New Zealand Local product

What Is Xero?

Award-winning online accounting software designed for small business owners and accountants. Available on any computer or mobile device with an internet connection. Business finances and cashflow are updated in real time. Imports transactions from bank accounts. Unlimited user logins. Integrates with over 1,000 3rd-party business applications. Supports multiple currencies. Data is accessible through a single ledger, allowing accountants and clients to collaborate around finances.

Who Uses Xero?

All small and medium sized businesses and accounting & bookkeeping practices.

Where can Xero be deployed?

Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile), iPad (Mobile)

About the vendor

  • Xero
  • Founded in 2006
  • 24/7 (Live rep)
  • Chat

Countries available

Australia, Brazil, Canada, China, Germany and 9 others

Languages

English

Xero pricing

Starting Price:

$27.50/month
  • Yes, has free trial
  • No free version

Xero does not have a free version but does offer a free trial. Xero paid version starts at $27.50/month.

Pricing plans get a free trial

About the vendor

  • Xero
  • Founded in 2006
  • 24/7 (Live rep)
  • Chat

Countries available

Australia, Brazil, Canada, China, Germany and 9 others

Languages

English

Xero videos and images

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Features of Xero

  • "What If" Scenarios
  • ACH Payment Processing
  • Access Controls/Permissions
  • Accounting
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Alerts/Notifications
  • Approval Process Control
  • Approval Workflow
  • Asset Accounting
  • Automated Quoting
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Calendar Management
  • Case Management
  • Cash Management
  • Check Printing
  • Check Processing
  • Check Writing
  • Client Management
  • Client Portal
  • Compliance Management
  • Consolidation/Roll-Up
  • Contact Database
  • Contact Management
  • Contract/License Management
  • Core Accounting
  • Cost Tracking
  • Cross Ledger Posting
  • Customer Statements
  • Customisable Branding
  • Customisable Invoices
  • Customisable Reports
  • Data Import/Export
  • Direct Deposit
  • Discount Management
  • Document Management
  • Drag & Drop
  • Due Date Tracking
  • Dunning Management
  • Duplicate Payment Alert
  • Electronic Payments
  • Expense Management
  • Expense Tracking
  • Fee Calculation & Posting
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For AEC Industry
  • For Accountants
  • For Religious Organizations
  • Forecasting
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Inventory Control
  • Inventory Management
  • Inventory Optimisation
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • Order Management
  • Overpayment Processing
  • Partial Payments
  • Payment Processing
  • Payroll Management
  • Payroll Reporting
  • Price / Margin Management
  • Pricing Management
  • Pricing and Cost Calculations
  • Product Identification
  • Profit/Loss Statement
  • Project Accounting
  • Project Management
  • Purchase Order Management
  • Quotes/Estimates
  • Real Time Data
  • Real Time Reporting
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring/Subscription Billing
  • Reimbursement Management
  • Reorder Management
  • Reporting/Analytics
  • Requisition Management
  • Search/Filter
  • Self Service Portal
  • Shipping Management
  • Sourcing Management
  • Spend Management
  • Status Tracking
  • Supplier Management
  • Task Management
  • Tax Calculation
  • Tax Compliance
  • Tax Management
  • Template Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Transaction History
  • Vendor Management
  • W-2 Preparation

Xero Alternatives - Capterra New Zealand 2021

Complete, out-of-the-box-desktop accounting software, with secure cloud and mobile access, for small & medium sized businesses.
QuickBooks is an end-to-end accounting software that can grow with your business.
Wave offers small business owners real double-entry accounting that is integrated with the rest of Wave's solutions, 100% free!
An easy invoicing and accounting solution starting at $4.50/mth (first 3 mths). Join 24 million people who've already used FreshBooks. Learn more about FreshBooks
Sage 100cloud is an ERP platform for growing and medium-sized distributors and manufacturers.
Accounting tool that provides multi-monitor support and past due stamps through improved cash flow.
Sage Business Cloud Accounting is a simple yet powerful online accounting solution designed for small business owners.
The #1 Cloud Accounting & Financial Management System. Achieve real-time visibility, drive efficiency, and scale with confidence.
FreeAgent - Voted the UK’s #1 bookkeeping software and Client App of the Year 2021 at ICB Luca awards

Reviews of Xero

Average score

Overall
4.3
Ease of Use
4.3
Customer Service
3.9
Features
4.2
Value for Money
4.2

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Samuel
Samuel
Financial Analyst in Kenya
Verified LinkedIn User
Financial Services, 51-200 Employees
Used the Software for: 2+ years
Reviewer Source

Xero Review

5.0 2 months ago New

Comments: Purchase order management. 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.

Rino
Rino
Partner in South Africa
Verified LinkedIn User
Accounting, 201-500 Employees
Used the Software for: 2+ years
Reviewer Source

Xero - The Cloud Based Software of the future

5.0 2 months ago New

Comments: 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. This can be overcome by locking down periods, one just has to remember to do this though.

Alternatives Considered: Sage 50cloud Accounting

Reasons for Choosing 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.

Switched From: Sage 50cloud Accounting

Reasons for Switching to Xero: The main factors were cost and engagement with the Xero South Africa team

Alison
Accountant in Australia
Accounting, Self Employed
Used the Software for: 2+ years
Reviewer Source

Average Accounting Software

3.0 6 days ago New

Comments: I like the idea of Xero - being from New Zealand - and it does have a few good features but overall its not the best software out there. I know some people rave about it but to me it is definitely not one I recommend to my clients. If my clients are using it and they are happy then so be it, I will continue to assist them.

Pros:

I do like the BAS return function and the Payroll function. When we've had errors in the year end reporting, it has been easy to look back and find those entries & fix them up.

Cons:

Can be hard to navigate in finding the right reports and retrieving the right information I need from the software. I also find it hard to review SUpplier & Customer Accounts History. I'm used to seeing other softwares having a tab labelled 'Suppliers' / 'Customers' and you can view altogether - I'm just not finding this easy to do in Xero.

Cody
Controller in US
Entertainment, 51-200 Employees
Used the Software for: 2+ years
Reviewer Source

Easy to Implement and Manage Global Business, Low Customization Options

4.0 3 months ago

Comments: Kanopy has found Xero to serve its needs well, but ultimately we moved on and migrated to NetSuite years later. We still keep Xero though for 1 international subsidiary that we found to be advantageous not to migrate. The mature business with complex operations may not find all needs are met with Xero, especially if the desire is to integrate many other tools/software with the ERP in a bi-directional data flow.

Pros:

Xero serves well as an "out of the box" accounting system, not unlike Quickbooks. It also has more functionality and use internationally, making it a superior choice to QB if your business operates on a global, multicurrency basis. There are some solid automations which can be implemented with Xero as well, and the canned reporting generally suffices for the majority of basic financial needs.

Cons:

Xero lacks the open customization options that software like Netsuite or Dynamics offers. For a small business this will often be fine, but a scaling operation looking to automate many functions based on unique business needs may someday find they have outgrown Xero and need to undergo an (often painful) ERP migration.

Alternatives Considered: QuickBooks Online Advanced

Reasons for Switching to Xero: International features are superior, and ability to manage multiple subsidiaries based in different countries is more manageable in Xero.

Scott
CFO in US
Marketing & Advertising, 2-10 Employees
Used the Software for: 2+ years
Reviewer Source

Best Account Software for the Money

5.0 last month New

Comments: I would recommend this to all small businesses, best value for the money.

Pros:

Low cost, connections to banks, and credit cards are where it really shines.

Cons:

The reposts need work. More customization, more options. Get down to more details.

Alternatives Considered: QuickBooks Desktop Pro

Switched From: QuickBooks Desktop Pro

Reasons for Switching to Xero: Low cost, connections to banks, and credit cards are where it really shines.