This screen also shows automatic payment reminder information, such as the relevant email address and the date and time. Via Xero Central, users can contact the company, search through FAQs and other information, and engage in discussions with other users. Users simply sign up online, so there’s no lengthy implementation process. It also provides data conversion services from QuickBooks for free, which can be done in under three hours. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews.
Support your decisions with answers personalized to your business and external insights, all within JAX. Support your decisions with answers personalized to your business with external insights, all within JAX. If you have a manufacturing concern, please email our Customer Service team at email protected and include a photo of the issue with your current shipping address. For closed toed shoes, please include another photo with the tongue tag. We also offer a 24 Month Manufacturing Warranty, which covers defects and flaws that may happen in the first two years.
Xero Accounting Software Review and Pricing
Additionally, we like that Xero avoids accounting jargon, such as “debits” and “credits,” throughout its interface, which is helpful because most business owners aren’t accountants or bookkeepers. During testing, we found Xero easy to navigate, with an intuitive and user-friendly interface. Many business owners with a growth mindset prefer selecting and sticking with one accounting software solution. Compared to other software we reviewed, Xero stands out for meeting businesses’ needs at every stage of growth. Growing companies have unique small business accounting needs and challenges, including navigating different development stages, adding employees and managing increasingly complex finances.
However, compared to competitors we reviewed, Xero excels at presenting information in an easy-to-understand way. For example, Xero’s cash flow bar chart displays cash going out of the company as a gray line and cash coming in as a blue line. A business owner trying to maintain positive cash flow would look for the blue line to remain above the gray line.
One cool feature is that Xero lets you schedule recurring invoices (or “repeating invoices”) by setting the send date and frequency. If you know when a customer’s invoicing period will end, you can also select an end date. Automatic payment reminders encourage customers to pay on time, saving you from following up on late payments. You can set the software to send reminders before the payment is due or when it’s past due. You can also set up the system to email your customers’ receipts after receiving and recording payments.
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With the mobile app, business owners can stay connected to their business at all times. Whether you’re in a meeting, traveling, or working from home, the Xero mobile app provides the flexibility to manage your finances whenever and wherever you need it. This is a valuable feature for small businesses and entrepreneurs who need to stay on top of their accounting no matter where they are. In addition to these built-in automations, Xero also allows users to set up custom workflows and triggers. For example, you can automate reminders for overdue invoices or create automated reports for regular financial analysis. These time-saving features are ideal for businesses looking to improve efficiency and streamline their operations.
You can also view a Payroll Summary Activity report and download past payroll data. The “Contacts” section centralizes key information for customers and suppliers. Xero doesn’t have its own payroll functionality, so if you have employees to pay, you must integrate Xero with the payroll provider Gusto.
With detailed inventory reports, you can quickly assess product performance while its editable invoice ensures efficiency in your sales process. Except for a few minor inconveniences, we were impressed with Xero’s invoicing capabilities. Everything is done in the cloud, meaning you can edit invoices in draft mode while awaiting payment, or after payment, without any hassles. You can then easily resend the invoice to customers and it will reflect any changes automatically.
- If you use the Established plan, you can track billable time to add to projects.
- In addition, users have mentioned that there’s limited customization, particularly in Xero’s reporting features.
- I am impressed by the fact that Xero automatically gets hourly currency conversion rates to provide you with real-time insights into gains and losses.
- Paperless record-keeping is also feasible by emailing bills to the file’s inbox.
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But unlike Xero, Connecteam offers employee time tracking that’s even more comprehensive than what Gusto offers. It compiles time data into payroll-ready timesheets that reduce manual entry and make payroll processing much simpler. Xero doesn’t offer built-in employee time tracking as part of its software. It does have project time tracking to help businesses understand how time is being spent on various tasks and ensure projects stay on budget and on schedule. Once you’ve tracked the time spent on a project, you can automatically generate invoices based on that tracked time, making the process much more efficient. Each month, Xero sends you a link to your subscription invoice with easy ways to pay for your accounting software.
- While it may come with a higher price tag than some competitors, the value it provides in terms of automation, integrations, and reporting makes it well worth considering.
- Take advantage of Xero’s free trial to see if this accounting solution is right for you.
- You will undoubtedly run into difficulties that could be resolved by a 5-minute phone call.
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Our editorial team independently evaluates and recommends products and services based on their research and expertise. Xero has never offered phone support and has relied on email support. It may take a review xero day or two to get a response to your email, but there are plenty of other forms of support available.
That said, I did have to Google answers for some pretty straightforward tasks—for example, integrating with Gusto and finding the customer support portal—which I’ll discuss more in later sections. I found Xero’s pricing to be really cheap compared with most of its competitors, especially for businesses with multiple accountants. Accounting online with Xero will protect your data through multiple layers of security, such as encryption. Get to know your finances with accurate, daily figures when you’re accounting online with Xero.
With these robust security measures in place, Xero ensures that your data remains safe and secure, providing peace of mind for businesses handling sensitive financial information. Whether you’re dealing with employee payroll data or bank reconciliation, Xero takes every step necessary to safeguard your business’s financial data. For businesses running e-commerce stores, Xero offers integrations with popular platforms like Shopify, WooCommerce, and BigCommerce.
Accounting dashboard – There’s a customizable dashboard that shows cash flow from all bank and credit card accounts in one place. The dashboard also provide tools so users can follow up on outstanding invoices. When rating accounting and invoicing software, we use a 47-point rubric that looks at pricing, ease of use, features, customer service, and user reviews.
Whether you’re looking to automate invoicing, track inventory, or streamline payroll, Xero’s integration ecosystem allows you to tailor the software to fit your business’s needs. Xero includes extensive features that make it suitable to handle complex accounting processes for small- and medium-sized businesses as well as larger ones. The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more. It has some really robust features, with particular standouts including its expense tracking, bill creation, and invoicing. You’ll be able to access a lot of detailed information about your business, with dozens of available report templates and AI-enhanced cash flow predictions through Xero analytics.