Xero accounting software uk reviews

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The reporting tools are excellent, and the ease of use is so logical and straightforward, that it’s simple l to self-teach even for a beginner. On top of that. Xero (opens in new tab) is cloud-based accounting software that packs a real punch when it comes to features and functionality.
 
 

Xero accounting software uk reviews. Xero Review

 
Sep 08,  · In addition, if you want to connect Gusto to your Xero account, you’ll need to pay for this integration. As we mentioned earlier, the Gusto regular payroll pricing starts at $39 per month, plus $6 per month per employee. 3. Xero Accounting Established Plan. Xero’s dashboard is not bulky or overwhelming like a significant number of other accounting software tends to be. Xero’s help manuals and tutorials were also very useful and are great for helping users quickly refamiliarize themselves with the software. Xero worked well for my law firm for IOLTA (Lawyer Trust Account) reconciliation purposes. Dec 01,  · The Bottom Line. Accounting service Xero has very good tools for reconciling accounts, tracking project, and managing sales and purchase transactions. Recent improvements to its setup process and.

 

– Xero Review – The Best Accounting Software For You?

 
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Xero accounting software uk reviews.Xero accounting software review

 
 

Every accounting product I’ve reviewed has its own navigation system. I have yet to see one that doesn’t work to some degree. In Xero, tabs run horizontally across the top, dividing the site into functional groupings: Dashboard, Business, Accounting, Projects, and Contacts.

Click on your company name in the upper left to access settings and other housekeeping tasks. The Business menu is where you’ll spend most of your day-to-day work time. It houses several subfunctions, such as Invoices, Bills to pay, and Products and services.

Once you learn your way around, you’ll remember where to go to access specific tools and data. Still, I’ve never found the groupings of features in the main navigation menus to be particularly intuitive.

For example, once you drill down into the sales overview, you use standard conventions for data entry and navigation. Four buttons at the top open tools for creating sales transactions, sending statements, importing sales invoices, and searching for specific invoices and quotes. Below that is information about your invoices. Big buttons show you the number and dollar total of invoices in draft form, those awaiting approval and payment, and your overdue sales transactions.

Quotes work the same way. You can see at a glance which quotes are in draft form, sent, accepted, declined, and invoiced. Some other accounting sites work similarly, making it easy to see the status of your transactions. Click on Awaiting Payment under Invoices, and a new window opens displaying a table of the related transactions.

While you’re there, you can toggle among tabs representing their different statuses. Buttons at the top of the page take you to screens where you can create new invoices or credit notes; send statements; and import or export invoices in CSV format.

Xero uses similar navigation schemes throughout the site, providing both access to data and links to related actions. It does a good job of providing different views of your financial data and the navigation tools needed to work with them. Which accounting app has the best, most effective user experience, then? The answer is clearly subjective, but some people will pick Xero for its no-nonsense, economical approach.

One downside is that readability is sometimes an issue because of light type and small fonts. I prefer QuickBooks in this regard. It makes better use of screen space than its closest competitors and minimizes confusion with its intuitive design.

Another area where you’ll do a lot of work, especially at first, is Contacts. Here, you create records for your customers and suppliers that contain both contact information and thorough financial details. When you click the Contact tab and choose from Customers or Suppliers or All Contacts, you see a list of all your contacts that have been created so far, along with totals for what you owe them or what they owe you.

It’s a nice opening page. Click the New Contact button and the empty record template opens. You can enter extensive contact information and financial details like default settings and accounts, currency, and due dates.

Xero offers a customer credit limit and blocking tool. Once customers have reached their credit limit, the blocking tool prevents you from approving or sending invoices until they’re within their limit again. Once you’ve saved a contact record, its own home page displays related activity front and center, for example, pending and historical bills and purchase orders. The primary contact information appears to the right You can also create new transactions from this page.

In contrast, QuickBooks Online’s customer and vendor records are more comprehensive. They let you store more preferences, like preferred payment and delivery method, language to use in forms, and so on.

Its record templates also display data more economically, using tabs to access hidden details. Xero provides record templates for your company’s products and services with fields for information price, account, description, and so on about products you buy and sell. Then, it begins tracking inventory in the background. You can import opening inventory balances or enter them manually and adjust inventory levels. Overall, the site’s inventory management features are not as advanced as those of Zoho Books, and its record templates are not as thorough as QuickBooks Online’s.

You can’t, for example, set a reorder point, though the product records display the number in committed quotes and on order. The site supplies templates for just about every type of transaction that a small business would need, including invoices and repeating invoices, quotes, bills which can be emailed into Xero as PDFs, with some of their details automatically transferred to a draft form , purchase orders, and credit notes. Each contains the standard fields you’d expect, including quantity, price, discounts, and sales tax status.

Xero introduced a new invoice form a few years ago, and it seems complete now, though the Classic version is still available. This new form should speed up the customer billing process because of its smart simplicity, besides being more aesthetically pleasing.

It looks more state-of-the-art and less cluttered, and unlike Classic, it auto-saves your work every few seconds. It contains all the fields and columns found on the old version, which you can choose to show or hide.

Links in the upper right take you to housekeeping tasks like approving the invoice, previewing it, and printing a PDF. Click on the three vertical dots at the end of each line to edit the inventory item’s record, or create one if you want to add a new one, or remove the line’s contents.

You can also access invoice settings from here, which are thorough. They include a modifiable branding theme, default settings, and invoice reminders. Xero introduced a new expense-tracking system not too long ago. The Expenses tool provides a better user experience, enhanced functionality, and more flexible user permissions.

When you’re working on your desktop or laptop, you can create an expense record—even one using a foreign currency—specify an account, assign it to a project or customer, add labels, and optionally upload an image. Xero’s expense forms are less detailed than QuickBooks Online’s. They lack fields for payment method and payment account, for instance, and you can’t add sales tax to the browser-based form.

What you can do, however, is assign the expense to either a company bank account you’ve set up, which would be non-reimbursable, or a personal account, which would be reimbursed. Another option lets you get paper expense receipts into Xero. The company acquired HubDoc in and has maintained a tight integration with it. The service is just what it sounds like, a central hub for many of your financial documents statements, invoices, bills, and receipts. When you set up online connections to your financial institutions and suppliers, HubDoc automatically pulls in documents and reads some of their data, like date and amount, and enters it on HubDoc forms based on rules you specify.

Promotional discounts may apply. Xero lets new customers sign up for a day free trial to test out its features. Automated bill and receipt capture with Hubdoc. Reconcile bank transactions and set up online bank feeds. All features in the Early plan, plus:.

Unlimited invoices, quotes and bill entries. Ability to bulk reconcile transactions. All features in the Growing plan, plus:. Project tracking tools for recording time and breaking down job costs. Advanced analytics tools for predicting future cash flow, up to 90 days ahead.

With Xero, you can add an unlimited number of users to your account at each subscription level. This is a notable feature for accounting software; often, lower-tier plans allow fewer users while only higher-tier plans allow unlimited users.

You can also set permission levels for each user. To keep things organized, Xero logs every action users make and compiles the history of every transaction.

Xero helps transform the data you enter into actionable information at every subscription level. Another page dedicated to short-term cash flow charts out how future bills and invoices can affect your bank balance over the next week. Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings. Businesses that need to keep count of items can do it within Xero, instead of integrating with and paying for a third-party inventory tracking app.

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. In the Early plan, the least expensive subscription, you can send up to 20 invoices and schedule up to five bill payments only. That can be limiting, even for freelancers and sole proprietors. For unlimited invoicing and bill-paying capacity, you’ll need to upgrade to the Growing plan.

FreshBooks offers unlimited time-tracking in its lowest-tier Lite plan, whereas Xero users would have to opt into the highest-tier Established plan for that feature.

QuickBooks Online. As the industry standard, QuickBooks Online is ideal if you have a growing business with specific accounting needs — as long as you don’t mind taking the time to learn the program’s ins and outs. Like Xero, it can easily scale with your business. Sage 50cloud. The tool also lets you adjust the time frame to see how your business has changed over time. This can be overcome by locking down periods, one just has to remember to do this though. The capital development expenditure and size of Xero simply mean that it is outpacing other software in terms of speed of development, effectively future-proofing our practice.

Industry: Computer Software. Xero has streamlined our operations, and simplified our record keeping, and notification of when bills are due for payment or invoices due for collection. The dashboard is fantastic for an overall picture. The reporting tools are excellent, and the ease of use is so logical and straightforward, that it’s simple l to self-teach even for a beginner.

On top of that when you have any questions the how-to guides are thorough in themselves, and support is excellent and very quick to come back to you with an in depth answer. The ease of use is fantastic, and a beginner is able to self-teach quite easily with the fantastic guides and webinars that are available from Xero.

The support is also exceptional and I have always had my queries answered in great detail and very quickly. My main issue was that I would like to be able to create different delivery addresses on invoices that have one invoice address but different delivery locations, as it’s important to specify. To workaround we write it in the body of the invoice, however with previous systems we have been able to enter multiple delivery addresses, for one invoice address and select the required one each time.

We watched several comparison videos but it was the ease of use that sold us. I had used Sage and Zoho books in the past and knew that I didn’t want to use either of them again, and I was so pleased that we chose Xero as has been fantastic for us. Industry: Marketing and Advertising. I would recommend this to all small businesses, best value for the money. A great product that is very scalable to your business. Useful for both simple and more complex accounting needs.

The software is easy to set up and use and really helps keep small business accounting under control in its basic package. In addition there is great room to grow all the way up to larger business sizes with the features available. Customizations are easy and the product is flexible.

Time used: Less than 12 months. Good enough tool for small and medium companies to manage financial aspect of a company. Very good platform for small companies. There’s everything that’s needed to manage the accounting and financial part of a company. I’ve been using for almost a year now, and Xero been doing its job properly.

Easy application to use without any major training. The options are easily available on the menus, and no need to go dig around to find them.

From the screens the buttons to generate invoice or create customers are easily found. I have a team without major accounting experience being able to easily use Xero.

There might be quite a lot of out of the box features but it is very difficult and very often impossible to customise further if we want to add some automations or some quick features. More reliable and got better feedback for Xero compared to Quickbooks which seems to be a bit older too.

Industry: Consumer Services. Great value – half the price of Quickbooks for the same functionality. Easy enough to implement, good product – main complaint is the bank reconciliation process. Concept of “bank reconciliation” isn’t intuitive at all and they use the work “reconciliation” to mean categorizing transactions. I’m still confused by it and haven’t done that process in nearly as regularly as I should.

I was with Quickbooks, they raised their prices to a level I thouught was unjustified. I could get the exact same functionality I needed at half the price with Xero. I like the idea of Xero – being from New Zealand – and it does have a few good features but overall its not the best software out there. I know some people rave about it but to me it is definitely not one I recommend to my clients.

If my clients are using it and they are happy then so be it, I will continue to assist them. I do like the BAS return function and the Payroll function.

Can be hard to navigate in finding the right reports and retrieving the right information I need from the software. I’ve never chosen Xero, its always been what my clients use or I have adopted it over time. Positive overall, there are no specific features for the construction industry, but standard functionality is great for the smaller scale companies. If you spend time working out your chart of accounts and financial processes, Xero can be a very powerful tool for reporting and analyzing finances.

Kanopy has found Xero to serve its needs well, but ultimately we moved on and migrated to NetSuite years later. We still keep Xero though for 1 international subsidiary that we found to be advantageous not to migrate. Xero serves well as an “out of the box” accounting system, not unlike Quickbooks. It also has more functionality and use internationally, making it a superior choice to QB if your business operates on a global, multicurrency basis.

There are some solid automations which can be implemented with Xero as well, and the canned reporting generally suffices for the majority of basic financial needs.

Xero lacks the open customization options that software like Netsuite or Dynamics offers. For a small business this will often be fine, but a scaling operation looking to automate many functions based on unique business needs may someday find they have outgrown Xero and need to undergo an often painful ERP migration. International features are superior, and ability to manage multiple subsidiaries based in different countries is more manageable in Xero.

Industry: Health, Wellness and Fitness. It is still good, better then Kashflow which is like from 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. 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.

It doesn’t really handle subscriptions well 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 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.

Because Kashflow was terrible. Didnt allow me to make more then 10 invoices a month, and then i needed to buy a ridiculously expensive package. 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!

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. 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. At the time the product looked to have better features and functionality, and the user experience was excellent. It wasn’t SaaS at the time and was only able to be understood and used by our bookkeeper. Industry: Education Management. Reconciliations are so much easier, integrating with other products is so much easier, there are so many apps which can easily integrate into Xero. 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. Company size: 1,, employees. The best accounting software that meets all of your requirements. In particular, my experience with Xero has been beneficial in that it has enabled me to organize and manage all financial affairs of the branch in which I work without the need for a full-time accountant in the branch, as it allows me to prepare financial statements, pay bills, and organize payment dates myself.

I appreciate that Xero is responsive and simple to use for everyone, as it does not necessitate a great deal of prior experience. Once connected to the Internet, the user will be able to connect with all of his bank accounts, both those through which he wishes to make payments and those to which he wishes to transfer money, and monitor and follow them accurately and professionally, as well as track and report on them.

It is extremely adaptable to a wide range of requirements, including those of freelancers and huge corporations. Furthermore, it serves as a vital database for all financial data, as it will allow you to download documents and invoices quickly and easily, and also through the phone application, where it is sufficient to scan documents and invoices in order to enter information from them into the system and schedule payments quickly and easily. I particularly appreciate the reports that are generated by Xero since they are comprehensive in that they include all of the financial transactions that occurred during the time period under consideration.

The issue of dealing with recurring payments does not operate as expected, as you must occasionally complete the procedure manually. Overall, Xero was a truly powerful software that took the dread of dealing with accounting and reconciliation and made it rather straightforward. The accounting process can effectively be handled by any person, which is rather refreshing. As an attorney, I’m not an accountant. So having something else to learn and utilize while already extremely busy would be a major inconvenience.

However, Xero took what would have been a terrible experience and made it manageable. Xero is a pretty straightforward product that is effectively almost immediately deployable.

Xero’s dashboard is not bulky or overwhelming like a significant number of other accounting software tends to be. Xero’s help manuals and tutorials were also very useful and are great for helping users quickly refamiliarize themselves with the software.

With the software linked to your desired account, you can easily reconcile all incoming and outgoing payments and expenses on a given account. Once set up, you literally can log in right after making a purchase to reconcile your accounts without having to fumble through old receipts later to try to remember specific actions that were taken on behalf of a client. The only con that I personally experienced with Xero was that I routinely was required to relink and subsequently “resync” my banking account with Xero.

Admittedly, this may have been a banking issue and not necessarily a Xero issue. However, when the relinking had to happen, this created a significant amount of issues because I was forced to relink the account, reimport expenses and incoming sums and then ensure that all the amounts had actually synced appropriately from my physical bank account to the Xero software.

The price of Xero and the ability to effectively use the software almost immediately made the decision to choose Xero a straightforward one.

We switched from Quickbooks because the software felt really cumbersome and was not very user friendly to someone that isn’t an accounting professional. Industry: Industrial Automation. We moved from Sage line 50 to Xero, this has mainly been a positive experience. From our day-to-day usage, sending invoices, chasing debt, bank reconciliation it is very easy to use.

Our accountant set up Dext to import receipts and expenses which means we spend much less time with data entry now and we are much more paperless than we were. The key driver for us was to work in a cloud based system that would integrate with other business management systems and Xero kept coming up as the one that plays nicely with lots of other services. Our managment accountant has taken a lot more convincing as the web-based interface can be a little more clumsy in some ‘pure-accountancy’ areas and getting the chart of accounts nicely presented has taken a bit of effort.

Ease of use from a day-to-day perspective for a non accountant and integration with other cloud software such as Dext and Flowlens. We have had a couple of glitches where bank feeds have stopped working for periods of time, manual import of bank statements can take a few attempts to get right.

When I first began using Xero, I had heard a lot about it and was skeptical. Surely, no software could be so “all that”! I was introduced to it by a colleague who has converted the whole of her mid-size accountancy practice to it, and literally within a day and a half which did include watching some of the short but very clear tutorial videos I was not only up and running, but felt confident using it, finding my way around it, locating and fixing errors etc.

It’s literally that simple and straightforward. It’s also incredibly stable – I think in 3 years it’s only been offline to my knowledge 3 times, each for a very short period. I’ve also not found ANY bugs so far – almost unheard of! Provided it’s set up properly, Xero is probably the most friendly accounting software – to non-accountants that is – of any I’ve ever come across. Back in the 90’s, MYOB revolutionised accounting software for small business, but Xero takes it to a whole new level, by removing so much of the data entry work that takes time, leaves room for errors and is in general a pain, when you’d rather be – you know, running your business.