About Xero

Established in 2006, Xero is a web-based accounting system designed for small and growing businesses. Xero connects small businesses with their trusted advisors and provides business owners with instant visibility of their financial position.

As a web-based solution, Xero can be accessed from any device with an active Internet connection. With Xero's robust accounting features, small businesses can view their cash flows, transactions and account details from any location. Bank transactions are all automatically imported and coded. Online bill pay helps keep track of spending and stay on top of bills due, improving relationships with the vendors that provide critical business materials.

With Xero, personal expenses can also be managed with mobile revie...


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Supported Operating System(s):

Mac OS, Linux, Unix, Web browser (OS agnostic), Windows 8

1,882 Reviews of Xero

Average User Ratings

Overall

4.32 / 5 stars

Ease-of-use

4.0

Value for money

4.0

Customer support

4.0

Functionality

4.0

Ratings Snapshot

5 stars

(1,075)

1,075

4 stars

(516)

516

3 stars

(169)

169

2 stars

(50)

50

1 stars

(72)

72

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 1882 results

August 2019

Kathryn from Splendid Colors

Verified Reviewer

Company Size: 1 employee

Industry: Arts and Crafts

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

August 2019

Affordable professional level accounting software for small business

It's been easier to use Xero than I expected, but I had a nasty surprise at tax time when I realized the default accounts/descriptions for expenses did not correlate 1:1 to IRS categories. (I should have checked this more closely when I set up my accounts because it's a New Zealand company, and the previous product was local.) This means I will need to double-check all my transactions for 2018 and the IRS has my vastly overestimated tax payment until I can do that and file my return on an extension. I've had a much better experience importing data from financial institutions because Xero uses a well-known importing service that is trusted by the institutions. I like being able to match multiple invoices to bank deposits because I usually don't run to the bank for each check. This will be more valuable as my company grows. I should probably find an accountant to assist me with this, but I haven't found an accountant who understands both craft businesses and Xero.

Pros

Professional double entry software at a very affordable price Accommodates both cash and accrual accounting Links to financial institutions to get transactions Uses standard importer recognized by the financial institutions instead of just trying to log in remotely (and triggering fraud alerts) Can match multiple invoices to a single deposit transaction imported from bank Can keep using Xero as company grows

Cons

Pre-existing expense categories/descriptions don't map 1:1 with IRS definitions, so I'm having to go back to all my receipts to make sure expenses are entered in proper accounts because I didn't realize this when I switched More difficult to focus on specific expense categories to check transactions Have not been able to import historic data from previous app (possibly because it's not double entry) so I am still paying the subscription on that software to retain access to my data No integration with Craftybase, so I have to enter supply purchases and customer invoices there independently

Reasons for Choosing Xero

QuickBooks introduced a special product for Etsy integration, but early adopters had problems with data disappearing and no way to recover it. Otherwise, the cost of QuickBooks to cover the same features I use in Xero would have been very expensive; even a QB consultant told me it's overkill for a business of my size. I forget which other products I looked at, but Xero was recommended by several owners of similar businesses.

November 2019

Adam from Consult and Design

Verified Reviewer

Company Size: 11-50 employees

Industry: Computer Software

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

November 2019

Absolutely love Xero

Xero has allowed us to get a real, detailed view on the financial situation within our company from one place. With a comprehensive setup, it can provide real value from day one.

Pros

Xero has transformed our financial management and provides us with all the real time data we could imagine, and where it lacks, integrations take over. While more "accountancy" friendly than some of the more simple products, once you work with your accountants to get this right, you won't regret it. The detail, features and holistic approach to managing company finances means that we are using this every day and with pleasure.

Cons

The interface is being updated, and it is needed as it is a little old fashioned in its design. That said, it is clean and clear and otherwise we love everything about Xero.

July 2020

Jarryd from Freelance Film & Television Colourist

Verified Reviewer

Company Size: 1 employee

Industry: Broadcast Media

Time Used: More than 2 years

Review Source: GetApp


Ease-of-use

3.0

Value for money

2.0

Customer support

3.0

Functionality

5.0

July 2020

Powerful software that's too expensive for sole-traders

Xero is excellent for book-keeping my own business, although the learning curve was very difficult (and I've had this feedback too from friends and family who use Xero too) and every month when the service is charged I find it difficult to justify the cost of it - it is far too expensive for a sole trader. That being said, it has significantly eased my book-keeping and the auto-reminders for clients regarding invoices has reduced a lot of stress. There are alternative services that seem to offer service parity for sole traders that are half the price (i.e. Rounded) that do look appetising, however the inability to export my data offline is a problem, and accountants prefer to use Xero.

Pros

Excellent feature set including bank reconciles, quoting, invoicing, auto-reminders, ability to share with accountant

Cons

Very difficult and stressful to learn, far too expensive for sole traders (needs a better suited plan for sole-traders), too many periods of unexpected down-time per year, inability to export data offline for backing up or long term archival, needs better systems for tracking expenses from other accounts that aren't banking related (i.e. transport cards where expenses could be claimed for travel).

November 2019

jonathan from Crystal HR & Payroll Ltd

Company Size: 2-10 employees

Industry: Accounting

Time Used: Less than 6 months

Review Source


Ease-of-use

1.0

Value for money

1.0

Customer support

2.0

Functionality

1.0

November 2019

Appalling Software - Avoid at all Costs in My Opinion

Overall, Xero costs us a lot of time we didn't spend before, does things on it's own such as create new suppliers for an expense and to me, it seems the software was written by ex Bookkeepers who didn't really understand bookkeeping anyway and had a good go at designing a software package that would compete I am guessing with the likes of Sage and failed abysmally. We use Xero because our accountants do the bookkeeping for us and this is what they use, if not for this, I wouldn't touch Xero if my life depended on it.

Pros

Nothing, nothing at all. The software is nothing more than a glorified analysed cashbook. Support is poor and some of the replies from Support demonstrate the advisor doesn't understand accounts, the accounts structure or the damage that can be done by the advice they are giving.

Cons

All purchases whether a supplier, or a bottle of milk from Tesco's is a contact. A bottle of milk for the office should be coded directly to the nominal code, not a new supplier "Tesco's" created. Cash in an out of bank should be the same as the bank statement on a live bank feed, but it excludes transfers from savings to current account so not a true reflection of cash in and out. Xero doesn't reconcile customer receipts, even through the name on the receipt in the bank is the same as the customer account exactly. Xero dump a lot of support on to the accountant who provides the service. Xero creates accounts for customers and suppliers on it's own if it doesn't recognise a payment or receipt in the bank account. Software should never be allowed to decide if it wants to create something automatically. Xero isn't as automated as Sage Accounts, for instance when bulk invoicing over several days, you can't set the date at software level, you have to keep changing the date. When importing from Sage into Xero for the first time, if Xero doesn't understand an item on the invoice, it simply creates a new line on the invoice whether you want it to or not and there is no way apparently to undo this once done. Xero works with receipt bank and you can spend hours trying to tell it an expense is not to be coded to a customer. I could go on.

June 2020

Karen from Orange Fox Electrical Limitied

Company Size: 11-50 employees

Industry: Construction

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

4.0

Functionality

3.0

June 2020

Excellent but some small issues

Overall we are very happy with this software and have no plans to change

Pros

Easy to use Cost effective Easy to speak to/connect with the accountant in real time Clear graphics

Cons

Ideas with lots of 'views' are not implemented Some pointless ideas seem to get preference because they are more 'tech forward'

Reasons for Choosing Xero

We didn't consider others at the time, our accountants 'champion' this product as they use it too. Although there are others out there we wouldn't change as they are all very similar. It is worth noting we also use job management software which does a lot which Xero doesn't (and actually shouldn't try to ).