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, SaaS, Web-based, Android (Mobile), iPhone (Mobile), iPad (Mobile)

About the vendor

  • Xero
  • Founded in 2006
  • 24/7 (Live rep)
  • Chat

Countries available

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

Languages

English

About the vendor

  • Xero
  • Founded in 2006
  • 24/7 (Live rep)
  • Chat

Countries available

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

Languages

English

Xero videos and images

Xero Software - 1
Xero Software - 2
Xero Software - 3
Xero Software - 4
View 4 more
Xero Software - 1
Xero Software - 2
Xero Software - 3
Xero Software - 4

Compare Xero with similar products

US$5.50/month
Free Version
Free Trial
N/A
Free Version
Free Trial
US$12.00/month
Free Version
Free Trial

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
  • Customizable Branding
  • Customizable Invoices
  • Customizable 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
  • Forecasting
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Inventory Control
  • Inventory Management
  • Inventory Optimization
  • 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
  • Payroll Management
  • Payroll Reporting
  • Price / Margin Management
  • Pricing Management
  • 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/Subscription Billing
  • Reimbursement Management
  • Reorder Management
  • Reporting/Analytics
  • Requisition Management
  • Search/Filter
  • Self Service Portal
  • Shipping Management
  • Sourcing Management
  • Spend Management
  • Status Tracking
  • Supplier Management
  • Tax Calculation
  • Tax Compliance
  • Tax Management
  • Template Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Transaction History
  • Vendor Management
  • W-2 Preparation

Xero Alternatives

Sage Business Cloud Accounting is a simple yet powerful online accounting solution designed for small business owners.
The #1 Accounting Software and Financial Management Solution. Built for Finance by Finance.
Sage 100cloud is an ERP platform for growing and medium-sized distributors and manufacturers.
Easy & affordable online accounting software for small businesses. From invoices to paying employees - you're covered for just $10/mth.
Cloud Inventory and Accounting Software specialising in large Inventories for small businesses. Australian owned and Supported
Cloud accounting practice software, with data entry wizard and corporate tax filing capabilities for filing of UK taxes.
FreeAgent has been voted the UK’s #1 accounting software for small business owners. (Accounting Excellence Awards 2020)
A single, cloud based solution for workforce planning, analysis and execution.
Ideal for small businesses & freelancers, the web-based billing solution helps send and accept payment invoices, manage expenses & more
MYOB Advanced business management software is tailored to mid-sized businesses & integrates real-time data across your entire business.
Business management solution that includes features for financial forecasting, supply chain optimization, and project planning.
Accounting tool that provides multi-monitor support and past due stamps through improved cash flow.
Accounting Power puts accountants back in control of client accounting and lets you offer highly profitable Client Accounting Services.

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
Salma J.
Salma J.
Accountant in US
Verified LinkedIn User
Financial Services, 10,000+ Employees
Used the Software for: 2+ years
Reviewer Source

Online accounting,billing and invoicing at breeze with Xero.

5 2 months ago New

Comments: Ease to create financial reports.
Billing and invoicing.

Pros:

It's a reliable tool that helps me to carry out all accounting and bookkeeping operations efficiently. I like the ability to track and manage expenses.

Cons:

There is nothing unpleasant with Xero as it meets all my accounting needs.

Mahnaz A.
Business Manager in Australia
Education Management, 51-200 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Xero use in a School

5 2 months ago New

Comments: Reconciliations are so much easier, integrating with other products is so much easier, there are so many apps which can easily integrate into Xero.

Pros:

Xero is very easy to navigate around and is user friendly. Even a non-finance employee is able to use Xero. The product is able to integrate seamlessly with a school management system importing invoices and contacts which are managed in the school management system. The integration is almost automatic and does not require a user to sync. AMAZING PLATFORM!

Cons:

Nil - Honestly there is nothing I dislike about Xero.

Amanda M.
accounting and admin in Canada
Food Production, 2-10 Employees
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

if you have bills and invoiced with a product list over 40 lines - this system is not for you

1 last month New

Comments: the concept is good the IT is not.

Pros:

It's easy to learn, very strait forward.

Cons:

when a bill or invoice is larger then 2 pages, if you save, you will not be able to edit, approve or print. also putting in a ticket for a fix is completely useless the responding staff care and are friendly- but the problem does not get fixed. I've put in several tickets. I've always had to find a work around, no one has ever fixed my problem

Andrew W.
Creative & Managing Director in Australia
Marketing & Advertising, 11-50 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Xero makes finance so easy

5 2 months ago New

Comments: Since starting with Xero over six years ago, we couldn't be happier. We've centralised all our financial activity into one platform, which is great for non-finance people like myself!

Pros:

Xero makes managing the finances for a business really straightforward. The user interface is intuitive and it centralises all my accounts information. One of my favourite features is the the dashboard, which is clear and customisable, and gives a great summary of the position position at any time. The software also integrates really well to other platforms for things like receipt capture and detailed business analysis.

Cons:

I'm really happy with how it performs, however, our bookkeeper still does some levels of manual reporting, which he finds easier in Excel, than in Xero. The integration of BA tools does negate this issue.

Zsolt S.
marketing manager in Hungary
Health, Wellness & Fitness, Self Employed
Used the Software for: 6-12 months
Reviewer Source

Would be perfect with a few tweeks.

5 2 months ago New

Comments: It is still good, better then Kashflow which is like from 1780. Or at least it feels like it is. It has great feautures that need tweeking. And it is also recognized worldwide which is so good. Collecting feeds from all the cards is good.

Pros:

What I like most is that it has access to realtime feeds from all the company accounts. This is futuristic stuff in my country of Hungary. But I can look at all my balances and see if I have enough money for a purchase or not.

Cons:

It doesn't really handle subscriptions well... and you guessed, it, I sell subscriptions. What is the least favorite part is the reconciliation. I sell the same thing, many times (as you do with subscriptions) and there is no way that I found where I do not have to take the so many hours of reconciling everything manually. So there might be automatic invoicing (which I couldn't really use) and manual reconciliation. There is no such thing as group reconciliation: All the parties that bought in May for 10 usd should be reconcilied one '10 usd' invoice for may. That would save so much time. Xero, please do that. I also hate that products are mandatory. If a client orders something, in a new combination, or asks for a penny discount it is a new product. Why cannot I just invoice John for 14.57 dollars, why do i need to add the 14.57 product? I understand you are trying to be smart, xero, but please keep the dummy functions. I am a dummy. I need them. Lastly, according to my current knowledge, it does not integrate with payment providers like stripe or braintree without zapier - which is another subscription cost. Here I want to cut Xero some slack, it is not only their fault, but the payment provider's fault as well, and I am in deep conversations with them on what can we do.