Shlomi Lavi /
Mar 12, 2022
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Bottom Line: Which is Better - Xero or Toolhound?
Toolhound is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than Toolhound (92/100). Xero offers users more features (13) than Toolhound (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. Toolhound
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...
Toolhound: ToolHound provides a powerful Tool and Equipment Management System that allows construction, maintenance and repair organizations to gain control of their tool and equipment inventory. ToolHound helps companies of all sizes maximize tool and equipment utilization and improve productivity by ensuring the right tool is in the right place when it is n...
Who is more expensive? Xero or Toolhound?
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 Toolhound.
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. Toolhound accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Xero is rated 2, which is much lower than the average cost of Core Accounting software.
Bottom line: Toolhound is more expensive than Xero.
Which software includes more/better features?
We've compared Xero Vs. Toolhound 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.
Toolhound: 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 include businesses of all sizes and a wide range of types.