Xero alternative
Bridge Finance or Xero?
Bridge Finance is a Xero alternative for service businesses that want the books joined to the work. It is a double-entry ledger with invoices, bills, expense claims, bank feeds and reconciliation, budgets, consolidation, the year-end close and every financial report, with an audit trail. It invoices the hours tracked in Bridge Time, and it imports a company’s books from Xero at a cutover date, checked to the penny.
Bridge Finance and Xero, side by side
Xero is online accounting software for small businesses. This comparison describes it in general terms, from what it says about itself, as of . Check Xero’s own site for its current features and prices.
| Capability | Bridge Finance | Xero |
|---|---|---|
| Ledger | Double-entry ledger, chart of accounts, journals and fiscal periods | Double-entry accounting |
| Sales and purchases | Invoices, estimates, credit notes, bills and payment runs | Invoices and bills |
| Bank | Bank feeds, statement imports, rules and reconciliation | Bank feeds and reconciliation |
| Reports and close | P&L, balance sheet, cash flow, budgets, consolidation and year-end close | Financial reports |
| Billable hours | Invoices the hours tracked in Bridge Time, on the same client | Through integrations |
| Moving your books | Imports from Xero at a cutover date, checked to the penny, undoable for 30 days | Exports reports and data |
Choose Bridge Finance if
- You bill time and want hours, clients and the ledger on one record
- You run several companies, each with its own books in its own currency
- You want accounting, CRM, projects and time under one sign-in
Xero may suit you better if
- Your accountant works in Xero and you want to stay there
- You rely on Xero’s app marketplace or payroll in your country
Moving from Xero
Can I move my books from Xero?
Yes. Bridge Finance imports a company’s books from Xero as balances at a cutover date, with open invoices and bills, and the trial balance must agree to the penny before anything is written.
Can I keep Xero and still use BridgeME?
Yes. Where Bridge Finance does not keep the ledger, Bridge Time can send an issued invoice to Xero once the app is connected.
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