Ask HN: Accounting software for a small team and lots of recurring payments

We have been evaluating Xero, and really like it except it seems that reconciling Paypal transactions requires a lot of clicking. We would really like to be able to set up rules to batch-reconcile these types of payments so we can efficiently process hundreds or thousands of transactions.

With that said, we are looking for a SaaS solution to keep our books under control. We have typical expenses, a few revenue streams, but the main concern is the large number of small transactions from recurring subscriptions. We would really like to see the transactions, be able to compare the different account types performance, etc, if possible.

What do you guys use for accounting? Any suggestions?