FloQast vs Xero Bank Reconciliation
FloQast
floqast.comXero Bank Reconciliation
xero.comSide by side
| Figure | FloQast | Xero Bank Reconciliation |
|---|---|---|
| Price from | $999/mo | $25/mo |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | — |
| Plans published | 2 | 6 |
| Spec score · Reconciliation Software | 8.8 (#2) | 7.5 (#8) |
| Integrations | FloQast lists integrations across ERP, banking, accounts payable, collaboration, communication, documentation, identity management, and payroll, including ADP, Box, Google Drive, Microsoft Teams, and Slack. | Xero's App Store lists over 1,000 third-party apps across categories including payroll, payments, inventory, ecommerce, CRM, and time tracking. |
| Intended users | FloQast describes its platform as built for accountants and presents use cases for accounting, finance, controller, audit, and compliance roles. | Xero describes its platform as serving small businesses, accountants, and bookkeepers. |
| Security | FloQast says it provides a SOC 3 report and performs annual penetration tests on high-risk products and infrastructure. | Xero states it is certified to ISO/IEC 27001:2022, produces SOC 2 reports, and encrypts data in transit and at rest. |
| Support | Customers can submit platform support requests through FloQast’s support portal, and account managers or customer success managers handle billing questions. | Xero provides free online customer support 24/7 through its support articles and case submission. |
Plans
Xero Bank Reconciliation
- Early$25 a month
- Growing$55 a month
- Established$90 a month
- Early$27 a month
- Growing$59 a month
- Established$97 a month
In their own words
FloQast
FloQast is accounting workflow software for teams handling close, reconciliation, accounting operations, and compliance. It brings close tasks together, tracks progress, and helps surface dependencies and bottlenecks across teams and entities. Its tools automate reconciliations, transaction matching, and journal entry workflows, with review and approval steps. Teams can review AI-generated transaction-matching rules; FloQast says its AI learns from user inputs. The platform includes audit trails, task dependencies, recurring templates, multi-entity close, and native ERP connectivity. FloQast lists integrations spanning ERP, banking, accounts payable, collaboration, communications, documentation, identity management, and payroll, including ADP, Box, Google Drive, Microsoft Teams, and Slack. The service is cloud-based and browser-accessible, with macOS and Windows support. FloQast says it provides a SOC 3 report, conducts annual penetration tests on high-risk products and infrastructure, and holds ISO/IEC 42001 certification for its accounting transformation platform. The company was founded in 2013 and is headquartered in Los Angeles. It is paid, has no free plan, and offers customized packages with pricing on request.
Xero Bank Reconciliation
Xero Bank Reconciliation has no write-up on Specifiction yet; its figures are above.