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The accounting system you've always wanted

Developer description

Easily monitor your cashflow. Collaborate with your team and advisors in real time. Simply login ... More

Editor's review Page 1 of 2

Published 14 Oct 2011

There are some good vibes going around about Xero and it’s easy to see why. As an accounting package it’s very comprehensive but simple to use with a lot of the hard work usually associated with bookkeeping done automatically.

The invoicing function lets you create your own templates or use one of the many pre-loaded ones. These can be emailed or printed as a PDF. Multi-language and multi-currency can be handled with ease with the world’s exchange rates updated on the hour.

Getting paid is made easier with several options available to customers including credit card and PayPal. Customer statements can be generated and from the dashboard it’s easy to see who owes you money. I particularly like the receivables overview feature where due debts are shown on a graph. The name, amount and telephone number of the guilty parties can be revealed by simply hovering the cursor over the bar on the graph.

Expense handling is easy too with bank account and credit card data effortlessly imported. Automatic categorisation of items is done where possible and where manual creation of a category is required the system will learn and react for future entries. The flexibility of this function is good and should greatly speed up the previously time consuming issue of bank reconciliations.

The dashboard is at the heart of xero.com and from here you can see overviews of all relevant data and also drill down for the specific detail of any aspect. The clarity of the graphs...