If you enter a contact’s account, system brings open documents to the top even if these are quotes which are no longer needed. Invoices, quotes, payments are then all muddled up together is it’s very hard to see what you want. However, they were not as comprehensive as what we found in our review of QuickBooks Online. Phone support is not available immediately; you must contact customer service first via email or live chat. Afterward, you may be directed to a phone-based rep for further assistance. Xero’s customer service scores 4.3 out of 5 on Trustpilot, with many users praising the fast response time.
- You’ll find that Xero is similarly sprightly if you choose to use its app-based editions, which are available for both iOS and Android devices.
- Read our 2024 Xero review to find out if it’s the right solution for your business.
- As an example, finance professionals like accountants and payroll managers have made more during COVID-19 than before the pandemic.
- For an additional cost, you can create a Xero platform tailored to your business needs by adding a Xero product or a third-party solution.
You’ll also see time and expenses, deadlines, tasks and the time spent on each, and a tool for adding expenses, including from bills. Xero offers apps with a wide range of functionalities from cash flow forecasting, to document management, and many more. You also need to link to any active payment services to your Xero account. With a larger variety of payment options, it is easier for customers to pay you.
Over 3.95 million subscribers use Xero
Xero does a fine job of mixing an enjoyable and modern-looking user interface with a huge collection of accounting features and functions. Xero doesn’t provide a phone number on its customer support page, but a representative will call you if necessary. This is a serious drawback if you want to be able to pick up the phone and talk through an issue or are new to accounting software and have lots of questions. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.
- Both software packages offer many features and integrations, but Xero is slightly less expensive and allows unlimited users.
- Xero is a robust accounting solution with sophisticated accounting features, ample reports, 800+ integrations, and unlimited users.
- Use simpler versions of Xero for small businesses and clients whose needs are more limited.
- Access all Xero features for 30 days, then decide which plan best suits your business.
- Unlike many other accounting applications, Xero does not base its pricing on the number of individuals who need access.
Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be able to make financial decisions with confidence. Xero tries to throw you as many bones as possible by adding a video or help article to the top of every page you open. If you need some extra assistance in finding features or understanding the software, Xero also offers a help center.
You’re our first priority.Every time.
Alongside all of this, you can access a “find and recode” tool from the accounting drop-down menu within the Xero dashboard. Through our testing, we found this tool is ideal for correcting errors or reviewing the work of your less experienced accounting staff members. You can recode contacts, accounts or tax rates in one fell swoop, improving the accuracy of your reconciliation.
Next Up in Business
The Early subscription is tailored for solopreneurs and business owners who are just getting started. You’re able to send 20 quotes and invoices per month, enter five bills, reconcile bank transactions, capture bills and receipts with Hubdoc and view a short-term cash flow and business snapshot. Business the strategic audit committee owners, freelancers and entrepreneurs often spend a large chunk of time on administration and accounting. Suited for small- and medium-sized businesses (SMBs), Xero is an affordable cloud-based accounting software system that streamlines these processes with plans starting at $13 per month.
Accounting software that helps small businesses using the cloud
International transactions can also be automatically converted based on the latest exchange rates, thus allowing you to see the impact of currency markets on your profit and cash flow. Another essential feature included in this plan is the app’s capability to capture bills and receipts using Hubdoc, Xero’s data capture tool. The purpose of Hubdoc is to reduce the manual data entry process by capturing all necessary information from bills and receipts and extracting and publishing all data in the Xero platform.
With digital copies on hand, it is easier to manage bills and financial statements and organize them by folders and by using tags. All captured documents are also automatically kept in cloud storage and file sharing systems like Dropbox. Xero’s reporting features allow you to easily compare your budgets against actuals and provide you with an accurate understanding of your business at any given time. You can also create several budgets, including regional budgets, in Xero. You can add data directly from these budgets to your profit and loss (P&L) statements.
You can easily create online invoices using Xero’s invoicing feature. Invoices can also be converted from the quotes you created for a particular job or project. The growth of businesses and freelancers in these industries amid a global crisis can be attributed to the rise in the demand for their services. But aside from getting help from professionals, small businesses can also benefit from having the right accounting tools that fit their needs and their budget.