Shlomi Lavi /
Oct 01, 2022
We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .
Bottom Line: Which is Better - Xero or FinancialForce Accounting?
FinancialForce Accounting is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than FinancialForce Accounting (80/100). FinancialForce Accounting offers users more features (14) than Xero (13).
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:
Xero Vs. Financial Force
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...
Financial Force: FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations as well...
Who is more expensive? Xero or FinancialForce Accounting?
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 Xero and FinancialForce Accounting.
Xero price starts at $12 per month , On a scale between 1 to 10 Xero is rated 2, which is much lower than the average cost of Core Accounting software. FinancialForce Accounting price starts at $9,000 per year , When comparing FinancialForce Accounting to its competitors, the software is rated 4 - lower than the average Core Accounting software cost.
Bottom line: FinancialForce Accounting is more expensive than Xero.
Which software includes more/better features?
We've compared Xero Vs. FinancialForce Accounting based on some of the most important and required Core Accounting features.
Xero: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, Purchase Orders, Data Analysis Tools, Forecasting.
FinancialForce Accounting: Accounts Payable, Accounts Receivable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting.
Target customer size
Xero is best for small businesses, freelancers and non-profit organizations. FinancialForce Accounting is perfect for companies of all sizes, starting from small businesses to large multi-national enterprises.