Xero vs TRAVERSE Comparison

95% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Xero

Accounting Software

4.3 2,397 user ratings

Start Free Trial

82% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

TRAVERSE

Accounting Software

4.2 15 user ratings

Start Free Trial

Zoho Books

Accounting Software

4.3 734 user ratings

Visit Website

Overview

Description	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. Read more	Traverse is an Accounting Software and Integrated ERP for your business. Manage your cash flow, and analyze performance and trends with Dashboards. Small, Medium and Large companies make use of the software. Read more	Zoho Books is a simple and affordable accounting software that specializes in keeping a detailed track of the cash flow of your business and helping you track your expenses and income. The software also provides you with multi-currency features that is helpful for an organization making transactions in multiple currencies across the globe. Zoho Books also offers professional invoice services along with a tax filing portal that allows you to directly file your returns. The software also provides other accounting services like Bank Reconciliation, and handling your general and accounts, letting you concentrate more on the core activities. Read more
Pricing Options	Free Trial Available Starts at $11.0.	Free Trial Available TRAVERSE Offers Custom plan.	Free Trial Available Starts at $15.0. Offers Free-forever plan.
SW Score & Breakdown	95% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 97% Reviews 93% Momentum 61% Popularity 97%	82% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 94% Reviews 64% Momentum 60% Popularity 62%	94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 98% Reviews 89% Momentum 65% Popularity 88%
SaaSworthy Awards	# 2 Most Worthy # 6 Fastest Growing	Not Available	# 15 Fastest Growing # 10 Most Popular

Features

Total Features	15 Features	14 Features	16 Features
Common Features for All	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 + 12 More - Show Less	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 + 11 More - Show Less	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 + 13 More - Show Less

Technical Details

Organization Types Supported	Freelancers Large Enterprises Medium Business Small Business	Freelancers Large Enterprises Medium Business Small Business	Freelancers Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows
Modes of Support	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	NA	Available

Reviews & Ratings

User Rating	4.3/5 2,397 user ratings	4.2/5 15 user ratings	4.3/5 734 user ratings
Ratings Distribution	Excellent 60.7% Very Good 23.5% Average 6.4% Poor 3% Terrible 6.4%	Excellent 50% Very Good 27.8% Average 16.7% Poor 0% Terrible 5.6%	Excellent 51.4% Very Good 37% Average 8% Poor 1.2% Terrible 2.4%
Review Summary	Xero is a cloud-based accounting software trusted by many businesses worldwide. It offers user-friendly features, seamless integrations, and real-time financial data. Reviewers praise its intuitive interface, robust reporting capabilities, ease of use, and excellent customer support. However, some users express concerns about its pricing, occasional technical difficulties, and limited customization options. Overall, Xero is a reliable accounting solution that caters to the needs of small businesses and accountants, offering efficient financial management and the ability to streamline business operations.	Not Available	Based on reviews from several reputable platforms, users generally agree that the software is easy to use and has a user-friendly interface. It is praised for its comprehensive features, including invoicing, expense tracking, and inventory management. However, some users have expressed concerns about occasional technical glitches and limited customization options. Overall, the software is well-received for its user-friendliness, feature-richness, and affordability, making it a solid choice for small businesses seeking an accounting solution.
	Read All User Reviews	Read All User Reviews	Read All User Reviews

AI-Generated from the text of User Reviews

Pricing

Pricing Options	Free Trial Available Starts at $11.0.	Free Trial Available TRAVERSE Offers Custom plan.	Free Trial Available Starts at $15.0. Offers Free-forever plan.
Pricing Plans Monthly Plans Annual Plans	Early $11.00 $11.00 per month Growing $32.00 $32.00 per month Established $62.00 $62.00 per month	Traverse Custom	Free Free Standard $15.00 $20.00 per month Professional $40.00 $50.00 per month Premium $60.00 $70.00 per month Elite $120.00 $150.00 per month
	View Detailed Pricing	View Detailed Pricing	View Detailed Pricing

Alternatives

	Zoho Books 4.3 Based on 1112 Ratings Xero Vs Zoho Books Sage Accounting (Sage One) 4.5 Based on 3173 Ratings Xero Vs Sage Accounting (Sage One) Quickbooks 4.2 Based on 23468 Ratings Xero Vs Quickbooks QuickBooks Online Advanced 4.5 Based on 539 Ratings Xero Vs QuickBooks Online Advanced Sage Business Cloud Accounting 4.2 Based on 439 Ratings Xero Vs Sage Business Cloud Accounting	PayTraq 5 Based on 7 Ratings TravelOffice 3.5 Based on 2 Ratings Aquilon ERP 4.6 Based on 85 Ratings ClearView ERP Traxit 5 Based on 4 Ratings
	View All Xero Alternatives	View All TRAVERSE Alternatives