Shlomi Lavi /
Oct 12, 2022
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Bottom Line: Which is Better - Dext Prepare or Xero?
Dext Prepare is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than Dext Prepare (85/100). Xero offers users more features (13) than Dext Prepare (3). There is a clear winner in this case and it is Xero!
Looking for the right Core Accounting 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:
Receipt Bank Vs. Xero
Receipt Bank: Receipt Bank converts those annoying bits of paper - receipts and invoices - into data you, and your company, can use!Receipt Bank’s aim is to remove the burden that receipts and invoices place on small businesses.
Working with bookkeepers, accountants and with small businesses directly, Receipt Bank has developed its software and service to mak...
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? Dext Prepare or Xero?
The real total cost of ownership (TCO) of Core Accounting 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 Dext Prepare and Xero.
Dext Prepare price starts at $20 per 5 users/month , On a scale between 1 to 10 Receipt Bank is rated 6, which is similar to the average cost of Core Accounting software. Xero price starts at $12 per month , When comparing Xero to its competitors, the software is rated 2 - much lower than the average Core Accounting software cost.
Bottom line: Dext Prepare is more expensive than Xero.
Which software includes more/better features?
We've compared Dext Prepare Vs. Xero based on some of the most important and required Core Accounting features.
Dext Prepare: Data Import/Export, Basic Reports, Online Customer Support.
Xero: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets.
Target customer size
Customers of the software mainly come from small and medium businesses, although there is no
restriction of industrial affiliation. Xero is best for small businesses, freelancers and non-profit organizations.