AccountMate vs. Xero

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AccountMate
Score 8.0 out of 10
N/A
AccountMate offers accounting software for small, midsize, or growing businesses. AccountMate SQL Software is specifically for businesses with high transaction volumes and heavy user loads. It can accommodate hundreds of simultaneous users, providing businesses with a comprehensive, real-time business and financial management solution. AccountMate Express Software is designed for businesses with up to five concurrent users that desire the stability and speed of a SQL database…N/A
Xero
Score 8.7 out of 10
N/A
Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.
$11
per month
Pricing
AccountMateXero
Editions & Modules
No answers on this topic
Early
$11
per month
Growing
$32
per month
Established
$62
per month
Offerings
Pricing Offerings
AccountMateXero
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
More Pricing Information
Features
AccountMateXero
Payroll Management
Comparison of Payroll Management features of Product A and Product B
AccountMate
8.8
1 Ratings
Xero
8.3
72 Ratings
Pay calculation10.01 Ratings8.064 Ratings
Direct deposit files9.01 Ratings8.949 Ratings
Salary revision and increment management8.01 Ratings8.941 Ratings
Reimbursement management8.01 Ratings7.554 Ratings
Benefit plan administration00 Ratings8.123 Ratings
Security
Comparison of Security features of Product A and Product B
AccountMate
9.0
1 Ratings
Xero
8.6
116 Ratings
Single sign-on capability9.01 Ratings8.972 Ratings
Role-based user permissions00 Ratings8.4114 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
AccountMate
7.0
1 Ratings
Xero
8.2
133 Ratings
Dashboards6.01 Ratings8.0129 Ratings
Standard reports9.01 Ratings8.8132 Ratings
Custom reports6.01 Ratings7.9121 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
AccountMate
7.6
1 Ratings
Xero
8.1
141 Ratings
Accounts payable8.01 Ratings8.8130 Ratings
Accounts receivable9.01 Ratings8.7131 Ratings
Cash management7.01 Ratings8.1121 Ratings
Bank reconciliation8.01 Ratings8.9137 Ratings
Expense management9.01 Ratings8.1125 Ratings
Time tracking7.01 Ratings6.842 Ratings
Multi-currency support7.01 Ratings8.382 Ratings
Multi-division support9.01 Ratings7.874 Ratings
Regulations compliance7.01 Ratings8.367 Ratings
Electronic tax filing8.01 Ratings8.265 Ratings
Global Financial Support8.01 Ratings8.336 Ratings
Intercompany Accounting5.01 Ratings7.440 Ratings
Journals and Reconciliations8.01 Ratings8.789 Ratings
Enterprise Accounting7.01 Ratings7.433 Ratings
Configurable Accounting7.01 Ratings8.359 Ratings
Standardized Processes7.01 Ratings8.659 Ratings
Fixed asset management00 Ratings7.286 Ratings
Self-service portal00 Ratings7.780 Ratings
Primary and Secondary Ledgers00 Ratings7.734 Ratings
Localizations00 Ratings8.240 Ratings
Centralized Rules Framework00 Ratings8.333 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
AccountMate
8.0
1 Ratings
Xero
7.0
64 Ratings
Inventory tracking9.01 Ratings6.160 Ratings
Automatic reordering8.01 Ratings7.624 Ratings
Manufacturing module7.01 Ratings6.416 Ratings
Location management00 Ratings7.829 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
AccountMate
8.6
1 Ratings
Xero
7.7
88 Ratings
Pricing8.01 Ratings7.261 Ratings
Order entry9.01 Ratings7.956 Ratings
Credit card processing9.01 Ratings8.657 Ratings
Cost of goods sold9.01 Ratings8.165 Ratings
End-to-end order visibility8.01 Ratings7.424 Ratings
Order Orchestration00 Ratings7.521 Ratings
Order exception Resolution00 Ratings7.617 Ratings
Customization
Comparison of Customization features of Product A and Product B
AccountMate
9.0
1 Ratings
Xero
7.7
97 Ratings
Plug-ins9.01 Ratings8.285 Ratings
API for custom integration00 Ratings7.278 Ratings
User Ratings
AccountMateXero
Likelihood to Recommend
10.0
(1 ratings)
8.9
(155 ratings)
Likelihood to Renew
-
(0 ratings)
9.4
(29 ratings)
Usability
-
(0 ratings)
8.9
(80 ratings)
Availability
-
(0 ratings)
9.0
(20 ratings)
Performance
-
(0 ratings)
10.0
(16 ratings)
Support Rating
-
(0 ratings)
7.6
(37 ratings)
In-Person Training
-
(0 ratings)
9.1
(1 ratings)
Online Training
-
(0 ratings)
10.0
(5 ratings)
Implementation Rating
-
(0 ratings)
9.5
(18 ratings)
Configurability
-
(0 ratings)
9.0
(1 ratings)
Ease of integration
-
(0 ratings)
7.8
(57 ratings)
Product Scalability
-
(0 ratings)
10.0
(6 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(2 ratings)
Vendor pre-sale
-
(0 ratings)
10.0
(2 ratings)
User Testimonials
AccountMateXero
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.
Read full review
Xero
Xero is a 10-point software since it streamlines accounting and financial processes with great agility, generating immediate productivity. I recommend using all its features since, from creating reports to paying bills, the whole process is easy and does not require much knowledge. We can use it remotely with our phones and still build fluidity, plus it can be integrated with Salesforce, building even more power for short-term results.
Read full review
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
Read full review
Xero
  • Reporting (customizing look and contents and the ability to add multiple comparative periods is brilliant and not found in many other competitors.
  • Bank feeds. The way they organize bank feed and subsequent matching or coding is very user-friendly for non-accountants and fast for accountants.
  • Can file VAT returns and is MTD compliant in UK.
  • Customer support has been helpful (at least in my experience).
Read full review
Cons
AccountMate
  • Custom reports: The current system uses Crystal Reports, which is a bit cumbersome.
  • True cloud-based solution is missing
Read full review
Xero
  • Overall it is a great platform and quite comprehensive for US based users.
  • However, if we focus on multinational companies that want to integrate the information of different companies in several countries within the same solution, we find the need to carry out reports outside the platform to provide the accounting structure and compliance necessary in countries outside the US.
Read full review
Likelihood to Renew
AccountMate
No answers on this topic
Xero
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.
Read full review
Usability
AccountMate
No answers on this topic
Xero
It has deep functionality, and it's easy to use for invoicing, quoting, financial reporting, and customer management. This product manages financial information for small business owners in a unique way. The phone interface is really good as well-meaning I can keep on top of the finances on my phone and feel confident about the financial decisions I'm making.
Read full review
Reliability and Availability
AccountMate
No answers on this topic
Xero
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.
Read full review
Performance
AccountMate
No answers on this topic
Xero
Pages generally load quickly, but it's a fairly common occurrence to have pages taking a bit longer than I'd like to load (as in, 4+ seconds). Occasionally I have to refresh a page to get it to work. Bank feed and integrations tend to be slow in general, but that could easily be due to API latency on the side of the other parties. Most of the time, though, the bank feeds refresh before I login so it's not a huge problem. Not necessarily good performance compared to a local app like QuickBooks desktop, but definitely good performance for a cloud application. Room for growth? yes.
Read full review
Support Rating
AccountMate
No answers on this topic
Xero
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
Read full review
In-Person Training
AccountMate
No answers on this topic
Xero
The format was great; someone was there to ask questions or help if you were stuck.
Read full review
Online Training
AccountMate
No answers on this topic
Xero
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.
Read full review
Implementation Rating
AccountMate
No answers on this topic
Xero
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.
Read full review
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).
Read full review
Xero
Solely the ease of use. This has saved me so much time on day-to-day tracking it is astonishing. Not only does it make it super easy to send invoices, but it also makes it easy to print invoices off, eases the process of partial payments, and keeps good track of all notes made to the account.
Read full review
Scalability
AccountMate
No answers on this topic
Xero
I have yet to fully stress test the product given the size of the company where I am using it. I am sure as we scale to more customers, more vendors and more reporting requirements, I will have a better understanding of what it is capable of in terms of bandwidth and processing
Read full review
Return on Investment
AccountMate
  • Allows us to quickly gain insight into the current and past performance of the company
Read full review
Xero
  • Xero helps to [minimize] payroll errors, saving the business money[.]
  • Tracking cost of goods is very easy which means that controlling expenses is easy[.]
  • It's extremely easy to pull up all key financial data to get both broad and specific snapshots of the business's financial health[.]
Read full review