Shlomi Lavi /
Oct 12, 2022
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Bottom Line: Which is Better - Xero or Dext Prepare?
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:
Xero Vs. Receipt Bank
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...
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...
Who is more expensive? Xero or Receipt Bank?
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 Receipt Bank.
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. Receipt Bank price starts at $20 per 5 users/month , When comparing Receipt Bank to its competitors, the software is rated 6 - similar to the average Core Accounting software cost.
Bottom line: Receipt Bank is more expensive than Xero.
Which software includes more/better features?
We've compared Xero Vs. Dext Prepare 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.
Receipt Bank: 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 come from small and medium businesses, although there is no
restriction of industrial affiliation.