Accounting

Xero ✓

Online accounting software that connects your business.

Source rating 5.0 (1) 126 views 27.9M/mo traffic 1 saves Freemium
More categories (4)

Free + from $3.75/mo

Verdict

A quick read before you dig into the full page.

Best if
Online accounting software that connects your business
Skip if
Limited training resources
Pick this when
Inventory management feature

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Overview

Xero is an online accounting software designed to streamline financial management for small to medium businesses. It offers key features such as inventory management, analytics powered by Syft, ability to deal with accounts payable, claim expenses and establish bank connections.

Its online invoicing system provides an efficient way to maintain financial transactions. Xero also includes valuable tools for accountants and bookkeepers, such as Xero HQ for managing clients and staff, Xero Practice Manager for efficient practice management, and Xero Workpapers for managing compliance workflows.

Beyond these features, Xero provides a platform for users to find, try, and buy business apps that connect with the software. Notably, Xero introduces an AI financial superagent, JAX, that automates routine tasks and offers actionable insights.

Through JAX, users can explore their financial data, automate tasks like creating and sending quotes and invoices, and gain answers to business questions with access to real-time public data.

Moreover, Xero includes a feature that pulls bills and receipts into the system automatically, thanks to its integration with Hubdoc. Finally, Xero facilitates easier onboarding with access to specialists for the first 90 days.

It also offers an affiliate program for those who recommend Xero, in exchange for a referral fee.

Xero website

Access & connections

Where you can use Xero.

Platforms

Web

Capabilities

What this tool accepts, produces, and is strongest at.

Input

  • Tabular
  • Text

Output

  • Tabular
  • Text

Supported features

  • Finance & Accounting

Pros & cons

Pros

  • Inventory management feature
  • Analytics powered by Syft
  • Efficient accounts payable management
  • Easy expense claims
  • Establish bank connections
  • Easy online invoicing
  • Xero HQ for managing clients
  • Effective staff management tool
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  • Xero Practice Manager
  • Efficient compliance workflow management
  • Compatible with business apps
  • JAX for automated financial tasks
  • Actionable insights from JAX
  • Real-time public data access
  • Automatic bill pulling
  • Automatic receipt pulling
  • Integration with Hubdoc
  • Specialist access for onboarding
  • Referral program
  • Real-time reporting
  • Accurate compliance workpapers
  • Streamlined financial management
  • Centralized financial data
  • Automated invoice reminders
  • Customizable reporting
  • Trend analysis insights
  • Affiliate program for referrals
  • Safe and secure cloud
  • Paperless record keeping
  • Automated bank transactions reconciliation
  • Integrated with other apps
  • Real estate accounting software
  • Retail business accounting software
  • Constructing trades accounting software
  • Accessible online support
  • Permits one month cancelling
  • Partner Program for accountants
  • Affiliate program for publishers

Cons

  • No offline mode
  • Limited customization options
  • No multi-language support
  • Lacks advanced reporting features
  • No integrated payroll
  • Reliant on third-party apps
  • Limited support channels
  • Requires continuous internet connection
Show 2 more
  • Not designed for large businesses
  • Limited training resources

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Releases 1

Initial release February 28, 2024 Current
Initial release of Xero.
Xero Free + from $3.75/mo