SHORT ON TIME? HERE’S A QUICK SUMMARY
Xero is a cloud-based accounting software tailored for small businesses, offering a comprehensive suite of tools to manage finances efficiently. With features like invoicing, bank reconciliation, expense tracking, and integration with over 1,000 third-party apps, Xero provides a scalable solution to meet diverse business needs. Its user-friendly interface and robust functionality make it a strong contender in the accounting software market.
Xero is a cloud-based accounting software tailored for small businesses, offering a comprehensive suite of tools to manage finances efficiently. With features like invoicing, bank reconciliation, expense tracking, and integration with over 1,000 third-party apps, Xero provides a scalable solution to meet diverse business needs. Its user-friendly interface and robust functionality make it a strong contender in the accounting software market.
👍 PROS:
- Comprehensive feature set with tools for invoicing, expense tracking, and bank reconciliation
- Over 1,000 app integrations to customize workflows
- Cloud-based access for real-time financial updates anywhere, anytime
- Affordable pricing options
- Free 30-day trial to explore features
- Comprehensive online tutorials and support for mastering advanced tools
- New inventory management add-on
- Payroll integration with Gusto
- Reliable and user-friendly mobile apps
- Unlimited users included with all plans
- Intuitive, user-friendly layout for easy navigation
- Real-time financial reporting for immediate insights
- Automated bank transaction imports for efficiency
👎 CONS:
- Time entries must be linked to projects
- Modifying transaction templates can be challenging
- No direct customer support phone number, but callbacks are available when needed
- Entry-level plan includes limits on bills and invoices
- Initial learning curve due to extensive features
Get Xero - Simplify your business with powerful accounting software
SEE WHAT USERS HAVE TO SAY
"I use Xero for invoicing, reconciling our monthly revenue and spending, and providing our accountants with the information they need for our various tax returns and payments. It’s a great tool for helping us compare and track our revenue with previous quarters and years and simply automates the way we receive payments and track our expenditures and revenue."
"I am new to doing payroll myself so had to reach out for help. Response times were very fast. The agent was extremely patient with me and very knowledgeable. Instructions were clear and easy to follow. My problem was solved quickly.”
“It has cut down on the overhead costs for data entry due to ease of use. It has saved us time in getting the financial reports we need in a timely manner.”
WHAT IS XERO?
Xero is a cloud-based accounting software from New Zealand, designed to support small and medium-sized businesses (SMBs) with comprehensive financial management tools. Launched in 2006, it offers features like invoicing, real-time reporting, extensive app integrations, and unlimited usage. By streamlining processes, reducing paperwork, and providing real-time insights, Xero empowers SMBs to take control of their finances and operate more efficiently. With over four million global subscribers in 180 countries, Xero’s intuitive design and innovative capabilities continue to make it a popular choice for businesses and accounting firms worldwide.
WHO SHOULD USE XERO?
Xero is an excellent choice for small to medium-sized businesses seeking a comprehensive financial management tool. Entrepreneurs, startups, and growing companies benefit from its intuitive design, easy financial tracking, and extensive third-party integrations. Industries with frequent client transactions, such as retail and professional services, particularly value its invoicing features and real-time cash flow insights.
For businesses expanding globally, Xero’s multi-currency support is a significant advantage. Teams looking for collaborative tools will also appreciate its ability to support multiple users with customizable permission levels, promoting transparency and teamwork.
WHAT ARE THE FEATURES?
Xero offers a comprehensive suite of features designed to streamline accounting processes and support business growth:
Accept Payments: Facilitate on-time payments by accepting credit card, debit card, or direct debit transactions.
Online Invoicing: Create and send invoices from any device, with options to automate reminders and track payment statuses.
Bank Connections: Connect to over 21,000 global financial institutions for automated bank feeds and reconciliation.
Expense Management: Submit and reimburse expense claims efficiently using Xero's tools.
App Integrations: Enhance functionality by integrating with various apps and financial services tailored to your business needs.
Bank Reconciliation: Maintain accurate financial records through Xero's reconciliation software.
Bill Payments: Monitor and pay bills promptly, gaining a clear view of accounts payable and cash flow.
Project Tracking: Plan, budget, quote, and invoice projects effectively, with capabilities to record time and track costs.
Payroll with Gusto: Streamline employee payments by calculating pay and deductions accurately.
Purchase Orders: Create and send digital purchase orders, tracking orders and deliveries seamlessly.
Reporting: Generate precise accounting reports and collaborate with advisors in real time.
Quoting: Produce professional online quotes and send them instantly via desktop or mobile app.
Inventory Management: Monitor stock levels and efficiently populate invoices and orders with inventory items.
Multi-Currency Accounting: Manage international transactions by handling payments in over 160 currencies.
Contact Management: Consolidate customer and supplier information, including sales, invoices, and payments, in one place.
Sales Tax Automation: Utilize Avalara integration for detailed sales tax reports and automated tax calculations on invoices.
Data Capture: Automatically store documents and key data into Xero using tools like Hubdoc.
Online File Storage: Securely manage and share documents, contracts, bills, and receipts from any location.
Analytics: Assess future cash flow, financial health, and key metrics, with options to upgrade for advanced analytics.
Accounting Dashboard: Monitor daily finances, including bank balances, invoices, and bills, through a user-friendly dashboard.
Fixed Asset Management: Track and manage fixed assets in collaboration with your accountant to keep books current.
Mobile App: Manage your business on the go with Xero's accounting app, staying productive during spare moments.
These features are designed to simplify financial management, allowing businesses to focus on growth and efficiency.
IS IT EASY TO USE?
Xero is designed for clarity and simplicity, making navigation straightforward once you’re familiar with the interface. However, new users, particularly those inexperienced with digital accounting, may face a steep learning curve. While the onboarding process is thorough, with setup assistance and a step-by-step guide, the extensive features can feel overwhelming initially. Despite this, Xero efficiently organizes financial information, and with time, users can fully leverage its powerful reporting capabilities.
USER INTERFACE
The user interface is modern and visually appealing, with a customizable dashboard that allows you to focus on the most relevant information. Menus are logically organized, and the use of icons and color coding enhances usability. The design facilitates efficient navigation between different features and modules.
DESKTOP AND MOBILE APPS
Xero is accessible via web browsers and offers mobile applications for iOS and Android devices. The mobile app allows you to perform essential tasks such as invoicing, expense capture, and bank reconciliation on the go. While the mobile app provides convenience, some advanced features are best accessed through the desktop version.
IS IT SAFE AND SECURE?
Xero prioritizes the security of your data by implementing multiple layers of protection, ensuring your financial information stays safe and confidential:
Data Encryption: Xero employs industry-standard encryption protocols to safeguard your data during transmission and storage. This ensures that sensitive information remains inaccessible to unauthorized parties.
Two-Factor Authentication (2FA): To enhance account security, Xero offers 2FA, requiring you to provide a second form of verification—such as a code from your mobile device—in addition to your password. This significantly reduces the risk of unauthorized access.
Regular Backups: Xero performs consistent and reliable data backups to protect against accidental loss or corruption. This ensures that your financial information is recoverable, even in the event of unexpected system failures.
Compliance with Global Standards: Xero adheres to stringent global security standards and regulatory requirements, such as GDPR and SOC 2, to ensure your data is handled responsibly and securely.
By integrating these robust measures, Xero provides peace of mind, letting you focus on your business while knowing your financial information is well-protected.
IS THERE A FREE VERSION?
Xero does not offer a permanently free version of its accounting software. However, you can explore its features through a 30-day free trial, which provides full access to all functionalities without requiring a credit card. This trial period allows you to assess how Xero fits your business needs before committing to a subscription. After the trial, Xero offers several subscription plans to accommodate different business requirements.
HOW MUCH IS IT?
Xero offers three pricing tiers designed to cater to businesses of all sizes and needs:
• Early Plan: $15 per month
Ideal for solopreneurs and small business owners starting out. This plan includes up to 20 quotes and invoices per month, entry for five bills, bank transaction reconciliation, bill and receipt capture with Hubdoc, and tools to view a short-term cash flow and business snapshot.
• Growing Plan: $47 per month
Perfect for growing businesses, this plan includes all the features of the Early plan with unlimited quotes, invoices, and bills. Additionally, it supports bulk reconciliation of transactions to save time as your business scales.
• Established Plan: $80 per month
Designed for businesses serving international markets or with more complex needs. This plan includes all features from the Growing plan and adds multi-currency support and in-depth analytics for advanced financial insights.
It's important to note that Xero's pricing and available plans may vary by region. All plans include a free 30-day trial, so you can explore Xero’s features before committing to a subscription.
CUSTOMER SUPPORT
Xero offers free, unlimited online customer support 24/7 as part of your subscription. To get assistance, start by searching for answers in Xero Central, their comprehensive support center. If you need further help, click the 'Get in Touch' button at the bottom of any support article to raise a case. While Xero doesn't provide a direct phone number for support, you can request a callback by providing your phone number and preferred contact time. Be cautious of any websites claiming to offer official Xero support phone numbers, as they may be fraudulent. Xero's support is always free and accessible through their official channels.
BOTTOMLINE
Xero stands out in the accounting software market with its real-time financial reporting, user-friendly design, and robust automation. Its automated data import feature reduces manual input, while extensive third-party integrations create a seamless financial management system tailored to business needs. By delivering clear and actionable financial insights, Xero empowers decision-makers with a comprehensive financial snapshot, streamlining complex data into accessible, transparent information. With a focus on efficiency and clarity, Xero is an invaluable tool for modern businesses.
"I use Xero for invoicing, reconciling our monthly revenue and spending, and providing our accountants with the information they need for our various tax returns and payments. It’s a great tool for helping us compare and track our revenue with previous quarters and years and simply automates the way we receive payments and track our expenditures and revenue."
"I am new to doing payroll myself so had to reach out for help. Response times were very fast. The agent was extremely patient with me and very knowledgeable. Instructions were clear and easy to follow. My problem was solved quickly.”
“It has cut down on the overhead costs for data entry due to ease of use. It has saved us time in getting the financial reports we need in a timely manner.”
WHAT IS XERO?
Xero is a cloud-based accounting software from New Zealand, designed to support small and medium-sized businesses (SMBs) with comprehensive financial management tools. Launched in 2006, it offers features like invoicing, real-time reporting, extensive app integrations, and unlimited usage. By streamlining processes, reducing paperwork, and providing real-time insights, Xero empowers SMBs to take control of their finances and operate more efficiently. With over four million global subscribers in 180 countries, Xero’s intuitive design and innovative capabilities continue to make it a popular choice for businesses and accounting firms worldwide.
WHO SHOULD USE XERO?
Xero is an excellent choice for small to medium-sized businesses seeking a comprehensive financial management tool. Entrepreneurs, startups, and growing companies benefit from its intuitive design, easy financial tracking, and extensive third-party integrations. Industries with frequent client transactions, such as retail and professional services, particularly value its invoicing features and real-time cash flow insights.
For businesses expanding globally, Xero’s multi-currency support is a significant advantage. Teams looking for collaborative tools will also appreciate its ability to support multiple users with customizable permission levels, promoting transparency and teamwork.
WHAT ARE THE FEATURES?
Xero offers a comprehensive suite of features designed to streamline accounting processes and support business growth:
These features are designed to simplify financial management, allowing businesses to focus on growth and efficiency.
IS IT EASY TO USE?
Xero is designed for clarity and simplicity, making navigation straightforward once you’re familiar with the interface. However, new users, particularly those inexperienced with digital accounting, may face a steep learning curve. While the onboarding process is thorough, with setup assistance and a step-by-step guide, the extensive features can feel overwhelming initially. Despite this, Xero efficiently organizes financial information, and with time, users can fully leverage its powerful reporting capabilities.
USER INTERFACE
The user interface is modern and visually appealing, with a customizable dashboard that allows you to focus on the most relevant information. Menus are logically organized, and the use of icons and color coding enhances usability. The design facilitates efficient navigation between different features and modules.
DESKTOP AND MOBILE APPS
Xero is accessible via web browsers and offers mobile applications for iOS and Android devices. The mobile app allows you to perform essential tasks such as invoicing, expense capture, and bank reconciliation on the go. While the mobile app provides convenience, some advanced features are best accessed through the desktop version.
IS IT SAFE AND SECURE?
Xero prioritizes the security of your data by implementing multiple layers of protection, ensuring your financial information stays safe and confidential:
Data Encryption: Xero employs industry-standard encryption protocols to safeguard your data during transmission and storage. This ensures that sensitive information remains inaccessible to unauthorized parties.
Two-Factor Authentication (2FA): To enhance account security, Xero offers 2FA, requiring you to provide a second form of verification—such as a code from your mobile device—in addition to your password. This significantly reduces the risk of unauthorized access.
Regular Backups: Xero performs consistent and reliable data backups to protect against accidental loss or corruption. This ensures that your financial information is recoverable, even in the event of unexpected system failures.
Compliance with Global Standards: Xero adheres to stringent global security standards and regulatory requirements, such as GDPR and SOC 2, to ensure your data is handled responsibly and securely.
By integrating these robust measures, Xero provides peace of mind, letting you focus on your business while knowing your financial information is well-protected.
IS THERE A FREE VERSION?
Xero does not offer a permanently free version of its accounting software. However, you can explore its features through a 30-day free trial, which provides full access to all functionalities without requiring a credit card. This trial period allows you to assess how Xero fits your business needs before committing to a subscription. After the trial, Xero offers several subscription plans to accommodate different business requirements.
HOW MUCH IS IT?
Xero offers three pricing tiers designed to cater to businesses of all sizes and needs:
• Early Plan: $15 per month
Ideal for solopreneurs and small business owners starting out. This plan includes up to 20 quotes and invoices per month, entry for five bills, bank transaction reconciliation, bill and receipt capture with Hubdoc, and tools to view a short-term cash flow and business snapshot.
• Growing Plan: $47 per month
Perfect for growing businesses, this plan includes all the features of the Early plan with unlimited quotes, invoices, and bills. Additionally, it supports bulk reconciliation of transactions to save time as your business scales.
• Established Plan: $80 per month
Designed for businesses serving international markets or with more complex needs. This plan includes all features from the Growing plan and adds multi-currency support and in-depth analytics for advanced financial insights.
It's important to note that Xero's pricing and available plans may vary by region. All plans include a free 30-day trial, so you can explore Xero’s features before committing to a subscription.
CUSTOMER SUPPORT
Xero offers free, unlimited online customer support 24/7 as part of your subscription. To get assistance, start by searching for answers in Xero Central, their comprehensive support center. If you need further help, click the 'Get in Touch' button at the bottom of any support article to raise a case. While Xero doesn't provide a direct phone number for support, you can request a callback by providing your phone number and preferred contact time. Be cautious of any websites claiming to offer official Xero support phone numbers, as they may be fraudulent. Xero's support is always free and accessible through their official channels.
BOTTOMLINE
Xero stands out in the accounting software market with its real-time financial reporting, user-friendly design, and robust automation. Its automated data import feature reduces manual input, while extensive third-party integrations create a seamless financial management system tailored to business needs. By delivering clear and actionable financial insights, Xero empowers decision-makers with a comprehensive financial snapshot, streamlining complex data into accessible, transparent information. With a focus on efficiency and clarity, Xero is an invaluable tool for modern businesses.
Get Xero - Simplify your business with powerful accounting software
