In this Xero review, we'll look at Xero, a cloud-based accounting software from New Zealand that is popular with business owners and freelancers. Xero is a powerful accounting tool with many money management features including over 800 integrations, rich reports and unlimited users. Xero is also a powerful cloud-based software.
Over 2,000,000 users access Xero Today, it is the accounting solution of choice for over 16,000 companies. The brand regularly adds more features, such as project management tools, which has been one of the most notable shortcomings in the past.
Some of the latest improvements come from Xero's high cost and customer complaints from time to time. For example, Xero has changed its pricing structure over the years, making it difficult for small business owners to get it.
So, who is Xero suitable for? In this review, we'll find the answer to that question and tell you everything you need to know about accounting with Xero.
Who is Xero for?
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As just mentioned, Xero is a cloud-based accounting software that is a good choice for many business owners and freelancers. You can access the service from almost any browser, provided you have internet access.
Xero is more likely to be your go-to product if you're a mid-sized business. The software offers many accounting and reporting features to suit your needs. Each plan also has a bonus of unlimited users, which is very rare in the software email list world of financial products. You can also set multiple control levels for different accounts.
While small businesses can definitely consider this service, you may find it a little too expensive when you don't need services like multi-currency and project management support. With the original plan limiting your invoices, it's hard to see how many companies can use it.
Xero Review: Pros and Cons
Great for all kinds of businesses
Unlimited user support
Many advanced features
Reporting and Analysis
many great integrations
The learning curve is quite high
No phone support
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Xero Review: Pricing
Xero used to be priced at a lot higher than what it offers now for scalability, but there are still plenty of plans to choose from, and you can try the service for free. Xero's new plans are missing some older features, such as access to payroll. However, you still get access to real-time bank feeds, unlimited users, and other tools to make accounting easier.
Today's pricing structure includes a set of three plans:
$11 per month
The "Early" pricing plan is the cheapest Xero, which provides access to around 20 invoices and quotes, as well as support for reconciling bank transactions and more. Other features include:
Enter up to 5 bills
Live Bank Feed
Even the cheapest plan, Xero, still comes with an unlimited user option, which is a great option.
$32 per month
The Growing option costs about $32 per month and includes everything in the Early plan, including the Unlimited Users option. You will also get the following features:
Batch reconciliation of transactions
Bill management and receipt management
According to Xero, growth plans are the most popular.
$62 per month
The established plan is for larger, more active companies. This product has all the features you get in the Grow Plan, plus the following:
Supports multiple currencies
You can also add "Payroll with Gusto" to every plan for $39 per month, which is really the only way you can get your payroll experience with Xero. This may seem expensive, but it may be more efficient than buying the product separately for payroll. Remember, you'll be spending $6 per person per month in addition to $39 per month.
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Xero Review: Ease of Use
Xero is a modern and attractive accounting tool with a simple user interface designed to appeal to a wide range of people. You should find the interface very easy to navigate, but there is some learning curve to be aware of. Most people find Xero easier to use than QuickBooks, but there are some challenges.
You need to take the time to explore all the features on offer and learn how to use the different ones. However, once you get used to everything, Xero is simple. The Help Center also has some handy articles to help you.
One of the things that makes Xero so user friendly is the fact that you can really access it from anywhere. Cloud-based accounting software with over 700 integrations, unlimited users, and rich reporting features keeps you in control of your business. There's even an app for the Apple Watch if you really need it.