Exact for Accounting vs Xero

Struggling to choose between Exact for Accounting and Xero? Both products offer unique advantages, making it a tough decision.

Exact for Accounting is a Business & Commerce solution with tags like accounting, bookkeeping, invoicing, financial-reporting, general-ledger.

It boasts features such as General Ledger, Accounts Receivable, Accounts Payable, Banking, Inventory Management, Financial Reporting and pros including Comprehensive accounting features, Suitable for small and medium-sized businesses, User-friendly interface, Integrates with various business applications.

On the other hand, Xero is a Business & Commerce product tagged with accounting, invoicing, expense-tracking, bank-reconciliation, financial-reporting, small-business.

Its standout features include Online invoicing, Expense claims, Bank reconciliation, Financial reporting, Automatic updates, Inventory management, Payroll management, Multi-currency support, and it shines with pros like User-friendly interface, Mobile access, Automates tasks, Integrates with many apps, Detailed reporting, Scales with business growth.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

Exact for Accounting

Exact for Accounting

Exact for Accounting is an accounting software designed for small and medium-sized businesses. It offers features for general ledger, accounts receivable, accounts payable, banking, inventory, and financial reporting.

Categories:
accounting bookkeeping invoicing financial-reporting general-ledger

Exact for Accounting Features

  1. General Ledger
  2. Accounts Receivable
  3. Accounts Payable
  4. Banking
  5. Inventory Management
  6. Financial Reporting

Pricing

  • Subscription-Based

Pros

Comprehensive accounting features

Suitable for small and medium-sized businesses

User-friendly interface

Integrates with various business applications

Cons

Limited customization options

Relatively complex for basic accounting needs

Pricing can be expensive for smaller businesses


Xero

Xero

Xero is an online accounting software for small businesses. It offers features like invoicing, expense claims, bank reconciliation, financial reporting, and more. Xero seamlessly syncs with bank accounts and has mobile apps for on-the-go access.

Categories:
accounting invoicing expense-tracking bank-reconciliation financial-reporting small-business

Xero Features

  1. Online invoicing
  2. Expense claims
  3. Bank reconciliation
  4. Financial reporting
  5. Automatic updates
  6. Inventory management
  7. Payroll management
  8. Multi-currency support

Pricing

  • Subscription-Based

Pros

User-friendly interface

Mobile access

Automates tasks

Integrates with many apps

Detailed reporting

Scales with business growth

Cons

Can be pricey for large businesses

Limited customization options

Lacks some advanced accounting features

Third-party apps cost extra

Steep learning curve