Xero vs Exact for Accounting

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

Xero is a Business & Commerce solution with tags like accounting, invoicing, expense-tracking, bank-reconciliation, financial-reporting, small-business.

It boasts features such as Online invoicing, Expense claims, Bank reconciliation, Financial reporting, Automatic updates, Inventory management, Payroll management, Multi-currency support and pros including User-friendly interface, Mobile access, Automates tasks, Integrates with many apps, Detailed reporting, Scales with business growth.

On the other hand, Exact for Accounting is a Business & Commerce product tagged with accounting, bookkeeping, invoicing, financial-reporting, general-ledger.

Its standout features include General Ledger, Accounts Receivable, Accounts Payable, Banking, Inventory Management, Financial Reporting, and it shines with pros like Comprehensive accounting features, Suitable for small and medium-sized businesses, User-friendly interface, Integrates with various business applications.

Feature	Xero	Exact for Accounting
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Business & Commerce

Product Overview

Xero

Description: 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.

Exact for Accounting

Description: 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.

Key Features Comparison

Xero Features

• Online invoicing
• Expense claims
• Bank reconciliation
• Financial reporting
• Automatic updates
• Inventory management
• Payroll management
• Multi-currency support

Exact for Accounting Features

• General Ledger
• Accounts Receivable
• Accounts Payable
• Banking
• Inventory Management
• Financial Reporting

Pros & Cons Analysis

Xero

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

Exact for Accounting

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

Pricing Comparison

Xero

• Subscription-Based

Exact for Accounting

• Subscription-Based