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Budgeting and invoice customization. Pros Xero makes it seamless to carry out accounting procedures through automation. Cons Xero has never disappointed even on a single instance while using it. Industry: Accounting. Xero - The Cloud Based Software of the future Fantastic product with fantastic support and really meaningful input from the actual company staff Pros Xero's main benefit to us as a mid tier accounting firm is the ease of importing information.

It supports multiple bank feeds on a reliable basis and its open API allows for the support of many add in apps Cons Being a non-technical software, it does sometimes give the impression of not being as robust in terms of ease of change of prior information. Reasons for switching to Xero The capital development expenditure and size of Xero simply mean that it is outpacing other software in terms of speed of development, effectively future-proofing our practice.

Review Source: Capterra This review was submitted organically. No incentive was offered. Industry: Entertainment. Xero has helped us transform and streamline our processes Xero has streamlined our operations, and simplified our record keeping, and notification of when bills are due for payment or invoices due for collection.

Pros The ease of use is fantastic, and a beginner is able to self-teach quite easily with the fantastic guides and webinars that are available from Xero. Cons My main issue was that I would like to be able to create different delivery addresses on invoices that have one invoice address but different delivery locations, as it's important to specify. But aside from getting help from professionals, small businesses can also benefit from having the right accounting tools that fit their needs and their budget.

Xero is one of the leading cloud-based accounting solutions designed for SMBs as well as for accountants and bookkeepers. As an award-winning accounting platform, Xero combines functionality, usability, and budget-friendliness to accommodate the needs of small- and medium-sized enterprises, as well as independent professionals from the startup stage and as they grow. A powerful accounting solution, Xero offers robust features that allow you to automate various tasks, such as invoicing, reconciling bank transactions, reporting, calculating sales tax on various transactions, and more.

With Xero, you have your own accounts payable tools accessible from any device. All reimbursement claims can be easily approved from your end, thus making the process faster. Beyond basic accounting functions, Xero also allows you to manage your inventory, as well as create and send purchase orders on the go.

You can also create online quotes and estimates using existing templates or by customizing your own. Moreover, quotes that have been accepted and fulfilled can be converted into invoices, thus saving you time that you can use to focus on other urgent matters. Other notable features include quick reconciliation of bank transactions, automatic sales tax computation based on the tax rates you added in the system, as well as being able to access accurate and detailed reports whenever you need them.

Additionally, Xero supports more than currencies that you have the option to automatically convert to your local currency based on up-to-date exchange rates. This plan is also ideal for freelance accountants and bookkeepers looking for a simple, easy-to-use, and robust platform for their services. Included in this plan are some of the basic accounting features, such as creating and sending quotes.

Sending invoices is also included but limited to a maximum of 20 invoices directly from your mobile device. With the Starter plan, you can also enter up to five bills that you can pay by schedule or by batch. Some UK banks charge fees for bank feeds, that we will pass on to you. You can add as many Xero organisations as you like, choose a pricing plan for each one, or set up a free 30 day trial. Xero offers a discount for multiple organisations when you subscribe to more than one Business Edition organisation.

To qualify for the discount, the organisations need to use the same subscriber email address. The discount is automatically applied when you use the same email address and the organisations use the same country edition of Xero.

If an organisation uses a different country edition, contact Xero Support so they can apply the discount manually. You'll receive your invoice at the end of your monthly billing period. Commissions do not affect our editors' opinions or evaluations. Our Verdict. Summary: Business owners, freelancers and entrepreneurs often spend a large chunk of time on administration and accounting. Pros Competitively-priced plans Unlimited users and clients Free day trial Extensive online tutorials and support to learn the more complex systems.

Cons Quotes and invoices are limited to 20 per month Involves a learning curve Multiple currencies only available for highest subscription tier. Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team. User-friendly with a clean design.

Standout features. Starting price. Xero at a Glance Xero includes extensive features that make it suitable to handle complex accounting processes for small- and medium-sized businesses as well as larger ones. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. KhataBook is an intuitive digital ledger app that helps micro, small and medium merchants to track Gekko seeks to simplify the accounting tasks for accountants, entrepreneurs, and small businesses Divvy is a finance management solution that is ideal for all types of enterprises and individuals QuickFile is a cloud accounting software with a thoughtfully designed user-friendly interface.

Plectica is a niche tool for businesses and sole practitioners to map their ideas in real time A software which provides a number of features that can help small businesses, freelancers, Compare now 0 Remove All. Subscribe me to SaaS Weekly Roundup.