By providing feedback on how we can improve, you can earn gift cards and get early access to return on equity new features. Multiple pricing increases over the years have driven up the cost of the software, and customer support isn’t the best. There is limited tax support, limited invoice templates, no built-in payroll, and a steep learning curve.
- If you want to learn how the software works, there’s a comprehensive knowledge base that contains learning materials such as help articles, videos, guides, and online courses.
- Our personal pick would be Zoho Books, which combines excellent core accounting features with unmatched usability.
- To get the most out of your software, Xero has 1,000+ integrations to choose from.
- Additionally, customer support has gone downhill since our last review.
Is there discount Xero accounting pricing for nonprofits?
You can create bills directly in-app or import bills from your device. For example, you can create a list of loyal customers or customers in a specific state to offer promotional deals or send invoices in bulk. It lets you add basic contact information, as well as discounts and sales tax rates for customers. figuring out your form w Hubdoc does the data entry by reading key information from bills and receipts and turns it into usable data.
There’s also Xero analytics, the platform’s dedicated AI arm for accessing detailed cash flow predictions up to 90 days in advance. The first time that you select “New invoice,” you’ll be brought to an empty invoice template. In lighter news, I did enjoy the process of creating invoices. I tried to upload my bill multiple times, and Xero rejected me every time.
Xero Key Features
- It will likely prove too much of a learning curve for users who aren’t overly familiar with accounting software.
- Xero is an excellent accounting platform for small businesses.
- All pricing plans cover the accounting essentials, with room to grow.
- NerdWallet’s content is fact-checked for accuracy, timeliness, and relevance by humans.
Unlimited users and advanced features make this cloud accounting software platform a good fit for many small businesses. As a leading cloud-based accounting software, Xero simplifies everything from invoicing and bank reconciliation to real-time financial reporting; all in one intuitive platform. 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 $20 per month.
Xero Accounting Software Review: Is Xero Worth It for the Price?
Ask yourself the following questions to determine whether xero is right for you. You can upload receipts, categorise costs, and attach them to bank transactions seamlessly. You can also automate recurring invoices and set payment reminders. Create and send customized professional invoices in seconds.
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Setting Up Your Chart of Accounts in Xero
Over the course of my own research, I enjoyed the process of creating bills. With its outdated interface, it is geared towards experienced accounting pros. Without question, Xero is one of the biggest players in the accounting space. Hopefully, this will help you to decide if the platform is right for you. It doesn’t have a free plan, but you can get a 30-day free trial of any one of its plans. Bank reconciliation can be one of the most tedious bookkeeping tasks, but Xero makes it simple.
Make sure to check out our guide to the best accounting software for small businesses for more information. One of the best features of Xero bookkeeping software is its ability to integrate with your bank accounts. 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. Xero includes extensive features that make it suitable to handle complex accounting processes for small- and medium-sized businesses as well as larger ones. Xero’s accounting software is highly rated among small businesses.
Sales tax
Take advantage of Xero’s free trial to see if this accounting solution is right for you. That said, the software does have its drawbacks. FreshBooks stands out for its customer support. Xero also boasts an impressive record of 99.97% uptime.
Reviews from users and accountants are primarily positive. Despite a few shortcomings, we rated Xero 4.7/5 for its customer support. It may take a day or two to get a response to your email, but there are plenty of other forms of support available. Xero has never offered phone support and has relied on email support.
Invoicing and Expense Management
In many reviews of Xero, users praise the large selection of features, especially the reporting and automation features. Many of the more advanced features are reserved for the most expensive plan. This feature makes Xero a top pick for firms needing support for multiple users.
The Purchase orders feature lets you create and send purchase orders online. Customers can pay online invoices with a debit card, credit card, or digital wallets like Apple Pay and Google Pay. Xero offers 50+ reports, including sales tax report, profit and loss, and journal report.
With transparent pricing and scalable plans, our team becomes your financial co-pilot helping you grow confidently with Xero. Whether you choose to DIY your bookkeeping or work with professionals, Xero is a solid foundation for financial clarity and control. You can integrate Xero with create an invoice in word third-party payroll systems where native support isn’t available. Xero’s bank reconciliation feature is one of its biggest strengths.
👍/👎 Customer service
Its smart reconciliation feature suggests matches between your bank transactions and your accounting records and saves you hours each month and helps to eliminate errors. Xero is a cloud-based bookkeeping solution that simplifies financial management with automation, real-time updates, and accessibility from any device. New Zealand-based vendor Xero might be one of the leading players in the accounting software industry. A few users complain that the best features, such as project management and expense claims, are only available with the most expensive plan. The cheapest monthly plan also has a limit on how many invoices you can send and bills you can create. Xero’s best features, such as the expense management and multi-currency support feature, are only available if you opt for the Established plan.
Our experience testing Xero
However, Xero is more affordable and supports unlimited users. Xero and QuickBooks Online have a lot of similarities, as both have strong features and numerous integrations. Xero offers ample accounting reports and has a Budget Manager for creating and managing budgets. Overall, Xero has a set of features that easily rival competitors like QuickBooks Online. If this isn’t enough, Xero also integrates with Zapier, connecting the software to hundreds of additional add-ons. While the software is well-organized, it does have a steep learning curve (not as steep as QuickBooks, but it is more difficult to learn than other cloud-based options).
Xero’s plans start at $20 per month for the Early plan and go up to $80 per month for the Established plan. These reports help you monitor your financial performance and make informed business decisions. Xero offers a range of customizable financial reports, including profit and loss statements, balance sheets, and cash flow statements. Once your bank is connected, Xero automatically matches your transactions to those recorded in your accounting system. By linking your business bank account to Xero, you can import transactions automatically, making it easy to track expenses, categorise payments, and reconcile your books. This ensures your invoices and reports are correctly branded with your business identity.
For accuracy, always attach receipts or bills to transactions using Xero’s mobile app or Hubdoc integration. Your Chart of Accounts forms the backbone of your financial records. Whether you’re a sole trader or SME, learning the basics of how to do bookkeeping in Xero helps you stay on top of your finances with confidence and compliance.