Sage Accounting is online accounting software made to simplify life for small business owners, entrepreneurs, and freelancers by providing the functions needed to take care of daily business to-dos.
Users can create and send professional quotes and invoices, track income and expenses and know where the business' financials stand. Every Sage Business Cloud Accounting subscription includes unlimited access to support as well as automatic backups and product updates.
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Xero
Score 7.8 out of 10
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Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.
$13
per month
Pricing
Sage Accounting
Xero
Editions & Modules
No answers on this topic
Early
$13
per month
Growing
$37
per month
Established
$70
per month
Offerings
Pricing Offerings
Sage Accounting
Xero
Free Trial
Yes
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
Versions and pricing listed are for CA products. Versions available and pricing may vary by country.
* 2 months free to start, or free for 1 month to try, then $19/$43/$62 +tax/mo (tier depending). Offer valid for new customers only on monthly subscriptions of Sage Business Cloud Accounting. After the promotional period, the monthly subscription rate will renew at the then current rate. May not be combined with any other offers or discounts. To ensure continuous service the subscription plan is an automatically renewing plan. Subsequent months will automatically be billed to the same credit card each month on the anniversary date of purchase. Plans can be terminated at any time prior to the renewal data and not charged for renewal.
Prices in table are in USD and just apply to the US - other markets & prices are listed below:
Canada - Starter $18 CAD/month, Standard $45 CAD/month, Premium 5 $58 CAD/month
UK - Starter £14/month, Standard £28/month, Premium £36/month
AU - Starter $29 AUD/month, Standard $59 AUD/month, Premium 5 $76 AUD/month
NZ - Starter $31 NZD/month, Standard $66 NZD/month, Premium $84 NZD/month
More Pricing Information
Community Pulse
Sage Accounting
Xero
Features
Sage Accounting
Xero
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Sage Accounting
9.3
Ratings
19% above category average
Xero
7.5
Ratings
3% below category average
Pay calculation
10.00 Ratings
8.00 Ratings
Benefit plan administration
9.30 Ratings
8.00 Ratings
Direct deposit files
8.80 Ratings
7.20 Ratings
Salary revision and increment management
9.40 Ratings
7.10 Ratings
Reimbursement management
9.10 Ratings
7.00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Sage Accounting
8.6
Ratings
12% above category average
Xero
8.4
Ratings
10% above category average
API for custom integration
9.10 Ratings
7.90 Ratings
Plug-ins
8.00 Ratings
8.90 Ratings
Security
Comparison of Security features of Product A and Product B
Sage Accounting
9.7
Ratings
15% above category average
Xero
7.1
Ratings
16% below category average
Single sign-on capability
9.90 Ratings
5.50 Ratings
Role-based user permissions
9.50 Ratings
8.70 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Sage Accounting
9.3
Ratings
16% above category average
Xero
8.7
Ratings
10% above category average
Dashboards
8.30 Ratings
8.60 Ratings
Standard reports
9.80 Ratings
9.00 Ratings
Custom reports
9.70 Ratings
8.40 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Sage Accounting
9.1
Ratings
16% above category average
Xero
7.3
Ratings
6% below category average
Accounts payable
9.80 Ratings
8.80 Ratings
Accounts receivable
9.90 Ratings
8.80 Ratings
Cash management
9.80 Ratings
8.40 Ratings
Bank reconciliation
9.50 Ratings
8.70 Ratings
Expense management
9.90 Ratings
8.20 Ratings
Time tracking
6.60 Ratings
7.90 Ratings
Fixed asset management
8.40 Ratings
8.80 Ratings
Multi-currency support
10.00 Ratings
7.70 Ratings
Multi-division support
9.90 Ratings
8.30 Ratings
Regulations compliance
9.50 Ratings
8.70 Ratings
Electronic tax filing
9.70 Ratings
9.80 Ratings
Self-service portal
10.00 Ratings
8.40 Ratings
Global Financial Support
9.30 Ratings
7.10 Ratings
Primary and Secondary Ledgers
9.50 Ratings
9.00 Ratings
Intercompany Accounting
8.10 Ratings
4.40 Ratings
Localizations
8.30 Ratings
8.00 Ratings
Journals and Reconciliations
9.00 Ratings
9.80 Ratings
Enterprise Accounting
6.90 Ratings
2.40 Ratings
Configurable Accounting
9.30 Ratings
2.80 Ratings
Centralized Rules Framework
8.90 Ratings
3.30 Ratings
Standardized Processes
9.50 Ratings
3.60 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Sage Accounting
6.9
Ratings
6% below category average
Xero
6.7
Ratings
9% below category average
Inventory tracking
6.70 Ratings
9.00 Ratings
Automatic reordering
8.30 Ratings
6.20 Ratings
Location management
5.70 Ratings
6.20 Ratings
Manufacturing module
7.00 Ratings
6.00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Pastel also helps users to save time when it comes to bank and supplier reconciliations. Capturing into pastel is also easy. The merit of pastel is that it is very efficient and simplifies most of the financial accounting and human resource management tasks. I have discovered that some long batches (more than 2000), if posted during peak hours, tend to fail during posting and resume later, but at this point, doubling, trebling, or even quadrupling transactions.
I am a massage and physical therapist. We are not a fancy business but business admin can take a lot of time and effort. Xero came recommended to me by colleagues in the sector. You raise invoices, you get paid. and you pay your bills. These are all daily scenarios for most businesses and Xero does this particularly well. Since my accountant can query my records directly, this greatly saves on bookkeeping time when it is time to do the company returns.
Bank integration - being able to extract banking transaction into Sage Accounting.
Allocation rules - transactions are auto-allocated once allocation rules have been set up. This is a great time-saver.
Flexibility - the ability to view transactions, click on them to the allocation point and rectifying if required saves having to create journals, and therefore time. General ledgers therefore stay cleaner and more user-friendly.
Repeating invoices (most of my business is monthly recurring invoices) - it does these very well.
Reporting - particularly being able to dig into the different lines of the P&L statement.
Tracking categories - I assign a category to every line of every invoice so it's easy to see how much has been sold of each type of service every month and year, and compare them to previous periods.
I find it difficult to record journals in cloud accounting. Maybe I just don’t have the knowledge.
It’s important to export all unrecorded sync bank transactions to Excel to send to clients to explain the payment receipts before being posted. This function is not available on the cloud and makes life harder, having to call out the transactions to clients over the phone.
Limit unit price decimals to 2 digits, currently shows 3 or more after the decimal on invoices.
Discounted rates for multiple entities within the same group e.g. if you have a group of 3 or more companies looking to move to Xero, incentivize those clients with discounted monthly rates.
Easier way to reconcile loan accounts across multiple entities.
I could not live without Sage Accounting, it has become an integral part of my everyday. The more I have used Sage Accounting the more I have fallen in love with it. I am excited to be part of this ever-evolving accounting system that has grown from strength to strength, making life easier is something Sage does so well.
In addition to the matters covered in this review, my reason for renewing this product is that Xero's functionality and the constant updates that the company provides, makes the software even more business friendly. The software therefore builds a brand loyalty among customers.
Sage Accounting is built for the business owner/user and not the accountant, it therefore guides the user and thus detailed accounting knowledge and experience is not a necessarily a prerequisite . It offers a monthly price and therefore no significant up front spend and it tailorable to your business with useful dashboards that again you can tailor to instantly see what's important to you.
As a standalone software, it allows users to fulfill most of the basic functions (e.g. transaction input and report generation) simply and conveniently. It also allows for multiple APIs to help augment various tasks that accounting-adjacent (e.g. claims processing). The cloud based model and portability to mobile devices allows tasks to be carried out in a more convenient way.
Sage has been always available when I want it. If there is any maintenance work to be done by the Sage team, you are told well in advance. Maintenance is generally carried out late at night or before the day begins for most of us. It continues to be the most reliable software I use.
We have been actively using and 100% Xero based for our ecommerce accounting practice for over 4 years. There has on been one real outage for more than 5 minutes. Xero was open and transparent about the outage, what they were doing to resolve the issue, and provided 15 minute updates. Showing how they care about their customers and partners. Plus, showing that their customers care too, were understanding, and went surfing or in our case took a nap. Couldn't run our business without Xero as a partner.
Performance is top notch, if it is not, it is probably your wi-fi connection. It has happened that pages load slowly because of an error on Sage side but almost never. Overall reports load fine, the site is fast, navigation is fine. I have a client that has so many invoices, it is slow or gets stuck when you try to load a report for a whole year but it is just too many invoices, it makes sense. Just take 2 report for 6 months and combine them, its not an issue for me. I am happy with Sage Accounting's performance.
The product is pretty stable in performance. However, sometimes the links to bank feeds are not available which can be frustrating if you need to update the application for important transactions. I currently have to manually upload credit card transactions so that is not ideal and makes for manual errors or duplication.
The support is world class - never ever during 30 plus years in business I have received such helpful, knowledgeable and genuine support as I have from Sage. At Sage people matter and i can chat to someone safe in the knowledge that they will actually listen and assist. This also backed up by huge online portfolio of help and resources
Always respond and keep issues open until you are satisfied with the result. Generally good responses, in the past, I had some support responses that were really basic and really annoying. They type where "have your tried restarting your computer" style of answers. Well, of course, I went through all the basics before contacting them. Duh, but I suppose not everyone does. Otherwise, it would be a 10. The last year has shown a marked improvement in the support responses however.
Staff are always friendly, and patient, always work at a speed that suits you. You are never rushed, and In only a short time they seem to be able to help you make great strides. It has been a pleasure not a chore, learning how SAGE Accounting works and benefits me and the company.
I find the online training was very informative and they answered all my questions. I am also certified in Sage One and provided online training in the program which I have set up several people on and they love how it keeps them organized.
All of Xero's training is online and available for anyone (business owner or accountants) to learn and become experts in their system. There is a range of content from product training to real world webinars from their partners. Xero is beautiful accounting software and their training is the same.
The clients' business owner worked with Sage on implementation before I began working for them. After consultation with them it is clear the process was quickly performed and without complication. The key takeaway was that Sage is seen as a partner to the business. That said, it was always necessary to engage with an accountant such as myself to extract the best out of the software.
If it can be done, time the implementation near a new fiscal year so you can start clean. Otherwise, you have to go back and do historical data from the beginning of the fiscal year, which can be brain draining.
The first integration we had created for our product was with QuickBooks Online. There was a fair amount of work put in to create this solution, and a huge amount of testing to make sure it works properly. Once Sage Accounting had an API available for integration, we included this as well, as a fair number of our customers use Sage products. While there were challenges coming from the difference between product APIs, Sage Accounting was overall easier to implement, and more straightforward with actions and expected outcomes.
MYOB has always seemed well behind in the functionality. We recently discontinued our DEAR subscription due to astronomical increase in subscription fees. While Xero doesn't do as much in terms of inventory management we can manage without that function for the lower price.
You can use Sage in your company for various aspects/positions such as bookkeepers, invoicing clerks, accountant, purchasing etc. Everyone can have their own user login and permissions can be set that specific people can do specific jobs without being able to access other peoples progress or accounts of the company.
I have yet to fully stress test the product given the size of the company where I am using it. I am sure as we scale to more customers, more vendors and more reporting requirements, I will have a better understanding of what it is capable of in terms of bandwidth and processing
Xero is a basic accounting system that performs basic accounting tasks easily and accurately. For that, it provides a positive impact on our day to day accounting operations.
Because of Xero's basic structure, I feel it lacks some of the sophistication that some users want and need. The ability to create unique custom reports would enhance the impact Xero would have on meeting business objectives by providing current and useful accounting information.
In my opinion, Xero's lack of focus on their customers - their users - is a real issue with me. In my opinion, those of us that are in the trenches that work with the system on a daily basis have to deal with the shortcomings of the system with the knowledge that Xero support refuses to address the operational issues that make their user's lives difficult. I feel if Xero would focus on truly making their software better from a users point of view, it has the potential to be a great system.