Accounting Setup - is Xero the only option?

As a sole trader in New Zealand, finding the right accounting software is crucial for managing your finances efficiently. While Xero is a popular choice, there are several other alternatives worth considering. In this article, we'll explore the top Xero alternatives for sole traders in New Zealand, along with user reviews and information on popular invoicing apps.

QuickBooks Online:

QuickBooks Online is a powerful accounting software that offers a range of features to simplify financial management. With intuitive interfaces and excellent customer support, it's a favorite among sole traders. Pricing starts at NZD 20 per month, making it an affordable choice for businesses of all sizes.

User Reviews:

"QuickBooks Online is a powerful accounting software. It offers a wide range of features and integrates well with other apps. Definitely worth the investment." - Mark T.

"I switched to QuickBooks Online from Xero, and I'm extremely satisfied. The interface is intuitive, and the customer support is excellent." - Emily S.

MYOB Essentials:

MYOB Essentials is a user-friendly accounting solution that simplifies bookkeeping tasks for sole traders. It offers features such as invoicing, bank reconciliation, and reporting. With pricing starting at NZD 27 per month, it provides solid support at an affordable price point.

User Reviews:

"MYOB Essentials is a solid accounting solution for sole traders. It's user-friendly and has great invoicing and reporting capabilities." - David R.

"I've been using MYOB Essentials for my business, and it has simplified my bookkeeping tasks. The bank reconciliation feature is fantastic." - Lisa K.

FreshBooks:

FreshBooks is a cloud-based accounting software known for its invoicing and time tracking features. It offers an intuitive interface, a mobile app, and excellent customer support. With pricing starting at NZD 15 per month, FreshBooks is a cost-effective solution for sole traders.

User Reviews:

"FreshBooks is a fantastic option for sole traders. It's easy to set up, and the time tracking and expense management features are excellent." - Michael H.

"I love using FreshBooks for invoicing and keeping track of my finances. The mobile app is convenient, and the customer support is top-notch." - Jennifer L.

Popular Invoicing Apps:

In addition to the accounting software options above, here are two popular invoicing apps that can complement your accounting system:

Invoice Simple:

Invoice Simple is a straightforward invoicing app that allows you to create professional invoices on the go. With customizable templates and a user-friendly interface, it simplifies the invoicing process for sole traders. Pricing starts at NZD 4.99 per month for the mobile app.

User Reviews:

"Invoice Simple is a straightforward invoicing app. It's easy to use, and the customizable templates make it simple to create professional invoices on the go." - Sarah M.

"I've been using Invoice Simple for years, and it has made invoicing a breeze. It's a reliable and cost-effective solution for my small business." - John D.

Invoice2go:

Invoice2go is a comprehensive invoicing app that offers customization options and expense tracking features. It's particularly suitable for small businesses and provides an efficient way to manage client payments. Pricing starts at NZD 9.99 per month.

User Reviews:

"Invoice2go is a comprehensive invoicing app with great customization options. It's perfect for small businesses, and the ability to track expenses is a valuable feature." - Emily T.

"I've found Invoice2go to be user-friendly and efficient. It's helped me streamline my invoicing process and manage client payments more effectively

Getting the correct system right for you will help to lower not only software costs but also ongoing adminstration costs in invoicing, managing your business and reporting to Inland Revenue for GST and tax. Book an appointment with us to discuss your needs.