Xero Accounting Solution

Xero Accounting Solution

Last Updated Sep 25, 2024

Overview

Xero accounting software streamlines your financial management, from invoicing to payroll. While it may take time to master its extensive features, the ability to integrate with numerous apps and automate tasks makes it invaluable for small businesses and accountants.

Overall Rating

Based on 52 users reviews

4.6

Rating Distribution

Positive

92%

Neutral

4%

Negative

4%

Starting Price
Custom

What is Xero Accounting Solution?

Overview

Xero is a web-based accounting solution offering robust and complex accounting tools to small and medium-sized businesses in all industry verticals. Xero provides them with a direct gateway to connect with their banks, accounting tools, their accountant, payment services, trusted advisors and integration with +700 third-party apps through secure, readily available channels at all times via any device. The software currently caters to 1,000,000 users and over 16,000 accounting firms.

The software's accounting and bookkeeping functionalities provide users with efficient compliance tools, a practice management solution, and a cloud-based unified accounting ledger for every client, in one place. The solution now also comes with a project management feature, which wasn’t previously included. With Xero's robust accounting features, small businesses can view their cash flows, transactions, and account details from any location. Online payments allow users to track and manage expenses as well as improve relationships with critical business material suppliers. There are also features that automatically import and code all business transactions accurately.

Pricing: Four pricing packages are offered: Starter ($9/month), Standard ($30/month), and Premium 10 ($70/month). A 30-day free trial is also offered.

USP: Offers all the right tools to manage money in and out of your budgets in a way that will coincide with your business goals and long-term missions. You can also manage personal expenses with the mobile review.

Support: Support is extended via email, phone, live support, and tickets.

Product Advantages: Xero is easy to use and user-friendly, and accumulates highly ranked features that help close crucial accounting gaps. A handy tool for financial management. Easy to set up, no maintenance or hardware costs.

Product Limitations: Importing and exporting data is not very easy. The Payroll module could use improvements.

Pros And Cons of Xero Accounting Solution

Pros

  • All in one, paperless record-keeping centralizes all your finances

  • Automated tools like bank reconciliation and invoice reminders save time

  • Easy setup with 90-day support from onboarding specialists

Cons

  • May not be robust for non-technical users

  • The invoicing system can be challenging to navigate

Frequently Asked Questions

Xero offers 24/7 email support.

Yes, Xero offers an API.

The software integrates with Paypal, Zapier, Stripe, Deputy Software, Simpro, and Projectworks.

Xero caters to small and medium-sized businesses across various industries like construction, retail and real estate. It is also used by accountants and bookkeepers.

Xero's user interface is available in English.

Xero offers three pricing plans: starter priced at $29/month, standard at $46/month, and premium at $62/month. Contact us for a customized Xero pricing quote.