A professional-looking invoice is essential for getting paid, so this is something to note for businesses that send out many invoices. That said, we found it easy to convert a quote to an invoice, and invoices have drag-and-drop lines that make it easy to reorder items on an invoice. Conveniently, you can attach files, such as a document or a photo of the work you completed, to invoices. The bills window is presented in a tabular format, wherein you can see pertinent billing details like vendor, invoice date, due date, amount paid or due, and the status of the bill. Navigation is very user-friendly—everything is laid out neatly, and it’s not complicated, even for first-time users.
Some products have more robust reporting features than others. Things start out at the Dashboard, which is just that; the area that lets you move into the other sections of the site and from which you can manage the overall way it ticks. The layout is, on the face of it, pretty simple with a user-experience that delivers quick and easy access to core features. These are found via a top menu that houses not only the Dashboard, but Business, Accounting and Contacts options too.
How much does Xero cost?
When you’re done adding tasks and estimated expenses, you can send a quote to the customer. Additionally, you can track time spent on each task using the time tracking functionality or add time manually. Xero’s pricing compares favorably with that of other accounting software we reviewed. Popular alternatives, such as FreshBooks and QuickBooks, cost at least $15 a month without introductory discounts, while Xero’s entry-level plan is slightly less expensive, at $12 per month. Unlike alternatives such as QuickBooks, Xero includes time tracking.
You can manage any of the accounts you have connected to Xero in the bank accounts screen seen above. You can also add an additional bank account or transfer money between accounts from this screen. Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced Xero Review by compensation. Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe.
Automated Bank Feeds
Reports on fixed assets are used to monitor the depreciation and disposal of your assets. Inventory management reports can help you see the flow of your inventory over time. From these reports, you can also see which items are the most popular or which ones aren’t. The sales reports let you see your receivable invoices during a certain period in many ways. From these reports, you can identify which one of your customers is the slowest and which one has a longest-overdue invoice. If it’s a billable expense, you can assign the bill to a customer.
Finally, the $65 “Established” package adds multiple-currency functionality, project tracking, expense claiming, and in-depth analytics. Last, but far from least, using accounting software can help you prepare reports for investors. Xero has had even more new features added and, as cloud-based services go, this currently has to be one of the most fully featured options on the market. The higher tier plan that customers purchase, the more features they will have access to, like project management tracking with the Established plan. Considering all the customer reviews and great benefits that Xero offers, you may wonder if this is a good match for your business and its unique needs. Let’s take a final look at some of the reasons customers continue to select Xero for their accounting software needs.
However, they are widely used and customers appreciate them for their flexibility, wide range of capabilities, and comprehensive platform. FreshBooks is a simple accounting software great for freelancers or sole proprietors. They offer a straightforward service that is easy to use and https://online-accounting.net/ supports double-entry bookkeeping that can grow with businesses as they scale up operations. All in all, this gives users more control over the money that’s leaving their business and ensures that all accounts receivable and accounts payable transactions are being taken care of.
- Xero helps transform the data you enter into actionable information at every subscription level.
- 86% of Xero employees would recommend working there to a friend based on Glassdoor reviews.
- You can create and add tasks that will be used in time entries, as well as documenting and estimating expenses.
- She graduated summa cum laude with degrees in English and Psychology.
- The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more.
If you are interested in trying Xero, sign up for a 30-day free trial. All of these packages provide strong value, although we are always a bit disappointed by how limited the Early plan is regarding billing. Time Zones can be challenging, but you need to have a level of self management ands this is easily managed. Company is growing so fast it is hard to know the org chart sometimes. Company allows every person to take the time off that they need to live a comfortable life. They are always investing in ways to improve the culture and environment everyone works in. The office is in a great location but also allows for a flexible WFH option.