  • Cash Management
  • Check Printing
  • Check Processing
  • Check Writing
  • Client Management
  • Client Portal
  • Compliance Management
  • Consolidation/Roll-Up
  • Contact Database
  • Contact Management Software
  • Contract/License Management
  • Core Accounting
  • Cost Tracking
  • Cross Ledger Posting
  • Customer Statements
  • Customizable Branding
  • Customizable Invoices
  • Customizable Reports
  • Data Import/Export
  • Direct Deposit
  • Discount Management
  • Document Management Software
  • Drag & Drop
  • Due Date Tracking
  • Dunning Management
  • Duplicate Payment Alert
  • Electronic Payments
  • Expense Management
  • Expense Tracking
  • Fee Calculation & Posting
  • Financial Analysis
  • Financial Management Software
  • Financial Reporting Software
  • Fixed Asset Management Software
  • For AEC Industry
  • For Accountants
  • For Real Estate
  • For Religious Organizations
  • For Restaurants
  • For Schools
  • For Small Businesses
  • Forecasting
  • Fund Accounting Software
  • General Ledger
  • Income & Balance Sheet
  • Inventory Control Software
  • Inventory Management Software
  • Inventory Optimization Software
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • Order Management Software
  • Overpayment Processing
  • Partial Payments
  • Payment Processing Software
  • Price / Margin Management
  • Pricing Management
  • Pricing and Cost Calculations
  • Product Identification
  • Profit/Loss Statement
  • Project Accounting Software
  • Project Management Software
  • Purchase Order Management
  • Quotes/Estimates
  • Real Time Data
  • Real Time Reporting
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring/Subscription Billing
  • Reimbursement Management
  • Remote Access/Control
  • Reorder Management
  • Reporting & Statistics
  • Reporting/Analytics
  • Requisition Management
  • Search/Filter
  • Self Service Portal
  • Shipping Management
  • Sourcing Management
  • Spend Management Software
  • Status Tracking
  • Supplier Management
  • Task Management Software
  • Tax Calculation
  • Tax Management Software
  • Template Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking Software
  • Transaction History
  • Trust Accounting Software
  • Vendor Management Software
  • W-2 Preparation

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MYOB Advanced business management software is tailored to mid-sized businesses & integrates real-time data across your entire business.
Easy & affordable online accounting software for small businesses. From invoices to paying employees - you're covered for just $10/mth.
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Ideal for small businesses & freelancers, the web-based billing solution helps send and accept payment invoices, manage expenses & more
UBS is a one-stop solution for managing your entire business operations, be it about hiring candidates or managing employees.
A better way to manage your entire business, at a lower cost and on a global scale.
Cloud Inventory and Accounting Software specialising in large Inventories for small businesses. Australian owned and Supported

Reviews of Xero

Average score

Overall
4.3
Ease of Use
4.3
Customer Service
3.9
Features
4.2
Value for Money
4.2

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
John
John
Principal in UK
Verified LinkedIn User
Accounting Software, 2-10 Employees
Used the Software for: 2+ years
Reviewer Source

Easy to use and lots of additional features

5.0 4 weeks ago New

Comments: Good for our business and also for clients

Pros:

Easy to navigate and use on a daily basis

Cons:

More expensive than some but feel it is worth it

Simon
MD in UK
Accounting Software, 11-50 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Xero leads the way for cloud based accounting software for small to medium businesses

5.0 3 weeks ago New

Comments: Very good. It certainly seems to be market leader and for good reason.

Pros:

Although may not feature the type of reporting that would set it apart from competitors, it has good integration with other apps that can generally to the job. For accountants, the customer support is good enough. There is a large community so you can usually find the answer you need if you run into an issue

Cons:

Not every useful report is available. And may never get them if they arent on the roadmap. Only really found one strange issue around perpetual revaluing of forex that has not been resolved, and likely wont ever be. Its not critical, but would be useful.

Samantha
Tech Lead in US
Computer Software, 11-50 Employees
Used the Software for: 2+ years
Reviewer Source

Simple AP Tool For Those Who Dont Use the API

3.0 2 months ago New

Pros:

Xero doesn't require much of a learning curve compared to Quickbooks

Cons:

We had a custom API integration and Xero never upgraded the API, which forced us to switch to another company that updated and iterated on their API

Faisal Shafi
Faisal Shafi
Financial Controller in Pakistan
Verified LinkedIn User
Financial Services Software, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source

Make Your Accounting Automated

4.0 last month New

Comments: Xero is cloud-based accounting software that connects banks, accountants, management, and advisors from anywhere with any device with active internet. It performs all accounting tasks from preparing ledgers, accounts receivable, accounts payable, financial statements to the management of payroll, taxation, bank reconciliation, and inventory. Online billing enables to send bill through email.

Pros:

Xero manages the whole accounting of business straight forward. Particularly automating the process of bank reconciliation is amazing time saver, it connects to banks and credit cards. Moreover, it effectively and easily integrates with other cloud based software which enhances usability of Xero.

Cons:

Process of bank reconciliation has been automated but the process got glitches causing bank feeds stopped and entity has to restore to importing bank statement manually which takes time and attempts more than once. Inventory management needs improvement. Customer support is not perfect comparatively. It is not user friendly for those who have little accounting knowledge.

Ibrahim
Ibrahim
internal auditor in Nigeria
Verified LinkedIn User
E-Learning, 11-50 Employees
Used the Software for: 2+ years
Reviewer Source

Xero is changing the landscape of cloud accounting

5.0 last month New

Comments: My experience with Xero can be described as fulfilling, it has simplified my workflow and saved me a lot of time and effort, I no longer spend long hours at the office. This has also impacted positively on my health. I would recommend this software to everyone.

Pros:

“It’s so clean to apply, even for non-financial human beings” My financial institution transactions are robotically connect to Xero so I don’t have to manually input them myself. I get my Financial statements the first week after the year end Another charming issue of this software is that it is a great idea if a corporation is unfolded across a couple of places with personnel operating in various locations. The accountants from every location can get admission to the financial data of all branches at any moment irrespective of their vicinity or time. As a world main provider of online accounting software program, Xero utilizes world-elegance cloud safety. Your data is appropriately saved in the cloud, and guarded from both Cyber criminals and perils like fire or flood.

Cons:

The expenses tracking can be formatted to allow multiply currencies to be easily uploaded in batches or real time. No integrated ‘Debtor Chasing’ function so companies will have to manually follow up on their unpaid invoices.