Xero Inc

Xero

8.6 /10

87 Reviews Write a Review

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What is Xero?

Xero is a global online accounting system for small businesses and their advisors.

Company Details

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Awards & Recognition

Xero won the following awards in the Accounting - Small Business category

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2023 Data Quadrant Gold Medalist

Latest Award, 2023

5 Top Rated Capabilities

4 Top Rated Features

Latest Award, 2023

4 Top Rated Capabilities

3 Top Rated Features

2022

Xero Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Xero.

84 Likeliness to Recommend

93 Plan to Renew

1
Since last award

83 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

+86 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Xero?

3% Negative

5% Neutral

92% Positive

Pros

Reliable
Saves Time
Respectful
Transparent

Feature Ratings

Average 83

Accounts Receivable Invoicing

Expense Management

Reconciliation

Accounts Payable Purchase Orders

Dashboards, Analytics and Reporting

General Ledger Chart of Accounts

Cost Revenue Tracking

Cash Flow Management

Integration APIs

Project Accounting

Budgeting Forecasting

Vendor Capability Ratings

Average 81

Usability and Intuitiveness

Quality of Features

Ease of IT Administration

Ease of Implementation

Business Value Created

Ease of Data Integration

Breadth of Features

Vendor Support

Product Strategy and Rate of Improvement

Ease of Customization

Availability and Quality of Training

Xero Reviews

Bjoern F.

Role: Information Technology
Industry: Technology
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Apr 2021

overall good platform, easy to use but not perfect

Likeliness to Recommend

8 /10

What differentiates Xero from other similar products?

fresh style and different approach to common solutions that have been around for a long time

What is your favorite aspect of this product?

ease of use and simplicity for main business accounting needs

What do you dislike most about this product?

not much development going on to add new features and fix issues, seems more or less the same as 4 years ago

What recommendations would you give to someone considering this product?

it's a solid platform, but doesn't have everything, lots of add-ons available and fair pricing

Pros

Reliable
Enables Productivity
Trustworthy
Efficient Service

Alex H.

Role: Finance
Industry: Apparel
Involvement: Vendor Management and Renewal

Validated Review

Verified Reviewer

Submitted Mar 2021

Easy to use. Recommend to all businesses

Likeliness to Recommend

10 /10

What differentiates Xero from other similar products?

Ease of use. Only thing I’d say is it lacks management accounting properties as much as the others. But I don’t use this

What is your favorite aspect of this product?

Bank Feeds and easy reconciliation

What do you dislike most about this product?

That credit notes can’t be seen when reconciling a payment from the bank to an invoice

What recommendations would you give to someone considering this product?

How easy it is to use. We recommend all of our clients to this

Pros

Continually Improving Product
Reliable
Performance Enhancing
Enables Productivity

Alison H.

Role: Finance
Industry: Agriculture
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Mar 2021

Enjoyable & intuitive bookkeeping software

Likeliness to Recommend

7 /10

What differentiates Xero from other similar products?

The main difference that Xero offers from other similar products is their willingness to work with companies in the cannabis industry, as long as they abide by state regulations.

What is your favorite aspect of this product?

I liked the intuitiveness of the accounts payable tracking system. It was easy to break down due dates and track check payments.

What do you dislike most about this product?

The version of Xero that I was using made annual reporting difficult to complete. I had the sense that Xero was more of a bookkeeping software and less of a full-blown accounting system.

What recommendations would you give to someone considering this product?

Plan ahead and work with customer service agents to ensure that you have all of the tools needed for end of year reporting requirements.

Pros

Reliable
Performance Enhancing
Enables Productivity
Trustworthy

Xero

What is Xero?

Company Details

Need Assistance?

Awards & Recognition

2023 Data Quadrant Gold Medalist

Xero Ratings

84 Likeliness to Recommend

93 Plan to Renew

1 Since last award

83 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+86 Net Emotional Footprint

How much do users love Xero?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Accounts Receivable Invoicing Record of claims for payment for goods or services provided. Usually includes a customer invoicing capability

Expense Management Includes all aspects of expense forms design, completion, submission, limits and compliance, and reporting.

Reconciliation Functionality that ensures that two sets of records (usually the balances of two accounts) are in agreement.

Accounts Payable Purchase Orders Record of debts owing for an organization. Sometimes includes a purchase order capability

Dashboards, Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting, forecasting & easy data extraction for data analysis.

General Ledger Chart of Accounts The general ledger contains the organization’s accounts for recording assets, liabilities, revenue, and expenses.

Cost Revenue Tracking The process of recording, classifying, analyzing, summarizing, and allocating costs associated with a process

Cash Flow Management Includes income and expense tracking, as well as cash flow monitoring.

Integration APIs Ability of the software to interface with legacy and other third party applications.

Project Accounting Ability to track, report and analyse financial results and implications at an individual project level

Budgeting Forecasting Functionality allowing users to create and maintain budgets and develop forecasts, “what-if” scenarios, etc

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Xero Reviews

Bjoern F.

overall good platform, easy to use but not perfect

Likeliness to Recommend

Pros

Alex H.

Easy to use. Recommend to all businesses

Likeliness to Recommend

Pros

Alison H.

Enjoyable & intuitive bookkeeping software

Likeliness to Recommend

Pros

Most Popular Xero Comparisons

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1
Since last award

Feature Ratings

Accounts Receivable Invoicing

Expense Management

Reconciliation

Accounts Payable Purchase Orders

Dashboards, Analytics and Reporting

General Ledger Chart of Accounts

Cost Revenue Tracking

Cash Flow Management

Integration APIs

Project Accounting

Budgeting Forecasting

Vendor Capability Ratings

Usability and Intuitiveness

Quality of Features

Ease of IT Administration

Ease of Implementation

Business Value Created

Ease of Data Integration

Breadth of Features

Vendor Support

Product Strategy and Rate of Improvement

Ease of Customization

Availability and Quality of Training