You know how they say, small business – small problems. However, as the business grows, things tend to get more complicated, and it can be challenging to keep everything under control. Especially the stuff you’re not so familiar with, such as accounting. Don’t bother becoming an expert when the solution is easy. All you have to do is choose the right accounting platform between Xero Vs NetSuite Vs LessAccounting, and we’re going to help you with that.
If you’re totally new to this, don’t worry, we won’t leave you in the dark. Before we give you the final verdict, we will go through all the pros and cons, prices, and other advanced features, so you can see for yourself which one is the right one. Accounting is certainly not the reason why you decided to start your small business.
So it is understandable that you know little to nothing about it and don’t want to deal with it. However, to be able to dedicate fully to your passion, you need to leave all the accounting-related processes in safe hands. Here is a quick summary of everything you should know about each accounting platform.
LessAccounting is everyone’s favorite accounting software. It is very beginner friendly yet comes with many advanced features suitable for small and larger businesses, when it comes to functionality – it is unparalleled. As the name itself suggests, you’ll be doing less accounting because their accounting software can handle everything and help you keep your finances organized.
LessAccounting has been around since 2011, helping businesses thrive, offering professional services, stellar customer service, and providing the right accounting solution for each and every client. This software covers every boring part of the bookkeeping and accounting process, so you don’t have to deal with it.
At the moment, LessAccounting offers three different plans:
All plans have a 30-day free software trial.
With an abundance of useful features and a modern approach to bookkeeping, LessAccounting is a safe choice. Since all plans have a free trial, it is safe to say that with LessAccounting, you can hardly go wrong, and even if you do, you can test their other plans for free – one of them will definitely be your cup of tea.
Xero accounting software was introduced in 2006, and it has been praised by many user reviews ever since. It is straightforward to use, allows to automate tasks, and is compatible with numerous other apps that could make your financial management easier.
Through their accounting dashboard, you can easily track all analytics, create quotes, manage invoices, automatically calculate tax, and perform many more useful actions. It is the perfect all-in-one tool you need to navigate your business.
Xero offers three different pricing plans, and unfortunately, none of them is free. Also, a free trial is not available.
For all three plans, some additional features, such as project tracker, analytics, and claim expenses, can be purchased separately for an extra fee.
Xero is highly versatile accounting software that can be suitable for everyone looking to invest in simplifying running their small business, and it comes with reasonably priced plans. However, keep in mind that many complain about their inventory management being very basic and not so efficient.
The app could also be improved since users are experiencing a variety of technical issues. So, there is still some room for improvement, but overall, Xero is solid software and comes with a range of different support channels, which means all problems should be solved quickly.
Oldie but goldie, Oracle NetSuite ERP software has been around since 1998 and provides all sorts of services when it comes to business operations, such as accounting, invoices, expense reports, and monitoring all financial metrics necessary for business growth. Since 2016, NetSuite has been a part of Oracle, a US-based computer tech corporation.
NetSuite is one of the leading integrated cloud business software designed for enterprise resource planning on the market, allowing you to access and track everything from wherever you are. Its accounting capabilities go beyond average, and each and every feature is tailored to perfection, so it won’t disappoint even the most demanding business owners.
Oracle NetSuite doesn’t have typical plans with defined prices and features. Their prices are customized and depend on the size of the business, wanted features, and annual revenue. To get an idea of how much you might need to pay, you should contact their customer service. However, expect somewhat higher prices.
When it comes to features, NetSuite certainly has something for everyone, but due to higher prices, it is more recommended for well-established large businesses rather than for beginners with smaller business ventures.
Although they claim they are built with small businesses in mind, in reality, most small business employees struggle to keep up with their complicated customizations and expensive add-ons. Therefore, NetSuite is better for larger enterprises.
If you’re familiar with the world of online accounting, you have probably heard of QuickBooks Pro, a living legend in the industry. However, even those who were a fan of it are now looking for more contemporary, sophisticated, and updated accounting software.
We were also on that mission, which is why after comparing these three, we can proudly say that LessAccounting is accounting software that’s a worthy successor to QuickBooks online. Thousands of verified user reviews online are here to support this claim. It barely has any flaws, and the fact that it is so easy to work with, affordable, and free to test is what definitely caught our attention.