This selection includes known names like Zapier, Gusto, 9Spokes, CollBox, and Zynk Workflow. Additional functionality includes recurring invoices, automated invoice reminders, bulk invoicing, and invoice replication. Xero offers a rich knowledge base full of articles, videos, and online courses. These materials are designed to guide you so that you find it easier to use the software. If you upgrade, you get perks like cash flow predictions and a neat tool to snap and save receipts (free for three months at the moment). Explore types, costs, and how to choose the best payment solutions for your business.

Xero vs Sage Basics

Xero and Sage are both user-friendly accounting software with cloud-based features, an app and a monthly subscription pricing model. They also stack up pretty closely when it comes to price, and are both aimed at small business owners. Both offer user-friendly, comprehensive accounting tools and services for businesses of all sizes, including payroll, invoicing and expenses. With your accounting software and data stored in the cloud, you can access your up-to-date accounts anywhere there’s an internet connection. You can receive automated bank feeds into your accounting software and connect to other business apps for greater efficiency. You can also collaborate with other people, like accountants and bookkeepers, by giving them access to view and share your figures.

Accounting software for your US small business

Sage offers a secure online connection between Sage Accounting and your bank, where transaction details are imported automatically once a day. You can set up multiple difference between accrual and deferral feeds for bank, credit card and even PayPal accounts. Most high street banks support international payments but they’re often expensive, slow and with limited features and currencies that you can send and receive. A multi-currency account that integrates with the major accounting software is one of the most wanted features for global businesses. Log in anytime, from anywhere, to send invoices, pay bills, and manage your cash flow.

It’s great for many types of businesses, like online shops and law firms. Plus, it handles multiple currencies, which is handy for international sellers. Once you’re set up in Xero you can import all your data from your previous accounting software, including the chart of accounts, invoices, bills, contacts, and fixed assets. We recommend you work with an accountant or bookkeeper, preferably one with Xero experience, when you move to Xero online accounting software in the US.

1. This includes but is not limited to tracking what you’re bringing in, but also being able to capitalize on time-based profitability, and keeping your data handy for the IRS.
2. Plus, you can now customise your columns and save your preferred view as a default.
3. Looking at Xero vs. Sage, you can see they stack up quite well.
4. Sage, meanwhile, lets you create and send an unlimited number of invoices on all of its plans.

So, to learn more about how we review accounting software and other types of tech products, check out our full research process here. The right accounting software for you will depend on a multitude of factors though, so scroll down to see how Xero, FreshBooks, and Sage compare across specific categories. Remember, if you’re a SaaS business, whether you choose Xero or Sage, cashing old checks you can benefit from Chargebee’s integrations.

If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support. To review this software, I signed up for a free trial of the Xero Established plan. I also reviewed official product documentation, watched demo videos, consulted user reviews and cross-referenced software reviews in industry publications. However, if you’re looking to switch from one program to another, you may be able to download your data and migrate it into the new software. There is no definitive answer to the question of which service is better between Xero and Sage.

Multi-currency accounting

The Growing plan costs $47 per month and includes unlimited numbers of invoices and bills. In addition to the features on the Early plan, the Growing plan includes what is the journal entry for discount received bulk transaction reconciliation to speed things up. If you’re stuck between these three providers, we would recommend using Xero. On the other hand, Sage’s base plan is $10 a month, and they have a second option that’s just $7.50 for the first six months, then bumps up to $25. Even in their starting plan, Sage gives you unlimited invoices and features like automatic bank reconciliation. Along with its main product, Sage also has a cloud-based solution called Sage 50cloud Accounts.

Xero bank feeds vs. Sage bank feeds

That makes it a stellar choice for smaller companies that don’t need multiple users accessing the accounting system. If you’re a larger company, you might want to look into the Accounting plan, which comes with unlimited users. Integrations enable your accounting software to work in tandem with other tools you might already be using.