Greetings accounting enthusiasts! Today, we'll be comparing two popular cloud-based accounting software - Xero and Sage 200cloud. Both Xero and Sage 200cloud are powerful tools that have been designed for businesses of all sizes, but which one is the best fit for larger organizations? Let's dive into the details and find out.
Xero - The King of the Cloud
Xero is one of the most popular cloud-based accounting software providers for small and medium-sized businesses. Founded in New Zealand in 2006, Xero has since made its way into global markets, providing a simple and intuitive interface with a wide range of features targeted at small businesses.
Xero offers real-time bank feeds, inventory management, invoicing, multi-currency support, and many third-party integrations. Another advantage is the Xero mobile app, which allows you to manage your finances on the go.
When it comes to pricing, Xero offers three plans, including Early, Growing, and Established plans. All these plans can handle large transactions, and you can upgrade or downgrade based on your needs. Xero's customer support is available via email, chat, or phone.
But can Xero handle larger organizations' needs? Let's find out.
Sage 200cloud - A Robust Solution
Sage 200cloud is designed for small, medium and large businesses with complex accounting needs. Sage 200cloud has been in the market since 1981 and is known for its robust features, especially when it comes to inventory management, job costing, and project tracking.
Sage 200cloud offers features like cash flow management, invoice payments, purchase management, reporting, and analytics on top of accounting. Moreover, Sage 200cloud has multi-currency, multi-language, and multi-company support, making it ideal for companies that operate globally.
Sage 200cloud is more expensive, with four pricing plans, including Financials Start, Financials, Standard, and Professional. Sage 200cloud's customer support is available via email, chat, phone, and a dedicated customer portal.
A Head-to-Head Comparison
| Features | Xero | Sage 200cloud |
|---|---|---|
| Pricing | From $11/month to $62/month | From $45/month to $215/month |
| Ease of Use | Simple and intuitive | Steep learning curve and may require training |
| Inventory | Suitable for small inventory needs | Ideal for managing complex inventory needs |
| Reporting | Standard report templates | Customizable reports |
| Scalability | Limited for larger organizations | Ideal for larger organizations |
| Integrations | 800+ third-party integration apps | 100+ third-party integration apps |
| Customer Support | 24/7 email and chat support, phone support | 24/7 email and chat support, phone support, dedicated customer portal |
Conclusion - Which One is Better for Larger Organizations?
Both Xero and Sage 200cloud are excellent accounting software packages, but there are some differences you should consider before making a decision if you have larger accounting needs.
Xero is best suited for small and medium-sized businesses whose complexity is low to medium. In contrast, Sage 200cloud is suitable for businesses that have more significant accounting needs and operate on a global scale.
In summary, Xero delivers functionality and usability for small and medium-sized organizations, while Sage 200cloud is an ideal solution for larger organizations.
We hope this head-to-head comparison has helped you decide on an accounting system that best meets your company's needs.