Xero vs Visual Lease 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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81% 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

Visual Lease

Accounting Software

4.5 91 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	Visual Lease is the best lease optimization software for managing, examining, streamlining, and reporting on lease portfolios. It is an inclusive lease management solution that helps you manage your lease portfolio and all the allied costs. It also provides a complete, end-to-end structure with speedy implementation and data migration. It has been created by world renowned CPAs and lease experts by merging GASB-compliant lease accounting measures, IFRS, and GAAP with trouble-free, supple, and mechanized lease management procedures. It processes all the calculations, disclosures, and journal entries with the GASB 87 accounting standards, IFRS 16, and ASC 842. They are here to help you track any data linked within embedded leases, including assets, and streamline the way you abide by the terms of a lease for exclusive rights. Visual Lease is fully capable of supporting every type of lease data or real-estate category that you require including billboards that typically don’t fit into most real-estate categories. They offer you a free demo tool to analyze their service and see the best for you. Read more
Pricing Options	Free Trial Available Starts at $2.9.	Free Trial Not Available Offers Custom 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%	81% 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 81% Reviews 78% Momentum 63% Popularity 75%
SaaSworthy Awards	# 2 Most Worthy # 6 Fastest Growing	Not Available

Features

Total Features	18 Features	8 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 + 5 More - Show Less

Technical Details

Organization Types Supported	Freelancers Large Enterprises Medium Business Small Business	Freelancers Large Enterprises 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) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.2/5 7,623 user ratings	4.5/5 91 user ratings
Rating Distribution	Excellent 66.1% Very Good 14% Average 4.4% Poor 3.5% Terrible 12%	Excellent 59.3% Very Good 31.9% Average 4.4% Poor 4.4% Terrible 0%
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	User-Friendly Interface, Comprehensive Reporting Capabilities, Excellent Customer Support, Efficient Lease Accounting Functionality Slow System Performance, Limited Report Customization, Occasional System Glitches, Complex Modification Processes
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.	Overall, users praise Visual Lease for its user-friendly interface, extensive reporting capabilities, and excellent customer support. They find it particularly valuable for managing complex lease portfolios, as it helps them track lease obligations, calculate rent payments, and generate accurate financial statements. Some users have encountered minor issues with data accuracy and report customization, but these seem to be isolated cases. Overall, Visual Lease is a well-received lease accounting software that meets the needs of many businesses.
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Pricing

Pricing Options	Free Trial Available Starts at $2.9.	Free Trial Not Available Offers Custom 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	Standard Custom
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Alternatives

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