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Xero Review

Wednesday, August 17th

2022 Accounting Software Program Reviews

Xero Review 4.5 Star Rating

Xero

4.5 Star Rating
  • Early: $9/month
  • Growing: $30/month
  • Established: $60/month

Xero was started in 2006 out of New Zealand. This accounting software is designed for small businesses and has grown exponentially since it was first created. To give you an idea of how widely used Xero is, they have over 3,000 employees and over 2 million subscribers. They lead the cloud accounting markets in New Zealand, Australia, and the United Kingdom.

Everything A Small Business Needs

It is faster to say that Xero has all the accounting features a small business needs than to list out everything they offer. If you're wanting to take full ownership of the accounting at your company and have all the nitty-gritty details needed to manage the financial health of your business, Xero will help you do that.

Access Wherever You Are

Xero can be accessed on both iPhones and Android, so you can manage your sales, invoicing, and income on-the-go. There are over 800 other apps and programs that integrate with Xero, so it can be as simple or robust as you want it to be depending on the needs of your company.

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Straightforward, Competitive Pricing

The pricing plans at Xero are straightforward and they make it easy to know which option will work best for your company. They include:

  • Early: $9/month (allows you to send 5 invoices, enter 5 bills, reconcile 20 bank transactions, and capture bills and receipts with Hubdoc.)
  • Growing: $30/month (allows you to send unlimited invoices, enter unlimited bills, reconcile unlimited bank transactions, and capture bills and receipts with Hubdoc.)
  • Established: $60/month (allows everything from the Growing plan + multi-currency, captures and manages claims, and tracks project times and cost)

30 Day Free Trial

Each plan option includes a free 30-day trial. You only need to provide your name, email, and phone number: no credit card is required and you can get started right away.

Fantastic Option

Unfortunately, Xero does not have a Better Business Bureau rating, but we are pretty confident that it would be high if they did. Thousands of customers on other third-party sites have great things to report about their experience using Xero. People say working with customer service is great, Xero is easy to manage and learn, and that it's a great accounting software that you'll want to stick with for years. There are no red flags that raise concerns about choosing to use Xero as your accounting software, making this a fantastic option for small businesses!

The 7 Best Accounting Software Programs

What is the Best Accounting Software to Use?

Gone are the days of needing to painstakingly enter all financial information into either paper or online sheets for your business. Accounting software increases efficiency by allowing companies to track their taxes, accounts payable, accounts receivable, payroll, and other details automatically.

The advantage of accounting software is not just that it saves time, but it also helps avoid human error that can be extremely costly to an organization. Accounting software can be integrated with a company's bank to help facilitate employees getting paid for the exact number of hours worked, keeping track of sales, balancing budgets, controlling inventory, and more. These processes are crucial to an organization, so finding good accounting software can make all the difference to a company's success.

The Best Accounting Software Programs Compare Accounting Software Programs Compare Accounting Software Program Reviews What are the best Accounting Software Programs Best Accounting Software Program Reviews

Accounting Software Program FAQ

Accounting software is a computer program that helps record a company's financial transactions. This includes accounts payable, bookkeeping, payroll, inventory, reconciliations, time sheets, and much more.
No, in fact many account software companies have made their product specifically for small businesses who don't have an in-house accountant and need to be able to manage their finances on the platform without prior knowledge of how it all works. Of course, it is helpful to have an accounting background, but it is not at all necessary.
Most accounting software companies give you the option to pay month-to-month or a lump sum each year. When you pay yearly, you usually end up paying less than you would monthly. You can typically expect to pay between $200 and $1,000 yearly for an accounting software built for small businesses. The number of users, features, and integrations are what make the biggest difference between what different companies charge.
It is highly recommended! Keeping all of your financial information backed up on a software platform that calculates taxes, payroll, does invoicing, monitors sales, and more, is a safe thing to do because it helps eliminate human error that can easily happen when dealing with so many details. Making a mistake with your accounting can be very costly to a business, so using accounting software is becoming the standard.
Nearly all accounting software companies allow you to try their product for 30 days without charge. This is a great way to test out their platform and make sure they have all the features your company needs.
If you're using accounting software that gets a big update, it's usually included in the cost you are already paying. If they add options for additional features, this may come with a separate price, but either way you don't have to worry about doing updates yourself.
It may take a bit of time to get used to all of the functions offered by your accounting software. The companies that create accounting software for small businesses work hard to make sure their platform is intuitive and easy to learn. If you have questions, it is a great idea to contact their customer service team for help.
Yes! Some companies are able to give you customized features and integrations that work for your particular industry. To do this, you'll work directly with the accounting software company to build out a platform that caters to your needs. The cost for this will be determined by the complexity of your software package.
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Continued from above...

Accounting software has become so important to businesses that other programs and platforms often are made to integrate with them to make things more streamlined. The software can usually be accessed online with any device that has internet connection. The complexity of the accounting software, and what it is used for, will greatly affect the overall cost.

When purchasing accounting software online, we suggest you keep the following criteria in mind:

  • Cost. You'll likely be using your accounting software for years to come, so you'll want to find something that comes with a sustainable price tag for the long-term.
  • Functionality. Does the accounting software have the features to take care of all the accounting for your business? Is it straightforward enough to use that others can be trained in its functions without frustration?
  • Customer Service. Integrating new accounting software into a company is a big task. You'll likely have many questions along the way, so you'll need a reliable customer support team that can offer help.

To give you an idea of which choice might be the most effective for you, TopConsumerReviews.com has reviewed and ranked a variety of accounting software platforms. We hope this information helps you locate the right accounting software to help your business run efficiently!

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