| Xero | Accountin | |
|---|---|---|
| Who pays | Each business, from £18 a month for Ignite to £70 a month for Ultimate, plus VAT | The practice, per user, with unlimited clients |
| Bank feeds | Direct bank feeds at no extra cost for most customers | Statement files imported as CSV, OFX, QFX or QIF |
| Apps | Integrates with more than 1,000 apps | Trial balance import from any package |
| VAT | Submits VAT returns to HMRC | Returns built from the books or bridged from a spreadsheet; submission switches on once HMRC recognises Accountin |
| Income tax | Xero describes it as ready for Making Tax Digital for Income Tax | Quarterly updates and the final declaration; submission switches on once HMRC recognises Accountin |
| Year-end accounts | Xero Tax, for partners at Silver and above, files returns and accounts with HMRC and Companies House; businesses can add micro-entity accounts and a CT600 for £120 a year plus VAT | FRS 105, FRS 102 Section 1A, sole trader, partnership, LLP and guarantee company accounts |
| Payroll | Paid per person on Ignite; Grow includes 1 person, Comprehensive up to 5 and Ultimate 10 | PAYE, NI, pensions, P11D and CIS; sending to HMRC not live yet |
Where Xero has more
Xero has direct bank feeds, an app marketplace of more than 1,000 apps and a free partner programme, and files VAT returns and accounts today.
Using both
A client can keep their books in Xero and the practice can prepare the year end in Accountin. Export the trial balance from Xero as CSV and import it. The mapping is kept, so next year only new accounts need a heading.
Accountin's filing status
Accountin is opening to its first practices. Year-end accounts, Companies House filing and the corporation tax return come first. Filing at Companies House switches on once Companies House issues Accountin's own filing credentials, and submission to HMRC switches on once HMRC has recognised Accountin. VAT and Making Tax Digital for Income Tax follow as HMRC approves each one.
Move your practice to Accountin
Register and we will plan the move with you, client by client.