Coda Financials Vs Xero (Jun 2021)

Shlomi LaviShlomi Lavi / Jun 14, 2021

We publish unbiased reviews, our opinions are our own and are not influenced by payments from advertisers. Learn more in our advertiser disclosure.

Bottom Line: Which is Better - Coda Financials or Xero?

Coda Financials is more expensive to implement (TCO) than Xero, Xero is rated higher (94/100) than Coda Financials (85/100). Coda Financials offers more features (15) to their users than Xero (13).

Looking for the right Accounting & Finance solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How UNIT4 Business Software compares with Xero ?

UNIT4 Business Software: UNIT4 is a global business software and services company that creates, provides and supports software – delivered via the cloud or on-premise – for a market sector it calls ‘Businesses Living IN Change’. Its solutions are aimed at helping these dynamic public sector and commercial services organizations to manage their business needs and embrace ch...

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's more expensive? Coda Financials 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 & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for Coda Financials and Xero.

Coda Financials price starts at $10 per month , on a scale between 1 to 10 Coda Financials is rated 8, which is higher than the average cost of Accounting & Finance software. Xero price starts at $20 per month , when comparing Xero to their competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.

Bottom line: Coda Financials is more expensive than Xero.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared Coda Financials Vs. Xero based on some of the most important and required Accounting & Finance features. Coda Financials: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Credit Card Processing, E-commerce. Xero: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets.

Target customer size

Coda Financials was developed to support businesses all around the world. Xero is best for small businesses, freelancers and non-profit organizations.

Coda Financials

ITQlick rating
(4.3/5)

starts at $10 per month

Unit4 Financials or formerly known as Coda Financials is a cloud-based or on-premise financial and accounting management solution for medium to large companies.

Categories: Non-Profit Volunteer Management, Medical Accounting, Human Resources Module, Work Order Accounting.

Xero

ITQlick rating
(4.3/5)

starts at $20 per month

Xero is a cloud-based accounting and finance software for small, start-up, and growing enterprises. It has invoice management, purchasing, bank reconciliation, and bookkeeping features which help businesses boo...

Categories: Accounting & Finance, Fixed Asset Management, Recurring Billing, Billing & Invoicing, Budgeting & CPM.

Compare specifications

Xero Specifications

ITQlick Score: 94/100
ITQlick Rating: (4.3/5)
Pricing: 2/10 - low cost
Category: Core Accounting -> Xero
Company: Xero
Pricing: starts at $20 per month
Typical customers: Small businesses and start ups
Platforms: Desktop, Mobile, Cloud
Links: Xero review, Xero pricing, Xero alternatives

Compare features

Coda Financials: 15 Features

Accounts Payable
Accounts Receivable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Credit Card Processing
E-commerce
Fixed-Assets
Fund-Accounting
Multi-Currency
Project-Accounting
Purchase Orders
Sales Reporting
Tax compliance

Xero: 13 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Fixed-Assets
Purchase Orders
Data Analysis Tools
Forecasting
Fixed Asset Management
Inventory Optimization
Supplier Management
Warehouse Management
Inventory Management
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Coda
ITQlick rating
4.3/5
Score
85/100
Pricing
8.4/10
License pricing
$10 per month
Functionality
28
Review
Compare
Xero
ITQlick rating
4.3/5
Score
94/100
Pricing
2/10
License pricing
$20 per month
Functionality
46
Review
Compare
Denali
ITQlick rating
4.1/5
Score
93/100
Pricing
2.6/10
License pricing
$99 per month
Functionality
16
Review
MoneyDesktop
ITQlick rating
4.7/5
Score
92/100
Pricing
5.2/10
License pricing
Pricing not available
Functionality
4
MultiCHAX
ITQlick rating
3.4/5
Score
92/100
Pricing
7/10
License pricing
$99 per license
Functionality
5
Author

Shlomi Lavi

Website Linkedin Facebook Twitter

Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.