Gimbla

Website

gimbla.com

Pricing URL

Official Gimbla Pricing

$ Details

freemium

Platforms

Web Windows iOS Linux Safari Google Chrome

Categories

#Bookkeeping And Accounting #Accounting #Accounting & Finance #Small Business Accounting

Xero

Website

xero.com

Pricing URL

Official Xero Pricing

$ Details

paid Free Trial $9.0 / Monthly (Send 5 invoices and quotes / Enter 5 bills)

Platforms

-

Categories

#Accounting #Small Business #Bookkeeping #Finance #Accounts Receivables

Gimbla features and specs

• Invoicing & Quotes
  Invoicing is at the heart of any business. Without income, a business can not survive. You can customise the look of forms with easy-to-use templates. Send out a quote to your customers, once accepted you can convert it to an invoice.
• Payments & Receipts
  If your business operates on a cash basis and you don't need to know customer details, just create a receipt or payment and keep track of the income and expense only.
• Supplier Purchase Orders & Bills
  Where suppliers require a purchase order before they can send you the items, you can covert the purchase order to an invoice after you have received the goods.
• Journals
  Journal entries are a way to record all business transactions for your accounting system. There are many types of journal entry so you can create different entries to prepare reports for your business.
• Balance Sheet & Income Statement
  Easily create the most important financial statements for your company. A Balance Sheet is a 'Snapshot' of the business's assets, liabilities and equity at a single point in time. An Income Statement is a summary of the business's revenues and expenses over a period of time.
• Advanced Role-Based Access Control
  Grant limited access for different users of your accounting system. You can customise access based on your business requirements, including providing a combination of have read, write or delete only access.

Xero features and specs

• Cloud-based Access
  Xero is cloud-based, allowing users to access their accounting data from anywhere with an internet connection.
• User-friendly Interface
  Xero features a clean, intuitive interface, making it easier for users to navigate and manage their finances.
• Integration Options
  Xero integrates with a wide range of third-party applications, enhancing its functionality and flexibility for business needs.
• Real-time Updates
  Xero provides real-time updates on financial data, enabling more accurate and timely decision-making.
• Comprehensive Feature Set
  Includes a variety of tools for invoicing, bank reconciliation, inventory management, and more, making it a one-stop solution for many businesses.
• Customer Support
  Offers 24/7 customer support, ensuring that users can get help whenever they need it.

Possible disadvantages of Xero

• Cost
  While Xero offers a range of pricing plans, the cost can add up, especially for small businesses or freelancers on a tight budget.
• Complexity for Larger Businesses
  May not be as robust in handling the needs of very large businesses compared to some of its enterprise-level competitors.
• Learning Curve
  Despite its user-friendly interface, there can be a learning curve for users who are not familiar with accounting software.
• Limited Customization
  Some users may find the customization options for reports and invoices to be limited compared to other accounting software.
• Occasional Connectivity Issues
  As a cloud-based service, it can sometimes suffer from internet connectivity issues that can disrupt access to financial data.

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