In 2021, 58% of enterprises have been reported to use cloud accounting solutions. This is why, in this article, we will introduce alternatives to Xero that are either more specialized or more comprehensive. Also, there are also companies that may find Xero’s offer too limited. Xero might be too general for some that they would rather have specialized accounting software for, let’s say, ecommerce or pet services. This is why it is among the top accounting software solutions today.ĭespite its strong offering, there are also other products that rival or may even surpass Xero in terms of relative operational fit. It has modules not only for accounting but also for inventory, payroll, and invoicing, among many others. Many consider it as an all-in-one business solution as it integrates seemingly disparate functions into one single hub. This allows them to free up hardware expenses and access their platforms anywhere and even on mobile.

More and more companies are migrating from their legacy accounting software to cloud-based financial management suites. It can be used by any type of business of any size in any industry. Moreover, it is highly flexible and easily customizable. It has more features housed in easy-to-use modules, from expense and time tracking tools to accounting reports and payments support.

FreshBooks is the best alternative to Xero.

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