Xero Reviews & Insights

We use Xero as our general ledger, expense and payroll platform. It produces invoices and is used as a management tool for executives to manage the financial position of the firm.

It just works!

Xero supports our business with payment reconciliation, company budgeting/forecasting, automatic generation of tax and superannuation obligations, HR & payroll and supplier payments.

It allows us to automate or speed up critical financial processes, as well as remain compliant with government and financial regulations.

Xero allows us to easily track and reconcile expenses, manage our supplier payments and manage our employee payroll. Xero also has great reporting features, particularly relating to business performance and forecasting, including Profit & Loss. It is easy-to-use and navigate with a functional menu and clearly identifiable features, whilst it also caters to multi-user accounts with varying level of access.

I use Xero daily for raising invoices, reconciling my bank accounts, and processing bill payments. When I first started out, each invoice had to be produced in Excel or Word and saved as .pdf to be sent to a client. Xero does all that much more professionally. On a regular basis, at least monthly, I also review the profit and loss statement to check on my financial position and compare it to the previous year.

I am a massage and physical therapist. We are not a fancy business but business admin can take a lot of time and effort. Xero came recommended to me by colleagues in the sector. You raise invoices, you get paid. and you pay your bills. These are all daily scenarios for most businesses and Xero does this particularly well. Since my accountant can query my records directly, this greatly saves on bookkeeping time when it is time to do the company returns.

I've been using XERO for several years and am quite pleased with it's foundation and usage with my Voiceover company. Support is readily available and are sympathetic to any issues.

You'll love this. Plus its cost is right on!

Answered previously

Our US team uses Xero for expense reporting. This is an alternative to submitting expenses using an Excel spreadsheet or a more fully functioned option such as Expensify

Xero is suited only for a small organisation that doesn't need an pre-approval capability. Not suitable for a mid-size or larger company.

Xero allows fast data collection and fast capture into meaningful reports to keep on top of accounts. Compliance made easier as well.

Well suited for everything but unless an appropriate add on is available I could never recommend for a manufacturing business.

I am using Xero in my organization for all the accounting matters. We are doing taxes, profit & loss, Balance sheet and journaling using Xero. We are also using Xero to reconciliate all of our credit card with any receipts we have. Xero is not an expensive product, yet it's complete and helping us in the day to day operation of our organization.

Xero is a great accounting software for organization that are looking for a simple tool, not so expensive, that can do great things. I don't think it would fit bigger organization with complex accounting problem to solve, but it is prefect for smaller or medium organization. I would definitely recommend.

In my current organisation, we work together with an outsourced accounting service provider to fulfill financial accounting, financial reporting, budgeting, forecasting as well as tax compliance functions.

Xero is used by both my organisation (in more of a review and analysis capacity) and the accounting service provider (in more of a processing and reporting capacity).

Xero is the first cloud-based accounting software I've used, so the flexibility and mobility this model provided is a step up from the previous desktop or server-based accounting software and ERPs that I've used.

It is also relatively straightforward to use and the controls and user interface are less intimidating than the ones I've used in previous organisations.

As many of the accounting and accounting-adjacent tasks (e.g. claims submission and processing) are done over apps and other cloud-based software, Xero's wide range of APIs and collaborations with other vendors in the region helps us to build our tech stack with less worries about compatibility.

One clear example was the integration between Xero and our current reporting/consolidation software (Calxa). To move both accounting and reporting data from legacy systems (desktop accounting software + Excel) to both of them was a game changer.

In my opinion Xero is well suited for:
1) Standalone organisations,
2) Organisations where the accounting team bench strength is thin,
3) Organisations which are able to leverage on new technologies and apps
4) Organisations which get most of their tech infrastructure within the APAC region

Xero may not be as suitable for:
1) Organisations with group structures (especially complex ones)
2) Organisations which are constrained in their use of startup technologies and apps by startups
3) Organisations which get most of their tech infrastructure from the US or EU

I use Xero to do the accounting for my small business and pay my 30 employees. I issue many invoices each week for therapy sessions.

I like Xero. It's a very good cloud based accounting system that let's me run my business from anywhere and do payroll effectively for my 30 employees. However, the recent large increases in the cost of Xero and the lack of AI oriented payment reconciliation processing makes me wish I have choses a less expensive accounting package.

We use Xero as our accounting software. We love how it brings in lines from the bank accounts and can be easily reconcilled either on a computer or from the Xero mobile phone app. We use it to bill our customers. One issue we have is that you don't seem to be able to have different email addresses for a customer for different functions (i.e. send purchase orders to a particular address but remittance advices to another or invoices to one and statements to another). It integrates well with other apps, and we also have our own in-house software that we have been able to write code to sync to Xero. Our accountant uses Xero too so they update our annual returns right in Xero which means that what we see are the actual results for the year (once finalised). Our previous accountant didn't do this in Xero which resulted in the Xero files being inaccurate (depreciation etc) and having to have an additional hard or soft copy. It is great to get an accurate picture of where the business is now that we have an accountant who uses the same system.

We changed to Xero about 10 years ago and it remains a great product that they continue to develop. I haven't heard of any other product that has better features.