Xero

Pros

With most clients abroads, we find its best to bill them in their local currency. Luckily for us, Xero is there to help sort our books out and keep them in order. It integrates with many bank feeds & popular wallets/fintechs like PayPal, Payoneer & TransferWise so accounts are upto date - always.

Another feature we really use is their tracking fields. Xero allows users to setup 2 tracking fields that can be added to invoices, expenses, bills and assigned to each line. This helps us keep track of project based work and has been our way since before Xero ventured into Project based accounting (that users need to pay additional fee for)

It also integrates with online payment gateways such as PayPal, Stripe, GoCardless, and a few others; thus payments are a breeze for clients.

As a non-accountant, Xero is easy to use even when you get into all the features it provides.

Cons

They have made some changes to their UI esp where invoices and expenses are concerned. Luckily for older users, expenses are still free however, for new users it isnt and each person filing expenses on it needs to pay a small fee. I think it should be free for a small number of users (atleast 2) and then charged.

Alternatives Considered

Reasons for Choosing Xero

Switched From

Reasons for Switching to Xero

Pros

The integration to the 3rd party platform. From booking engine, payment Getaway, timesheet, etc.

Cons

I don’t know how to adjust the margin layout on invoice. My company details that I set up to display in top right of invoice always looks messy. I couldn’t find any helps to adjust the margin to make it neat and tidy.

Alternatives Considered

Reasons for Switching to Xero

Pros

The sales and Marketing misleading information which has casued our lack of TRUST We need a company which offer support and competent systems

Cons

Failure to disclose material Facts For exaple Banks Xero does not work with Handelsbankken and Metro Bank and the lack of ability to get support at Xero and the lack of ability to get 2nd party authorisation (even on Xero verification app )

Pros

What I liked most about Xero was the ease of use of the platform. The features are well organized and easily accessible, which makes it easier to manage my finances. I also appreciated the wide variety of features offered, especially in terms of inventory management and bank reconciliation. Finally, the customer service is excellent, with a responsive and competent team ready to answer my questions and solve my problems.

Cons

Although I am generally satisfied with Xero, there are some negative points to report. First of all, the cost of a monthly subscription can be quite high, especially if you use advanced features or if you need a large number of users. In addition, some features may be difficult to understand for novice users, which may require additional training. Finally, although the customer service is excellent overall, I have sometimes encountered longer wait times than expected to get assistance.

Pros

Easy to use for accounting ledger, integrates with other software we use.

Cons

Not as good as our other software for general accounting and payrole

Alternatives Considered

Reasons for Switching to Xero