Xero


What is Xero?

"Xero is a cloud-based accounting software, providing its users view to their cashflow in real-time with online accounting, invoicing, billing & banking."

Xero is an online accounting software suite that utilizes a modern cloud network to fully accommodate the complete range of accounting needs.
The app allows its users to coordinate and manage all financial processes within an easy to use platform, accessible from all internet-enabled devices.
This software is ideal for small business owners managing their accounts independently, as well as in collaboration with their accountants from dispersed locations.


Xero scored 88/100 in the Accounting category. This is based on user satisfaction (85/100), press buzz (59/100), recent user trends (rising), and other relevant information on Xero gathered from around the web.

The score for this software has improved over the past month. What is this?


Xero Awards

Xero Payroll Management Software Award 2020 Xero Payments & Invoicing Software Award 2020 Xero Accounting Software Award 2020 Xero Accounting Software Award 2017 Xero Quality Choice Badge 2020 Xero Trusted Vendor Badge 2020
Crozdesk Icon

Xero Review

Editors' Review by the Accounting Software Review Team

Xero is an accounting software solution designed to provide reliable data, extra security measures and a smart online accounting platform. It’s catered for a wide array of business types but most importantly, it assists small businesses in controlling their numbers and finances.

Examples of businesses that benefit from this solution are as follows: retail, high-tech, cafes, start-ups, eCommerce, healthcare, farming and more.

This solution comes with a variety of powerful features—all catered to lessen the burden for small businesses when it comes to managing their numbers. With Xero, they can expect their bookkeeping practices to be done faster, to be more confident in their data and to add more integrations to your software.

Not only does it provide them with a feature-rich interface but it provides a stable and reliable connection with their trusted advisers. This gives them optimized visibility and insightful data when it comes to their financial position.

Most accounting solutions are created with specifications but Xero works for small businesses regardless of their industry. It offers a user-friendly and intuitive platform to understand complex financial concepts and seamlessly integrate with more than 800 smart business applications.

Businesses can now work with platforms that provide time tracking, CRM and inventory options.

Xero Features

Xero offers users multiple features in its interface, including:

Invoicing

With this feature, you can create and send professional and recurring invoices. Once a customer has received their invoices, they can immediately pay you for your services. With personalized and professional invoices, you can customize the overall feel and look of your templates to match with item listings.

Additionally, you can expect extra security measures with online invoices. It’s not the same as PDF files attached to emails. What you’ll have is an invoice where editing is limited. Each invoice you send out is recorded, lessening the chances of scams and frauds. You can even have a two-step authentication process to defend against unauthorised access.

Inventory

Since you’ll be providing services and products, it’s best to keep a close eye on your inventory items. Xero provides inventory management features, making it easier to track your supplies, identify which products are most profitable and save more time with bulk imports. Xero’s inventory management tools help manage stocks and keep tabs on the quantity and value of your stock levels.

Dashboard

The dashboard is one of the features you’ll be using every day. It provides a quick breakdown of your numbers and finances. The most important information is highlighted in a simple and easy-to-navigate cloud-based dashboard. With this feature, you can stay on top of your cash flow, view information about bank accounts and credit card information, follow up on the invoices you’ve sent and monitor your overall spending.

Reporting

When it comes to small businesses, critical business decisions must be made every day. To ensure you’re always making the right one, you can make use of Xero’s financial reporting tools.

This feature allows you to view and share interactive reports with your team, tailor these reports according to the type of industry you have and keep track of your growing progress. Details about your performance, bank transactions and budget plans can be exported into PDFs or spreadsheets.

Xero Benefits

Xero offers its users many benefits, including:

Mobile application

Since Xero has a mobile application, you can do business anytime and anywhere. As long as you have internet connection, you can have easy access to your data and consistently check them. You can also create and send invoices from your phone. This keeps you updated regarding bank transactions and the cash workflow of your business.

Financial advising

If you’re in need of financial advisors such as accountants and bookkeepers, then you can rely on Xero to discover them for you. Depending on your industry, you can ask for assistance from different fields, such as professional services, marketing, retail, manufacturing and real-estate. The advisors listed in Xero have been trained and have at least eight clients. They have the necessary experience and knowledge to provide valuable business insights.

Time-saving software solution

With online invoicing, you get paid faster by your customers and clients. You’ll be notified once they’ve received them, making it more efficient than simply waiting for them to pay you. This isn’t just limited to online invoices, as all bank transactions are imported and coded automatically by the system. This helps you stay on top of your bills and gives you visibility over your financial position.

Additionally, since Xero provides smart reconciliation, what you’ve entered the system will instantly reflect in your bank accounts. This lessens the burden and time spent in ensuring each transaction is accurate. You can also minimize the probability of financial fraud, since details involving a list of performed actions, manual notes, dates and users are filled as well.

Xero Pricing

Xero has three pricing packages made available for its users. These packages cover the essentials and includes payments, invoicing, bank feeds, reporting and budgeting. If you’re not satisfied with your current clan, you’re more than welcome to channel or switch subscriptions within a month’s notice. All the plans have a 30-day free trial.

Starter

Priced at $20.00 per month, the Starter plan helps you get started in your small business. If you have issues and problems in handling your finances and managing invoices, then you can use this plan. It lets you send a maximum of five invoices and quotations per month. You can also enter bills, making it easier to keep track of the bills, schedule bill payments and conduct batch payments to your suppliers.

Additionally, this plan allows for a maximum of 20 per month of reconciliation in bank transactions. This helps you keep track of your transactions more. You can also add Xero projects, which helps you track the time and money you’ve spent on your jobs.

The starting month is priced at $7.00 per user. If you want to add more users or months, then you’re charged $5.00.

You can also add Xero Expenses, which lets you use insights and tools in tracking, assigning and managing expense claims. This is priced at $4.00 per user.

Standard

Considered as the most popular plan, Standard is priced at $30.00 per month. No monthly limitations are applied to your features, as compared to the previous plan. You can now send invoices and quotations to ensure a healthy cash flow between you and your customers. This solution also lets you enter bills, ensuring better tracking and scheduling. Lastly, Xero Projects and Xero Expenses are priced the same with the previous package.

Premium

The last plan charges users for $40.00 per month. It has all the features found in the last two subscription plans. Your invoicing and bank transactions are no longer limited by month.

You can still add Xero Projects and Xero Expenses as well. However, what makes this plan different from the previous ones is its ability to handle multiple currencies. This helps you automatically track invoices, gains and losses. You can also accept payments from different currencies.

Conclusion

At the end of the day, if you’re looking for an accounting software to not only provide powerful tools in online invoicing and inventory management but also provide valuable insight in your business, then consider Xero as a viable option. Its setup is easy to navigate, taking away the burden of managing hundreds of records and simplifying the reconciliation process. It offers a dashboard where you can view and monitor the company’s billing. This comes with interactive charts and graphs to effectively understand the data.

  • Xero
  • Xero
  • Xero
  • Xero
  • Xero

Accounting Market Radar

Artboard 1 copy 4

Xero Product Overview

  • Easy Invoicing: Improves cashflow and helps its users get paid quickly and easily.

  • Multi-Currency Accounting: Foreign exchange rates are updated hourly, so users instantly know exactly how gains and losses are affecting their cashflow.

  • File Storage: It is possible to attach files to almost anything – from invoices to bills and transactions.

  • Creation of customizable purchase orders: Fully customizable purchase orders, ready to email them to suppliers and then copy to a bill.

  • Expense claims creation from anywhere: Users can create claims at work, home or on the go.

  • Inventory Management: Tracks the value of a user's inventory and improves stock control.


Languages: English

Accounting Software Buyer Guide 2020

Product recommendations, vendor rankings, market overview and tips on how to select Accounting software for business. Published in May 2020.

Accounting is among the most crucial tasks a business has to perform. Accounting requirements vary from basic, such as crediting and debiting accounts, to advanced, such as generating income statements and balance sheets. Accounting software solutions autom...

FREE DOWNLOAD

Xero Features

  • 2-Factor Authentication
  • Accounts Payable
  • Accounts Receivable
  • Analytics
  • API
  • Application Tracking
  • Attendance Tracking
  • Balance Sheet
  • Batch Permissions & Access
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Email Integration
  • Employee Database
  • Employee Incentive Management
  • Expense Tracking
  • External Integrations
  • Feedback Management
  • Forecasting
  • General Account Ledger
  • Inventory Tracking
  • Lead Management
  • Lead Scoring
  • Marketing Automation
  • Multi-Currency
  • Multi-User
  • Notifications
  • Onboarding
  • P&L
  • Password & Access Management
  • Payment Processor
  • Payroll
  • Project Management
  • Scheduling
  • Supplier Management
  • Task Scheduling/Tracking
  • Tax Management
  • Third-Party Plugins/Add-Ons
  • Timesheets
  • Travel Management
  • Vacation Calendar
  • Product Catalog
  • Time Management
  • Shipping Management
  • Order management
  • BitCoin
  • PayPal
  • Stripe
  • SAP Integration
  • Mobile App
  • Process Modeling
  • Process Reporting
  • Workflow Management

Xero Pricing Plans


Other pricing information:

Starter: $20/month.
Standard: $30/month.
Premium: $40/month.
30-day free trial.

Credit card required: No

Xero FAQs

Who are the main user groups of Xero?

Main user of this software are accountants and bookkeepers in small and medium-sized businesses across all industries.

What is Xero generally used for?

Xero is used as a cloud-based accounting software for small and medium-sized businesses.

What platforms does Xero support?

Web-based service with native mobile apps for iPhone, iPad or Android smartphone.

What are some applications Xero is commonly used in tandem with?

It is most commonly used in tandem with WorkflowMax, CustomerSure, and Veeqo.

Does Xero integrate with any other apps?

Xero integrates with hundreds of add-on business applications, from inventory management, invoicing and time tracking. Some of them: Batchbook, Quotient, Stripe, PayPal, WorkflowMax, Receipt Bank, Expensify, Evernote, Payment Evolution, Nexonia Expenses, Xpenditure, Constant Contact, Highrise CRM, Exsalerate, OnePage CRM.

Does Xero offer an API?

Xero has an API available for use.

Does Xero offer guides, tutorials and or customer support?

Support provided: Forum, Knowledge Base, Online Support, Video Tutorials.

Xero Alternatives

QuickBooks Online
  6920 ratings 90/100
Accounting
Zoho Books
  145 ratings 92/100
Accounting
Wave
  22 ratings 90/100
Accounting
Freshbooks
  1028 ratings 86/100
Accounting
Bench
  80 ratings 87/100
Accounting
Page last modified:

Xero User Reviews

Average User Rating:
4.24/5 based on 476 user ratings.
Your Rating:

Sentiment Scale
GreatLousy

User Sentiment Map

The sentiment map shows a snapshot of how Crozdesk users have rated Xero over time. It shows how existing users see Xero with regards to its usefulness, ease of use, value for money and customer service.

Overall
8.7/10
Arrow Left Recent Older Arrow Left
Usefulness
8.7/10
Ease of use
9.0/10
Value for money
8.7/10
Customer service
8.3/10
User profile picture

"Xero is an excellent service totally recommended for everyone"


What do you like about Xero?

One of the things I like most about Xero is the ease of reconciliation because once you configure and code some of the elements, remember them for the next time to get a much faster job, and in Xero the management of the Stocks the addition and services is done in a super fast and easy way all our partners recognize the ability of Xeros to examine the accounts in detail, as a web service. I am satisfied with Xero Since it is very visual, you see several lines waiting to be reconciled and while I work on transactions, coding them and clicking on the central button the configuration of the banking rules disappears, on the other hand it is also a great benefit since they are codified which is very useful and they are ready for you to just press the "OK" button. It should be noted that you can use this for your usual bills, for example, cafeteria, electricity, local, cell phone bill, etc. even if you carry some time to establish banking rules to make sure that the details are accurate, we are now happy that customers can upload documents from xero files and your accountant can instantly view these documents to work on them or encode them, Xero It is an excellent service

What do you dislike about Xero?

Xero is an excellent Service, However there is something that bothers us is the small amount of training video guides that can become so scarce with Xero, unlike the Other Accounting Assistance Software we really do not like your extension to Shopify, given the circumstances that do not connect correctly in real time. We have managed to notice this same problem with bigcommerce platforms. On the other hand, some of the automatic accounts that Xero suggests that we reconcile are not always correct. It happened to us that we had some problems to establish some of the bank feeds, and we still have a bank account that will not process with the feeds sadly it is necessary to enter those transactions manually

What have you been using it for and what problems did Xero solve?

We have used Xero for many years and I really recommend it. usability is very fantastic, the ability to see clearly how accounts work is innovative in its field. I am totally satisfied with the bank reconciliation and bank feeds. It is really very easy to use and teaches us a lot allows us to see documents, once they are well configured it is very fast to use it every day allows us to see reconcile our transactions without having to go to the office of the accountant or send it by email.

5/5
Usefulness
5/5
Ease of use
4/5
Value for money
4/5
Customer service
User profile picture

" Xero the best for organizations to take control."


What do you like about Xero?

Xero is undoubtedly the best and most powerful financial platform that exists due to its complete service, allowing its users to work independently of their location or operating system, easily and safely. Its features are exceptional, Xero is professional and offers much more than we normally need. Its interface is visually pleasing and with total ease of use. There are thousands of my favorite aspects of this program since I love Xero in general, but I could mention one in particular that I think is very important, and it is its multifunctionality with Xero everything is possible, There is nothing this cannot solve. Always working as a great support.

What do you dislike about Xero?

Xero in all this time that I have been using it has seemed excellent to me, One of the aspects that I would love to improve is the customer service, since sometimes I found it deficient and late. Of rest, it is MAGNIFICENT.

What have you been using it for and what problems did Xero solve?

I recommend this exceptional Xero program to any organization or individual who needs to keep absolute control of their accounts payable, accounts receivable and billing, expense claims. In an efficient and safe way. Providing infinite tools that are of great help to go to the goal without hindrance and always walking towards success. It also has mobile applications such as Xero Touch for IOS and Android devices, allowing users to work if possible alongside their customers.

3/5
Usefulness
4/5
Ease of use
3/5
Value for money
3/5
Customer service
User profile picture

" The best smart accounting software."


What do you like about Xero?

Xero is intuitive, productive and flexible with numerous features and valuable tools that adapt perfectly to the needs of its users to save their time and to grow their business, it is easy to use and super attractive understandable with just a look at the start Session is immediate and allows entry from anywhere at any time on your Mac, Tablet, PC or phone. The mobile application allows you to easily reconcile, send invoices or create expense claims from wherever you are, Xero is safe and reliable.

What do you dislike about Xero?

For a long period of time using Xero I have never had any troubles because it seems to me an extremely good and very complete software, but recently I had only a small inconvenience that I would greatly like to improve and that is when I need advice to customer service to Despite being 24 hours a day, 7 days a week, I found it too late. Rest well.

What have you been using it for and what problems did Xero solve?

Xero helps me to have a safe and effective online accounting, opening a world of opportunities to increase productivity, streamline the way of administration in my business and add pleasant moments to the workday. The best thing is that I can do it from anywhere. The dashboard allows me to keep track of my bank accounts thanks to its notifications, It always gives me confidence to protect my data with multiple layers of security including data encryption, for this reason I prefer it at all times because it makes me feel comfortable and secure.

4/5
Usefulness
4/5
Ease of use
4/5
Value for money
4/5
Customer service
User profile picture

"XERo"

// Client Relationship Manager at Workplace Advice Group

What do you like about Xero?

We love that Xero is so easy to use, breaks through all the jargon. No need for long complex user interfaces, simple to find exactly what you need to get done. especially when auto-enrolment came in - it made things so simple which was what we needed. And best of all - it's all in the cloud.

What do you dislike about Xero?

There weren't any negatives really, I think if there was a facitlity to be able to keep letters for auto-enrolment record keeping purposes. I think we once also had an issue with running two pay reference periods, and them having two separate EPSR numbers with our pension company. And ensuring that the contributions were allocated to the correct scheme etc. But think it all got sorted.

5/5
Usefulness
5/5
Ease of use
5/5
Value for money
5/5
Customer service
User profile picture

"Simple Accounting"

// Manager at Innis Arden Swimming Club

What do you like about Xero?

Xero is relatively easy to use and has plenty of features that you just can't beat for this price.

What do you dislike about Xero?

Xero is built for people that just need a way to take care of their bookkeeping, if you are an accountant and need more journal entry features, this might not be the best.

What have you been using it for and what problems did Xero solve?

Xero was great for reducing our fixed costs because of its great price and it made it easy to bill out dues to everyone quickly.

4/5
Usefulness
4/5
Ease of use
5/5
Value for money
4/5
Customer service
User profile picture

"Great and simple, but sometimes confusing"

// Co-Founder at Dovetale, Inc

What do you like about Xero?

For the most part, Xero is excellent. Saves a ton of time doing quarterly statements and is overall very affordable.

What do you dislike about Xero?

Some features like invoices are tucked away. Should be at the forefront of the product :)

What have you been using it for and what problems did Xero solve?

Quarterly financials, financial reporting, expenses, invoices

5/5
Usefulness
5/5
Ease of use
5/5
Value for money
5/5
Customer service
Back to top