Global market leaders for cloud-based accounting solutions include Xero and Sage Intacct. Xero is primarily used by smaller companies, freelancers, and bookkeepers, while Sage Intacct is quite common among SMEs, mid-market companies, and larger corporations.
Options are available from Xero and Sage Intacct to automate business financial management. Regarding their capabilities and features, there are, nonetheless, significant differences.
What is Sage Intacct?
Global accounting system leader Sage offers fantastic enterprise resource planning (ERP) solutions. The Intacct Corporation originally created the software, which Sage later purchased in 2017. It is now known as Sage Intacct, has undergone further development, and is sold via a SaaS subscription model. It currently has 65 million users worldwide.
Sage Intacct is one of the first native cloud-based financial management applications. Small to medium-sized enterprises and larger firms frequently use it since it offers automated solutions for Accounting, Payments, and Payroll.
Sage Intacct is offered in two editions: Sage Intacct Starter Edition for start-ups and smaller enterprises, as well as Sage Intacct for bigger, enterprise-sized firms. Because of its modular design, Sage Intacct may grow with your company by adding new modules as you do.
Xero Accounting Software
A relatively new cloud-based accounting programme, Xero was established in New Zealand in 2006. It is aimed towards small enterprises, bookkeepers, accountants, sole proprietors, and independent contractors.
The products from Xero are subscription-based SaaS offerings. Worldwide, they have 3.5 million customers, the majority of whom are in the UK, Australia, and New Zealand.
The Starter, Standard, and Premium packages are the three Xero versions that are currently offered. New firms that want a comprehensive solution to automate their accounting and bookkeeping are particularly fond of Xero.
So What Are The 3 Reasons Why Saget Intacct Is better Than Xero for Medium Sized Businesses?
Sage Intacct is considered better than Xero for several reasons, particularly for medium-sized and fast-growing businesses.
1. Advanced automation and accounting features: Sage Intacct offers more advanced automation and accounting features compared to Xero, which is primarily designed for small businesses and sole traders. Sage Intacct provides a more comprehensive and scalable solution that can handle the complexities of growing businesses, including multi-entity management, global consolidations, and inventory management.
2. Customisable reporting and flexibility: Sage Intacct allows users to design flexible and custom reports, retrieve data based on different dimensions, and manage users across sub-locations. This level of customisation and flexibility is particularly beneficial for businesses that require in-depth financial analysis and reporting. On the other hand, Xero’s features may be more challenging for novice users to grasp and may not provide the same level of customisation.
3. Better multi-entity management: Sage Intacct is designed to manage multiple entities, making it suitable for businesses with various subsidiaries or locations. It offers consolidated multi-entity reporting, which is essential for businesses that need to track financial performance across different entities. In contrast, Xero is not equipped for consolidation and cross-entity transactions, making it less suitable for businesses with multiple entities.
So how does Sage Intacct compare to Xero in terms of ease of use?
When comparing Sage Intacct and Xero in terms of ease of use, specifically focusing on user interface and customization options, both platforms have their strengths and weaknesses.
User Interface:
Sage Intacct has a user interface that is designed to be efficient and easy to navigate, with features such as menus, favouriting or bookmarking, system personalization, and entity versus top-level navigation. In 2019, Sage Intacct introduced the Action UI, which aimed to improve efficiency, personalisation, and innovation. On the other hand, Xero is known for its user-friendly and simple interface, which has been continuously updated to make it more intuitive, and simpler to use. Xero’s interface is designed to be easy to learn for new users and provides a global search function to help users quickly find what they need.
Customisation Options:
Sage Intacct offers a range of customisation services that allow users to add custom fields, rules, and events to standard objects. Users can create customisation packages, which are XML documents that can be imported into different companies, making it easier to manage customisations across multiple entities. Sage Intacct also allows users to design flexible and custom reports, retrieve data based on different dimensions, and manage users across sub-locations.
Xero, on the other hand, provides customisation options for invoice templates, allowing users to modify the layout, page margins, page size, address padding, and column headings. Users can also create custom invoice and quote templates by adding, moving, or removing fields. However, Xero’s customisation options may not be as extensive as those offered by Sage Intacct, and some users may find it more challenging to grasp.
Both Sage Intacct and Xero offer user-friendly interfaces and customisation options, but Sage Intacct may provide more advanced customisation features, particularly for medium-sized and fast-growing businesses. Xero’s interface is designed to be simple and easy to learn for new users, making it a popular choice for small businesses and sole traders.
In all, Sage Intacct is a better choice for medium-sized and fast-growing businesses that require advanced automation, accounting features, customisable reporting, and multi-entity management. While Xero is a popular choice for small businesses and sole traders, its limitations make it less suitable for larger or more complex organisations.
This article was written by Itas, who are experts in accounting for UK firms and Sage Intacct
About us
This article was written by Itas Solutions. We’re a UK–based accounting firm specialising in Sage Intacct. If you would like to know more about Intacct and how it can help you and your CFO, we would be more than happy to demonstrate the advantages of using powerful cloud accounting software like Intacct.
Itas Solutions started off serving one client in 1995 and now services over 200 businesses across the UK. We are always available to assist our clients.
Itas is a business that our customers have trusted for more than 20 years, and we have expanded thanks to recommendations from them and IT professionals who value our educated but personalised service.
To discover more about how Itas can help your business with finance automation, Sage implementation, and increased purchasing management, contact us at [email protected], phone us at +44 (0) 1824 780 000, or send an email.