Xero vs Holded (2024 Comparison)
Xero offers comprehensive accounting features and a wide range of integrations, making it a powerful tool for managing your business finances. Its strong financial reporting tools provide valuable insights.
- Comprehensive accounting features
- Wide range of integrations
- Strong financial reporting tools
- Steep learning curve
- Limited CRM capabilities
Free plan?
YesStarting price
$2.90 per month
Holded combines accounting, CRM, and project management into a single platform, offering a user-friendly interface and strong CRM features. It's an all-in-one solution for business management.
- All-in-one business management
- User-friendly interface
- Strong CRM and project management
- Fewer integrations
- Less robust financial reporting
Free plan?
YesStarting price
€14,50 per monthWhat is Xero?
Xero is a cloud-based accounting software designed to simplify financial management for small to medium-sized businesses. It offers features like invoicing, bank reconciliation, and financial reporting, making it easier for businesses to keep track of their finances. With Xero, you can access your financial data from anywhere, collaborate with your accountant in real-time, and automate repetitive tasks, saving you time and reducing errors.
What is Holded?
Holded is an all-in-one business management software that combines accounting, invoicing, project management, and CRM functionalities. It helps businesses streamline their operations by providing a centralized platform to manage various aspects of their business. Holded's intuitive interface and customizable features make it easy for users to adapt the software to their specific needs, improving efficiency and productivity.
Pros and Cons of Xero vs Holded
Pros & Cons of Xero
- Xero offers a wide range of accounting features, including invoicing, bank reconciliation, and financial reporting, making it a powerful tool for managing your business finances.
- Xero integrates with a variety of business tools, allowing you to connect your existing systems and streamline your operations.
- Xero provides detailed financial reporting tools that help you gain insights into your business's financial health and make informed decisions.
- Xero's extensive features may require some time to learn and get accustomed to, especially for users new to accounting software.
- Xero does not offer a dedicated CRM feature, which may be a drawback for businesses looking to manage customer relationships within the same platform.
Pros & Cons of Holded
- Holded combines accounting, invoicing, CRM, and project management into a single platform, making it a versatile tool for managing various aspects of your business.
- Holded's intuitive design and easy-to-navigate interface make it accessible for users of all skill levels, reducing the learning curve.
- Holded offers robust CRM and project management features, allowing you to manage customer relationships and track projects efficiently.
- Holded's selection of integrations is not as extensive as Xero's, which may limit its ability to connect with other business tools.
- Holded's financial reporting capabilities are not as comprehensive as Xero's, which may be a drawback for businesses that require detailed financial insights.
Xero vs Holded: At A Glance
Value to Price
Xero offers a comprehensive suite of accounting features at a competitive price, making it a great value for small to medium-sized businesses. Holded, while slightly less expensive, offers a broader range of business management tools, which can be beneficial for businesses looking for an all-in-one solution. If you need a dedicated accounting tool, Xero might be the better choice.
Ease of Use
Holded's user-friendly interface and intuitive design make it easy for users to navigate and manage their business operations. Xero, while also user-friendly, may require a bit more time to get accustomed to due to its extensive features. If ease of use is your top priority, Holded could be the better option.
Functionality
Xero excels in providing robust accounting functionalities, including invoicing, bank reconciliation, and financial reporting. Holded, on the other hand, offers a wider range of business management features, such as CRM and project management. If you need comprehensive accounting features, Xero is the better choice.
Scalability
Both Xero and Holded offer scalable solutions that can grow with your business. Xero's focus on accounting makes it ideal for businesses looking to expand their financial management capabilities. Holded's all-in-one approach is suitable for businesses looking to scale their overall operations. If scalability in accounting is crucial, Xero is the better option.
Integrations
Xero offers a wide range of integrations with other business tools, making it easy to connect with your existing systems. Holded also provides integrations, but its selection is not as extensive as Xero's. If you rely heavily on integrations, Xero is the better choice.
Customer Support
Holded provides responsive customer support, ensuring users can get help when needed. Xero also offers customer support, but some users have reported longer response times. If quick and reliable customer support is important to you, Holded might be the better option.
Security
Both Xero and Holded prioritize security, offering features like data encryption and secure access controls. Xero's long-standing reputation in the accounting industry gives it an edge in terms of trust and reliability. If security is a top concern, Xero is the better choice.
Overall Rating
Xero's strong focus on accounting features and integrations makes it a top choice for businesses looking for a dedicated accounting solution. Holded's all-in-one approach and ease of use make it a great option for businesses looking to streamline their operations. If accounting is your primary focus, Xero is the better choice.
Xero vs Holded: A Detailed Breakdown of Key Features
Invoicing
Xero offers a robust invoicing feature that allows you to create and send professional invoices quickly. You can also set up recurring invoices and receive notifications when they are paid. Holded also provides invoicing capabilities, but its strength lies in its ability to integrate invoicing with other business management features. If invoicing is your primary concern, Xero might be the better choice.
Bank Reconciliation
Xero excels in bank reconciliation, offering automatic bank feeds and easy matching of transactions. This feature saves time and reduces errors, making it a favorite among accountants. Holded also offers bank reconciliation, but it may require more manual input. If seamless bank reconciliation is important to you, Xero is the better option.
Financial Reporting
Xero provides comprehensive financial reporting tools that allow you to generate detailed reports and gain insights into your business's financial health. Holded offers financial reporting as well, but its focus is more on providing a holistic view of your business operations. If detailed financial reporting is crucial, Xero is the better choice.
CRM
Holded's CRM feature allows you to manage customer relationships and track interactions, making it a valuable tool for businesses looking to improve customer engagement. Xero does not offer a dedicated CRM feature, so if CRM is a priority, Holded is the better option.
Project Management
Holded offers project management tools that help you plan, track, and manage projects efficiently. Xero does not have a dedicated project management feature, so if project management is important to your business, Holded is the better choice.
Customizable Dashboards
Both Xero and Holded offer customizable dashboards that allow you to view key metrics and data at a glance. Holded's dashboards are more flexible and can be tailored to fit your specific needs. If customizable dashboards are important, Holded might be the better option.
Pricing Comparison of Xero and Holded
To assist you in making an informed choice, we’ve outlined the pricing plans and essential features of Xero and Holded. This comparison will highlight the best option for managing your business finances.
Xero Pricing Plans
- Enter up to 5 bills for efficient tracking.
- Reconcile bank transactions with ease.
- Capture bills and receipts using Hubdoc integration.
- Access short-term cash flow and business snapshot.
- Enter unlimited bills for comprehensive tracking.
- Bulk reconcile transactions for efficiency.
- Advanced reporting and analytics for insights.
- Enhanced security features for data protection.
- Advanced project tracking and management tools.
- Priority customer support for quick resolutions.
- Comprehensive expense management features.
- Customizable dashboards for personalized insights.
Holded Pricing Plans
- Synchronise your bank automatically for payment control.
- Advanced reporting on sales, purchases, and HR.
- Automatic creation of accounting entries and rules.
- Personalised client portal to highlight your brand.
- Centralise management of banks and gateways.
- View all invoicing and accounting reports comprehensively.
- Custom fields to personalise management.
- Highlight your brand on digital portals.
- Personalised user roles for better employee management.
- SEPA bank remittances for efficient collections.
- Full control over transactions and gateways.
- Custom fields for enhanced document management.
Our Rating Methodology
We thoroughly evaluate each business management software, focusing on key factors like functionality, ease of use, and integrations. By analyzing user reviews and conducting hands-on testing, we ensure our recommendations fit your needs. Each factor is weighted by importance to provide an accurate final rating, helping you make informed decisions.
Xero or Holded: Which One Matches Your Business Needs?
Choose Xero If You Need ...
- Comprehensive accounting solution
If you are a business owner looking for a comprehensive accounting solution with robust financial reporting and a wide range of integrations, Xero is the ideal choice. Its extensive features make it a powerful tool for managing your business finances.
- Strong financial reporting
If you need strong financial reporting capabilities to gain insights into your business's financial health, Xero is the better option. Its detailed reports and analytics provide valuable information for making informed decisions.
Choose Holded If You Need ...
- All-in-one business management
If you are looking for an all-in-one business management solution that combines accounting, CRM, and project management, Holded is the better choice. Its user-friendly interface and versatile features make it a great option for streamlining operations.
- User-friendly interface
If ease of use is your top priority, Holded's user-friendly interface and intuitive design make it the better option. Its accessible features and easy navigation reduce the learning curve for users of all skill levels.
Frequently Asked Questions
Which tool is better for accounting, Xero or Holded?
Does Holded offer CRM capabilities?
Which tool is more user-friendly, Xero or Holded?
Can Xero integrate with other business tools?
Is Holded suitable for project management?
Which tool offers better financial reporting, Xero or Holded?
Martin Lunendonk
Martin Lunendonk is a senior tech writer specializing in website builders, web hosting, and ecommerce platforms. With a background in finance, accounting, and philosophy, he has founded multiple tech startups and worked in medium to large tech companies and investment banking, bringing deep expertise and reliable insights to his software reviews.
