Xero | Workflos AppStore

Xero

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Xero is a global small business platform that offers core accounting solutions, payroll, workforce management, expenses, and projects. It has an ecosystem of connected apps and connections to banks and other financial institutions. Xero offers automatic data entry, smart bank reconciliation, online billing, automated financial reporting, business dashboards, and integration with other apps. Accounting and bookkeeping practices gain access to efficient compliance tools, smart practice management software, and a cloud-based single accounting ledger for every client, in one place.

Website

https://www.xero.com/

Developer

Xero (1001-5000 employees), Wellington, est. 2006

Suitable for enterprise

Startups、SMEs、Enterprises

Strengths

Ease of use

Intuitive interface and simple navigation
Automation

Automated bank feeds and invoicing
Collaboration

Real-time collaboration with advisors and team members

Weaknesses

Limited features

Lacks some advanced accounting features
Pricing

Pricing can be expensive for larger businesses
Customer support

Customer support can be slow to respond

Opportunities

Opportunity to expand into new global markets
Opportunity to integrate with other software and platforms
Opportunity to improve mobile app functionality

Threats

Competition from other accounting software providers
Changes in accounting regulations could impact the software
Security breaches could damage the reputation of the software

Ask anything of Xero with Workflos AI Assistant

https://www.xero.com/

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Review Distribution

👍

High - rated users

No information available for high-rated segment.
🤔

Average - rated users

Customers in the mid-rated segment have expressed concerns about the lack of customisable reports, aging in statements, support for state payroll tax, and the way Xero counts credit cards as an asset instead of a liability. They have also mentioned issues with bank reconciliations and the lack of response from Xero staff in Xero Central.
👎

Low - rated users

Customers in the low-rated segment have expressed regret after moving from Reckon Accounts desktop to Xero. They are looking for alternatives and have not mentioned any pros.