Shlomi Lavi /
Jul 31, 2022
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Bottom Line: Which is Better - AccountMate or Xero?
AccountMate is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than AccountMate (81/100). Xero offers users more features (13) than AccountMate (0). There is a clear winner in this case and it is Xero!
Looking for the right Accounting & Finance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
AccountMate Software Vs. Xero
AccountMate Software: AccountMate offers unique accounting solutions for your growing business.AccountMate has provided customers with powerful and flexible
accounting and business management software that meets the exact needs of their businesses.
Many other accounting solutions require you to make changes to your core business
processes in order to utilize their so...
Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes...
Who is more expensive? AccountMate or Xero?
The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for AccountMate and Xero.
AccountMate price starts at $4,000 per license , On a scale between 1 to 10 AccountMate is rated 2, which is much lower than the average cost of Accounting & Finance software. Xero price starts at $12 per month , When comparing Xero to its competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.
Bottom line: AccountMate cost is around the same cost of Xero.
Which software includes more/better features?
We've compared AccountMate Vs. Xero based on some of the most important and required Accounting & Finance features.
AccountMate: We are still working to collect the list of features for AccountMate.
Xero: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets.
Target customer size
AccountMate's typical customers include: Small businesses and start ups, Xero is best for small businesses, freelancers and non-profit organizations.