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The Only Personal Finance Tool That Integrates With Xero

May 10, 2021
Bill Kimball

xero for personal use

CountAbout lets you track spending, create and manage budgets, and set your categories. However, you can’t transfer money between accounts or pay bills. It’s primarily a budgeting app and doesn’t offer investing help. CountAbout does allow you to import data from Quicken, so for many of you, no matter what else is good or bad about it, this is all that will matter. It isn’t free to use, but it’s not expensive either.

Decided this was a must have. Tried Xero for a trial and was very disappointed. Compared to Wave the interface is clunky and time consuming. It looks like a program for an accountant rather than a small business owner. It may be good under the hood but so far nothing beats Wave for ease of use. Live chat support isn’t actually all that common where accounting software is concerned; most of the major players in the field don’t offer it. That may change as cloud accounting continues to become more popular.

I think the reason you may not be able to reconcile with bank feeds using the OK button is that the invoices need to be move from drafts, which is where they sit while being worked on. It may not look like sub accounts can be set up as they arent indented on the Chart of Accounts BUT you can easily set up sub accounts by using the numbering system. Just like any other accounting system you can have a header account, say an Expense like Motor Vehicle Expenses with all the other MV Accounts postioned under this Header as 42100, 42150, etc. A bit of lateral thinking and you are now using one of the best accounting systems I’ve ever used with sub accounts. If sub-accounts is important to your business, then this software is NOT the one for you. I’m sorry to hear that you’ve had a poor experience with Xero. I understand how frustrating slow wait times can be.

  • Many simple things is not allowed.
  • Supports multiple currencies.
  • MoneyDance is personal finance software for both Mac and Windows.
  • It sends invoices but also includes robust bookkeeping features and uses double-entry accounting.
  • Been stuck with them for 5 years.

We let you store, categorise and find your transactions; we let you make budgets; we help you keep your finances on-track. The ace up our sleeve is that we also forecast your daily future bank balances, up to 30 years ahead .

This means all your financial data is stored online – so you can access it anywhere, anytime, from any device with an internet connection. Xero connects you to all things business. Its online accounting software connects you to accountants and bookkeepers, your bank, and a huge range of business apps. Start a free trial today.

This gives you the understanding of where you’ll be financially at any point in the future, so you have the ability to make the best decisions today. PocketSmith is an NZ-made personal finance application, founded in Dunedin, New Zealand in June 2008. We are focussed mainly overseas, with 70% of our customers residing in the US, and the rest spread out over 180 countries. Most of our US customers have migrated from the free Mint.com, which is dominant in the USA, as they find that our paid product offering has more advanced features that they need. Candice Elliott is a substantial contributor to Listen Money Matters. She has been a personal finance writer since 2013 and has written extensively on student loan debt, investing, and credit. She has successfully navigated these areas in her own life and knows how to help others do the same.

What Is The Best Personal Finance Software To Use?

The software is available for macOS, Windows and Linux, as well as Android, and it’s highly recommended that you try out this great tool before you consider any of the paid-for alternatives. GnuCashis simple enough to be used for home finances, but flexible enough to be put to use by small businesses as well. SlicpPie is very easy to use- there is no training required to use the product. The occasional time I need help, I have found it’s support system to be outstanding.

Xero Established ($60 per month) is the only version to offer multiple currency support. It also supports projects and Xero Expenses. Xero allows for an unlimited number of users per organization. Small businesses or startups looking for an affordable tool to manage accounting, inventory, order fulfillment, invoicing, billing, online payments, bank connections, and multiple integrations. QuickBooks Online is our top pick for accounting software! Try it today and find out how it can save you time and money. You can find all our accounting software reviews here.

We examined 13 software companies before settling on the five best accounting software solutions. Key factors used in the consideration of the best accounting software included cost, ease of use, reputation, and functionality. Proving that free personal finance software doesn’t have to be complicated, Buddi keeps things about as simple as they can be. In a matter of minutes, you can set up all of the accounts you need and start keeping track of your incomings and outgoings. You can add an unlimited number of accounts to the program, and they can be linked to each other to allow for easy money transfers – it is all entirely dependent on manual editing, though. With enough data entered, it’s possible to generate all manner of reports, including helpful predictive reports for car ownership and the like.

The average cost of fully functioning business accounting software for a small business is around $50 per month. Payroll services are the most common add-on to business accounting software, which can range from $30 to $150 per month depending on the number of employees or contractors. For businesses, complex accounting could include inventory, payroll, and loans.

Freshbooks has exceptional time tracking tools that allow users to enter the number of hours worked each day for record-keeping purposes. You can even assign workers or staff tasks and maintain useful information such as rates, names, and billable status to each project. If you are in the market for a good personal finance and accounting software, you will be glad to know that there is a whole breed of online accounting software made for sole entrepreneurs. The good thing is that most of them are very affordable and come with advanced features like quarterly income tax calculations, integration with major banks, and others. FreshBooks is cloud accounting software for both freelancers and small business owners. It sends invoices but also includes robust bookkeeping features and uses double-entry accounting. Xero is the #1 cloud-based accounting software.

affordable Professional Level Accounting Software For Small Business

It’s worth mentioning that this application supports importing, so you can easily import data from other financing software such as Quicken, Mint, and others and continue where you left off. Create budgets, reports, and forecast your money 30 years into the future! With 12,000 bank connections worldwide, you’ll be able to connect all of your accounts in one place for a full financial picture.

You’re required to assign each project to a contact, and you can give it a name and deadline, estimate its budget, and prepare detailed quotes. Each project has its own home page that displays a running tally of time and expenses charged toward the budget estimate, as well as the amounts that have been invoiced and estimated. Xero had just introduced a new expense-tracking system when I reviewed it last year. The Expenses tool provides a better user experience, enhanced functionality, and more flexible user permissions in both the mobile apps and the browser-based version.

The guys and girls at Xero do care about you, and we’ll also work hard to ensure a seamless transition and great customer support. In the meantime, we’ll be focusing on the necessary renovations to ensure that you’ll feel at home.

xero for personal use

Since it’s clearly labeled as “Sales Chat” and not “Chat Support” I don’t see it as a bait-and-switch, though I can certainly see where you’re coming from on that. You can re-activate your subscription and then access your datas by contacting Xero support. Thank you for taking the time to detail your experience – that’s very helpful info for me to have. Regarding re-doing your books, I understand your desire to switch programs as soon as possible, but have you tried uploading the missing transactions in a csv document to Xero?

The CRM App provides all the sales date info that Xero doesn’t, plus much more. However, this means that the my monthly subscription fees doubles. I think I may have to go back to Reckon Accounts. I can’t speak to features and functions, I’m administrator. I can speak to their support – this is the type of company that gives software a bad name.

Thanks for your review, and I’m glad to hear that Xero is working out so well for you! Please feel free to post updates as you continue to use the software. Xero does have a JobReady integration, and it can track direct debit payments. As for forecasting recurring revenues, it depends exactly what you need.

How Much Does Xero Cost?

The rep we spoke to was extremely helpful and offered a thorough explanation of Xero and its features. A nice aspect of Xero is how easy it is to set up. It gives you several starting tasks to acquaint you with the online accounting solution, such as connecting your business bank account, adding a customer and creating your first invoice. Many of the pages have how-to videos and links to a step-by-step guide in case you need additional help. The interface is well designed and easy to navigate. Features are easy to access from the dropdown menus that are located across the top of the screen or from the cards on the dashboard. Being able to use the online accounting software on mobile is an added plus, and we’ve found that mobile apps are a staple of some of the best accounting solutions on the market.

xero for personal use

That is, until few days ago when one of the laid off contractors … get ready… deleted my entire company’s file. I would not trust this company with your sensitive data, as they have no regard for data security, privacy or even a slightest concern for paying customers. Reading the reviews on here, I can only conclude that the marketing department at Xero has been working overtime writing them. Our firm used this software for over 3 years, signing up clients on it all that time.


You can attach files to invoices, such as a document or a photo of the work you completed. You can schedule recurring invoices by setting the send date, frequency and end date. Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. PCMag.com is a leading authority on technology, delivering Labs-based, independent reviews of the latest products and services. Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology.

One of the most important features of accounting software for businesses and personal finances is expense tracking. By automating the process of tracking expenses, it is easier to collect and categorize tax-deductible expenses, which allows for major tax savings each year. Having been around for several decades, Quicken is one of the most established personal finance software on the market. You can use the software to manage various aspects of your financial life from budget creation to debt tracking, savings goals, and even investment coaching. The software features Excel exporting, which allows you to manipulate and perform additional calculations on your data. One of the more advanced features includes bill paying, which allows you to set up payments for your bills right from the software. You can even use it to track the value of your assets to have an accurate calculation of your total net worth.

xero for personal use

With Quicken, a household can manage and pay bills, track retirement and investment accounts, and design customized budgets. There is also a rental property management feature that allows individuals who own rental properties to track rental income and expenses. The ProAdvisor Program allows accountants and bookkeepers to participate in QuickBooks training courses and become a certified ProAdvisor. Customers can search the ProAdvisor Directory to find someone in their area for accounting assistance. There is also a QuickBooks Community forum where users can ask questions and find answers to common questions.

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My experience is that they will generally respond in under an hour to urgent issues (and if it’s a complex problem that’s difficult to resolve by email, they’ll give you a phone number to call). That wouldn’t be bad if Xero gave you some apparent way to group the small deposits – but they do not. Good customer service? Are you from another planet? If I could give ‘xero’ stars I would.