Xero Accounting Solution Reviews

“feature-rich and constantly improving”

Pros

The platform is really user friendly and it comes packed with useful features that keep expanding over time. Whenever something isn't clear, the online help is there and the user community continues to grow as well.

Cons

Reporting still seems a bit limited and building the exact reports you need can be somewhat difficult at times. It would be better with more flexibility in the report parameters.

“secure daily financial visibility”

Pros

Having a secure online system like Xero has been a big plus. A lot of small businesses struggle because they do not have a clear view of their finances and expenses and this app helps solve that. I use Xero every day and it gives me a clear overview of my businesss financial health. Each morning, I go into the app to match payments and that daily routine works really well for me.

Cons

The only downside is that it can take a bit of time to figure out which chart of accounts to use and how everything should be set up. Still, if you put the effort in at the start and set it up properly, it works well as a daily tool.

“powerful reports and integrations”

Pros

Using this software has made day to day accounting much more manageable. The platform is very user friendly and its navigation is set up in a way that really helps me work faster especially when generating reports and creating or tracking invoices. The payroll feature is also simple and comfortable to use. On top of that the integrations with other software are excellent, particularly when it comes to bill processing. Adding a merchant is very simple and takes almost no effort. I also like that the platform provides quarterly reports for users.

Cons

One issue I have noticed is that whenever the platform rolls out new updates some features can become unavailable. At times the dashboard even collapses which makes it inaccessible and unusable until the issue is resolved.

“bookkeeping made simple”

Pros

Handling bookkeeping and accounting for my business has become much more efficient with Xero. I use the online version and it has been an excellent tool not just during tax season but all year round. It keeps documents and receipts organized which makes managing finances and reporting taxes much simpler.

Cons

Honestly I do not have any complaints.

“reliable integrations and helpful support”

Pros

Even if the reporting doesn't quite stand out compared with some competitors, the integrations with other apps are strong and usually cover what's needed. From an accountant's perspective, the support is amazing as well. There's also a big user community so when something comes up, it's usually pretty easy to track down an answer.

Cons

Some useful reports are still missing and if they're not on the product roadmap, there's a good chance they may never be added. The only odd issue I have run into is the ongoing forex perpetual revaluation behavior which still hasn't been fixed and probably won't be. It's not a critical problem but it would definitely be helpful to have it resolved.

“fantastic cloud invoicing tool”

Pros

Creating and sending invoices to clients with Xero is very easy. Since it's cloud-based, there's no need to download or install anything extra. The bank integration is also simple to set up and the whole platform is very user friendly.

Cons

I really don't have any major complaints, aside from the fact that it doesn't offer much in terms of offline functionality.

“fast setup and reliable auditing”

Pros

The platform is easy to use, rollout is quick and the auditing features are very helpful.

Cons

Overall it can be a bit costly for small businesses.

“powerful reporting and charts”

Pros

There are plenty of reports available and they cover pretty much every area of the business. It also comes with CIS and VAT submission features, plus really useful Profit and Loss charts. The company also feels proactive and engaged and they seem to genuinely listen to users when improving the product.

Cons

Nothing has stood out as a problem so far although I haven't compared it directly with something like QuickBooks since it is the only one I have used.

“simple daily accounting flow”

Pros

Navigation is pretty easy and using it day to day is also not a hassle.

Cons

It costs more than some alternatives but I still feel the value justifies the price.

“Provide app access for finances”

Pros

It integrates well with other apps which makes tracking income, expenses and other financial details much more convenient.

Cons

All I need to do is open the software instead of relying on a manual spreadsheet and it saves time because using it is very easy.

“User friendly accounting tool for newbies”

Pros

Getting this set up and using it was very easy, even without a finance background like mine.

Cons

The mobile app still feels a bit unfinished. It also takes some time to get comfortable with at first although the online help section is quite informative.

“manage finances from anywhere”

Pros

I am able to handle and track my finances from anywhere using the platform's interface.

Cons

I am still getting the hang of some parts of this software and learning how everything works.

“simple online accounting tool”

Pros

Everything is simple and user friendly and it's quick to locate whatever you need at any time. Being online makes it even more convenient to access.

Cons

The reconciliation process still isn't my favorite although I am getting used to it. It also doesn't feel as detailed or specific as MYOB. I'd really like to see an app that lets you photograph receipts and send them directly to it Right away similar to what MYOB Capture offers.

“helpful accounting software”

Pros

This accounting software has been really helpful.

Cons

The pricing feels pretty expensive and I wish there were a middle-ground option.

“Modern dashboard and detailed insights”

Pros

After seeing this product used poorly elsewhere, we made sure to set ours up properly from the beginning. That made a huge difference and now we have a modern yet user friendly system that gives us all the detail we could possibly need. In our case, the dashboard is especially excellent because it keeps everything clear and very simple to follow.

Cons

Honestly I have not been able to find anything wrong with this product. As a small business, it covers everything we need.

“transparent and user friendly accounting”

Pros

Using it is not a problem and the transparency it gives clients is something I really like.

Cons

One limitation is that journal entries cannot be made directly to bank accounts, AP or AR.

“simple to learn and navigate”

Pros

We moved onto Xero because our bookkeeper was already using it and I have to say it was really easy for me to learn and step into her role myself which ended up saving us money on bookkeeping fees. It's simple enough to teach yourself and I have been able to find my way around new tasks and different sections without much trouble.

Cons

The only frustration is with report customization. I wish the reporting tools gave more flexibility because right now I still need to export things into Excel and modify or merge reports there to get exactly what I need.

“handy ap duplicate check”

Pros

It's been a really helpful tool overall and even catches certain issues before they become bigger problems. I especially love the duplicate check feature in AP.

Cons

I don't really have any complaints. It's a great program and comes with all the features you'd expect.

“simple financial reporting”

Pros

Generating financial statements with Xero is really easy and it makes the whole process much simpler.

Cons

Since I was new to this tool, it took some time to get used to where the various reports and transactions are located.

“feature-packed and user friendly”

Pros

Compared to the bulky, overly complicated systems I have used before, Xero seems like a breath of fresh air. It packs a huge range of features while still being simple and easy to use. You can tell they designed it around the user keeping things clear and manageable while still covering everything a billing platform needs to do.

Cons

Honestly there isn't much I can say negatively. If I had to point out one thing, it would be that the chat or phone support for troubleshooting could be a bit better.