Xero

Who Xero Is For

Xero is a good fit for firms looking for a feature-rich, all-in-one accounting software solution, particularly given its wide variety of integrations. It is also relatively inexpensive, particularly because it does not charge on a per-user basis. And if you are a productivity tinkerer/lifehacker type, Xero may very well appeal to you because of those add-ons and integrations. Remember, though, that the lowest tier does not include payroll or multi-currency support. (For what it’s worth, at Lawyerist, we switched our own books to Xero at the beginning of 2014, and we’re definitely a little happier with Xero than with QuickBooks online).

Xero Features

Things You Might Want To Know About Xero

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.

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.