What Is Xero?

Award-winning online accounting software designed for small business owners and accountants. Available on any computer or mobile device with an internet connection. Business finances and cashflow are updated in real time. Imports transactions from bank accounts. Unlimited user logins. Integrates with over 1,000 3rd-party business applications. Supports multiple currencies. Data is accessible through a single ledger, allowing accountants and clients to collaborate around finances.

Who Uses Xero?

All small and medium sized businesses and accounting & bookkeeping practices.

Where can Xero be deployed?

Cloud-based
On-premise

About the vendor

  • Xero
  • Founded in 2006

Xero support

  • 24/7 (Live rep)
  • Chat

Countries available

Australia, Brazil, Canada, China, Germany and 9 others

Languages

English

Xero pricing

Starting Price:

US$12.00/month
  • Yes, has free trial
  • No free version

Xero does not have a free version but does offer a free trial. Xero paid version starts at US$12.00/month.

get a free trial

About the vendor

  • Xero
  • Founded in 2006

Xero support

  • 24/7 (Live rep)
  • Chat

Countries available

Australia, Brazil, Canada, China, Germany and 9 others

Languages

English

Xero videos and images

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Features of Xero

  • "What If" Scenarios
  • ACH Payment Processing
  • Access Controls/Permissions
  • Accounting
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Alerts/Notifications
  • Approval Process Control
  • Approval Workflow
  • Asset Accounting
  • Automated Quoting
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Calendar Management
  • Case Management
  • Cash Management
  • Check Printing
  • Check Processing
  • Check Writing
  • Client Management
  • Client Portal
  • Compliance Management
  • Consolidation/Roll-Up
  • Contact Database
  • Contact Management
  • Contract/License Management
  • Core Accounting
  • Cost Tracking
  • Cross Ledger Posting
  • Customer Statements
  • Customisable Branding
  • Customisable Invoices
  • Customisable Reports
  • Data Import/Export
  • Direct Deposit
  • Discount Management
  • Document Management
  • Drag & Drop
  • Due Date Tracking
  • Dunning Management
  • Duplicate Payment Alert
  • Electronic Payments
  • Expense Management
  • Expense Tracking
  • Fee Calculation & Posting
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For AEC Industry
  • For Accountants
  • For Real Estate
  • For Religious Organizations
  • For Restaurants
  • For Schools
  • For Small Businesses
  • Forecasting
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Inventory Control
  • Inventory Management
  • Inventory Optimisation
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • Order Management
  • Overpayment Processing
  • Partial Payments
  • Payment Processing
  • Price / Margin Management
  • Pricing Management
  • Pricing and Cost Calculations
  • Product Identification
  • Profit/Loss Statement
  • Project Accounting
  • Project Management
  • Purchase Order Management
  • Quotes/Estimates
  • Real Time Data
  • Real Time Reporting
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring/Subscription Billing
  • Reimbursement Management
  • Remote Access/Control
  • Reorder Management
  • Reporting & Statistics
  • Reporting/Analytics
  • Requisition Management
  • Search/Filter
  • Self Service Portal
  • Shipping Management
  • Sourcing Management
  • Spend Management
  • Status Tracking
  • Supplier Management
  • Task Management
  • Tax Calculation
  • Tax Management
  • Template Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Transaction History
  • Trust Accounting
  • Vendor Management
  • W-2 Preparation

Xero Alternatives

Complete, out-of-the-box-desktop accounting software, with secure cloud and mobile access, for small & medium sized businesses.
QuickBooks is an end-to-end accounting software that can grow with your business.
Wave offers small business owners real double-entry accounting that is integrated with the rest of Wave's solutions, 100% free!
An easy invoicing and accounting solution starting at $7.50/mth (first 4 mths). Join 24 million people who've already used FreshBooks.
Sage Business Cloud Accounting is a simple yet powerful online accounting solution designed for small business owners. Learn more about Sage Business Cloud Accounting
Accounting tool that provides multi-monitor support and past due stamps through improved cash flow.
FreeAgent - Voted the UK’s #1 bookkeeping software and Client App of the Year 2021 at ICB Luca awards
Sage 100cloud is an ERP platform for growing and medium-sized distributors and manufacturers.
Data analysis solution that helps businesses manage spreadsheets, create graphs/charts, perform calculations, share projects, and more.

Reviews of Xero

Average score

Overall
4.3
Ease of Use
4.3
Customer Service
3.9
Features
4.2
Value for Money
4.2

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
John
John
Principal in UK
Verified LinkedIn User
Accounting, 2-10 Employees
Used the Software for: 2+ years
Reviewer Source

Easy to use and lots of additional features

5.0 3 weeks ago New

Comments: Good for our business and also for clients

Pros:

Easy to navigate and use on a daily basis

Cons:

More expensive than some but feel it is worth it

Simon
MD in UK
Accounting, 11-50 Employees
Used the Software for: 2+ years
Reviewer Source

Xero leads the way for cloud based accounting software for small to medium businesses

5.0 3 weeks ago New

Comments: Very good. It certainly seems to be market leader and for good reason.

Pros:

Although may not feature the type of reporting that would set it apart from competitors, it has good integration with other apps that can generally to the job. For accountants, the customer support is good enough. There is a large community so you can usually find the answer you need if you run into an issue

Cons:

Not every useful report is available. And may never get them if they arent on the roadmap. Only really found one strange issue around perpetual revaluing of forex that has not been resolved, and likely wont ever be. Its not critical, but would be useful.

Alternatives Considered: Quickbooks Online

Reasons for Choosing Xero: Sage 50 wasnt cloud at the time, its the only way you can work these days. Sage cloud service wasn't up to scratch back then

Switched From: Sage 50cloud Accounting

Reasons for Switching to Xero: Most advanced at the time

Samantha
Tech Lead in US
Computer Software, 11-50 Employees
Used the Software for: 2+ years
Reviewer Source

Simple AP Tool For Those Who Dont Use the API

3.0 2 months ago New

Pros:

Xero doesn't require much of a learning curve compared to Quickbooks

Cons:

We had a custom API integration and Xero never upgraded the API, which forced us to switch to another company that updated and iterated on their API

Faisal Shafi
Faisal Shafi
Financial Controller in Pakistan
Verified LinkedIn User
Financial Services, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source

Make Your Accounting Automated

4.0 last month New

Comments: Xero is cloud-based accounting software that connects banks, accountants, management, and advisors from anywhere with any device with active internet. It performs all accounting tasks from preparing ledgers, accounts receivable, accounts payable, financial statements to the management of payroll, taxation, bank reconciliation, and inventory. Online billing enables to send bill through email.

Pros:

Xero manages the whole accounting of business straight forward. Particularly automating the process of bank reconciliation is amazing time saver, it connects to banks and credit cards. Moreover, it effectively and easily integrates with other cloud based software which enhances usability of Xero.

Cons:

Process of bank reconciliation has been automated but the process got glitches causing bank feeds stopped and entity has to restore to importing bank statement manually which takes time and attempts more than once. Inventory management needs improvement. Customer support is not perfect comparatively. It is not user friendly for those who have little accounting knowledge.

Ibrahim
Ibrahim
internal auditor in Nigeria
Verified LinkedIn User
E-Learning, 11-50 Employees
Used the Software for: 2+ years
Reviewer Source

Xero is changing the landscape of cloud accounting

5.0 last month New

Comments: My experience with Xero can be described as fulfilling, it has simplified my workflow and saved me a lot of time and effort, I no longer spend long hours at the office. This has also impacted positively on my health. I would recommend this software to everyone.

Pros:

“It’s so clean to apply, even for non-financial human beings” My financial institution transactions are robotically connect to Xero so I don’t have to manually input them myself. I get my Financial statements the first week after the year end Another charming issue of this software is that it is a great idea if a corporation is unfolded across a couple of places with personnel operating in various locations. The accountants from every location can get admission to the financial data of all branches at any moment irrespective of their vicinity or time. As a world main provider of online accounting software program, Xero utilizes world-elegance cloud safety. Your data is appropriately saved in the cloud, and guarded from both Cyber criminals and perils like fire or flood.

Cons:

The expenses tracking can be formatted to allow multiply currencies to be easily uploaded in batches or real time. No integrated ‘Debtor Chasing’ function so companies will have to manually follow up on their unpaid invoices.