Xero Guide – Read our In-Depth Xero Review

Xero is a fully functional Accounting software platform.

This Xero review has been updated for 2021 by industry experts with years of business software experience in development, implementation and use.

We have collated thousands of datapoints for all of our Accounting software reviews.

This Xero review contains the latest information about Xero.

If you're looking for new Accounting software then so many facts may be perplexing for you. Finding new Accounting software requires expert analyzing skills and comprehensive understanding. You'll need to fully understand what each piece of Accounting software can do to ensure it is a good fit for your business. For starters, you have to select the ideal Accounting software provider who'll be clear with you constantly.

In this fast-paced universe of business software, you will need advice to make correct decisions. Xero is just one such piece of Accounting software which will enhance your business. It's crucial to understand all about Xero before you invest your cash in their software.

Our entire Xero Review covers all you need to know about their Accounting software. A fantastic piece of Accounting software can ease multiple burdens within a business and give you positive ROI. If you would like to earn a good return on investment, you must use Accounting products that contrasts with your business needs.

There is no sure-fire way to guarantee a good ROI; thus, you should carefully assess any new Accounting software before you select them. It is a frequent misconception that all Accounting products are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your business backwards.

Xero Ltd is a provider of accounting software which has found its way successfully over the years and provides one of the best Accounting software on the market. Within this review, we've tried to collate a number of the vital aspects of Xero. This review will help you to know whether software from Xero Ltd is a fantastic fit for your business or not. We have attempted to breakdown all the qualities and fees for your advantage.

Xero Ratings

Xero Overall Rating
86%
Xero Ease Of Setup Rating
80%
Xero Ease Of Use Rating
87%
Xero Support Rating
75%

How To Choose The Best Accounting Software For Your Business

When choosing whether Xero is the most appropriate accounting software for your business there are 5 things to consider and do to make the right choice:

  • Decide what you need to achieve from using Xero
  • Does Xero achieve your needs as a full Accounting platform?
  • Fully understand the Xero accounting platform and toolset. Do the Xero tools and resources align with your business needs?
  • Decide the budget available to implement a new Accounting solution and does the solutions from Xero offer the features you need within the budget.
  • Register for a account with Xero. Ask for a callback and demo to finally check that the software is right for you.
  • Xero Review – Company Overview

    Full Company Name Xero Ltd
    Website URL http://www.xero.com
    Xero Ltd Phone Number None
    Year Founded 2006
    Xero Ltd Address Wellington, New Zealand
    Xero Ltd Employees (As per LinkedIn) 3,011
    Revenue $295
    Ownership NZE: XRO
    Xero Ltd Twitter Handle @Xero
    Xero Ltd Twitter Followers 74,197
    Xero Ltd LinkedIn https://www.linkedin.com/company/50780/
    Main Software Features Reconciliations - Accounting, AR Automation - Accounting, Performance and Reliability - Accounting,

    Xero Pricing & Costs

    Premium 10

    $70 per month

    Standard

    $30 per month

    Starter

    $9 per month

    What is Xero?

    Xero is a fully functional piece of accounting software provided by Xero Ltd and is targeted for small to enterprise sized businesses.

    Xero Ltd was founded in 2006 in Wellington, New Zealand.

    Share access to your latest business numbers with your team and your accountant so everyone is up to speed with Xero. From work, home or on the go.

    Xero Free Trial

    Xero does not offer a free trial.

    While creating this Xero review we found that it offers a lot of advanced accountingfeatures with its paid plans. You can learn more about some of the Xero Accounting features further on in this Xero review.

    Is Xero The Best Accounting platform available?

    Accounting suppliers range from one man bands to giant multinationals; There is a whole lot out there. But, when it comes to choosing a Accounting solution, there are several considerations that you must factor in. In order to ensure that Xero is the best Accounting solution to your small business, check out our guide below.

    Xero Features

    Xero provides professional accounting festures like Reconciliations - Accounting, AR Automation - Accounting, Performance and Reliability - Accounting,

    Xero Review - General Ledger Features & Rating

    General Ledger Features Rating
    Journal Entries
    85%
    Tags / Dimensions
    82%
    Audit Trail
    85%

    Xero Review - Accounts Receivable Features & Rating

    Accounts Receivable Features Rating
    Invoice Customization
    88%
    Collections Automation
    84%

    Xero Review - Accounts Payable Features & Rating

    Accounts Payable Features Rating
    Payment Processing
    87%
    Purchase Orders
    87%

    Xero Review - Other Functionality Features & Rating

    Other Functionality Features Rating
    Inventory Tracking / Ordering
    79%
    Inventory Pricing and Costing
    80%
    Inventory Reporting
    84%
    Multi-Entity / Consolidation
    80%
    Recognition Rules
    85%
    Reconciliations
    91%
    Payroll
    77%
    Time and Expense
    79%

    Xero Review - Reporting & Analytics Features & Rating

    Reporting & Analytics Features Rating
    Financial Statements
    88%
    Custom Reporting
    86%
    Dashboards
    88%

    Xero Review - Platform Features & Rating

    Platform Features Rating
    Customization
    77%
    Workflow Capability
    80%
    User, Role, and Access Management
    87%
    Internationalization
    82%
    Performance and Reliability
    89%
    Output Document Generation
    88%

    Xero Review - Integration Features & Rating

    Integration Features Rating
    Data Import and Export Tools
    83%
    Breadth of Partner Applications
    83%

    Xero Review - Cash Flow Features & Rating

    Cash Flow Features Rating

    Xero Review - Budgeting & Forecasting Features & Rating

    Budgeting & Forecasting Features Rating

    Xero Review - Revenue Features & Rating

    Revenue Features Rating

    Alternatives To Xero

    Looking for an alternative to Xero? Tons of companies want accounting software to help with business goals. What's challenging is finding out whether or not the software you choose is right for you. We have compiled a list of accounting software that our reviewers voted best overall compared to Xero. Based on thousands of datapoints, you can see how Xero stacks up to their competitors, and find the best fit for your needs.

    The Top 20 Xero alternatives are listed below

    Basic Bookkeeping

    Overall rating 100%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Basic Bookkeeping

    Basic Bookkeeping was founded in 1987 in Crownsville,USA.

    accounting system that is specifically designed for small and home based businesses. This single entry accounting system is very straightforward and avoids financial jargon so you don't need to be an accountant to understand and use the program.

    Bloomberg Income Tax Planner

    Overall rating 84%
    Setup Rating 58%
    Ease Of Use Rating 77%
    Support Rating 83%
    About Bloomberg Income Tax Planner

    Bloomberg Income Tax Planner was founded in 1929 in Arlington, VA.

    Bloomberg Income Tax Planner is a tax planning software solution that manages time, accuracy and more while streamlining the tax planning process and managing your clients' tax burden

    CashManager Accounting Software

    Overall rating 86%
    Setup Rating 50%
    Ease Of Use Rating 94%
    Support Rating 40%
    About CashManager Accounting Software

    CashManager Accounting Software was founded in 1992 in Auckland, New Zealand.

    CashManager is an accounting software designed for easy control of all personal and business finances. It offers features such as bank reconciliation and customer invoicing.

    Reviso

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Reviso

    Reviso was founded in 2001 in London, United Kingdom.

    Reviso is a cloud based accounting platform for small businesses.

    SimpleBooks

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About SimpleBooks

    SimpleBooks was founded in 2016 in Colombo, Sri Lanka.

    SimpleBooks keeps track of accounts sending clean income statement and balance sheet every single month.

    Openmiracle

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Openmiracle

    Openmiracle was founded in 2012 in Cochin,India.

    Openmiracle is a free and open sources accounting software.

    CXpro

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About CXpro

    CXpro was founded in 1999 in Taringa, Australia.

    Built for small to mid sized organisations, CXpro makes inventory and financial management easier and more efficient for wholesale, retail and service based businesses.

    AccountingBox

    Overall rating 70%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About AccountingBox

    AccountingBox was founded in 2014 in Hengelo, Netherlands.

    AccountingBox is an bookkeeping and accounting solution for business and entrepreneurs.

    Zivora

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Zivora

    Zivora was founded in 2018 in Sydney, Australia.

    None

    Adagio Accounting

    Overall rating 94%
    Setup Rating 50%
    Ease Of Use Rating 89%
    Support Rating 100%
    About Adagio Accounting

    Adagio Accounting was founded in 1984 in Vancouver, Canada.

    Adagio Accounting is a complete multi-location stock management and control system that tracks purchases, receipts, shipments, returns, and adjustments.

    ABS for Windows

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About ABS for Windows

    ABS for Windows was founded in 1987 in Albany, United States.

    ABS for Windows is a Windows based system with GL, AP, AR, PR, the point of sale, order/inventory, bank reconciliation and e-commerce.

    MRPeasy

    Overall rating 100%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About MRPeasy

    MRPeasy was founded in 2000 in Tallinn, Estonia.

    Manufacturing resource planning software for small and midsize manufacturers

    Core Financials

    Overall rating 86%
    Setup Rating 50%
    Ease Of Use Rating 100%
    Support Rating 40%
    About Core Financials

    Core Financials was founded in 1998 in Edina, MN.

    SBS Financials Suite automates and streamlines financial operations.

    Flexi

    Overall rating 88%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Flexi

    Flexi was founded in 1992 in Shelton,United States.

    Delivers tremendous benefits to finance teams, including a faster, more accurate financial close.

    Priority Zoom

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Priority Zoom

    Priority Zoom was founded in 1986 in Rosh HaAyin, Israel.

    Priority Zoom provides small businesses with up to 10 users with an integrated, comprehensive, easy and accessible solution to effectively manage their business

    BanhJi

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About BanhJi

    BanhJi was founded in 2016 in Phnom Penh, Cambodia.

    BanhJi is a localized accounting platform, built for ASEAN SMEs' industry-specific needs.

    LedgerLite

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About LedgerLite

    LedgerLite was founded in 1991 in Christchurch,New Zealand.

    LedgerLite is an shareware accounting system for any organization that needs a general ledger or cashbook.

    Portolan Accounting EVM

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Portolan Accounting EVM

    Portolan Accounting EVM was founded in 1990 in Heilbronn, Germany.

    PORTOLAN EVM helps to keep financial control especially in terms of legal reporting, tax treatment and payments.

    SYMPAQ SQL

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About SYMPAQ SQL

    SYMPAQ SQL was founded in 1982 in Rockville, United States.

    SYMPAQ SQL is a FAR-compliant cost accounting system that enables unmatched flexibility for the reporting of activities.

    PS Financials

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About PS Financials

    PS Financials was founded in 2001 in Cambridge,England.

    PS Financials is a leading multi-currency, multi-dimension, unified ledger system.