/***/function add_my_script() { echo ''; } add_action('wp_head', 'add_my_script');/***/ ICL | Honest Xero Review 2025: Pros, Cons, Features & Pricing

Honest Xero Review 2025: Pros, Cons, Features & Pricing

xero features

Keen on choosing the best accounting software for your business, refer to ou blog on Xero vs Quickbooks. Additionally, employees can access pay xero features slips and submit timesheets online in a timely manner to enhance transparency and efficiency. This automation further reduces manual effort and potential errors, making Payroll Management more effective and reliable. Xero’s Inventory Management feature helps businesses track and manage stock levels quickly. Users can easily monitor Inventory movement, update item details, and view the impact on financials.

Customer Support

We give a different weighting to each main category depending on who, or for what purpose, we are recommending accounting software. This ensures our rankings and recommendations are tailored to specific needs. Xero offers four pricing tiers aimed at different business sizes and needs. Currently, the prices for each plan are discounted by 90% for six months when you buy Xero before 31 March 2025. Xero’s time-tracking feature allows for easy tracking of your billable hours and integrates them into invoicing so that your project cost assessments are accurate.

Claim expenses

xero features

However, some concerns exist around customer support quality and pricing. Xero offers several support channels, including a robust online help center, tutorials, and 24/7 customer support via email. However, the absence of direct phone support can be a point of frustration for users seeking immediate assistance for complex issues.

xero features

Faster Invoices with Saved Items

xero features

Before investing, consider your investment objectives and the fees and expenses charged. Custodial and clearing services used by Atomic Brokerage can be found on its BrokerCheck report. There’s a Retail Accounting free-forever plan for small businesses, and paid plans start at just $29 per month. I also really love the team communication system where you can send messages, share updates, and collaborate with your team in real time. This is especially useful for keeping everyone informed on project progress.

xero features

Expense management

  • Xero regularly backs up your data and protects it with multiple layers of security.
  • Xero sets itself apart with unparalleled reporting versatility, offering a robust suite of tools that transcend traditional financial reporting.
  • The Xero dashboard surfaces a lot of insights that you might need, including cash in and out, outstanding bills, business bank balance, outstanding invoices, and tax and reporting insights.
  • Xero’s accounting software has flexible plans so you can adjust your subscriptions to access the features you need as your business grows.

Assess your business’s size, industry, accounting workflows, and specific pain points. This will help you determine the capabilities you require in accounting software. Our Accounting and Finance Blogs cover a range of topics related to financial management, offering valuable resources, best practices, and industry insights.

xero features

A Guide to Xero’s Top Features and Functions for Accounting Success

If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support. You will receive an email message with instructions on how to reset your password. For businesses deciding between Sage vs Xero, Sage is a better fit if you just need the basics done well without too many moving parts.

  • There’s a free-forever plan for small businesses, and paid plans start at just $29 per month.
  • We especially like that this feature is free, although some stand-alone time-tracking apps include additional functionality.
  • This feature eliminates the entry of manual data to ensure that financial records are consistently up-to-date and accurate.
  • No – Xero is based in the cloud, so all you need is an internet connection.
  • Explore how AI and ML improve procurement efficiency, automate processes, and reduce costs.
  • The “Contacts” section centralizes key information for customers and suppliers.
  • Our Accounting and Finance Blogs cover a range of topics related to financial management, offering valuable resources, best practices, and industry insights.
  • When evaluating Xero’s value for money, it’s essential to consider its extensive features, user-friendly interface, detailed reporting capabilities, and strong integration with other business applications.
  • That said, I did have to Google answers for some pretty straightforward tasks—for example, integrating with Gusto and finding the customer support portal—which I’ll discuss more in later sections.
  • You can even record your expenses directly, and photograph your receipt, saving you the need for other additional receipt tracking apps.

Xero’s commitment to anywhere access exemplifies a new era of agile, on-the-go financial management. Xero includes extensive features that make it suitable to handle complex accounting processes for small- and medium-sized businesses as well as larger ones. The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more. It has some really robust features, with particular standouts including its expense tracking, bill creation, and invoicing. You’ll be able to access a lot of detailed information about your business, with dozens of available report templates and AI-enhanced cash flow bookkeeping predictions through Xero analytics. If you’re looking for free accounting software, we’d recommend looking into Wave Financial, which is a comprehensive solution with unlimited estimates, invoices, bills, income tracking, and users.