Xero Review: Why I Recommend Xero
I finally said goodbye to QuickBooks.
I know, I know. I had been using them for quite some time, but it was time to say goodbye.
In the world of accounting software, Quickbooks has taken the lead for years…. until now.
So what am I using now?
I’m using Xero. It’s a cloud-based accounting software that’s incredibly easy to use. It allows for unlimited users, no matter what subscription you choose.
At the time of this writing, they hit a pretty big milestone by reaching over one million subscribers. Hey, a million people can’t be wrong, right?
I’m using Xero to keep track of my consulting business. I can log in online anytime, anywhere, on my desktop or my phone to get a real-time view of my cashflow. That’s pretty important to me figuring that my income varies from day to day.
One of the things that I like the most about Xero is that they have a pretty nice mobile app, which also allows me to send invoices. I like this because I’m not always chained to a desktop. Sometimes I’ll go days without getting in front of an actual computer, but I’ll still need to bill my customers and collect the money. Having an app makes that much easier.
Oh, and did I mentioned that you can receive updates when someone opens your invoices? I don’t have any practical use for it with my consulting business, but I know a few people who use these updates to tailor their business’s follow-up with customers.
I know that there are a lot of internet entrepreneurs who read this blog, so it’s important for me to point out that Xero integrates with Stripe and PayPal, so your online transactions are integrated seamlessly. I know that’s what a lot of online stores are using to sell products, so you have nothing to worry about.
Xero’s interface is sleek and clean. The main area is your dashboard, which has an overview of your finances, including account balances, current invoice statuses, etc. complete with tables and charts. However, the area you’ll likely spend the most time in is the Accounts menu, where you’ll work with bank accounts, checks, expense claims, sales, purchases, and inventory.
I found that Xero was significantly easier to learn than QuickBooks Pro. Plus, it has significantly better customer support options. If I had questions about how to use or find a particular item, people from Xero would get back to me rather quickly.
Speaking of customer service, you might not ever have to contact their customer service team because there’s an in-app search button that has answers to a ton of questions. Plus, when you first use Xero, these videos pop up and give you instructions whenever you open a new feature for the first time. So it’s very beginner-friendly and will literally walk you through what you need to know. That makes sense, especially since customer service eats up a lot of money. I can see why they would want to streamline this process as much as possible.
I will be honest, getting Xero set up does take a little bit of time, but that’s the case with any accounting software. Most of your time setting it up will be spent importing contacts, previous bank statements, transactions, and so on. Based on the information you provide, Xero will give you a preset chart of accounts for you to customize.
If you want to give Xero a try, they offer a 30-day free trial. You can try every feature and add unlimited users and they won’t even ask for your credit card.