Compare Xero and Iris Software - Oct 2022

Shlomi Lavi

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 Iris Software?

Iris Software is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than Iris Software (80/100). Xero offers users more features (13) than Iris Software (5). 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:

Xero Vs. IRIS

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...

IRIS: With 30 years\' experience, IRIS Software provides business critical software and services to the UK accountancy and SME sectors.IRIS has more than 15,000 UK accountancy practice customers, who rely on IRIS every day to run their business, improve efficiency, increase profitability and save money. With 98% customer retention, IRIS is the most...

Who is more expensive? Xero or Iris Software?

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 Iris Software.

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. Iris Software price starts at $320 per license , When comparing Iris Software to its competitors, the software is rated 2 - much lower than the average Core Accounting software cost.

Bottom line: Xero cost is around the same cost of Iris Software.

Which software includes more/better features?

We've compared Xero Vs. Iris Software 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.

Iris Software: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets, Project-Accounting.

Target customer size

Xero is best for small businesses, freelancers and non-profit organizations. The software is a viable product for small and medium businesses as well as large businesses.