My part-time bookkeeper and I are currently reviewing Xero for accounting. I like the online aspect of being able to enter and view data online (my bookkeeper works from home). The cost seems reasonable, but I'm concerned about other costs cropping up because I'm using something "different". My financial firm says that it should be fine for their Y/E if I can export CSV files, which Xero does.
Does anyone have any experience using Xero (or another online accounting package) in Canada? Is it a cost/time saver or does it have hidden costs elsewhere (e.g. efficiency)?