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About Xero Accounting Software

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Xero Accounting Software

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Lawyerist Rating for Xero

i

Rating Breakdown

Our Rating: 4.5/5

Our rating is based on our subjective judgment. Use our resources—including our rating and community ratings and reviews—to find the best fit for your firm.

Community Rating: 5/5 (based on 1 rating)

The community rating is based on the average of the community reviews below.

Composite Rating: 4.7/5

The composite rating is a weighted average of our rating and the community ratings below.

4.7/5

Product Details

Apps
  • Android
  • iOS
  • iPadOS
  • Web

Core Features

For Accounting & Bookkeeping, the following are essential features, and you should therefore expect to see a check in every box in this section.

Yes
No

Free Trial

Bookkeeping

Double-entry bookkeeping.

Connect Bank Accounts

Link your bank accounts for up-to-date transaction information with little or no manual data entry.

Billing/Invoicing

Online Payments

This means the ability to accept credit card or echeck payments within your accounting software, either through its own payment portal or via a third-party integration like PayPal or Square. Most online payments involve a separate processing fee.

Timekeeping

Mileage Tracking

Keep track of miles traveled visiting clients or heading to the courthouse, making it easier to tally for taxes or billing purposes or add to your expense reports.

Bill Payment

Pay your firm's bills without leaving your accounting software.

Statement Reconciliation

Helps with the complex task of balancing your business accounts. Does not necessarily include more advanced reconciliation features like three-way trust account reconciliation.

Payroll

Payroll includes automatically calculating employee taxes, printing checks, and paying by direct deposit.

Tax Preparation

Some accounting software can also be used to prepare taxes for your firm so you can review, approve, and even pay your taxes all in one place.

Reporting

Businesses need reports to help assess key business performance indicators like profit and accounts receivable. Some products have more robust reporting features than others.

Foreign Currencies

Check Printing

Contact Management

Store contacts for invoicing or billing purposes.

User Management

Manage multiple users, including your accountant and tax preparer, or multiple billers or timekeepers at the firm.

Compare Xero Accounting Software Similar Products

Select another product to compare:

Xero Accounting Software

4.7/5

Xero Accounting Software Logo
Pros
  • Price
  • DIY
  • Cloud-based
Cons
  • Lack of Integrations
  • No HR
  • Not for Large Firms

QuickBooks

4.2/5

Image of Quickbooks logo
Pros
  • Integrations
  • Broad Usage
  • HR Resource
Cons
  • Expensive
  • Complex
  • Need a Bookkeeper

Bench

4.5/5

Bench Bookkeeping Accounting Logo for Lawyerist Affinity Benefits Partner program
Pros
  • DIY
  • Bookkeeping Service
  • Cloud-based
Cons
  • Lack of Integrations
  • Not DIY
  • Need a Bookkeeper

ZipBooks

4.5/5

ZipBooks Logo
Pros
  • DIY
  • Free Tier
  • Project Accounting
Cons
  • Lack of Integrations
  • No Check Printing
  • No Payroll

Xero Accounting Software Community Reviews

5

Based on 1 Reviews

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Anonymous

5/5

“Xero is great accounting software.”

September 5, 2017 1:09 PM

Xero is really great and flexible accounting software.

REVIEWS (1 out of 1)

Additional Details about Xero Accounting Software

Migration. Xero allows you to import data from other programs in both TXT and CSV format. It also allows you to import from a QuickBooks file format with Xero’s conversion tool, which converts US QuickBooks accounts from QuickBooks 2007 or later. It can automatically convert the current and previous fiscal year, and you can convert earlier years by purchasing one of Xero’s add-ons. Unfortunately, Xero cannot convert payroll information, closed purchase orders and quotes, or bill reference numbers.

Security. Xero has industry-standard data encryption, and backs up your account daily across multiple servers. It also encrypts your data when stored on its servers and when transferring your data between its own data centers while backing up or replicating your data. Zero also offers two-factor authentication. Physical access to the data centers is monitored 24/7 and Xero performs regular security audits.

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