Why cannot I just invoice John for 14.57 dollars, why do i need to add the 14.57 product? If a client orders something, in a new combination, or asks for a penny discount it is a new product. There is no such thing as group reconciliation:Īll the parties that bought in May for 10 usd should be reconcilied one '10 usd' invoice for may. So there might be automatic invoicing (which I couldn't really use) and manual reconciliation. I sell the same thing, many times (as you do with subscriptions) and there is no way that I found where I do not have to take the so many hours of reconciling everything manually. What is the least favorite part is the reconciliation. and you guessed, it, I sell subscriptions. But if you're a basic company, really looking more for just service based business, looking for accounting software, Xero's fantastic.Ĭons: It doesn't really handle subscriptions well. So things like, if you're a manufacturing business or you order in a lot of things through purchase orders, their purchasing function isn't great. There's a number of things that the system just can't do and that they will advise are not in their current product pipeline. Xero, well, it's great for basic bookkeeping, accounting, payroll is especially good. And it's that easy to find answers to 99% of the questions that you may have.įor anyone else looking at, potentially, adapting Xero, I'd say, give some serious thought to where you see your business in the next, let's say six to 12 months. So any time we ever needed help or advice, you can really just Google it.
At the start, you want to be able to get on the phone with someone, but their online community is really helpful and there's a lot of great answers on there.
And, really, within a few days I was navigating all over through the system and really had no issues from there. As someone with an accounting and finance background, Xero was very straightforward, really intuitive to use, especially compared to some big ERP systems I'd used in the past. So we could really get our company and our team up and running quickly. And for Xero, it really came down to ease of use, user friendliness and the fact that it had very robust payroll capabilities. We went through a rigorous process of looking at multiple basic accounting software, bookkeeping software packages. Obviously, the prior products aren't a bookkeeping system of any sort, they're really just more of a data collection storage pieces of software. Prior to Xero, our company was actually just using Microsoft Excel spreadsheets and, basically, a data room to store all sorts of accounting records, receipts, et cetera. And for more reviews like this, please click below. For Xero, I'll give it a rating of four out of five stars. I'm the General Manager of Group Finance.
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