Overview
Xero can be installed on any computer or mobile device. It helps you update your finances and cashflow in real-time. Apart from that, you can import transactions from other bank accounts, integrate with other 3rd party business applications, and use unlimited user logins. It supports multiple currencies and acts as a single accounting platform where businesses can build a complete solution.
The data can be accessed through a single ledger, thus allowing accountants and clients to collaborate. This software can connect the businesses with their bank, accounting tools, payment service, and third-party apps making everything available at any time or on any device.
Manage your cash flow with Xero to make your billing accounting trouble-free. Stay informed about your due bills for payment, organize payments and batch pay suppliers. Paying multiple bills in just one transaction consumes lesser time on business admin. Say no to late payment fees and improve relationships with your distributors through on-time bill payments. Go for paperless book-keeping by email allocation of all the bills at one place and register them directly to your Xero inbox.
Now generate and send customized proficient invoices to your customers using Xero. Set your own payment conditions to stand out in the market as a brand. Manage your payments on time without a miss through automated payment reminders. Keep a track on your customers whether they received the invoice and made the payment. Provide online payment alternatives to your customers for easy reach. Option “Pay Now” on invoices directs your customers to make the payment through credit card, debit card or PayPal for speedy payments.
Xero is a cloud-based accounting solution developed to streamline business processes like bill payments, expense claims management, invoice creation etc.
Users can access Xero’s main hub online that helps business owners to manage workforce and client data.
Xero offers Practice Manager tools to manage jobs, determine tasks and track time. You can establish high integration between Xero and external systems. Connect it to your bank accounts for automated transaction feeds. Xero is majorly trusted by small business owners, bookkeepers and accountants.
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Features
- "What If" Scenarios
- Cash Management
- Forecasting
- Income & Balance Sheet
- Consolidation/Roll-Up
- General Ledger
- Multi-Company
- Profit/Loss Statement
- Data security
- Pay bills
- Payment processing
- File & transaction storage
- Convert from QuickBooks
- Customer & supplier tracking
- PayPal & Stripe payments
- Depreciation & disposal
- Cash coding
- Manual journals
- Repeating journals
- Inter-company funds transfers
- Files attachments
- Automatic updates
- Bulk imports
- Keyboard shortcuts
- Ad hoc reporting
- Assignment management
- Automatic backup
- Balance sheet
- Charting
- Smart lists
- 401(k) Tracking
- Access Controls/Permissions
- Accounts Payable
- Accounts Receivable
- Accrual Accounting
- Activity Tracking
- Alerts/Notifications
- Approval Process Control
- Approval Workflow
- Asset Accounting
- Asset Tracking
- Audit Trail
- Automated Quoting
- Bank Reconciliation
- Billing & Invoicing
- Billing Portal
- Collections Management
- Compliance Management
- Contact Database
- Contingency Billing
- Contract/License Management
- CPA Firms
- Customizable Invoices
- Dunning Management
- Expense Tracking
- ACH Payment Processing
- Activity Tracking
Specifications
- Deployment: Cloud Based, Web Based, SaaS Based, iPhone / iPad, Android
Training
- In Person
- Live Online
- Webinars
- Documentation
Xero Users
Available Support
- Live Support
Language Support
- English
Company Details
Company Name: Xero
Headquarter: New Zealand
Full Address:
Reviews
Professional double entry software at a very affordable price Accommodates both cash and accrual accounting Links to financial institutions to get transactions Uses standard importer recognized by the financial institutions instead of just trying to log in remotely (and triggering fraud alerts) Can match multiple invoices to a single deposit transaction imported from bank Can keep using Xero as company grows
Xero is accounting software that just works. I have used so many different platforms, and Xero has been the easiest and most reliable software I have found.
I loved how easy it was to integrate XERO with my bank accounts and Paypal. XERO seamlessly connected and kept my balances up to date. I also liked how easy it was to invoice clients and connect invoices to Paypal or Stripe.
Easy to use, easy to input data and there’s often little popup boxes to explain what elements are. It’s cloud managed, so no need to download any software or store anything locally.
It has a very good dashboard. Setup Process is also very easy and Invoicing is the best feature as we can easily create invoices also its a double entry accounting software which is very good . Bank reconciliation part has also solved many accounting problems. Also I like that It is a cloud based software so we can access it from anywhere.
Xero’s platform is extremely easy to setup and navigate but still has all the features you need without being so robust that it’s slow to navigate. You can integrate so many softwares through their open API and adjustments are a breeze. You can add various user levels to share the file with business owners and CPAs or members of the team who may just need access to one portion like AR/AP.
What I like most about Xero is its open-platform ethos. It’s not one particular feature, it’s the whole way that Xero approaches what it does, and it shows up all over the product. One small example is how easy it is to manually import bank transactions via CSV file, and then how easy it is to undo that import if it went wrong. It’s less about features (although Cash Coding and Find & Recode are brilliant) and more about design choices.
Ease of use – seriously. Nothing comes close. And trust me, I’ve tried a number of accounting software and they’re all a nightmare to use unless you’re an accountant.