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Xero

Online accounting and bookkeeping platform for small businesses owners, self-employed professionals, freelancers, and individual contractors

8.6

390 Votes

Cloud-based accounting software designed for small to medium-sized businesses.

Overview

Xero is a comprehensive, cloud-based accounting solution aimed at meeting the needs of small to medium-sized businesses. It incorporates a range of features, including invoicing, bank reconciliation, expense tracking, and more.

Features and Functionality

Xero offers a variety of features that streamline financial management. The software provides real-time financial data, allowing businesses to keep track of their cash flow, invoices, and bills in a single platform. Its intuitive dashboard presents all critical information at a glance, thus, enhancing decision making.

Integration Capabilities

One of Xero's key strengths is its robust integration capabilities. It seamlessly integrates with over 700 business applications, including inventory management, time tracking, and CRM tools. This makes it easier for businesses to centralize their operations and enhance efficiency.

User Experience

Many users have lauded Xero for its user-friendly interface. The software is designed to be easy to use, with clear navigation and helpful tutorials for beginners. However, some users have noted that the software has a steep learning curve, particularly for those with limited accounting knowledge.

Customer Support

Xero offers a variety of support options, including a comprehensive help center, online community, and dedicated support team. The team is available 24/7 to assist users with any issues that they may encounter.

Value for Money

Compared to other accounting software, Xero offers a great balance of features and cost. It offers three pricing plans to cater to different business needs, making it accessible for startups and growing businesses.

Conclusion

In conclusion, Xero is a powerful and versatile accounting software that is well-suited for small to medium-sized businesses. Its broad range of features, robust integration capabilities, and excellent customer support make it a valuable tool for any business seeking to streamline their financial management.

Highest-Rated Features:

  1. Direct Deposit
  2. Revenue Types
  3. Income and Expenses

Lowest-Rated Features:

  1. Customization
  2. Payroll
  3. Workflow Capability
Company
Xero
HQ Location
Wellington, New Zealand
Ownership
ASX:XRO
Total Revenue (USD mm)
$529
  • Starter: $27 AUD
  • Standard: $52 AUD
Top 4 Xero Alternatives

QuickBooks Online

Cloud accounting with automated invoicing and easy expense tracking for small business owners

QuickBooks Desktop Pro

Manage your business's finances all from the comfort of your computer desktop

Sage Intacct

Generate financial reports, track your company's revenue and expenses, and gain extra insight into the bottom line with detailed cost accounting modules

FreshBooks

Web-based accounting software intended for both small- and medium-sized businesses