Compare Xero vs Spendwise (Officewise)

Summary

Xero is an award-winning online accounting software for small scale businesses. Xero offers a variety of features to make your business function smoothly and efficiently. The software handles all the accounting transactions effectively. It permits unlimited users to get online at a time and work in collaboration over data which is accessible through a single ledger. Xero also provides Bank Reconciliation services by importing the various transactions from your bank accounts and matching them with your cash-book. Business finances and cash-flow statements are updated on a real-time basis, helping you to keep a track of all your expenses and transactions. ..show more

Spendwise (Officewise) is a spend management software that helps companies with their financial planning and monitoring facilities. The software helps accountants create, approve and send purchase orders of professional quality in seconds. They can also manage the receiving process of their purchase orders when goods or services are delivered to them. Spendwise (Officewise) also helps companies to manage their expenses and bills including any approvals electronically. Users can create budgets and track their spendings incurred and on order. Over 25 powerful reports offered by the same help companies to keep their spendings under control. Spendwise (Officewise) benefits companies by allowing them to spend less time on paperwork and more time on creating value for their products. It offers a heap of tools that help users to cut down administration costs, eliminate unnecessary spendings and make better decisions. Moreover, companies can even store all of their data online in a secured way and access it from anywhere, at any time. ..show more

An accounting software focused on providing expert accounting services to small scale businesses. It is best suited for self-employed professionals, small scale agencies, firms and consultancies. The software expertise in handling accounting tasks related to billing, invoicing and expense tracking. Freshbooks time tracking feature will provide you information so that you can invoice your bill for exactly what you’re worth. This easy-to-use software also provides a mobile app which allows you to keep a check on the accounting processes all the time. Freshbooks was awarded as “Leader in the Fall 2017 Small-Business Accounting Grid Report” based on customer satisfaction and market presence. ..show more

Accounts Payable Handling the money owed by a business to its suppliers.

Accounts Receivable Handling the money the client owes to the company.

Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement.

Billing and Invoicing This feature helps in issuing and handling the invoice and bills.

CPA Firms Offers collaboration with a professional expert for financial and consulting services.

Cash Management Collection and management of cash.

Collections Recovery of cash from a business or individual.

Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process.

Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

General Ledger Maintaining and recording all the accounting related transactions.

Multi-Currency Enables payment and collection in multiple currencies.

Payroll Handling the salary payable to the employees

Project Accounting Creation of financial reports specifically designed to track the financial progress of projects

Purchasing Acquiring goods or services required for the business at minimal cost

Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for

Spend Management Managing the expenditure of a business in order to build its product or services

Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

Top alternatives to Xero

Sage Accounting (Sage One)

SAP S/4HANA Finance (SAP Simple Finance)

Zoho Books

Tally

Quickbooks

Top alternatives to Spendwise (Officewise)

Xero

Quickbooks

Freshbooks

Wave

FreeAgent