10 Xero Alternatives And Competitors You Need To Know!

Table of Contents

Last Updated: April 2024

Are you in search of Xero alternatives?

Delve into this comprehensive article highlighting 10 essential alternatives and competitors, ensuring you’re well-informed about your financial management needs.

Explore these alternatives to Xero and make an informed choice for your business. Stay ahead in the financial game with these Xero alternatives at your disposal.

1. Quickbooks Online

xero alternatives

Rating: 4.0/5

Pricing: Starts at $15/month with a 30-day free trial

QuickBooks Online is popular cloud-based accounting software that offers features to help businesses manage their finances effectively.

Key features

  • Financial Tracking: Allows you to track income, expenses, and profits, giving you a real-time view of your financial health.
  • Invoicing: Craft and modify polished invoices, forward them to customers, and monitor the status of payments.
  • Expense Tracking: Capture and categorize expenses by linking your bank and credit card accounts, making it easier to manage your spending.
  • Bank Reconciliation: Automatically reconcile your bank transactions with your accounts to ensure accuracy.

2. Sage Accounting

Rating: 4.0/5

Pricing: Get it for free for 2 months and update to $17/month 

Sage Accounting is software that assists firms in managing their capital

Key features

  • Integration: Integrate with various third-party applications to extend functionality and streamline workflows.
  • Data security: Benefit from secure cloud-based storage with regular data backups to ensure the safety of your financial information.
  • Customizable dashboards: Build personalized dashboards to view key financial metrics at a glance.
  • Report customization: Customize and save report templates based on your specific reporting needs.

3. Zoho Books

xero alternatives

Rating: 4.5/5

Pricing: Commence for free and upgrade to $9.07/month; 14-day free trial

Empower your business with hassle-free accounting from Zoho Books. Efficiently manage finances, invoicing, and expenses on one intuitive platform.

Key features

  • Automation: Automate recurring tasks such as invoice reminders, payment thank-you notes, and more.
  • Multi-currency Support: Handle transactions and invoices in different currencies for international business operations.
  • Time Tracking: Log billable hours and track project time for accurate client billing.
  • Bank Feeds: Import bank transactions directly into Zoho Books for streamlined record-keeping.

4. One Up

Rating: 3.5/5

Pricing: $9/month; 30-day free trial

OneUp, a versatile tool for managing various aspects of your business’s financial operations.

Key features

  • Client Portal: Grant clients the ability to view their invoices and estimates.
  • Vendor Management: Manage vendor information and transactions.
  • Multi-currency Support: Conduct transactions in different currencies for international business.
  • Integration: Connect with other apps to streamline workflows.

5. FreshBooks

xero alternatives

Rating: 4.5/5

Pricing: Try it for free and advance to $8.50/month

Tailored for freelancers and small businesses, FreshBooks manages revenue processes, tracks time, and communicates effectively with clients.

Key features

  • Estimates: Create detailed estimates for clients and easily convert them into invoices.
  • Project Management: Oversee projects, engage in teamwork, and monitor expenses associated with projects.
  • Expense Attachments: Attach receipts and documents to expense entries for proper record keeping.
  • Notifications: Receive notifications of invoice views, payments, and other important events.

6. Wave Accounting

Rating: 4.4/5

Pricing: Completely free for accounting and invoices

Wave Accounting provides accessible and user-friendly bookkeeping tools for small businesses, startups, and freelancers.

Key features

  • Receipt Scanning: Scan and upload receipts for expense transactions, ensuring paperless record-keeping.
  • Payroll: Run payroll for your employees and handle tax withholdings.
  • Unlimited Users: Collaborate with your team and accountants without additional costs.
  • Payment Processing: Accept credit card payments directly through invoices for seamless transactions.

7. Kashoo

xero alternatives

Rating: 4.6/5

Pricing: $216/year

Simplify your small business accounting with the intuitive features of Kashoo for streamlined financial administration.

Key features

  • Automatic Reminders: Send automated payment reminders to clients for outstanding invoices.
  • Receipt Capture: Capture and upload receipts digitally for expense transactions.
  • Customer and Vendor Management: Maintain contact information for customers and vendors.
  • Mobile App: Access your financial data and perform tasks on-the-go through the Kashoo mobile app.

8. AccountEdge Pro

Rating: 3.7/5

Pricing: 30-day free trial; $499

Elevate your business’s monetary control with AccountEdge Pro, a powerful accounting tool, catering to small and medium-sized enterprises.

Key features

  • Data Backup: Regularly back up data to ensure data security and integrity.
  • Offline Access: Continue working on your accounts even without an internet connection.
  • Purchase Orders: Formulate and manage purchase orders for inventory or services.
  • Payroll: Process payroll for employees, calculate taxes, and manage tax withholdings.

9. QuickBooks Desktop Pro

xero alternatives

Rating: 4.3/5

Pricing: Starting as low as $41/month

QuickBooks Desktop Pro is your all-in-one solution for seamless fiscal supervision and ledger tasks.

Key features

  • Accounting and bookkeeping: Design and tailor accounts to categorize different types of transactions.
  • Cash Flow Statement: Observe the circulation of cash in and out of your business.
  • Sales: Record cash sales and payments immediately.
  • Data Import and Export: Bring in data from other sources like spreadsheets. Save reports in various formats for sharing or further analysis.

10. Sage50cloud Accounts

Rating: 3.8/5

Pricing: Free for 3 months; $13.09 + VAT/month

Sage 50cloud Accounts, the pathway to efficient and integrated economic regulation.

Key features

  • Costing Methods: Assign costs to inventory using different valuation methods.
  • Sage 50cloud: Access and work on your data from different devices.
  • Cloud Backup: Securely store and back up your data in the cloud.
  • Data Encryption: Protect sensitive information through encryption.

Conclusion

In exploring these Xero alternatives and competitors, it’s evident that the market offers diverse solutions to cater to various business needs. From QuickBooks to FreshBooks and Sage 50cloud, businesses can find accounting software that aligns with their unique requirements, ensuring efficient financial management.

Ultimately, this array of options empowers businesses to choose the platform that best fits their size, industry, and operational preferences.

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