Advice Hub

Xero Crowned the King of Finance Systems for SMEs

Insights

The results from our recent poll are in! We were curious about which finance system small to medium enterprises (SMEs) prefer. So, we turned to our LinkedIn audience for their insights, and here are the results! Xero has decisively outperformed its competitors, collecting a whopping 71% of the votes in our survey aimed at uncovering the most efficient and user-friendly finance tool for businesses.

But why do so many businesses prefer Xero?

User-Friendliness

One thing is clear: business owners love Xero’s ease of use. This system not only simplifies most accounting tasks but also makes managing finances almost a breeze.

Versatility with Apps

Xero isn’t just about basic accounting; its broad range of compatible apps allows it to adapt to various business needs, making it a robust choice for businesses that anticipate changes or growth.

Challenges and Considerations

However, it’s not all smooth sailing. Xero does struggle with period-based transactions, which can often require additional journal postings. For businesses seeking deeper insights, Xero’s basic tools might fall short, pushing them towards Excel or third-party business intelligence tools for enhanced analysis.

Sector-Specific Alternatives

While Xero leads for general use, we shouldn’t overlook sector-specific systems, which offer solutions that better cater to industry-specific tasks. These specialised systems might be a game-changer if your business has unique requirements.

The Future Landscape

The finance system landscape for SMEs is ever-evolving. Larger systems are keen to tap into this market, and interestingly, businesses with turnovers between £10-20 million may find these larger systems more suitable to their needs.

What Do You Think?

As trends shift and businesses like one of our clients move to Xero with a turnover of £13 million, where 98% of candidates supported the move, it raises a discussion about readiness and scalability. So, what do you think? Is Xero still the go-to finance system for your business?

Let us know if you have any more thoughts! Check out the original post and share your views in the comments.

More from our Advice Hub

Video

Christmas Podding: Day 16 – Handling Resignations in December 🎄

Welcome back to the We Do Grotto, where the tinsel is tingling, bells are ringing, and the...

Read More
Video

Christmas Podding: Day 17 – What Should Recruiters Do in December? 🎄

Welcome back to the We Do Grotto, where today’s topic is all about how recruiters can make the...

Read More
Video

Christmas Podding: Day 18 – The Best Interview Question and Cheese vs. Christmas Pudding 🎄

Welcome back to the We Do Grotto, where today’s chat dives into two of life’s toughest...

Read More
Insights

Why Your Hiring Process is Turning Top Talent Away (And What to Do About It)

6 min read
Published 6 months ago
Woman looking confused at computer

Your Hiring Process is Turning Top Talent Away.
In a market where great finance professionals are harder to reach, the smallest misstep in your hiring process could be costing you the candidate...

Read More
Video

Talent Over Skill Sets

Patrick McCubbin on LinkedIn:
I stand by this…Companies achieve greater hiring results when...

Read More
Insights

AI Is Changing Finance Teams in 2025 — But Not How You Think

3 min read
Published 5 months ago
Team meeting

Automation isn’t the threat. It’s the unlock.
There’s a quiet revolution happening in finance.
It’s not about replacing accountants with robots or handing over decision-making to machines....

Read More