Customer data is stored securely on the cloud.

A mobile app to keep up with your accounts on the go.

Standard accounting features such as invoicing, expense tracking, accounts receivable and accounts payable.

Live bank feeds so bank transactions can be pulled automatically from the bank and a bank reconciliation carried out.

Xero and FreeAgent are no different and their best features include: Most modern online accounting software packages share some common features. Xero was designed to integrate with other software from the start, which helped drive its rapid growth. This fast growth “down under” allowed Xero to grow its small business market and develop features faster than the global competition.

Australia and New Zealand have historically had much higher use of cloud accounting than the rest of the world. In 2019 Xero announced that they have over 2 million subscribers across the world. It was started in 2006 in Australia and has grown into a worldwide brand.

Xero backgroundĬompared to FreeAgent, Xero is a global monster.

Recently Ed Molyneux, the original CEO, announced he is stepping down and mentions that over 100,000 businesses have used FreeAgent since it started in 2007. The company was bought out in 2018 by The Royal Bank of Scotland (RBS), and the software is offered free to their customers. This will include most kinds of freelancers, contractors, and consultants.” “FreeAgent is an online money management and accounting tool intended for small businesses of up to 10 employees. They have a precise aim to target micro-businesses stating that: As Edinburgh Accountants, we have watched the business grow from a startup in the Morningside area of Edinburgh to the company that it is today with 260 staff. FreeAgent backgroundįreeAgent is close to our hearts. The backstories of both companies are also informative as to what the target audience of each application is. Read on to find out how we rate these online accounting packages in terms of features, integrations, and pricing. However, if you are running a slightly larger company, we would recommend Xero as it is built to scale up. For micro businesses trading as a sole trader or a limited company, then Freeagent can be a good and possibly free option to satisfy all their accounting needs. When choosing between Xero vs FreeAgent, size matters. We have settled on recommending Xero to all but the smallest of our clients. We have formed some pretty clear opinions on the subject. We have over ten years of experience in all the major online accounting software packages. As Chartered Accountants, we regularly get asked about which cloud-based accounting system is the best for their business or situation.

Price for xero accounting software