For those running small businesses, this feature is desirable, as it allows users to view their transactions and account information from just about anywhere. The added benefit of Xero’s platform is that it can be accessed from virtually any device as long as it’s connected to the Internet. Xero, like most accounting software today, is web-based. As one of our team members noted, the terminology used within Xero is simplified and considerably easier for the average person to understand (for example, it uses the term “Purchases” rather than “Accounts Payable”). Much of the feedback from Xero users has mentioned the fact that it seems to be more user-friendly for those users who do not have a background in accounting (this was named as a benefit in comparison to QuickBooks, which some users who lack any accounting knowledge have found harder to understand). company could add an entry for a bill in British Pounds, and it would automatically be converted over to U.S.

One selling point of Xero software is that it automatically converts entries made in different currencies. Our Accounting Services team here at FF&F has first-hand experience using Xero, and this blog aims to present some of the general benefits and points related to Xero based on their experience. The question that has come up for many since Xero has begun gaining popularity is “should I use this software and why or why not?” While the answer to this will vary depending on the individual company’s needs and nature of the accounting background of the individual(s) who would be using the software, it’s good to be aware of the pros and cons of any program or software before opting in to purchasing a subscription. The company markets itself on a platform that highlights the importance of small businesses to our global economy, boasting over 850,000 subscribers worldwide to date. Xero, like QuickBooks, is a cloud-based software that assists its users with organizing and carrying out standard accounting and bookkeeping functions. If you haven’t already, it’s likely you’ll begin hearing more about Xero accounting software, an alternative to QuickBooks that has been used by an increasing number of small and midsize businesses over the past several years.

What is xero accounting software