Xero Review, Pricing & Features

This customization is characteristic of Xero, as it’s one of the most heavily customizable software accounting tools on the market. We interviewed professional bookkeepers who utilize Xero for their bookkeeping and financial services, and they had overwhelmingly positive feedback about the software. Graham Davies, the founder of Addition Finance, utilizes Xero and finds it flexible, scalable, and valuable due to its open API and wide range of third-party software application integrations.

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They’re visually set up much like the Sales section, so all bills are ordered in a list view so you can see each due date, who you owe money to, and more. Xero certainly doesn’t skimp when it comes to features and even more seem to come out of nowhere as you delve deeper into its hidden depths. Everything revolves around the Xero dashboard area, but we also love the easy way Xero lets you create a new part of your cloud-based experience with a simple ‘+’ button to the right of the screen. Here, you can produce invoices, bills, purchase orders and more besides, with one-click ease. While the software is well-organized, it does have a steep learning curve (not as steep as QuickBooks, but it is more difficult to learn than other cloud-based options). It takes quite a while to explore all of the features it has to offer, but once you get acquainted with the software, Xero is fairly easy to use.

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A brief table of additional features offered by Xero is provided below. We use a rigorous software review process to create our unbiased, in-depth research. Rob Clymo has been a tech journalist for more years than he can actually remember, having started out in the wacky world of print magazines before discovering the power of the internet. In the rare moments he’s not working he’s usually out and about on one of numerous e-bikes in his collection. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. Responses are not provided or commissioned by the vendor or bank advertiser.

  • With Xero, you can connect bank accounts, accept payments online, send invoices directly to customers, keep financials up to date, track your company’s inventory, and more.
  • Because not every accounting software tool offers inventory management, it’s notable that Xero offers inventory management with moderate specifications.
  • Its ease-of-use score is also high, making it a great software for A/R.
  • In this Xero review we’ll cover their most popular features, peek inside the platform, and get to the bottom of everything to see if it’s actually the best tool for you.

As the industry standard, QuickBooks Online is ideal if you have a growing business with specific accounting needs — as long as you don’t mind taking the time to learn the program’s ins and outs. You can also scroll through Xero’s default chart of accounts and customize it as needed, or import an already existing chart of accounts. If you have a list of customers and suppliers, you can import that, too.

Final Verdict: Is Xero Good Accounting Software?

Xero offers over 80 CRM integrations, but some of the best Xero CRM integrations are Capsule, HubSpot, Breadwinner for Salesforce, and Insightly. If you’re looking for an accountant who specializes in Xero, you can search for an accounting advisor through their website by location and industry. However, as the need arises, you may hire a Xero-certified accountant to help you keep your books of accounts accurate and organized. In Xero’s system, inventory on a PO isn’t reduced automatically when only a portion of a PO is received. Instead, you’ll need to edit the original PO and adjust the quantity not yet received.

  • The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
  • For unlimited invoicing and bill-paying capacity, you’ll need to upgrade to the Growing plan.
  • There is also a lively community area that boosts the overall useability of the Xero experience.
  • As of Nov.1, 2018, Xero no longer includes payroll, and it has limited some features (such as expenses and multicurrency support) to its most expensive plan.

Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $70 per month. If using multiple currencies is a priority to you, consider other platforms that offer this capability at a lower cost. Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies. It’s relative to how well you can handle your own accounting, and even if you can, how much time could be saved and how much more productive you could become by leveraging modern software. But for those that need some help and need to make bookkeeping more efficient, a small business accounting software is a stellar option. In the accounts receivable (A/R) management portion, we evaluated major aspects like invoice creation, inventory adjustments, and customer payments.

Xero Reviews From Users

Xero has all the features required to manage small and medium sized businesses across many different industries. With Xero, you can connect bank accounts, accept payments online, send invoices directly to customers, keep financials up to date, track your company’s inventory, and more. If there’s something you need that Xero doesn’t directly offer, you will almost certainly find a third-party solution in Xero’s extensive Marketplace. The software is well-developed and offers strong accounting and ample features, reports, and integrations. Xero also supports unlimited users for every plan, which is almost unheard of in the accounting software world. You can set multiple levels of user permissions and control feature access as well.

Xero is a robust accounting solution with sophisticated accounting features, ample reports, 800+ integrations, and unlimited users. Unlike QuickBooks Desktop, Xero also has the mobility and modern UI of cloud-based software. Xero includes extensive features that make it suitable to handle complex accounting processes https://bookkeeping-reviews.com/xero-accounting-software-review-2021/ for small- and medium-sized businesses as well as larger ones. The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more. Adding your company’s products and services will make it even easier to create invoices and send them within mere seconds.

Xero Customer Service & Support

NerdWallet’s accounting software ratings favor products that are easy to use, have a robust feature set and can grow with your business. Ratings are based on weighted averages of scores in several categories, including scope of features and integrations, customer support and cost, among others. Xero is an https://bookkeeping-reviews.com/ advanced yet affordable accounting software that’s ideal for small to medium established businesses. It’s more advanced than Wave and FreshBooks, which are best suited for freelancers or teams of up to five. One of the biggest complaints I had about Xero was that not all 50 states had payroll support.