Xero Inc

Xero

8.7 /10

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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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2024 Emotional Footprint Champion

Latest Award, 2024

2023 Data Quadrant Gold Medalist

2023

5 Top Rated Capabilities

4 Top Rated Features

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.

85 Likeliness to Recommend

1
Since last award

94 Plan to Renew

84 Satisfaction of Cost Relative to Value

1
Since last award

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Emotional Footprint Overview

+88 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

3% Neutral

94% Positive

Pros

Reliable
Saves Time
Respectful
Trustworthy

Feature Ratings

Average 84

Accounts Receivable Invoicing

Accounts Payable Purchase Orders

Expense Management

General Ledger Chart of Accounts

Reconciliation

Dashboards, Analytics and Reporting

Integration APIs

Cost Revenue Tracking

Cash Flow Management

Project Accounting

Budgeting Forecasting

Vendor Capability Ratings

Average 82

Ease of IT Administration

Usability and Intuitiveness

Ease of Implementation

Quality of Features

Ease of Data Integration

Business Value Created

Breadth of Features

Vendor Support

Ease of Customization

Availability and Quality of Training

Product Strategy and Rate of Improvement

Xero Reviews

Charles M.

Role: Information Technology
Industry: Media
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Sep 2023

Organizes the accounting of our entire company

Likeliness to Recommend

10 /10

What differentiates Xero from other similar products?

In the vast majority of nations, Xero offers live streaming with lenders, so you don't have to worry about missing any financial transactions. Aside from the issues discussed in this review, my reason for upgrading this product is that Xero's usability and the constant updates offered by the company make the software even easier for businesses. So, the software generates brand devotion among consumers.

What is your favorite aspect of this product?

Xero relates admirably to the totality of its add-ons. To illustrate, an add-on called Receipt-Bank, this program automates expense payments by extracting the fundamental information from your payment voucher, then sends it to Xero, where a business professional will approve and charge it to you. With Xero's outstanding mobile app, you have the capacity to keep track of your earnings and payments, no need to sit in front of a computer to do so.

What do you dislike most about this product?

Xero can likewise increase freedom and tools with respect to annual accounts, which would result in more freedom and possibilities for altering common balance sheet layouts, form and presentations. It may take a bit of time for people in the rest of the planet to adapt the output of Xero to the needs of their local government.

What recommendations would you give to someone considering this product?

Across the organization, Xero is used as an accounting and finance tool, i.e. Futurebooks. With Xero, we can keep track of our users' billing account, as well as all the expenses we have made. Xero is increasingly being used to generate future strategies for the company, since the different financial statements that are generated from Xero give a very clear, brief and readable explanation of the financial position of Futurebooks.

Pros

Helps Innovate
Performance Enhancing
Efficient Service
Inspires Innovation

Dominik B.

Role: Operations
Industry: Finance
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Aug 2023

very efficient and feature rich

Likeliness to Recommend

10 /10

What differentiates Xero from other similar products?

integration with banks, other software and unique hubdoc software developed by xero that we use every day

What is your favorite aspect of this product?

hubdoc for managing invoices

What do you dislike most about this product?

payroll and holiday management system - needs more features and customisation

What recommendations would you give to someone considering this product?

definitely consider this option but carefully review what payroll options you require

Pros

Helps Innovate
Reliable
Performance Enhancing
Enables Productivity

Jogendra Singh R.

Role: Finance
Industry: Finance
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Jul 2023

Simple to use.

Likeliness to Recommend

9 /10

What differentiates Xero from other similar products?

Easy to use and great service.

What is your favorite aspect of this product?

Shortcut keys and useful features.

What do you dislike most about this product?

Nothing such.

What recommendations would you give to someone considering this product?

Small business must try this.

Pros

Helps Innovate
Continually Improving Product
Reliable
Enables Productivity

Xero

What is Xero?

Company Details

Book a Free Demo Today!

Awards & Recognition

2024 Emotional Footprint Champion

2023 Data Quadrant Gold Medalist

Xero Ratings

85 Likeliness to Recommend

1 Since last award

94 Plan to Renew

84 Satisfaction of Cost Relative to Value

1 Since last award

Emotional Footprint Overview

+88 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

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

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

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

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

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

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

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.

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

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

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.

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.

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

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.

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.

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.

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.

Xero Reviews

Charles M.

Organizes the accounting of our entire company

Likeliness to Recommend

Pros

Dominik B.

very efficient and feature rich

Likeliness to Recommend

Pros

Jogendra Singh R.

Simple to use.

Likeliness to Recommend

Pros

Most Popular Xero Comparisons

Quickbooks Online

Zoho Books

FreshBooks

Wave

TallyPrime

Sage Business Cloud Accounting

1
Since last award

1
Since last award

Feature Ratings

Accounts Receivable Invoicing

Accounts Payable Purchase Orders

Expense Management

General Ledger Chart of Accounts

Reconciliation

Dashboards, Analytics and Reporting

Integration APIs

Cost Revenue Tracking

Cash Flow Management

Project Accounting

Budgeting Forecasting

Vendor Capability Ratings

Ease of IT Administration

Usability and Intuitiveness

Ease of Implementation

Quality of Features

Ease of Data Integration

Business Value Created

Breadth of Features

Vendor Support

Ease of Customization

Availability and Quality of Training

Product Strategy and Rate of Improvement