Xero Reviews, Ratings & Features 2023

The next time you invoice this customer using “classic” invoicing, this expense will be automatically added to the invoice. You can track the progress of your bills in the “bills to pay” page. Through this page, you can schedule your payments or set up a batch payment for multiple bills. There’s a learning curve with Xero, but using its basic features, such as invoices and bills, is easy. Even if you’re a complete beginner, you can understand most of Xero’s features after a few minutes of reading the help page, unlike FreeAgent .

• Xero has a well-designed user interface and layout that make complex accounting statistics easy to understand.
• It is excellent for businesses of all sizes, whether you’re a freelancer or startup, or a larger, more established company.
• Xero is available in many other territories, so a look at their website will reveal other costing changes, plus the price of several additional extras that boost its capabilities.
• However, if you run your accounting and budgeting processes on Google Sheets, Layer might be the better option and the easiest way to automate your existing workflows.

This influences which products we write about and where and how the product appears on a page. In terms of power, Xero is similar to, but slightly less powerful, than QuickBooks and Zoho Books. Xero’s accessibility and ease of use makes it similar to Wave and FreshBooks, though it’s significantly more advanced than those two. We use a rigorous software review process to create our unbiased, in-depth research. The Early plan is a great option for brand new businesses, sole proprietorships, and self-employed individuals.

Create Customized Reports for Your Financial Functions

If i could give https://bookkeeping-reviews.com/ stars for xero i would as the last email said they would look into my enquiery? The account system is ok and works but iti is no good if you cannot access it. Over the past several weeks i have sent Xero my name address orginal email address original phone number business name and bank name. Businesses that want immediate customer service capability over the phone. Businesses that want to ensure that payments are always sent and received promptly. If you have employees, you can integrate them into the system and set up payroll.

Xero uses double-entry accounting, but it’s mostly done behind the scenes. If a customer is not already in Xero, they can be quickly added by clicking on the New option in the customer field. Zoho Books’ paid plans all come with free live chat and phone support. Instead, customers can visit the Xero Central support site or raise a case online. A representative typically responds to a case within a few hours. Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings.

Xero products and plans

Check out our Xero review to see why we think it’s one of the best accounting programs out there. Simply put, every small business should have accounting software to help keep track of financial details throughout the year. Another great reason to use Xero is the timely customer support that it offers. With supportive and friendly customer support on a 24/7 basis, you can find the right solution to any problem that you may encounter while using the software. Since our business model is fairly simple and streamlined, it’s a perfect solution for reconciling the books and autogenerating the monthly expense reports. Other small business colleagues wait until the end of the month to see how the company is performing but with Xero, I can run that report at the click of a button at any time.

It’s also employee evaluation form templates for accountants to fix user errors in Xero, and there are built-in proper audit trails and safety checks. Even though Xero offers a tempting $9/month plan, the reality is that it’s too restrictive for anything but the smallest side hustles that need less than five invoices and bills per month. For companies that need more than the standard Xero and QBO reporting can offer, they can make use of add-ons and integrations with both apps. With Quickbooks, expenses functionality is built into all plans rather than offered as an add-on as with Xero.

The data from bills and receipts will be synced to Xero and matched to bank feeds. Xero online accounting is cloud-based, so there’s no need to download or install any program except Xero. Being cloud-based means it’s available on every device and any browser as long as you have an internet connection.

While the obvious lack of live support might not always be the best part of the overall package there is much to like with this service. If you take time to learn Xero’s ropes you’ll find that it soon starts to reward you by producing a comprehensive and slick picture of your business and its innermost workings. To its credit Xero does have quite a lot of help and support options at your disposal. There are handy built-in options that can get you around any minor issues you might encounter during setup. This is most notably handy thanks to the question mark up in the right-hand corner of the interface, which delivers and express-lane dialog box for solving many common queries. Install the Layer Google Sheets add-on before March 31st and get free access to all paid features.

It takes quite a while to explore all of the features it has to offer, but once you get acquainted with the software, Xero is fairly easy to use. Yes, you can, as Xero has Android and iOS mobile apps that allow you to access your account and manage your finances. Users like freelancers and small businesses can try Xero for 30 days before signing up for a subscription. However, accountants and bookkeepers can register in the Xero Partner program to get it for free. If your business isn’t offering accountancy services, you aren’t eligible for the free Xero account. Aside from those minor issues, the A/P management system is outstanding, easy to use, and comprehensive.

There’s excellent core functionality for processing invoices and payments as well as add-ons for projects, time tracking and expenses. Xero offers basic inventory management for retail businesses to track what they have in stock, add inventory to quotes and invoices, and report on what product lines are trending. Sources of information included in this review were gleaned from the company’s website and software demos.

This kind of flexibility may be daunting to new users, but the site offers good learning and helpful content. Internal working screens are clean and understandable, for the most part. For example, once you open the Sales overview and start working with its functions, you use standard conventions for data entry and navigation. Four buttons at the top open tools for creating sales transactions, sending statements, importing sales invoices, and searching for specific invoices and quotes.

How to Edit Accounts in Xero?

Xero is a robust cloud-based accounting solution with a lot of functions. Its features are easy to use, and they work well with each other. When creating your invoice, you can pick items from your inventory or add them manually. If the item you want to invoice is not in your inventory management list, you can also add them quickly through the “new invoices” page. If you use inventory tracking, the item quantity will be automatically updated when you invoice an item. You can set up the payment services you’d like to use for your invoices through the “settings” page.

On the other hand, we were disappointed to find out that Xero does not allow customers to call its support team on the phone, and it doesn’t offer a chat function either. We’re of two minds when it comes to reviewing Xero’s customer support network. On the plus side, Xero offers 24/7 support, which is a serious rarity in this industry. The ability to get support anytime you want is a big benefit for Xero, or at least it seems to be before you look into the details.

You’re our first priority.Every time.

You’ll also be able to accept payment via bank transfer or PayPal, and can connect any of your existing payment gateways through Xero’s open API. We interviewed professional bookkeepers who utilize Xero for their bookkeeping and financial services, and they had overwhelmingly positive feedback about the software. Graham Davies, the founder of Addition Finance, utilizes Xero and finds it flexible, scalable, and valuable due to its open API and wide range of third-party software application integrations. Graham noted that the platform works well to manage finances for companies across a range of industries, from startups to medium-sized businesses. Xero Bills allows you to see all of your outstanding bills and purchase orders in one place. With batching and scheduling payments, you can use Xero to manage your cash flow.

Another neat feature called Mileage tracking can come in handy if you or your employees are using a vehicle for work. You can download the Xero Expenses mobile app to submit expenses on the go. Xero offers 800+ integrations with third-party apps to help you run your business more efficiently.

For a long time, it was Intuit QuickBooks that almost had a monopoly on billing software for small business owners. The Xero software incorporates many advanced features that small and midsize businesses require, including the ability to generate clear reports on all aspects of their accounts. Xero accounting software is also built to integrate with more than 700 third-party elements, which we’ll go into in greater detail shortly. Want to drill down deeper into the efficiencies of your business? Xero offers simple time tracking functionality for logging time against specific projects and tasks, ensuring accurate invoicing. Via the Xero Projects app, you can create timesheets for monitoring work hours, thus enabling your business to invoice fully for all the hours your employees work.

The dashboard displays account balances along with links to reconciliation screens, which have been revamped and simplified. The dashboard also shows numbers and graphs representing outstanding invoices and unpaid bills, as well as total cash in and out. These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. Less scalable products are typically simpler, but diminished functionality can cause headaches down the road for growing businesses. We encourage you to research and compare multiple accounting software products before choosing one.

• Would really benefit from creating invoices with products and quantities on so that the sale can be tracked via the Xero Inventory feature.
• Xero now does something that I haven’t seen in another accounting application.
• You can edit your chart of accounts or enter manual journal entries in this area as well.

The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more. You can turn on Sales Tax Lookup in the Advanced Settings menu, and the application pulls in the correct rate based on the physical location of the customer. In most other small business accounting software, you have to find the rates yourself and enter them, making Xero much more convenient in this area. Xero Established gets its rates from Avalara, the gold standard for sales tax data solutions, so accuracy is assured. FeatureDescriptionPayroll With Gusto, a third-party payroll tool, you can manage your employees’ payroll. You’ll get the first 2 months free when you sync your Gusto account with Xero.HubdocHubdoc, which was acquired by Xero, enables the receipt capture and data entry abilities within Xero.