About Xero
What is Xero?
Xero is an online accounting system designed to simplify business tasks such as paying bills, managing expense claims, creating invoices, and more.
How do you use Xero?
Xero’s main hub is accessible online and used to manage staff and client data. Its Practice Manager tool is used to manage jobs, assign tasks, and track time. Xero can be integrated with external systems and connected to bank accounts to provide automated transaction feeds.
Who uses Xero?
Xero is primarily used by small business owners, accountants, and bookkeepers.
How much does Xero cost?
Xero offers three pricing plans. "Early" is for new businesses, sole traders, and the self-employed and is $5.50 per month. "Growing" is for small/growing businesses and is $16 per month. "Established" is for established businesses and is $31 per month.
Does Xero have an app?
Yes, the Xero Accounting mobile app (for iOS and Android) provides on-the-go access to invoices, contacts, bank account balances, spending, cashflow, and more.
Xero pricing
Xero does not have a free version but does offer a free trial. Xero paid version starts at US$12.00/month.
Alternatives to Xero
Xero Reviews
Feature rating
- Industry: Information Technology & Services
- Company size: 1,001–5,000 Employees
- Used Daily for 1+ year
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Review Source
One step solution for small businesses
Pros
It helpd to connects small business owners with their bank and advisors anytime.
Cons
There are no cons as I can think of now
- Industry: Computer Software
- Company size: 5,001–10,000 Employees
- Used Daily for 2+ years
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Review Source
Xero is your accounting and inventory control system.
I would recommend it to a medium sized company to a small company. You may face difficulties at the beginning using it and you may go for support to check on the other things Xero can provide you. Overall it is good.
Pros
The balance sheets are great. The way they are presented in the sheet after you decide on the coverage period makes it easier for you to decide where you are with profit and losses.
Cons
They are not doing payroll anymore which means you need to pay a third party to perform that for you. This is very vital for a company that is using an accounting system.
Reasons for Switching to Xero
The options Xero has with the interfaces are more user friendly.- Industry: Translation & Localisation
- Company size: 501–1,000 Employees
- Used Daily for 2+ years
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Review Source
Feedback on using Xero
It is good for small businesses but as the business grows and so does the exchange of information within the software Xero becomes a pain.
Pros
1. It is very easy to maneuver through the system.2. Cost Effective.3. Clean interface that gives you the visibility of your financial position.4. Live Bank feeds and Bank Reconciliation.5. Preparing Purchase Orders/Quotes, Sales Orders/Quotes etc. is relatively easy.
Cons
1. It has limitation on transactions that can be handled at one given point of time. 2. The system doesn't have payroll functions.3. The reports that are generated are not detailed oriented they are very basic. 4. It is not possible to customise the reports as per the needs. 5. It is very slow when the volume of transactions is increased. 6. Capable of only pulling out limited transactions at one time, which is very annoying when you have thousands of entries to go through.7. Customer support is not very helpful.
- Industry: Accounting
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Best choice in the market !!
It has provided a solution for more than 200 of our clients of varying sizes and complexities.
Pros
Xero is first and foremost easy to use and benefits from clever AI functionality. Keeping an eye on the business is much easier via Xero as it shows a snapshot of key data on the dashboard. With the available integrations there are very little limitations to its use and it is well priced for the majority of our clients
Cons
The Payroll module is quite clunky and better options are out there in our opinion. An enhanced cash flow and adding a forecasting element within the software would help. Making it easier to post customer payments on account would also improve an already good product
Alternatives Considered
Quickbooks OnlineReasons for Choosing Xero
Functionality and costSwitched From
Sage 50cloud AccountingReasons for Switching to Xero
Impressed by account manager and future roadmap presented- Industry: Public Relations & Communications
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
Highly recommended for startups
Good. I'd recommend it to my clients
Pros
Ease of implementation, easy to learn, integrations are endless
Cons
The expense function needs reworking. It's hard work and duplicates work
