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  1. #1
    Join Date
    Jun 2008
    Location
    Auckland
    Posts
    8

    Thumbs up Have you used Xero to manage your property?

    I am interested to know if anybody using Xero.com to manage their property.if yes what do you think about it?
    Last edited by Wise Advice; 12-06-2008 at 06:55 PM.

  2. #2
    Join Date
    Nov 2005
    Location
    Taupo
    Posts
    309

    Default

    I was thinking about it...I am going to accountant next week to discuss. Looks good and I've had a few good comments about it from someone else using it...anyone else?

  3. #3
    Join Date
    Jun 2008
    Location
    Auckland
    Posts
    8

    Thumbs up we are using it.

    We use it to service our clients and I think it is great but I wanted to know your guys opinion as property investor.
    I am happy to have a chat and see whether its a good solution for you or not.

    Cheers
    Brad

  4. #4
    Join Date
    Aug 2003
    Posts
    7,763

    Default

    I am confused the thread was started with a 'thumb down' icon however I am getting the impression the company or it's product may be worth a go?

    Welcome to the forums Wise Advice.....what has been your experience?

    Cheers,

    Donna
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  5. #5
    Join Date
    Oct 2003
    Posts
    3,578

    Default

    My understanding is that you dont buy software, you pay an annual charge.

    I have also heard it is very good (better than MYOB) and more flexible to changes.

    However, depending on the price, it may require a certain size to make it worthwhile (ie. more than a couple of properties).

    New Zealand made and owned (listed on NZX) if that sort of thing floats your boat as well.

  6. #6
    Join Date
    Jun 2005
    Location
    Wellington
    Posts
    1,112

    Default

    I like the web interface, was considering it myself for my (non-property) business. Expensive though at $50 per month relative to a one-off cost for MYOB.

  7. #7
    Join Date
    Jun 2008
    Location
    Auckland
    Posts
    8

    Thumbs up

    Thank you Donna, I thought it is a question mark and didn't realize that is thumb down sorry I am new

    1-it is online so you can check it from anywhere with pc or Mac or Vista!
    2-becuase it is online they update it almost everyday
    3-your bank account will be fed automatically to Xero everyday so you can check your business performance everyday
    4-you can check if your tenant paid and reconcile your bank everyday
    5-you can invite your accountant or property manager to look at your accounts, don’t need to send them file ..
    6-cost $49 per month (we change $69 including your tax return for the property and 2 personal)

    You can try it for free and let me know what you think, I want to know your opinion
    Last edited by Wise Advice; 12-06-2008 at 08:52 PM.

  8. #8
    Join Date
    Jan 2005
    Location
    Turkey/NZ
    Posts
    1,821

    Default

    Quote Originally Posted by Wise Advice View Post
    Thank you Donna, I thought it is a question mark and didn't realize that is thumb down sorry I am new

    1-it is online so you can check it from anywhere with pc or Mac or Vista!
    2-becuase it is online they update it almost everyday
    3-your bank account will be fed automatically to Xero everyday so you can check your business performance everyday
    4-you can check if your tenant paid and reconcile your bank everyday
    5-you can invite your accountant or property manager to look at your accounts, donít need to send them file ..
    6-cost $49 per month (we change $69 including your tax return for the property and 2 personal)

    You can try it for free and let me know what you think, I want to know your opinion

    Hi Brad,

    Are you connected in any way to Xero? No worries if you are, however that would place this thread in caveat emptor section..

    Cheers
    G

  9. #9
    Join Date
    Oct 2003
    Posts
    3,578

    Default

    Quote Originally Posted by Wise Advice View Post
    6-cost $49 per month (we change $69 including your tax return for the property and 2 personal)
    Looks like you should have disclosed you are associated with the company. No probs if you are but you should disclose.

    RR: what does MYOB cost? Do you you get updates with that (if so for how long?)

  10. #10
    Join Date
    Jun 2008
    Location
    Auckland
    Posts
    8

    Default

    sorry if it wasn't clear , I mentioned in my earlier thread that we Using xero for all of our clients.


 

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