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Xero Personal

It’s an exciting day for us at Xero because we get to talk about Xero Personal for the first time.

We’ve been working on Xero Personal for some time. We need to talk about it now as it’s about to go into external partner testing. It will be available in early 2010.

So what is Xero Personal all about?

One of the first reasons we looked at doing a personal edition is because many small business owners blur their personal and business expenses. Rewards points on credit cards are a good example of why this happens. So a key function of Xero Personal is to allow business owners to separate their personal and business expenses. Personal will work great on its own but it will also complement Xero Business.

The second reason is because this space is a good opportunity – ripe for a new business model. Looking at the state of the personal finance software market it’s undoubtedly becoming a hot space. A recent example is Intuit’s recent $US170 million acquisition of Mint. Personal products generally fit into two camps.

  1. Those that are stand alone and require some sort of advertising based model for revenue. There has been some great innovation here but we really don’t like cluttering things up with an advertising based model.
  2. Those solutions that are provided inside online banking. The problem with this approach is the difficulty to innovate and try new things as they are constrained by the requirements of working inside the banking environment.

We wanted to do something that hasn’t been seen before. A hybrid that leverages our great relationships with banking partners, while allowing us to innovate on our own platform.  As we discovered with Xero Business – it comes alive when connected to a bank. So we wanted that for Xero Personal. Connecting to banks allows us to do some really exciting things and make it very easy for our customers.

What does Xero Personal do?

In terms of what the software does, we wanted to go past the initial hit of just classifying transactions and seeing the depressing reality of what you spend your money on. We want to create a new service that people use each week to set their goals and track progress. We want to change how people save and how they act with their money. All of us were blown away when our interaction team walked us through the early designs several months ago. We think we’ve built a tool that people will enjoy using again and again.

In New Zealand we’re working closely with the BNZ. It’s been so much fun working with their team. We intend to take Xero Personal to market with other banks around the world over time. We’ve designed it to support bank branding and provide a collection of widgets that can be displayed inside online banking. Xero Personal still works great without a bank connection – but working with banks and getting data moving around automatically will be an even better experience.

Xero Personal is a new code base, but we reused a lot from Xero Business. We’re excited to be able to get many more people to have a Xero experience with this product.

How and when?

Stay tuned for more information over the coming months as we complete testing and get into production.We’ll let you know as soon as it’s publicly available and how you can get it – early 2010. You can register your interest at www.xero.com/personal and we’ll email you updates.

Any questions, please let us know.

 

Read more about Company News

 

113 comments

Stuart Jones
2 November 2009 #

This is great news Rod. On Friday I pointed out to a client who uses Microsoft Money that it will be phased out in the near future. He said he knew this and would probably move to Sage. Aaagh!

A few weeks ago I tried to find a UK alternative to Mint without success. I’ve just found it.

David Slack
2 November 2009 #

Rod, this is great. Hope you can persuade ASB to get on board as well. If you can talk them around as effectively as you did my accountant, it should take no time at all.

Scott Barrington
2 November 2009 #

this will be great. Any indication on the cost of it?

Ben Lilley
2 November 2009 #

Hugely excited for this product. I’ve been wanting mint.com to offer a New Zealand product for a while now but it looks like you’ve just done that for me!

Looking forward to the release.

Galen King
2 November 2009 #

This is fantastic. I’d tried at one point to manage my personal accounts in Xero but couldn’t be bothered reconciling everything and found it a real hassle. So this is great news. I look forward to it. Keep up the great work.

Nathan
2 November 2009 #

Xero Personal, how exciting. Couldn’t wait to see a Xero native iPhone app (I know it’s coming).

CJ
2 November 2009 #

With MSMoney being phased out, I have been waiting for Xero/Mint to release an NZ personal finance program.

ASB seems to have release their own version on their website but i haven’t really looked at that yet as I wouldn’t want to be tied to a bank for that reason.

Simon
2 November 2009 #

This is great news.

However, from watching the video I’m truly hoping that you guys go beyond just enabling people to set goals to having a ‘fully featured’ cash flow facility. As it is all very well to have a goal of saving for a new widget, but what I really want to know is whether I am going to have any cash in 12 months time if I spend all I planning to spend and only make much as I make.

PocketSmith is reasonable example of this and SimplyBudgets does it very well (though on a very old interface).

But I can’t wait to see what you guys are doing, and if cash flow isn’t on the initial release schedule, perhaps you can consider it for future versions.

Mark
2 November 2009 #

This is a great idea. Look forward to trying it out.
One challenge I see is for individuals who put alot of transactions on a credit card, so the individual purchases aren’t properly captured on the bank cheque account statements, just the credit card payment. Would be great to see some solution to this

Sara Goepel
2 November 2009 #

@Scott- It will be less than $5 a month, but we will be releasing more information on pricing closer to the launch.

Sara Goepel
Xero Personal Product Manager

[...] Dennis Howlett on November 1, 2009 Now that Microsoft has officially canned MS Money, today’s announcement of Xero Personal is a case of ‘right time, right place’ innovation. From Rod Drury’s announcement: [...]

Hans van Hutten
2 November 2009 #

Hi, would be very interested to get ANZ connected to this. Cheer Hans

Benjamin Bowles
2 November 2009 #

This is fantastic news, early beta users required?

Been using Xero for my two companies now for almost a year, and was wondering when this would happen.

Gavin Knight
2 November 2009 #

My questions repeated from my Twitter (@GavinKnight) at your request:
1. will Xero Personal be BNZ only?
2. accessed thru Xero?
3. or thru BNZ?
4. what if you multi-bank?

I bank with 3 banks across my various bank accounts and credit cards (as well as Amex and Diners Club) so it would be a limitation if it was BNZ only, and/or if we could only access it thru BNZ (that is not clear from the blog post above).

My primary personal and business bank is ASB (so I concur with the requests to get them onboard too!). I also have longstanding albeit low use NBNZ personal accounts. One of my businesses banks NBNZ. My highest use credit cards are BNZ (their AirNZ globalplus rewards scheme is my preferred one).

I have been a very happy Xero Business user for over a year so keenly await announcements on Xero personal.

I like the pricing you’ve stated in the comments stream above! (“less than $5 a month”).

Happy to be a beta user …

Ben Lilley
2 November 2009 #

Just realised that the feeds are only BNZ at launch. That’s a bit disappointing to be honest. Guess will just have to wait until you get KiwiBank feeds sorted. Hopefully it doesn’t take long.

Sara Goepel
2 November 2009 #

@Benjamin + @Gavin- Beta testing, if you bank with BNZ they may invite you to be part of their beta testing program, otherwise register your interest on http://www.xero.com/personal and we’ll be in touch.

@Gavin- To answer your questions:

1- No Xero personal will be available to all Xero customers but through BNZ, users will be able to get daily bank feeds.

2/3- For BNZ customers you will be able to access it through either BNZ’s Internet banking or Xero. For Xero customers it will be accessible through Xero.

4- You can import transactions for accounts and credit cards from as many different banks as you like.

Sara

Alan
2 November 2009 #

I would strongly doubt my own bank(osaurus) will be over this anytime soon.

Luckily then I have stored a couple years of carefully downloaded OFX files. These should come in pretty handy…

Adrian
2 November 2009 #

Sounds a great concept. I’ve been using MS Money for about 10 years now and when I switched to a Mac was annoyed to find that I couldn’t find a Mac alternative which suits the NZ market. I ended up developing one for myself (cf website) but always thought a web based solution would be brilliant. I just hope you’ll be able to import historical data from old finance packages like MS Money and Quicken. MS Money in particular is a real pain to extract data from.

Paul Lattimore
2 November 2009 #

Rod, happy to be a guinea pig if required, as both a Xero and BNZ client

Regards,

Paul.

David Hillary
2 November 2009 #

Great news, I’d consider changing to BNZ for this.
Cash flow is important for me personally, I want to have an alert if an expected deposit does not arrive, because then I have to take corrective action. Presently I have email alerts for balance goes below x, but it is ok to go below x if your rent (or other big outgoings) have gone out, and not if they haven’t, i.e. it depends on the day of the week. Also, some outgoings are not weekly, but fortnightly or monthly.

Miki Szikszai
2 November 2009 #

Go Xero!

Love the overt international aspirations.

Miki

Harry
2 November 2009 #

Hi guys,

Great news on this product expansion!

I am really hoping you intend to get automated feeds from all banks like you do for the business accounts. It’s not clear if this is your intention as the responses so far only mention manual import for other banks. I would be extremely disappointed as a customer and shareholder if it is intended to remain this way.

Anders
2 November 2009 #

A wrong path ? right the business idea may be sound, what I dislike is the idea of releasing features to certain partners (BNZ Bank) EXCLUSIVELY.

Seems shortsighted instead of openminded, scalable and transparent.

Be aware of strategic drifting !

Adam
2 November 2009 #

Yes, yes, yes.

What an amazing design! It looks amazing, from product, IA, through to visual design. I hope some of these interactions and designs make it back into Xero Business.

I was wondering why it’d seemed quieter within the recent months. When can I start tracking my shares through it as well?

Rod Drury
2 November 2009 #

@Harry, @Anders. Our initial launch partner is the BNZ because they have been able to provide the interfaces we require. Automated bank feeds and automated feed provisioning require significant work to be performed on the bank side.

Eventually we hope all banks will be able to supply data. It’s really outside of our control. But we are lobbying hard.

We also require a banking partner so we can quickly get scale. Without that it’s a tough business case to make the substantial investment required.

Xero Personal will still work great with all banks, but yes you’ll have to manually import your date files for a while.

We’re confident our approach will be eventually seen as longsighted as these types of services become the norm over the next few years.

@Adam waddaya mean we’ve been quiet? We’ve been powering out stuff. Wait until you see the next release, the team has been very, very busy on a collection of new goodies.

Tim
2 November 2009 #

I commented to Xero support last year that a personal addition was just what I needed, they said they were only focusing on SMEs so I’m glad you realised there was a big enough need in this space to pursue it.

Kenneth Leong
3 November 2009 #

I’ve been asking for this for a while, and it’s good to see this coming. Unfortunately without automated bank feeds it would be difficult for this to work. Users will not change banks just to use this product. I think we all have to be vocal in asking banks to support this exciting innovation.

Benjamin Bowles
3 November 2009 #

I’ve sent through my info on the /personal page, when will the Beta begin – I’m pretty excited about this!

[...] » Xero Personal this [accounting] space is a good opportunity – ripe for a new business model via blog.xero.com [...]

Fraser
3 November 2009 #

Looks really well designed. Just a quick question, what charting control are you using?

Looks like the amcharts control…

Keep up with the great work, looking forward to using it! :-)

[...] Rod Drury (CEO) has recently announced this on the Xero blog.  (Followed closely by Orange Girl on their twitter [...]

Rod Drury
3 November 2009 #

We build our own chart controls in Flash

Darryl Lundy
3 November 2009 #

I have been a Money user for 15 years now. Was dismayed to find that I cannot migrate my data to Quicken, or Mint or Moneydance or anything else I can find. (Intuit build a Money->Quicken tool but only for the US market). All the Money International users in Australia/NZ/Singaprore/Hong Kong are trapped and would therefore represent a great market for Xero if you build a Money Intl->Xero converter.

Sara Goepel
4 November 2009 #

@Darryl- For version 1 we won’t have any conversion tools, but this is something we will explore as we evolve the service and collect customer feedback.

Sara

Anna Curzon
4 November 2009 #

It’s great to see services developing which help to improve people’s ability to manage and understand their money and cash flow.

That’s certainly what ASB customers’ are telling us from Track My Spending, launched in July this year. What’s more, it’s free; and data is updated in realtime. Check out https://www.asb.co.nz/tmsfeedback/

In late October ASB also launched a new service to compliment Track My Spending which is focused on people with more specialised needs, property investors and the small business customer (see https://www.asb.co.nz/Business/Ways-to-Bank/Business-Cash-Plan).

Rod, ASB is unaware of an approach regarding Xero Personal, but would be happy to discuss.
Anna Curzon DDI – xxx xxxx.

Ryan
5 November 2009 #

I know you have said BNZ is the initial partner, and that you want to work with others to interface with down the road. In those down the road plans are you looking at US banks?

Rod Drury
5 November 2009 #

@Ryan – yes

» Busy six months
6 November 2009 #

[...] new pricing plans Small, Medium and Large; then as you heard this week we announced plans for Xero Personal. And that’s just some of [...]

Ewen
7 November 2009 #

Wow. This is so full of win. Anything that helps me see what the hell is going on in such a usable way is a huge step in the right direction. Will this integrate with the business accounting services? The reason I ask is that, as a sole-trader, my business is very tightly coupled with my personal finances (& life).

cheers
Ewen

[...] has made two great announcements – Xero Personal and a massive increase in [...]

Catherine Walker
10 November 2009 #

Hi Ewen,
You’ll be able to run both personal and business editions of Xero and any business spending that comes through your accounts in Xero Personal can be pushed as expense claims through to your business accounts. Should make things easier!

Regards,
Catherine

gretal
11 November 2009 #

Have you approached TSB Bank re xero personal. I think itis a fantastic concept. Gretal.

Darryl Collins
13 November 2009 #

Terrific news. Look forward to being a guinea pig, sorry, beta tester!

Amanda Browne
13 November 2009 #

Way to go Xero! Can’t wait!

Andrew Bartle
13 November 2009 #

This is fantastic news. The three big items on my wish list -
1) Import from Quicken – it will be a shame to lose the years of financial history, from a reporting point of view.
2) ANZ integration
3) Ability to create custom reports, or export the data in a way that allows this to be done externally (e.g. in Excel).

Mike Renner
13 November 2009 #

Picking up on Amanda’s comment about Quicken (which is the most clever accounting system ever!) I hope you’re dropping account numbers and allocating ‘Entertanment’ as the code for Entertainment!

Paul Burton
13 November 2009 #

F-ing fantastic! I’m a Xero business user currently mixing business and personal expenses. Separating these two tracks would make my accountant a very happy man.

Claire Collier
13 November 2009 #

This is the best news I’ve had since I first started using xero. I’ve tried all sorts of personal finance packages over the years, but after xero anything else is a disappointment. I already know xero Personal will be the exception.

As a sole trader, not having to manually record expense claims will cut my time on GST returns down to…hmm about as long as it takes to log in and run the GST report. The only downside is less quality time with xero :( but I suppose I can make up for it with more time in xero Personal!

Push hard for those bank feeds, and don’t forget the minor players. Not having automated feeds to xero has put me off at least one lending provider.

Jared Roussel
13 November 2009 #

Of course I’ve been thinking this would be really awesome. Thank you guys so much for all your hard work! It looks wonderful!

Andy
13 November 2009 #

Thank you, thank you, thank you!!! for adding value where banks have never been able to. Banks seriously fail at adding value to their personal banking products. I have wanted this for years!

Alan Jones
13 November 2009 #

Great news. I’ve used both Mint and ANZMoneyManager.com in the past and have been disappointed with both for various reasons.

For Australian users, ANZMoneyManager was a mammoth effort, attempting to pull together your financial information from bank and nonbank saving and loan accounts, credit card accounts, share trading accounts, even points programs. And it’s free to use.

Unfortunately it was a let-down for me as it was frequently asking me to re-verify my login and security question/answers for most of my accounts. It’s a huge undertaking, I understand that, but it would have been better to focus on doing a great job for a smaller set of accounts and providers.

Also, the user interface is pretty lame. I like the clean, modern lines of Xero ;-)

Luke
13 November 2009 #

This is outstanding – exactly what I’ve been waiting for, but didn’t know I was waiting for… :) Will look forward to the release.

James
13 November 2009 #

I suspect this software will tell me I have a drinking problem. Will Xero judge me for this?

Kristin
13 November 2009 #

Brilliant news! I can’t wait for this, I have often thought about how great it would be to be able to manage your own finances with Xero given what it has helped us achieve in the business over the past 18 months; we can’t recommend it to others highly enough. Put me down for another supporter to bring on ASB in the personal space! A far superior alternative to certain local financial planning websites that deem the latest version of Safari too old a browser to cope with their product. Well!

AdCard
13 November 2009 #

Great initiative. Would be great to see you engage KiwiBank though.

tarch
13 November 2009 #

Hopefully US banks will eventually be part of the planning.

Andy Biggs
13 November 2009 #

I’m really impressed by the design and layout. The whole UI looks very clear. I’ve been using Kublax for a year now and from what I can see on your video this will be a big step up.

Will there be anyway to track cash purchases, I try to use my debit card as much as possible, but sometimes you have to use cash. Maybe some sort of phone application to add each cash expense to the system. Or should I just be asking for receipts whenever I purchase anything.

Jenny
14 November 2009 #

You’re kidding! I want it now!
Great.
Jen

Alex
14 November 2009 #

Great work, I’ll change to the BNZ to get a slice of this. I’ve always wondered why internet banking only had transactional and online statement capabilities. Where are the visuals, tools and reports?

This will be internet banking on steroids. Keep it up.

Mark Di Somma
14 November 2009 #

First of all – congratulations. This is a great idea. In your blurb above you touch on something that I’ve often dreamt of having – and that is the ability to monitor my points in various loyalty programmes in the same way as I monitor my accounts. That way I could know in any instant where I’m at with a particular programme rather than having to fuss around with the paperwork. Good for business and personal use. I hope you’re going to incorporate this as a feature.

Tim
18 November 2009 #

Great news! As a Xero shareholder, ex BNZ developer, and BNZ customer I’m pretty excited about Xero Personal. I remember making suggestions of such a tool for the BNZ over 10 years ago when we were developing the retail banking platform (and the middle tier you are no-doubt using to interface Xero with). I think it’s a space that has plenty of potential. Would love to be a Beta tester (and Xero developer for that matter – just wish you had an office down in Christchurch)!

Catherine Walker
18 November 2009 #

So did you see our recruitment video? ;) We’d still love to hear from you – careers@xero.com

Maureen
18 November 2009 #

Great, I will be able to throw out the excel spreadsheet I am currently using and updating for actual/budget for my wages and savings. Will you be linking Kiwibank??

Catherine Walker
20 November 2009 #

Hi Maureen – initially the direct link for automated bank feeds will be with BNZ, however you can import your own statements yourself from Kiwibank and other banks in NZ or overseas. In time we should be able to support automated feeds from other banks too.

[...] demo of Xero Personal.  Can’t tell you any more than that (or actually this), you had to be there to be “in the [...]

[...] behind on the posting sorry! But Xero announced it’s move into Personal finance and is launching to market early 2010 with Xero Personal. Xero have been working away on Xero [...]

The end of 2009
2 December 2009 #

[...] good. Xero has grown so much since January 2009. During the past few months we’ve developed Xero Personal, a tool to help manage personal finances. Xero Personal makes me [...]

[...] iPhone, to emerging technologies for personal fitness, wellbeing and welfare all mesh deeply and seamlessly with with our social and professional [...]

Duncan Babbage
18 December 2009 #

Kiwibank! Kiwibank!

(Awesome. And pricing sounds good.)

[...] is preparing to enter the PFM space next year with Xero Personal, on the back of successfully delivering small business people the kind of tools they need to take [...]

[...] Put your hand up if you have not heard of Xero? Xero was launched in 2006 and is one of the fastest growing online companies in New Zealand. Their primary focus has been on online accounting software for small businesses, and they have been very successful in this area. The good news is that Xero is currently building a new package, "Xero Personal", that is to be released "early 2010″. You can read the press release here. [...]

Matthew Delmarter
30 December 2009 #

If you are interested in online budgeting software that works well in New Zealand – and also supports automatic feeds of transaction data for ASB and ANZ, then have a look at some of the tools mentions in this review…

http://matthew.delmarters.com/weblog/online-budgeting-software-for-new-zealand/

Brad
6 January 2010 #

So now that it is 2010, is their an updated timeline for this product? I know it says early 2010, but does that mean 1Q ? I would also be very interested in beta testing if that is an option.

Lloyd Phillips
6 January 2010 #

Notice you mention you can have bank feeds from NZ banks and overseas banks. Will that allow foreign bank accounts in the same Xero account and will it be able to show totals based off exchange rates? I have accounts in the UK and NZ and I have to keep seperate spreadsheets for the two countries. I hate having such seperation I want one screen where I can see it all upfront.

Amanda Ellis
6 January 2010 #

Is Xero Personal being launched to Australian customers this month? ANZ has a Febusave campaign next month and I’d love to sort out some money planning before then. A

Catherine Walker
6 January 2010 #

@Brad, The plan is still for early 2010. We will update everyone on our blog as soon as the dates are confirmed

@Lloyd, Unfortunately, for version 1 of the product there is no multi-currency support

@Amanda, Australian customers will be able to sign up for Xero Personal when released early this year – be sure to follow our blog for updates

Amanda Ellis
6 January 2010 #

@Lloyd good suggestion, we have bank accounts in Australia and the UK. Would be good to track in one login.
@Catherine, thanks for the update

Chris J
7 January 2010 #

Agree with comments above – Multi country/multi currency functionality would be a huge benefit. The Aus & NZ expat market is large ( and all would have multiple accounts in multiple countries). I would love to be able to pull together my NZ , Aus, and UK accounts. …so if it is not in version 1 , bring out version 2 quick!

Adam W
11 January 2010 #

Sounds great, hope BNZ will be pushing this, I was lucky enough to hear it through the grapevine…. This sounds like it will be worth the effort of me changing banks for.

Adrian Barkus
28 January 2010 #

Good move and your right, to innovate correctly you need to get out of the large organisations innovate like mad then push them back in.

Keep up the great work guys!

Adrian

Darryl Collins
30 January 2010 #

+1 for multi-currency. I live in Belfast – Ireland is a small island, but has two currencies!

[...] been amazed at the feedback we’ve received after announcing our plans to launch Xero Personal and delighted by the number of people who’ve asked to be kept [...]

Jusitn
8 February 2010 #

Will the personal verison allow you to track your share portfolio?

Rod Drury
8 February 2010 #

@Justin Not specifically. But check out http://www.sharesight.co.nz for a great portfolio tracking tool that works great with Xero.

Rob
8 February 2010 #

Hate to add another bank to the list, but Westpac NZ works with my business Xero for feeds, so why won’t it for my personal account?

Rod Drury
8 February 2010 #

@Rob. You can manually import bank statements from Westpac into Xero Personal. BNZ is the only bank with automated feeds currently.

Nigel
17 February 2010 #

Fantastic idea – except for “For version 1 we won’t have any conversion tools, but this is something we will explore as we evolve the service and collect customer feedback. ”

Thats a major missed opportunity. Think of all the Money users you could attract with that tool!! I’ve been using Money for 15 years+, and would really want to be able to transfer all that history across.

In fact I probably won’t change until that can happen. I haven’t updated my version of money since 2003 as it has continued to provide what I need. So I guess I can go on using it like that until it breaks.

For me this is more important than automated bank feeds. I’ve been downloading .ofx files into Money for so long, a couple more years won’t matter.

PLEASE reconsider the priority for this one.

iain Rolfe
17 February 2010 #

Hi Everyone

The trick for me will to get my wife’s feeds! (with her permission of course!). We came to an agreement to cut up our credit cards last year but only after I proved to her how much they actually cost!

On a serious note, family level overview is critical to get a total picture :)

Cheers!

iain

Mark Fenemer
20 February 2010 #

Sounds great…just what the doctor ordered!

justclint
24 February 2010 #

As a small independent business owner working from a home office where small business and personal accounting tasks and needs often converge, will Xero Personal be capable of handling my small business related tasks such as limited debtors/invoicing etc without having to go subscribe to one of your core line business products/plans?

Rod Drury
24 February 2010 #

Xero business (which starts at $29pm) is just what you need. Xero personal will help clean up the blur between your business and personal expenses. Invoicing and debtors is key functionality of Xero.

Rod

Charlotte
24 February 2010 #

I am really looking forward to Xero Personal. Great Idea. I have only just signed up for Xero Business and it is fantastic!!!
One query, will the personal section be passworded so only I can access it and not my staff or other people that may have access?
And please add my vote to ANZ getting banks feeds for Xero personal (I shall email my account manager immediately).

Rod Drury
24 February 2010 #

Hi Charlotte. Yes it will be secure and you can keep your information private. Thanks for your kind words.

Rod

Andrew Haynes
9 March 2010 #

Looking forward to this, release date can’t be far away?

Melissa Johnson
12 March 2010 #

Any update on release date?

Joshua Senft
13 March 2010 #

Xero is the best online accounting solution I have ever seen. I can only imagine that Xero personal will enhance that experience. I know much of the focus is on NZ customers, but please develop full functionality for US based customers. We need bank feeds too and I am confident you will earn much of the market here if that can be accomplished. Good luck!

Simon H
15 March 2010 #

Could you share any more information on how Xero Personal will work, or some of its key features? A release date would be great, but in its absence another blog post would keep our appetites wet.

Rod Drury
16 March 2010 #

Hi Simon, noted :)

Tony Fitzpatrick
6 April 2010 #

I have been eagerly awaiting the release of Xero Personal so I could migrate from my Quicken system on my daughters laptop, and have access from anywhere. Basically I was anticipating a cut down version of Xero Business, that would allow me to track who I owed money to and my assets, etc, but have found this to be no better than some of the accounting packages I was using 10+ years ago. You can’t even enter a manual transacation then reconcile it against your downloaded data later, so really it is just a recording tool not a real planning tool.
So come on guys, pick up the ball again and produce something that will help us all actually manage our finances.

Agraj
7 May 2010 #

we like your template, really awesome….

User
24 June 2010 #

Why can’t you guys get feeds working for all banks? ANZ Money Manager got it working years ago!

Alastair Grigg
24 June 2010 #

@User. ANZ Money Manager is a rebadged stand alone instance of the Yodlee MoneyCenter personal finance management product, so those bank feeds are coming from Yodlee. As you might know we are working on integrating just this Yodlee bank feed service into Xero to augment the direct bank feeds we already have with our partner banks in NZ, Australia and the UK. We’ll be posting an update on this project tomorrow.

Kingi
7 July 2010 #

will you be able to integrate with Mint.com and/or and Australian service provider? i have several bank accounts acros borders and would like to get a snapshot of my finances across markets. USA and NZ and AU.

Agraj
10 July 2010 #

I’ve create template like you but using different color, thanks for giving a best idea.

Claire
17 July 2010 #

Check out http://www.budgettrak.com. Xero should join forces with these guys in NZ. They have qif downloads, goal tracking and automatic learning of categories, GST and non GST items reports and has the ability for an advisor to see how you are doing as well. Visually not exciting but functions are brilliant.

Michael Emery
14 October 2010 #

There is one major problem with all this online software that makes it extremely difficult for me to switch from MS Money. None of them support split transactions, and the ASB version has a poor category selection.

For me there is virtually no point even entertaining the use of any financial management software (online or otherwise) until I can split the transaction. If I go to BP and buy $30 worth of smokes and $30 worth of petrol… what category do I use? If I go to Bunnings and buy potplants, a lawnmover and fan heater and some nails… what category? If I pay my all my insurances once every year to the same provider, how do I break that category down into Life, Vehicle, House, Contents, Landlords, Business and Boat insurance?

ASB have closed ears on this matter… my fingers are crossed that Xero will listen and deliver!!

Catherine
14 October 2010 #

We’ve listened & delivered already. Back in July we released the ability to split transactions – here’s our earlier blog post outlining the features released with links to Help Centre & a video that starts out explaining where to split a transaction. Sounds like this meets your needs – if you’ve got any questions or feedback on this feature or Xero Personal in general, please feel free to join current conversations or ask question on our Xero Answers site.

Steve Thomas
8 November 2010 #

How much is Zero Personal, you have no pricing on the site. A bit dubious with hidden prices.

Sara Goepel
9 November 2010 #

Hi Steve, the pricing is different depending on where you are located and is listed above the sign up form at the bottom of this page- https://www.xero.com/personal/.

Ray Patidar
24 December 2010 #

This looks like a great tool. I just signed up for the free trial. I was looking for something like this that would help me manage my finances better. What kind of feedbacks did you guys get using Xerox Personal with American banks? With banks such as Bank of America or Well Fargo

Loz Moore
9 January 2011 #

Am enjoying Xero personal after finally dumping my Psion 5mx with a money app which I have been using for years. I have now got about 9 months of data on it and find it frustrating that there is little in the way of reporting options to drill down into my historical data. Are there any plans to extend the reporting?

Gareth
29 April 2012 #

Hey guys,

When are you expecting to be able to release connecting to banks in the uk?

Thanks!
Gareth

[...] The service is expected to launch to the public in early 2010. For more information, visit the website. [...]

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