When compared to their competitors like DEXT they are severely lacking in features and usability. Xero invoicing is very basic, no ability for direct debit payments, no engagement letter etc. Document management software like Suitfiles needs to be used, there is currently no direct integration for document management like Karbon has.
- Whether you’re sending payments to suppliers or collecting payments from clients, all it takes is one click of the Pay Now button on an invoice.
- Xero’s invoicing capabilities allow you to create and customize an invoice for clients and then accept credit card, debit card or bank transfer payments within the invoice itself.
- We also liked the “top customers” graph available from the accounting drop-down menu at the top of the Xero dashboard.
- The initial setup for Xero accounting software isn’t difficult but requires a fair amount of information.
- Some screens, of course, don’t really need further explanation, but I found that this worked on every screen where it seemed to be needed.
A Xero representative told us that the company has customer service staff available 24/7 to respond to these tickets within two hours. We appreciated this speed but still wished a customer service phone number were immediately available. Besides its web app, Xero offers a mobile app for your iOS and Android devices that lets you can manage your money on the go. With both iOS and Android apps, you can see your dashboard, purchases, sales and contacts. You can also create new invoices, bills, receipts, quotes and contacts. Xero accounting’s features are easy to use, and they work well with each other.
Xero Ease of Use
Regardless of which plan you pick, we found Xero to offer superior tools for tracking and managing bill payments. Basic features, such as bills and invoices, have the same general outline as other accounting software and can be easily understood. Advanced features, such as inventory tracking and fixed assets, need to be learned, but all the information https://bookkeeping-reviews.com/xero-reviews/ you need is contained within Xero’s help page. Xero offers a direct feed to your bank account to import your statements every day. The details on time and frequency can be found on Xero’s support page. Connecting your account with online banking services, such as Tide and Starling, allows you to get updates about your transactions in real time.
There’s also a timer for recording billable hours per task and tying it to an invoice. You can invoice by time entry or task, and you can mark up your prices based on your estimates in just one click. Xero makes it easy to manage your projects and make them more profitable. Considering all the features it has, Xero’s “growing” pricing plan is perfect for small- to medium-sized businesses.
Xero Review: Features, Pricing & Alternatives in 2023
Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $70 per month. If using multiple currencies is a priority to you, consider other platforms that offer this capability https://bookkeeping-reviews.com/ at a lower cost. Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies. Despite some criticism I have about Xero, I feel they are a strong billing and invoicing software.
Support is critically important for small business accounting website users, especially for people who start with little or no experience in bookkeeping. Xero’s global network of advisors consists of professionals who are experts in the application and can work with small businesses. The site’s online documentation is exceptional, offering step-by-step instructions for the product’s features. Unless you’re working with an advisor, though, your only option for getting questions answered is by email.
Xero
This tool is ideal for correcting errors or reviewing the work of your less experienced accounting staff members. You can recode contacts, accounts or tax rates in one fell swoop, improving the accuracy of your reconciliation. Additional bank reconciliation tools that we liked include bulk reconciling and quick bank rule creation. Both of these features give you the power to further streamline your reconciliation. We also liked how easily you can switch between checking and savings accounts when reconciling transactions.
- Regardless of which plan you pick, we found Xero to offer superior tools for tracking and managing bill payments.
- Similarly, your clients and customers can send money immediately with the Pay Now button on your online invoices.
- Others also mentioned that it integrates with third-party apps that they use in their business.
- NerdWallet’s accounting software ratings favor products that are easy to use, have a robust feature set and can grow with your business.
- Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor).
If the item you want to invoice is not in your inventory management list, you can also add them quickly through the “new invoices” page. If you use inventory tracking, the item quantity will be automatically updated when you invoice an item. The next plan, “growing,” is Xero’s standard plan, which removes the transaction limits but still doesn’t let you do transactions in multiple currencies.