What users are saying about
3 Ratings
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Top Rated
290 Ratings
3 Ratings
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Score 10 out of 100

Xero

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Top Rated
290 Ratings
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Score 8.7 out of 100

Likelihood to Recommend

AccountMate

AccountMate is a great product for wholesale and distributors. It manages the inventory cycles comprehensively, from purchasing to stocking, to sales and delivery. There are a great many tools available to manage inventory, properties, and financials. The availability to have third-party add-ons offers even greater opportunities to meet the needs of the end-user.The system is not really suited for certain types of service industries: legal, medical, and those businesses that invoice on time.
Les Kule | TrustRadius Reviewer

Xero

Xero is great for small businesses who don't need a lot of complex features, or who will be managing accounting internally. It has robust integration capability that can grow with you (more so than, say FreshBooks), but won't break the bank. It's not as well suited for larger organizations or those with more complex reporting needs. For example, I acquired another business several years ago, and needed to pull quarterly reports of income from specific clients in order to calculate my pay-out for that quarter. I did that in QBO fairly easily, and had a saved template that I could use to generate it. Luckily I made the switch to Xero after the final pay-out because it would be very difficult to generate such a report now, since there aren't any report filters where you can select only specific customers from your contact list. Xero does support customized report templates that can be saved, the filtering options are just very limited. Essentially, you have to export all of the data to a CSV and then manipulate the spreadsheet locally.
Jennifer Hess | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

AccountMate
8.8
Xero
6.9
Pay calculation
AccountMate
10.0
Xero
8.6
Direct deposit files
AccountMate
9.0
Xero
7.1
Salary revision and increment management
AccountMate
8.0
Xero
5.7
Reimbursement management
AccountMate
8.0
Xero
6.7
Benefit plan administration
AccountMate
Xero
6.4

Security

AccountMate
9.0
Xero
8.6
Single sign-on capability
AccountMate
9.0
Xero
8.4
Role-based user permissions
AccountMate
Xero
8.9

Reporting & Analytics

AccountMate
7.0
Xero
8.3
Dashboards
AccountMate
6.0
Xero
8.5
Standard reports
AccountMate
9.0
Xero
8.6
Custom reports
AccountMate
6.0
Xero
7.7

General Ledger and Configurable Accounting

AccountMate
7.6
Xero
8.1
Accounts payable
AccountMate
8.0
Xero
8.9
Accounts receivable
AccountMate
9.0
Xero
8.8
Cash management
AccountMate
7.0
Xero
8.2
Bank reconciliation
AccountMate
8.0
Xero
8.7
Expense management
AccountMate
9.0
Xero
8.7
Time tracking
AccountMate
7.0
Xero
6.2
Multi-currency support
AccountMate
7.0
Xero
8.5
Multi-division support
AccountMate
9.0
Xero
7.9
Regulations compliance
AccountMate
7.0
Xero
8.5
Electronic tax filing
AccountMate
8.0
Xero
7.5
Global Financial Support
AccountMate
8.0
Xero
6.8
Intercompany Accounting
AccountMate
5.0
Xero
8.2
Journals and Reconciliations
AccountMate
8.0
Xero
8.8
Enterprise Accounting
AccountMate
7.0
Xero
8.0
Configurable Accounting
AccountMate
7.0
Xero
8.7
Standardized Processes
AccountMate
7.0
Xero
8.1
Fixed asset management
AccountMate
Xero
8.6
Self-service portal
AccountMate
Xero
8.4
Primary and Secondary Ledgers
AccountMate
Xero
8.6
Localizations
AccountMate
Xero
6.8
Centralized Rules Framework
AccountMate
Xero
7.4

Inventory Management

AccountMate
8.0
Xero
6.7
Inventory tracking
AccountMate
9.0
Xero
7.1
Automatic reordering
AccountMate
8.0
Xero
7.1
Manufacturing module
AccountMate
7.0
Xero
5.6
Location management
AccountMate
Xero
7.1

Order Management

AccountMate
8.6
Xero
8.3
Pricing
AccountMate
8.0
Xero
7.5
Order entry
AccountMate
9.0
Xero
8.8
Credit card processing
AccountMate
9.0
Xero
8.3
Cost of goods sold
AccountMate
9.0
Xero
8.4
End-to-end order visibility
AccountMate
8.0
Xero
8.3
Order Orchestration
AccountMate
Xero
8.6
Order exception Resolution
AccountMate
Xero
8.2

Customization

AccountMate
9.0
Xero
7.4
Plug-ins
AccountMate
9.0
Xero
7.8
API for custom integration
AccountMate
Xero
7.1

Pros

AccountMate

  • Ease of use
  • Ability to easily adapt the solution to fit the needs of the end user
  • Integration of data across different platforms
Les Kule | TrustRadius Reviewer

Xero

  • Xero makes reconciliation incredibly easy. It remembers how we reconciled a particular transaction last time and you can set up rules to auto code transactions so all you need to do is press OK. This makes keeping track of sales tax pretty simple too.
  • Reporting is a breeze, as long as you code all your transactions correctly it takes seconds to bring up a balance sheet, Profit & Loss and many other types of reports. It also allows for all kinds of custom layouts and exports.
  • Once your templates are set up with all the relevant information, sending invoices is simple and fast. It's also easy to track different line items on your invoice, say your keeping track of a project which is only part of the full invoice and is necessarily a specific line item, tracking codes make that very easy.
Malcolm Colman-Shearer | TrustRadius Reviewer

Cons

AccountMate

  • Custom reports: The current system uses Crystal Reports, which is a bit cumbersome.
  • True cloud-based solution is missing
Les Kule | TrustRadius Reviewer

Xero

  • Using an accounting system in a web browser versus a standalone app can be a little clunky when it comes to navigation or having multiple windows open at once. This is more a function of using a web browser then a knock against xero itself. For us this is just a minor annoyance having come from a desktop based system before.
Patrick Cranston | TrustRadius Reviewer

Likelihood to Renew

AccountMate

No score
No answers yet
No answers on this topic

Xero

Xero 5.3
Based on 26 answers
In addition to the matters covered in this review, my reason for renewing this product is that Xero's functionality and the constant updates that the company provides, makes the software even more business friendly. The software therefore builds a brand loyalty among customers.
Sarang Mandke | TrustRadius Reviewer

Usability

AccountMate

No score
No answers yet
No answers on this topic

Xero

Xero 8.4
Based on 20 answers
It simply is incredibly usable with excellent drill down features. The dashboard is highly configurable. Transactions are now even easier to find with the new Global Search feature. Documents can be attached to transactions. We use Bills Entryless to transfer documents to Xero without keying the data. Visibility to reports (the old style takes seconds). The newer reports are more RAM hungry so there can be a 10 second or so lag while the report is compiled. Usually old style reports deliver what our clients need in a flash
John Cotter | TrustRadius Reviewer

Reliability and Availability

AccountMate

No score
No answers yet
No answers on this topic

Xero

Xero 9.0
Based on 10 answers
We have been actively using and 100% Xero based for our ecommerce accounting practice for over 4 years. There has on been one real outage for more than 5 minutes. Xero was open and transparent about the outage, what they were doing to resolve the issue, and provided 15 minute updates. Showing how they care about their customers and partners. Plus, showing that their customers care too, were understanding, and went surfing or in our case took a nap. Couldn't run our business without Xero as a partner.
Scott Scharf | TrustRadius Reviewer

Performance

AccountMate

No score
No answers yet
No answers on this topic

Xero

Xero 10.0
Based on 8 answers
In 3 years of use, I've only broken the system once. And that was for 30 seconds.
Dan Schmidt, CPA | TrustRadius Reviewer

Support Rating

AccountMate

No score
No answers yet
No answers on this topic

Xero

Xero 1.2
Based on 15 answers
Support has always been responsive and quickly resolved any questions I have. The only reason I don't give full points is because there's no way to call for immediate help. I'm fine with this because I don't need it badly enough to pay for it
Dave Olsen | TrustRadius Reviewer

Online Training

AccountMate

No score
No answers yet
No answers on this topic

Xero

Xero 10.0
Based on 5 answers
All of Xero's training is online and available for anyone (business owner or accountants) to learn and become experts in their system. There is a range of content from product training to real world webinars from their partners. Xero is beautiful accounting software and their training is the same.
Scott Scharf | TrustRadius Reviewer

Implementation Rating

AccountMate

No score
No answers yet
No answers on this topic

Xero

Xero 9.5
Based on 9 answers
If it can be done, time the implementation near a new fiscal year so you can start clean. Otherwise, you have to go back and do historical data from the beginning of the fiscal year, which can be brain draining.
Andre Yeu | TrustRadius Reviewer

Alternatives Considered

AccountMate

We use AccountMate for a number of reasons, particularly its ease of use and the ability to customize any part of the system (with source code residing on the end-user system--a HUGE advantage).
Les Kule | TrustRadius Reviewer

Xero

Xero was the easiest to use and most cost effective of all the solutions we evaluated during the procurement process. We spoke to other similar sized businesses and they highly recommended using Xero. We liked the fact it's a cloud based system meaning we can access the system and data remotely. It integrates with our recurring billing platform and our bank.
Graham Green | TrustRadius Reviewer

Scalability

AccountMate

No score
No answers yet
No answers on this topic

Xero

Xero 10.0
Based on 6 answers
After 4 years I cannot remember a single moment of downtime. Outstanding reliability!
Doug Fish | TrustRadius Reviewer

Return on Investment

AccountMate

  • Allows us to quickly gain insight into the current and past performance of the company
Les Kule | TrustRadius Reviewer

Xero

  • Demand for Xero trained accountants and bookkeepers has been key to our growth. Our business was started on Xero and has benefited greatly from interest in Xero from customers dissatisfied with QuickBooks.
  • The practice management tools provided by Xero make it easy to delegate and restrict access to client files to only the staff who need to have access. This increases efficiency and security.
  • Xero's support for accounting firms is great. We have a dedicated account rep who can step in and get problems solved for us very quickly.
Blake Oliver | TrustRadius Reviewer

Pricing Details

AccountMate

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Xero

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

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