This is a hidden deal that Xero has for the customers of their major partners like GoDaddy and BrandCrowd. Usually they do 90% off for six months, but this one is totally free so I though I'd share it with you all.
Westpac is also offering 1 full year of MYOB to its business customers for those that are interested.
Yeah, but accountants keep pushing it as if without it life is so hard!
Accountants keep pushing it because they are known to give great rewards (kickbacks) for introducing clients. Better firms don't give a rat's and will comfortably draw your figures from any platform.
Wish we'd never listened to our former accountant all those years ago and switched. But, so long as she enjoyed her holiday for being Top XX in her region that year!
Xero doesn't scale as company grows. Ask me how I know.
Because it really makes your life easy. Im using it for my accounting. Been through MYOB and Freshbook while they are cheaper they are not as good. Especially since many PoS software integrate so well with Xero too. Im annoyed at their new customer deal while im paying 70$ a month but for 2$ a day it does make my life so much easier and many bookkeeping task less tedious.
I use it and have no problems. if you know how to use it makes life easy… but its not cheap, worth the money for me though
Any decent comparable alternatives though that have the same level of features?
Zoho Books / MYOB
Xero is a great product, used it for years.
I need discount for existing customer, price jacked several times already.
They're not going to give you a discount. You can't go anywhere. Welcome to vendor lock-in. Enjoy your stay!
Exactly. Try to export your file to take it to MYOB. Oops, that's not an option, congratulations you're stuck.
Move to different software and of fy
Difficult to move after you used
Yeah by manually entering a trial balance and all opening creditors/debtors. Now you have no history. It's shit.
Any deals for St George customers?
We use Xero and pay a lot per month. Would love a discount…
How does this compare to NetSuite ?
Not comparable at all. I do ERP Consulting for a living. Xero is an accounting software. NetSuite is an ERP. Totally different products
Anyone else using easy business app? Name sounds bad but find it super easy and very cheap compared to the big ones.
I'm still using MYOB Accounting v15. It must be 20 years old I think! Still works fine. Does more than I need it to and no subscription fees.
Any Accounting software that keeps track of Dr/Cr is solid regardless of age. Accounting hasn't changed in over 500 years and it never will. While laws, regulations and marketing trends change and evolve, Accounting is the one true system that will live on forever. It's the most perfect system we have as a society, spanning hundreds of cultures, regimes and ideologies. The logic is bullet proof and it's constant. It will remain constant throughout every major disaster humanity faces all the way into the heat death of the universe if any form of consciousness somehow makes it that far. It's the most efficient way of communicating vital information that societies rely on to build and expand. Businesses, colonies, empires. It's truly beautiful.
How do you do STP? How aboutthe upcoming Payday Super?
That's not necessarily from the accounting software.
You can have a separate app just to do payroll and make accounting journal entries.
They have a cheaper Ignite Plan, if you don't have a lot invoice to issue.
Hi with Zoho books lot cheaper and does most of the same things, plus you don't have to beef up your accountant's tier
Very strong vendor lock-in and Xero is literally the most expensive solution these days, make sure you look around and understand what you get for what you pay.
Reckon, MYOB, QuickBooks, Easy Business App. All reliable, all do what micro businesses need. All do it for less.
Yep, Xero made it so XPM (Xero Practice Manager/Xero Tax) is free for accountants who manage Xero clients so it is very attractive to practitioners, and that knocks on to the business owner. Xero knows they own the market now and are in a big rush to command huge price bumps for zero extra functionality (enshittify I believe is the correct term).
Of those you listed QuickBooks is probably the one I'd go for. To me it felt needlessly complicated and clunky but it's the best alternative I've tried.
MYOB is a certified nightmare, particularly if you use a Mac - their "cloud" website is a wrapper over a hosted MYOB file, and versus opening the file in the desktop app it doesn't have feature parity, nor can you guarantee identical results.
You didn't like Reckon One?
Q b is a good alternative
Do you technically have to be a customer of Bandcrowd? It says the next step is that they'll contact you…
No you don't. You can setup your account straight away and nobody will call you.
how to get the 1 year free offer via Westpac ?
That's for MYOB and Westpac business customers
https://www.westpac.com.au/business-banking/transaction-acco…
Xero is expensive but its also very good, multiple users, bank feeds, Batch ABA payments, payment reconsilation, statements, automatied Super, simple payroll, leave and BAS system, inventory management and spoliage write offs can all be done quite easily.
PDF to bill is also a great feature, everything you pay has a pdf linked to it, stored on their server so it won't be lost, don't have to stress about filing stuff away for 7 years in case of an audit, it's all saved on xero.
We still pay an accountant to do our EOFY books, when xero is well maintained it's hardly any billable hours for them, which probably makes it pay for itself.
If you are a sole trader there are probably better value options out there, but for a small / medium buisness with multiple remote office workers it's well worth the money for our business.
Extremely basic features are missing from Xero. The latest issue I've had is credit notes. They aren't received into bills from email. Why? They can't be batch allocated within a debtor or creditor, you have to allocate one at a time. Why? They can't be taken up with invoices when reconciling bank transactions. Why?
If you have accounting experience and are in anything but the smallest business, Xero will drive you insane in no time. The reason they have gained traction is they have a pretty (but slow) web interface, that appeals to ma and pa that don't know what they're looking for. Practice manager is free so firms will push it.
Any monopoly is bad. You could argue that xero isnt a monopoly but who do you kid
I ran old MYOB desktop software years successfully avoiding the software service model.
Stp started and I used Payroller- which was free.
But it was getting a lot more difficult, I was making a few mistakes which then took time to rectify and then Payroller started charging.
At the time I was researching, I’d been trying to avoid Xero having read a lot of peoples negativity.
Yet, for my payroll needs Xero was a bit cheaper than myob. The new myob also looked completely different to me, so I didn’t feel like staying with myob had any benefit of familiarity
Now I’m using it, I know it will be hard to change but in my even basic usage (5-6 employees pay, expenses and income) it’s great, saves me time and my accountant said about $500-700 in billable hours when the full transition is complete, plus I’m now setup for payday super.
Worth the 1200 a year? I think so. Let’s hope it doesn’t keep rising.
I get a lot of invoices that need to be paid. Can this tool automate it for me ?
The actual paying? No. You can batch invoices (sorry bills as Xero annoyingly calls them) and export an ABA.
Interesting. Might need to look into that as it's all manual currently
Is there any good app to do cash flow forecasting on xero
?
We have a subscription to Fathom. Meant to be good, haven't made use of it yet (I didn't procure it).
Xero has this built in.
Prices go up for existing customers to fund these promos
Reviews look horrible lol