Xero Accounting Software – Advantages and Disadvantages

With the increased use of technology in our daily lives, businesses too have now started to use more and more technology in their day to day operations. This means that the practice of bookkeeping has also evolved eventually requiring businesses to make use of bookkeeping software to keep up with the modern-day requirements of running a business successfully.

Xero is a software which takes care of the financial aspects of your business and helps you keep things in order. However, with every new thing that surfaces on the internet, it comes along with its own set of advantages and disadvantages. Listed below are a few advantages and disadvantages of the software Xero, however, ultimately it boils down to personal preferences. If you want to avail Xero accounting service in Melbourne then take into consideration the below listed to make an informed decision.

Advantages

One of the biggest advantages of this software is the fact that it is easy to use and understandable. People believe that the software is good for those who are beginners and do not have a background in accounting. For instance, a new entrepreneur who has no prior background in accounting can quickly develop an understanding of how to make optimum use of this software.

It is also important to note that the terminology used is very simple and easy to understand. For example, instead of using accounts payable, they use purchases, which an average man can understand. Another advantage is that the program is web-based which means it can be accessed at anytime from anywhere. With the Internet being accessible almost everywhere, you can access your books at any time you need.  Also the program lets you add support documents which can really help businesses, as you can take pictures of receipts and add those for clarification at the end of the month. Lastly, the program can easily be integrated with other programs so that a few aspects of the business can be run alongside each other, which is very beneficial for other business owners.

Disadvantages

One of the downsides that you will explore in the software is the report section. People believe that the reporting capabilities in the program are not up to mark and not as good as they should be. If you run a business that runs reports very frequently then this might not be the right software for you. However, if you do not, then Xero might be perfect for you.  Another disadvantage is that Xero has been criticized for the customer support service they provide. It is said that they do not help the customer when they need their help and can at times leave them stranded. For something that deals with money and accounting, not responding can be risky and can cause issues to customers. Many customers believe having a telephonic line really is essential for the company.

The software is appreciated by many while on the contrary; others prefer not to make use of it. However, keeping the advantages and the disadvantages aside, it majorly depends upon the needs of a business and whether Xero can be a good fit or not in that particular scenario and need.