Xero Jun 2023 Review | Pros, Cons, Pricing & Reviews

Xero is accounting software made for your business. From invoicing on the run to helping keep you Single Touch Payroll (STP) compliant, Xero’s accounting software has all the features you need to manage your numbers effortlessly. Voted #2 in accounting software for small business.

Features:

Send invoices and quotes.
Reconcile bank transactions.
Capture bills and receipts.
Full-service payroll.

Pricing:

Free 3-day trial.
Pricing starts from US$9 per month.

More About Xero

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Best Accounting Software 2023 – Voted by 24 Experts

Xero Reviews

Find out what each expert had to say about Xero.

Amanda Evans

Managing Partner - Tight Ship, LLC

✓ QuickBooksQBO is nice because most accountants are familiar with it and can access your account directly through it, no need to send backups or company files for them. It is also nice that a lot of CRM and other productivity apps sync with it. The downside, and I will scream this from the rooftops, the customer service SUCKS. Even as a Advanced Quickbooks advisor and Authorized Quickbooks Service Provider (reseller), the service still is awful. Also, their 1099 feature is a bit clunky as well. Reporting is limited, but will do for your needs.✓ XeroXero is great. Your accountant can access it, has all of the reports that QBO as and so much more. You can quickly categorize your transactions with their cash coding option, so that makes reconciliation a breeze. A shit ton of apps work with it (mostly because their API is so simple, lots of software folks can easily integrate). You get free HubDoc (digital document retention system) with your subscription. Price is comparable to QBO as well (if not a bit cheaper). 1099 feature is very nice. Their customer service is KICK ASS. Downsides, if you input an expense into the wrong bank account, you cannot simply select to move it to a different one. You need to delete and re-do. There isn’t a clear audit trail report available. Your accountant may or may not be familiar with it.✓ WaveWave apps is nice because it is free, has integrated invoicing and payment collection. Which, for a free app is super nice. You can upload receipts into it, bank feeds come into it, has basic P&L and Balance sheet. But the only downsides are their reporting isn’t as robust as Xero or QBO, and the reconciliation feature is a bit clunky. Sometimes, if you delete a transaction, it will delete one side of it, and not remove both the credit and the debit side. So that can leave your balance sheet unbalanced. (to an accountant, this is a nightmare).

Ruth Wilson

Founder - The Polytech

✓ Xero
We use Xero as our accounting software. It is easy to use with a simple, clean interface and data entry is greatly reduced because it syncs seamlessly with our bank and credit card. The feature I love most of all is how professionally the invoices were formatted. It was so simple to enter my client’s data and produce a clear invoice that appeared I had designed by a graphic artists. No one on my staff is an accountant and we all appreciate the information we’re able to track and monitor from Xero.

Bryan Clayton

CEO - Your Green Pal

✓ Xero
We recently changed our small business bookkeeping and accounting software from a desktop based QuickBooks to cloud based Xero.

My number one tip for fellow small business owners to consider when searching for their bookkeeping and accounting software solution is to make sure that the software will integrate and “talk” to your checking account and credit card account.

This will make sure your books are constantly in sync and also will save you hours of mind numbing data entry every month which is the cause of most small business owners dread for bookkeeping tasks.

Having your data feeds all in sync with your accounting software can directly translate to a better run and tighter business operation.

Ian Wright

Founder - British Business Energy

✓ Xero
I don’t have a huge amount of experience with accounting software, but I love Xero. It makes accounting really, really easy. I’d recommend it mainly because it’s both cheap and easy to use. Even the most expensive plan is only $60 (£30) a month and it pretty much eliminates the need for a bookkeeper as it syncs all your bank transactions and invoices.. Not sure it’s the best but it works for me.

Torben Lonne

Chief Editor - DIVEIN

✓ Xero
I would recommend Xero for small businesses and entrepreneurs, as a cost-effective yet powerful accounting suite that can integrate with over 700 apps. Xero gives you over 50 types of reports including cashflow, AR management, and inventory, all of which are quickly accessible through the mobile app.

The program is intuitive and easy to set up, but what I like the most is the interface that is clean and uncluttered compared to some of the older accounting software such as Sage. Xero can sync with all your financial accounts, keeping them up neatly arranged and easy to browse through.

With pricing from $25 to $75 per month, it’s a good choice for entrepreneurs and small businesses who need a versatile accounting software on a budget. Should you need help, their customer support is awesome and they have a strong presence on social media, with several hundred video guides and tutorials to help guide you along the way.

Jovan Milenkovic

Co-Founder - KommandoTech

✓ Xero
I would recommend Xero for small businesses, as a cost-effective yet powerful accounting suite that can integrate with over 700 apps. Xero gives you over 50 types of reports including cashflow, AR management, and inventory, all of which are quickly accessible through the mobile app.