What are the Differences between Xero and Sage Intacct?
There are many differences between Sage Intacct vs Xero as they are designed to appeal towards different sized businesses and industry sectors. Xero is aimed at smaller businesses and the self-employed, whilst Sage Intacct is used by larger SMB’s, medium sized businesses and larger companies.
Both Sage Intacct and Xero offer Cloud-based accounting software solutions, yet they provide different levels of functionality and features. Xero offers accounting features for smaller businesses, whilst Sage Intacct can manage more complex accounting processes and requirements.
Sage Intacct is a modular Cloud-based system, so you can add further advanced functionality and features to the Sage Intacct Core Financials module by adding additional modules, such as Fixed Assets, Subscription Billing, Advanced Project Accounting and integration with CRM systems such as Salesforce.
What is Xero Accounting Software?
Xero is a leading Cloud-based accounting solution for small businesses and the self-employed. It was founded in New Zealand in 2006 and has over 3 Million subscribers. Xero's products are based on the software as a service (SaaS) model and sold by subscription.
The headquarters for Xero is based in Wellington, New Zealand and they are listed on the Australian Securities exchange.
What is Sage Intacct?
Intacct wasacquired by the Sage Group PLC in 2017 for $850 million and the product was rebranded as Sage Intacct. The software was one of the first Cloud-based accounting solutions when it was launched by the Intacct Corporation in 1999, Sage Intacct is sold on a SaaS subscription model.
The product is widely used across the globe with its key markets being the USA, Canada, UK, Australia and South Africa, but it has rapidly expanded its user base recently into other countries and territories. Further information, What is Sage Intacct?
The Sage Group PLC has over 6 Million customers and it is the 3rd largest ERP and accounting software provider in the World, Sage have around 12,000 employees worldwide
Sage Intacct Cloud Financial Management and Accounting
What are the Differences in Features and Modules for Xero and Sage Intacct?
There is a wide range of differences in features, functionality and modules between Xero and Sage Intacct. Like most Cloud-based accounting solutions they all cover the basics of accounting software, such as:
- General ledger
- Accounts payable
- Accounts receivable
- Sales orders
- Purchase orders
- Inventory management
- Cash Book and bank reconciliation
- Online VAT submissions and MTD
However, the differences become a lot more apparent when you need to manage or automate more complex accounting requirements.
Xero Accounting Features
The Xero Accounting software is primarily targeted towards smaller companies and the self-employed. There are 3 different versions of Xero available in the UK, Starter, Standard and Premium. The most advanced version of Xero (Premium) has the following features:
- Send invoices and quotes
- Enter bills
- Reconcile bank transactions
- Submit VAT returns to HMRC
- Capture bills and receipts with Hubdoc
- Automatic CIS calculations and reports
- Bulk reconcile transactions
- Use multiple currencies
- Short-term cash flow and business snapshot
Customer Case Study for Xero – Moss Valley Meats
There are a range of optional add-ons available for Xero, including:
- Claim expenses
- Submit CIS returns
- Xero pay with Wise
For further information on Xero.
Xero - Cloud Accounting Basics
Sage Intacct Features and Modules
Sage Intacct is an advanced Cloud-based accounting and financial management solution which has won many awards and accolades. The software is targeted towards SMB’s and medium sized businesses, and has a wide range of innovative features.
It was recently rated as #1 in Customer Satisfaction for accounting software by G2, it also received the highest score in Core Financials by Gartner.
Sage Intacct receives highest score in Core Financials for Lower Midsize Enterprises Use Case in 2021 Gartner Critical Capabilities for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises report.
Sage Intacct Core Financials is the main module for Intacct, the module is commonly referred to as just Sage Intacct Financials and is the central accounting software module where all other Sage Intacct modules feed financial accounting information into, enabling you to run financial reports to get valuable insights to increase profits and grow your business.
Features of Sage Intacct Core Financials:
- General Ledger
- Accounts Payable
- Accounts Receivable
- Cash Management
- Order Management
Popular Additional Modules for Sage Intacct
- Billing software
- Fixed Assets
- Project accounting
- Multi-entry and global consolidations
- Vendor payment services
- Inventory Management
- Advanced Reporting and Dashboards
- Salesforce CRM Integration
- Revenue recognition
- Spend Management
- Plus, much more…
For detailed information on the full range of features available in Sage Intacct.
Sage Intacct – Cloud Accounting & Finance Management Software Short Demo
Sage Intacct Customer Success Case Study – L W Cole
L W Cole specialises in supplying and installing appliances to the UK house building community across England and Wales.
The company has recently grown so rapidly, it was clear its financial management processes needed an overhaul to keep up. It chose Sage Intacct for its finance and business management system.
The business needed a cloud-based system that could communicate with its existing infrastructure and fit within budget.
Before Sage Intacct, the financial outlook had to wait until the end of the month. Now, financial insights and projections can be generated at any given moment.
““I genuinely think Sage Intacct is the best finance software I’ve ever used. The depth and power of the reporting make it a stand out system”
Mike Newton – Finance Director - L W Cole (Distributors) Limited
Sage Intacct Customer Success Case Study
What are the Key Strengths of Xero and Sage Intacct?
There are many common benefits of using a Cloud-based accounting solution such as Xero and Sage Intacct, these include:
- Spread the cost of the software by paying monthly (SaaS)
- 24/7 access to your accounts data
- Cloud software that is easy to access, easy to use and intuitive
- Sage Intacct and Xero are built exclusively for use in the Cloud
- Reduces IT overheads and IT resources
- No need for expensive servers or backup hardware
- Your accounts data is hosted securely online
- Software updates are applied automatically by the vendor
- Run your business remotely
Strengths of Xero Accounting
Xero’s key strength’s is that it offers easy to use basic accounting functionality at competitive prices for small companies and the self-employed. The software is intuitive and like most modern Cloud-based accounting systems you can access your accounts data 24/7 with the assurance that your data is safe and secure.
Whilst Xero is a good fit for smaller companies and gives you unlimited users, it was not designed to manage very complex accounting processes which requires a degree of customisation and configuration.
Sage Business Cloud Accounting is a similar product to Xero and is also targeted towards small businesses and the self-employed, further information.
Sage Intacct Key Strength’s
One of the many key strengths of Sage Intacct is its flexibility and the wide range of innovative and advanced features that it offers. The software also has a wide range of powerful additional modules you can add to the Sage Intacct Core Financials module.
Sage Intacct Customers Achieve on Average
- 250% return on investment (ROI)
- 6 months payback
- 65% increase in productivity
Other Key Strength’s Include:
- Sage Intacct Financials is the best in its class
- Scalable and highly configurable financial management software
- Modern Cloud based flexible architecture
- Superior Integration with external business applications and other Sage products
- Achieved the highest product score in the marketplace
- Designed By financial experts for accounting professionals
- The software achieved the highest customer score in the marketplace
- Powerful financial reporting and dashboards
Financial Visibility in Real Time with Sage Intacct
Which Product is Right for my Business, Sage Intacct or Xero Accounting?
Both Sage Intacct and Xero is used in a wide range of business sectors in the UK. They are however targeted towards different sized businesses, with Xero targeted towards small companies, and Sage Intacct targeting SMB’s, medium sized businesses and larger companies.
Typical Businesses that use Xero include:
- Small companies
- Self employed
- General businesses
- Small Retailers and Online
- Not for Profits
- Accounting and Bookkeepers
- Professional services
Is Sage Intacct Right for My Business?
Sage Intacct is an award-winning market leading Cloud-based Financial Management and Accounting solution for businesses looking for an advanced feature rich solution. Sage Intacct is not only a superior Cloud-based accounts solution but it is also a companywide ERP solution.
The software is used by virtually every business sector, business users come from a range of industries and business sizes, including:
- SMB’s, medium sized businesses and larger companies
- Fast growing companies
- General business
- Financial services
- Not for Profit
- Software as a service (SaaS)
- Professional Services
- Wholesale distribution
Contact AlphaLogix to Discuss Your Sage Intacct Requirements or to Book a Meeting or Consultation Call
Our certified Sage Intacct accounting experts will help you discover how Sage Intacct can be setup to improve your financial processes within your business. We will provide you with a free initial meeting and consultation call as well as fully justified costs and pricing for your requirements.
Our dedicated Sage Intacct consultants are committed to ensuring you get the most from your software investment and we offer the following services.
What Sage Intacct Professional Services Do We Provide?
- Sage Intacct Consulting
- Sage Intacct Implementation
- Intacct Data Migration
- Customisation of Sage Intacct
- Integration of Sage Intacctwith other business applications
- Design of Intacct Reports and Dashboards
- Installation of additional Intacct Modules and Sage Marketplaceapplications
- On-going Support
- Access to our Intacct technical Help Desk