Xero vs KhataBook Comparison

98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Xero

Accounting Software

4.2 7,623 user ratings

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83% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

KhataBook

Accounting Software

4.5 15 user ratings

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Overview

Description	Xero is an award-winning online accounting software for small scale businesses. Xero offers a variety of features to make your business function smoothly and efficiently. The software handles all the accounting transactions effectively. It permits unlimited users to get online at a time and work in collaboration over data which is accessible through a single ledger. Xero also provides Bank Reconciliation services by importing the various transactions from your bank accounts and matching them with your cash-book. Business finances and cash-flow statements are updated on a real-time basis, helping you to keep a track of all your expenses and transactions. Read more	KhataBook is an intuitive digital ledger app that helps micro, small and medium merchants to track and record their business transactions safely. It also allows users to send and receive online payments through UPI and QR code. Moreover, the app generated reports can be downloaded and shared by the users, with every transaction to maintain a proper schedule of debits and credits easily. It conducts automatic data backups, facilitating accurate protection against phone theft or loss. Khatabook automatically syncs all of the data, saving hours of users’ time. With the KhataBook QR, users can receive payments from any other app. They can send automatic payment reminders along with the payment links to customers and receive timely payments. The app provides 24x7 support available in 12 languages for any generated queries. More than 4 crore+ businesses have been registered for this app in 4000+ cities across India. Read more
Pricing Options	Free Trial Available Starts at $2.9.	Free Trial Not Available Offers Free-forever plan.
SW Score & Breakdown	98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 100% Reviews 99% Momentum 67% Popularity 97%	83% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 92% Reviews 73% Momentum 60% Popularity 81%
SaaSworthy Awards	# 2 Most Worthy # 6 Fastest Growing	# 4 Fastest Growing # 5 Most Popular

Features

Total Features	18 Features	13 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 15 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 10 More - Show Less

Technical Details

Organization Types Supported	Individuals Freelancers Medium Business Small Business	Individuals Freelancers Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	24/7 (Live rep) Online	24/7 (Live rep) Online
API Support	Available	NA

Reviews & Ratings

User Rating	4.2/5 7,623 user ratings	4.5/5 15 user ratings
Rating Distribution	Excellent 66.1% Very Good 14% Average 4.4% Poor 3.5% Terrible 12%	Excellent 66.7% Very Good 26.7% Average 0% Poor 0% Terrible 6.7%
User Sentiments	User Friendly Interface, Extensive Integrations, Automated Bank Feeds, Comprehensive Reporting Unreliable Bank Feeds, Slow Support Response Times, Limited User Permissions, Lack of Phone Support	Not Available
Review Summary	User reviews of Xero are mixed. While many praise its ease of use, seamless integration with other platforms, and robust features for small businesses, they often express frustration with unreliable bank feeds, slow customer support response times, and lack of essential functionalities. Some users find the new invoicing system cumbersome, while others appreciate the help provided by Xero's support team, especially when it comes to technical issues. Overall, Xero is a powerful accounting software for small businesses but has drawbacks in its customer support and recent feature updates.	Not Available
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Pricing

Pricing Options	Free Trial Available Starts at $2.9.	Free Trial Not Available Offers Free-forever plan.
Pricing Plans Monthly Plans Annual Plans	Starter $2.90 $2.90 per month Standard $4.60 $4.60 per month Premium $6.90 $6.90 per month	KhataBook Free
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