When it comes to accounting software, two of the most popular names are Xero and Sage Business Cloud. But which one is the best for your business? In this article, we'll pit Xero vs Sage Business Cloud to help you make the best decision for your needs.
Xero
Xero is a cloud-based accounting software that is growing in popularity, especially among small businesses. It is known for its ease of use, its intuitive interface, and its many features. Xero is also one of the most affordable accounting software options on the market.
Features
Xero offers a wide range of features to its users. Some of the most popular features include:
- Automatic bank feeds: Xero automatically imports and categorizes your bank transactions, making it easy to keep track of your finances.
- Invoicing: With Xero, you can easily create and send invoices to your customers. You can also set up recurring invoices for customers who need to be billed on a regular basis.
- Expense tracking: Xero makes it easy to track your business expenses. You can either manually enter your expenses or use the mobile app to take a photo of your receipts and have them automatically added to your account.
- Reporting: Xero provides a variety of reports that can help you track your business finances and performance. You can also create custom reports to suit your specific needs.
Pricing
Xero offers a variety of pricing plans to suit the needs of different businesses. The most popular pricing plans are the Standard and Premium plans, which both cost $30 per month. The Standard plan includes all of the basic features, while the Premium plan includes additional features such as multi-currency support and advanced reporting.
Sage Business Cloud
Sage Business Cloud is another popular accounting software, especially among larger businesses. Sage is known for its robust features and its ability to scale as your business grows. It is also one of the more expensive accounting software options on the market.
Features
Sage Business Cloud offers a wide range of features to its users. Some of the most popular features include:
- Financial management: Sage Business Cloud provides a variety of tools to help you manage your finances. You can create and manage budgets, track expenses, and generate financial reports.
- Inventory management: Sage Business Cloud includes powerful inventory management features. You can track your inventory levels, set reorder points, and generate reports to help you manage your stock.
- Customer relationship management: Sage Business Cloud includes a customer relationship management (CRM) system. This can help you track your customer interactions, manage your sales pipeline, and generate reports on your customer data.
- Project management: Sage Business Cloud includes project management features. This can help you track project progress, manage tasks and deadlines, and allocate resources.
Pricing
Sage Business Cloud offers a variety of pricing plans to suit the needs of different businesses. The most popular pricing plans are the Standard and Professional plans, which both cost $40 per month. The Standard plan includes all of the basic features, while the Professional plan includes additional features such as project management and advanced reporting.
Xero vs Sage Business Cloud: Which is Best for Your Business?
Now that we've taken a detailed look at Xero and Sage Business Cloud, it's time to decide which one is best for your business. If you're looking for an affordable accounting software with a wide range of features, Xero is a great option. However, if you're looking for a more robust accounting software that can scale as your business grows, Sage Business Cloud is a better choice.