I’ve been using Xero for a while now and while I think that Xero is very easy on the eye and things work fine, there’s one thing that bothers me about it. The $50 per month fee. It works out to $600 a year and, that’s not a once off. It’s every year, or rather, month.
Xero’s lowest plan is $25 per month, but even then, the restrictions on it are too great to allow my books to be done. For example, you only have a restricted number of bank reconciliation lines (I think 20) but if you’re a high turnover but low margin business, the $25 per month doesn’t really suit and you’re forced to go with the $50 per month.
Recently, I’ve started to test out Sage One (they’ve been advertising on trams in Melbourne everywhere!) https://www.sageone.com.au/. It’s ticking all my boxes:
By going with SageOne, I save $435 per year that I can use for other things like adwords (if you hate accounting, you could always swap to SageOne and then use that additional savings to outsource your data entry to a bookkeeper).
I feel like moving from Xero to SageOne is like changing from shopping at Coles to Aldi. You go from better looking and better featured layout to a layout that’s enough to do all that you need. At the end of the day, you still get your groceries.
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