Shlomi Lavi /
Mar 12, 2022
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Bottom Line: Which is Better - Xero or MultiCHAX?
MultiCHAX is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than MultiCHAX (92/100). Xero offers users more features (13) than MultiCHAX (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:
Xero Vs. Chax, Inc.
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...
Chax, Inc.: CHAX®: The most cost-effective check by phone, check by fax, and check by internet system available. Checks by phone, fax, or e-mail software allows you to enter your customer's check information, print the information on a blank check form, and deposit the check to any U.S. bank for deposit the same day.
Now, collecting payments by check has ne...
Who is more expensive? Xero or MultiCHAX?
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 MultiCHAX.
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. MultiCHAX price starts at $99 per license , When comparing MultiCHAX to its competitors, the software is rated 6 - similar to the average Core Accounting software cost.
Bottom line: MultiCHAX is more expensive than Xero.
Which software includes more/better features?
We've compared Xero Vs. MultiCHAX 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.
MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support.
Target customer size
Xero is best for small businesses, freelancers and non-profit organizations. Customers of the software mainly include small and medium businesses with backgrounds
in various major industries.