Fiskl vs. Xero

Powerful global accounting without the premium price tag

Four reasons small businesses are switching

1

Empower business owners, not just accountants

Fiskl’s intuitive design boosts financial engagement by 50%. Say goodbye to Xero’s steep learning curve and complex interfaces.

2

AI that works smarter, not harder

Reduce manual data entry by 80% with Fiskl’s adaptive AI. Experience intelligent automation that Xero’s rigid systems can’t match.

3

Master global currencies without breaking the bank

Utilize advanced multi-currency features on all Fiskl plans. No more upgrading to Xero’s premium tiers for essential global tools.

4

Your complete office, in your pocket

Access all Fiskl features on mobile, not just basic functions like Xero. Manage global finances on-the-go with uncompromised functionality.

1

Empower business owners, not just accountants

Intuitive interface

Xero
Complex interface often requiring accounting expertise.
Intuitive design for non-accountants, with depth for professionals.

Increased owner participation

Xero
Owners often dependent on accountants for basic entries/updates.
50% more financial task completion by business owners.

Real-time financials & cash flow

Xero
Accounts often in arrears and pending accountant updates.

Instant updates and approvals between owners and accountants.

2

AI-Driven efficiency, built for global business

Best in class multi-currency

Xero

Limited multi-currency support, often restricted to higher-priced plans.

Effortlessly manage 170+ currencies with AI-driven accuracy for real-time conversion and adjustments.

Intelligent reconciliation

Xero

Often relies on manual reconciliation, increasing the risk of errors.

Reduces manual matching by 80% with AI-powered reconciliation tailored to international transactions.

Predictive cash flow

Xero

Forecasting options typically require additional apps or integrations.

AI forecasting adapts to market fluctuations, providing proactive cash flow insights.

Adaptive learning

Xero

Limited AI functionality, often requiring additional manual adjustments.

AI continually evolves with your business, enhancing accuracy and efficiency over time.

“I got fed up with Xero’s high costs and complicated setup. Fiskl has been a huge relief—I can finally manage my finances without jumping through hoops. It’s simple, clear, and fits perfectly with the way I work. My team and I couldn’t be happier.”

Jamie R.
Owner, Reefside Construction Ltd.

“Switching from Xero to Fiskl was like a weight off my shoulders. I was tired of needing an accountant just to make sense of things. Fiskl keeps it simple, and I love being able to send invoices from anywhere without worrying about extra fees. I’m never going back.”

Anya M.
Founder, Global Marketing Concepts

“My clients were constantly frustrated with Xero, so I moved them to Fiskl. Now, tasks that took hours with Xero are done in minutes, thanks to Fiskl’s automation. My clients love the switch, and it’s freed up my time to focus on helping them grow.”

Stefan T.
Senior Accountant, Brenning & Co.

3

Advanced multi-currency on all plans

Multi-currency on all plans

Xero

Advanced multi-currency only on highest-priced plans.

170+ currencies available on every plan.

Flexible currency management

Xero

Limited to single currency per invoice.

Create invoices with multiple currencies in a single document.

Comprehensive FX handling

Xero

Limited FX features with less flexibility, e.g. single currency per invoice.

Automated FX gains/losses calculations with optional manual control.

Cross-currency transactions

Xero

Cross-currency matching only if payment or invoice is in home currency.

Match payments and invoices across different currencies effortlessly.

Multi-currency Reporting

Xero
Limited to base currency and transaction currency only.

View reports in base currency, account currency, and original transaction currency.

Join 6000+ accounting firms

4

True mobile accounting, unlike Xero's limited app

Full functionality vs. limited features
Xero

Basic functions only, full access requires desktop.

Every feature available on mobile.

Real-time financial management
Xero

Many tasks restricted to desktop use.

Create invoices, approve expenses anywhere.

Comprehensive reporting on-the-go
Xero

Limited reporting capabilities on their app.

Access all reports and insights on mobile

Seamless business management
Xero

Mobile app is supplementary, not primary.

Run your entire business from your phone.

Ready to switch from Xero to Fiskl?

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Scale smarter: Fiskl's automation clears your path to growth

Reasons to choose Fiskl?

Fiskl offers substantial cost savings, with plans up to 4x cheaper than Xero’s equivalent pricing. Fiskl provides comprehensive functionality, including multi-currency support on all plans – a feature Xero reserves for higher-tier subscriptions only.

 

Fiskl delivers global features at a quarter of Xero's cost!

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