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Xero Accounting Software Review 2018 | Pricing and Features | Pros and Cons

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Xero Accounting Software Review 2018 | Pricing and Features | Pros and Cons
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The Xero Accounting software is yet another management software for small businesses all over the world, much like the Sage One Accounting. It is a cloud-based accounting software that can be accessed almost anywhere and at any time, provided there is an internet connection and also, an internet enabled device.

If you have been looking to invest in this software for your small business, here is a general overview and Xero Accounting Software review to help you make a better decision.

What is Xero Accounting Software?

The Xero Accounting Software is a web-based software that originally came from New Zealand but has gone to make a name for itself in the US and other prominent nations of the world.

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Once a small player in the accounting software pool, the management behind this tool have made sure to keep innovating and improving the product until they are now at this point where they have over 1.2 million subscribers to their name.

That has given other providers such as Sage One and Sage Business Cloud Accounting a run for their money. Even though they still retain a bigger market share, they are closely chased by Xero Accounting and run the risk of the latter company overtaking them.

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With such a large, budding and growing customer base and still room for improvement, it is not rocket science why a number of new small businesses might look to Xero for the handling of all accounting related tasks in their offices.

Xero Accounting Software Review 2018 | Pricing and Features | Pros and Cons

Xero Accounting Software Features

Why are many small businesses clamouring for the services of Xero Accounting Software when it comes to keeping their books the right way? There are some small details that only the core and long-term user will find out, but here are the distinctive features that an everyday user will come to appreciate on the platform.

  • Bank reconciliation
  • Contacts management
  • Intuitive dashboard
  • Expenses claim
  • Financial reporting
  • Attaching email to report data
  • Unlimited mail support
  • Inventory management
  • Invoices
  • Recurring invoices
  • Web-based access
  • Support for mobile phones
  • Support for multiple currencies
  • Payroll
  • Raising purchase orders
  • Tax management
  • Electronic bill receipts
  • Fixed assets and
  • GST returns

Pros

  • Xero Accounting packs support for unlimited users
  • The platform is highly scalable
  • There are numerous integrations on board
  • Although for small businesses, it is also suitable for larger organisations
  • Comes with advanced features
  • Customer support is amazing
  • Allows for double entry accounting
  • Thorough records
  • Inculcation of transaction forms
  • Affordable for small businesses
  • Contains no hidden fees

Cons

  • The learning curve is a little bit steep
  • Invoice templates are not that great
  • Project management doesn’t come with dedicated time tracking

Xero Pricing Plan

For all the above features, it is sure that they must come at a price. So that the software can meet you at every point of your need and not have to make you pay for more than what you’ll require, there is a progressive package plan in place.

Here are the packages offered by Xero and what the user gets when they subscribe to each

Xero Starter – $9 / month

The starter plan includes

  • 5 invoices and quotes
  • 5 bills and
  • 20 bank Transactions

Xero Standard – $30 / month

The Standard pack gives you

  • Invoices and Quotes
  • Bills
  • Bank Transactions
  • 5 Payrolls

Xero Premium 10 – $70 / month

The top-shelf Premium 10 offering gives users the following

  • Invoices and Quotes
  • Bills
  • Bank Transactions
  • 10 Payrolls
  • Support for multiple currencies

Xero Accounting Software Review 2018 | Pricing and Features | Pros and Cons

Wrap Up

If you have gone through this Xero Accounting Software review with us, you will agree that the software is worth all the hype. With a mountain of features and different pricing plans to choose from, the offer is battered in the way the software will grow with you as your business transforms from a smaller one into the bigger organisation you have in mind.

To round it all off, support for multiple platforms and web-based services to give you access from anywhere makes this a top pick for business people who like to consume information on the go.

We will like to hear your opinion of this software in the comments section if you are interested. For those that are using already, what do you love most about it, and what would you rather improve? For details, Click Here.

Paschal Okafor is NaijaTechGuide Team Lead. The article Xero Accounting Software Review 2018 | Pricing and Features | Pros and Cons was written by Owolabi Olanrewaju. The article was last modified: May 4th, 2018

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