GnuCash vs Xero Bills

GnuCash is free personal and small-business accounting software for tracking bank accounts, stocks, income, and expenses. Its double-entry accounting requires every transaction’s debits and credits to balance. Small-business tools cover customers, vendors, jobs, invoicing, bill payment, tax and billing terms, and budgeting. Users can create customizable balance sheets, profit and loss, and portfolio valuation reports, as well as charts. GnuCash imports QIF and OFX files with transaction matching; German users can use HBCI to download statements and initiate transfers and direct debits. Data is stored in XML by default. Support for SQLite3, MySQL, and PostgreSQL databases is experimental, and some reported corner cases can cause data loss. The GNU GPL-licensed software has installation options for Linux and installers for macOS and Windows. The main application is unavailable for iOS and iPadOS, while the separate Android app appears abandoned according to the project FAQ. The project is maintained, documented, and translated by volunteers.

Xero Bills is a paid accounting product with mobile apps for Android and iOS. Listed functions include bank feeds, automated reconciliation, invoice creation, receipt capture, inventory tracking and accountant access. The Early plan costs $25 a month and includes 20 invoices and 5 bills. Growing costs $55 a month and includes a 60-day cash-flow forecast. Established costs $90 a month and includes a 180-day cash-flow forecast. Each subscription auto-renews monthly. There is no free plan. The product is associated with Xero Bills, headquartered in Melbourne, Australia, and the maker was founded in 2006. These plan details state the included invoice and bill allowance on Early and the forecast periods on the two higher plans. Mobile availability is listed for both iOS and Android.