Xero
About Xero
Awards and Recognition
Xero Pricing
Early: $5.50/month Growing: $16/month Established: $31/month
Starting price:
$12.00 per month
Free trial:
Available
Free version:
Not Available

Other Top Recommended Accounting Software
Most Helpful Reviews for Xero
1 - 5 of 1,844 Reviews
Karim
11 - 50 employees
Used more than 2 years
OVERALL RATING:
4
Reviewed January 2021
One stop Accounting solutions for Small to Medium organisations.
Quratulain
Verified reviewer
Information Technology and Services, 2-10 employees
Used weekly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2021
Best in Multi-currency accounting for SMB
Xero was the best choice back in 2015 (when no one gave multi-currency) and still is in 2021 (when there are some who do). I have now added another company to Xero and cannot imagine shifting to another platform....ever.
PROSWith 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.
CONSThey 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.
Reason for choosing Xero
There was no multi-currency in Quickbooks available. Bank feeds were also not there for some of the banks I wanted. For a similar price point Xero offered better features and a product that was easier to use for a non-accountant.
Reasons for switching to Xero
Freshbooks didnt give Multi-currency and it was causing problems with reporting
Ousmanou
Financial Services, 2-10 employees
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed March 2023
Xero: The complete solution for effective financial management
I have been using Xero for several months now and I must say that my experience has been very positive so far. The software is very user-friendly and easy to use, even for people who do not have in-depth knowledge of accounting. I really like the way it is organized, with clear tabs and drop-down menus that make navigation simple and intuitive.In addition, the features offered by Xero are really impressive. I particularly like inventory management, which allows me to easily track my stock levels and place orders when necessary. Similarly, the bank reconciliation function is very useful to ensure that all transactions are correctly recorded and that the accounts are up to date.Finally, Xero's customer service is excellent. I have contacted their support team several times and I have always received a quick and useful response. They are very competent and were able to solve all my problems in no time.Overall, my experience with Xero has been very positive and I would definitely recommend this software to anyone looking for an easy-to-use and complete accounting solution.
PROSWhat 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.
CONSAlthough 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.
Reasons for switching to Xero
I decided to switch to Sage Intacct because I needed a more advanced and robust accounting system to manage the growth of my business. Although my old software worked well, it no longer met my company's growing needs for financial management and reporting. I was impressed by Sage Intacct's advanced features such as project management, purchase order management and revenue planning, which allowed me to gain better visibility into my finances and make more informed decisions. In addition, Sage Intacct's customer service was excellent, which gave me confidence in my decision to move to their product.
Karen
Professional Training & Coaching, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
3
EASE OF USE
3
VALUE FOR MONEY
3
CUSTOMER SUPPORT
2
FUNCTIONALITY
3
Reviewed March 2023
Totally a good accounting software.
Xero is a good for accountants and bookeepers and for freelancers. It's has a good features and user friendly.
PROSI like Xero because it's user friendly and it's commonly use by businesses.
CONSIt's a little expensive for me and for those who are in a start up business.
Sara
Verified reviewer
Hospital & Health Care, 5,001-10,000 employees
Used weekly for more than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2023
Xero is great since it simplifies the accounting reporting process
The ability to keep tabs on 1099 forms and information on subcontractors is a great addition. With many permission tiers, an online accounting software is a great asset. It's incredibly straightforward to switch jobs. The time-tracking features are fantastic. Because of its user-friendliness and simplicity, Xero is a breeze to train new employees on.
PROSThat Xero streamlines the process of generating financial reports like P&Ls and balance sheets is a major plus in my book. Cash flow can be monitored and controlled with little effort. This application is helpful since it makes it simple to keep tabs on and organize spending. Xero appears to make the task of reconciling bank accounts much less complicated.
CONSThe use of tracking categories is a necessary evil in the projects module. It would be great if the projects section was integrated with other apps, such as Expensify. Having various rate cards within the projects section would also be helpful.
Reasons for switching to Xero
One of the most significant differences is that we don't all reside in the same geographical area. With three offices, it was imperative that the company adopt a cloud-based accounting solution. Xero's features are comprehensive enough to meet our requirements.