TallyPrime is a business management software solution focusing on accounting and invoicing functionality, designed with flexibility to suit different purchase and sales processes, followed by the business. Users can share invoices, orders and more via WhatsApp directly from TallyPrime.
$855
one-time fee
Xero
Score 8.3 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.
$13
per month
Pricing
TallyPrime
Xero
Editions & Modules
Silver
$855
one-time fee
Gold
$2,565
one-time fee
Early
$13
per month
Growing
$37
per month
Established
$70
per month
Offerings
Pricing Offerings
TallyPrime
Xero
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
Users can also rent the product for 3, 6 or. 12 month durations at a slightly higher rate.
Prices in table are in USD and just apply to the US - other markets & prices are listed below:
Canada - Starter $18 CAD/month, Standard $45 CAD/month, Premium 5 $58 CAD/month
UK - Starter £14/month, Standard £28/month, Premium £36/month
AU - Starter $29 AUD/month, Standard $59 AUD/month, Premium 5 $76 AUD/month
NZ - Starter $31 NZD/month, Standard $66 NZD/month, Premium $84 NZD/month
When talking about the best, It suits best for accounting the day to day transaction along with reporting the summary of transaction in comparison with other accounting software like Zoho Books for instance, which we used earlier for accounting transactions. I feel TallyPrime is the leader in the industry. Regarding the less appropirate scenarios are its User interface. which needs to be carved further in future, recommended to come up with a Customized Theming option as users generally feel not so comfortable with the same colors every time. Change is generally expected to include customized vibrant colors. I'm curios watch the developments in future.
I am a massage and physical therapist. We are not a fancy business but business admin can take a lot of time and effort. Xero came recommended to me by colleagues in the sector. You raise invoices, you get paid. and you pay your bills. These are all daily scenarios for most businesses and Xero does this particularly well. Since my accountant can query my records directly, this greatly saves on bookkeeping time when it is time to do the company returns.
Repeating invoices (most of my business is monthly recurring invoices) - it does these very well.
Reporting - particularly being able to dig into the different lines of the P&L statement.
Tracking categories - I assign a category to every line of every invoice so it's easy to see how much has been sold of each type of service every month and year, and compare them to previous periods.
TDL related automation is something that I'm very curious and TallyPrime should invest time to develop it and provide Knowledge training on it.
I feel the necessity to introduce the TallyPrime software access in a handheld device access or via web such that on the go transaction can be made noted in TallyPrime without resorting to Desktop environment
The UI should also be changed currently, whenever I sit, I use keyboard like a typewriter and that aesthetic must be modified with a feature
The theming feature should be introduced in the TallyPrime, earlier, in TallyERP 9, we have green color screen with some shades of green and now that they have changed that to some blue with bluish shade, I'm curious to have customized colors.
Having different email addresses for different parts of a customer's business (eg invoices and statements to different places)
Easily seeing the text of emails that have been sent through Xero
More easily archiving old pay items. Our HR software updates rates when awards are updated which means a lot of old pay rates are in the system and they have multiple clicks to archive each one. Clicking the ones to archive in bulk and then just click archive for all would be much more efficient.
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.
I use it regularly, so I feel it as best apart from the User Interface. For recording general day to day transactions, it is apt and to go far beyond given features and for customization, there is a need for the Tally expert to assess the business requirement, So I feel the rating is apt in this judgement.
As a standalone software, it allows users to fulfill most of the basic functions (e.g. transaction input and report generation) simply and conveniently. It also allows for multiple APIs to help augment various tasks that accounting-adjacent (e.g. claims processing). The cloud based model and portability to mobile devices allows tasks to be carried out in a more convenient way.
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.
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.
Always respond and keep issues open until you are satisfied with the result. Generally good responses, in the past, I had some support responses that were really basic and really annoying. They type where "have your tried restarting your computer" style of answers. Well, of course, I went through all the basics before contacting them. Duh, but I suppose not everyone does. Otherwise, it would be a 10. The last year has shown a marked improvement in the support responses however.
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.
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.
TallyPrime often appeals to small to medium-sized businesses due to its affordability. Its strength in inventory management and tax compliance may make it a top choice for retail or business clients in regions with complex tax regulations. Real saviour when it comes to companies with production and inventory management. Thank you Team for the software.
Each of the products I listed had their own list of drawbacks, but the one thing they all had in common, which was right on top of that list of drawbacks, was ease of use. I struggled to get myself accustomed to each system and struggled, but when it came to getting a client to even try and use it was when the true struggle started. Just found it easier to make use of Xero from the very beginning.
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
Xero is a basic accounting system that performs basic accounting tasks easily and accurately. For that, it provides a positive impact on our day to day accounting operations.
Because of Xero's basic structure, I feel it lacks some of the sophistication that some users want and need. The ability to create unique custom reports would enhance the impact Xero would have on meeting business objectives by providing current and useful accounting information.
In my opinion, Xero's lack of focus on their customers - their users - is a real issue with me. In my opinion, those of us that are in the trenches that work with the system on a daily basis have to deal with the shortcomings of the system with the knowledge that Xero support refuses to address the operational issues that make their user's lives difficult. I feel if Xero would focus on truly making their software better from a users point of view, it has the potential to be a great system.
