Xero Accounting Software Review
In May 2016, I had not heard of Xero
Accounting, let alone knew what it was or what it could do for a small
business. I had not really considered
looking at, let alone trying, any web-based accounting programs. Come July, I was offered a job to assist a
remote client in getting his Xero accounts caught up and reconciled back about
a year and a half. As soon as I started
roaming around the program, and using it, I LOVED it! It was so easy to get into, and to figure out.
For a small business owner, this is a very
user friendly program. The following is my review of the Xero accounting software.
When you first log into Xero Accounting,
you see the Dashboard, which provides you with any and all bank accounts and
credit cards and Menu with everything you would need. For me, everything about Xero seemed very
easy. Very obvious.
What I like about Xero Accounting:
- The Dashboard and Menu across
the top makes sense. There was never
much question, for me, “How do I find this?” or “How do I do that?” Any question I had was easy to find the
answers for within the help centre, and I did receive very quick support the
one time I had to send a question off to an actual person.
- Linking banking, credit cards
and PayPal accounts was very easy and the feeds are usually good to come in.
- The layout within the those
accounts, with the transaction feeds coming in, is really nice with the
transactions that come in on the left, and the ability to find and match with a
previously entered transaction, or create a new one on the right.
- Once you “Ok” the transaction,
it is considered “Reconciled”, there is no “Monthly Reconciliation” to be
completed with Xero. If you are in the
transaction log, and see there is an item that was missed, you can add it and
then reconcile within that same screen, and still see everything. You do not have to go to another page to add the
transaction and then find your way back to the transaction log to make sure
that transaction was reconciled.
- The option to add discussion
notes to the transactions. This feature
is great, if there is more than one person working within the program, as you
are able to put notes and save them, onto transactions to assist the others in
recording properly. Because my client is
remote, if I have questions on transactions, I put it in the discussion, and he
will answer. Or if there are expenses to
be billed to a client, he makes those notes, so I know to assign those
- Assigning expenses is very easy
to do, and you can even allocate to different clients within the same
- The reports. There are so many options, and ways to create
and save custom reports that you can tailor specifically for your business. Xero provides great videos and tutorials that
will show you how to customize your reports, most of them only five minutes
What I don’t like about Xero:
- It may not be an issue for some, but payroll is not an included
feature for Canadians but is available in most U.S. states. If you are in an area that doesn't support payroll, there are other payroll applications that can be
used with Xero. To date, I have not
looked into that option, and am hopeful that Xero adds this to the Canadian
Xero Accounting, I believe, is definitely
worth the price point, if you are looking for a clean, easy to navigate program
that doesn’t keep you asking yourself, “I wonder how I do this?” This is a program that I have truly enjoyed learning
my way around and working with. Highly
recommend heading to their site and trying out the 30-day free trial. You just might have some fun.