Friday, July 19, 2013

Has any anyone compared Xero Personal to Pocketbook?

Posted on 6:59 AM by Unknown
Over on Facebook at Practice Paradox we read: Has any anyone compared Xero Personal to Pocketbook?......


Practice Paradox shared a link.
June 29

Has any anyone compared Xero Personal to Pocketbook? What did you find? Ever since I first saw Mint.com years ago (U.S.-based) I've been waiting for it (or equivalent) to be available in Australia. Xero Personal https://www.xero.com/personal/ seems in its infancy (in terms of feature set) compared withhttps://getpocketbook.com/ yet, as a Xero user for business, I assume there are advantages to also using Xero Personal instead of another provider. Very interested to hear your thoughts (or, if you're new to knowing about Pocketbook) your first impressions of the two tools, side by side.

  • Stephanie Hinds As another option we have a lot of clients using the Xero business edition but just the Cashbook version ($10/Month). Gives you all the Xero business functionality but no invoicing. Can only get through the accountants channel though. It really depends on what you want when tracking personal expenses.
    June 30 at 1:43am · 1
  • Practice Paradox Great. Thanks for sharing that Steph. A good 3rd option. Pocketbook looks like it has very good email notifications (e.g. upcoming bills) and reporting. Yes, it does depend on what a person wants. Sometimes though, people might not know what they don't know in terms of what is available/possible. Hope you've had another stellar year at Growthwise. Happy EoFY!
    June 30 at 2:29am
  • Martin Longden Another option I use is 'Wave Accounting' which has a very similar structure to Mint, is completely simple to use without sacrificing the functionality of a comprehensive accounting platform, has an app for your iPhone to 'snap' receipts and automatically sync with the cloud, and is totally free! Either separate or best used within the Google Apps platform.
    June 30 at 3:08am · 1
  • Practice Paradox Hi Martin. Thanks for sharing re Wave Accounting. We use Google Apps, so that aspect could be handy. Great to be aware of these options so we can let people know about them. So this is the app you're referring to here, yes?https://www.waveapps.com/personal/

    Personal Finance Software | Wave
    www.waveapps.com
    Manage your personal finances and household budgets better, for free! Wave lets ...See More
    June 30 at 6:02am
  • David Rynne I'll second what Steph says. I have been using the Xero non-gst cash book for clients who have a decent amount of investment income, rental properties, hobby farming etc. Using it to capture all the investment and tax deductible expenditure and putting some transparency over the personal expenses (answering the question, where does my money go?) . In have set up a standard chart and report pack for clients which is the tailored. A couple of advantages over xero personal - depreciation schedule and a balance sheet that can be reported over time for movement in values of assets.
    June 30 at 6:29pm via mobile · Edited · 1
  • Practice Paradox Brilliant. Thanks for shedding further light on that David. Makes sense.
    June 30 at 7:18am
  • Practice Paradox David the lack of a balance sheet function in Xero Personal seems to be quite a feature gap compared to other tools in this same category such as https://www.mint.com/ andhttps://getpocketbook.com/ Xero Personal seems very "version 1.0" if you know what I mean. It will be interesting to see what the product road map for Xero Personal is. My interest -- in the context of the fact we teach accounting firms how to market and how to sell and to help their clients more -- is I think there's a great opportunity for a budgeting/personal finance accountability/wealth tracking service that firms can profitably provide, now that automated/efficient tools like these are available. Always like to know what the best of breed apps are in each category of interest, such as this one.
    Mint - Personal Finance, Budgeting, Money Management, Financial Management, Money Manager,...
    www.mint.com
    Manage your budget with easy to use personal finance tools and calculators. Trac...See More
    July 1 at 6:38pm
  • Martin Longden The only problem is that Mint is restricted to the US and Canada, and are building an interest list only for Australia at this stage. Might want to check that out first...
    July 1 at 7:29pm
  • Practice Paradox Thanks Martin. Yes aware that Mint is US/Canada only (as per my initial post of waiting for equivalent to come to AUS) and hence my interest in Pocketbook looking like there's finally a Mint equivalent in AUS (seeing as Xero Personal is pretty basic at the moment). I also like to be aware of tools available in US/UK etc. as we have clients in multiple countries. Thanks for heads-up just the same.
    July 1 at 7:47pm
  • Practice Paradox FYI, here's an article on Xero's release of an iPhone app for Xero Personalhttp://boxfreeit.com.au/2013/07/16/xero-releases-iphone-app-for-xero-personal/

    Xero Releases iPhone App for Xero Personal
    boxfreeit.com.au
    Xero has updated its cloud accounting program for individuals, Xero Personal, with the release of an iPhone app.
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1 comment:

  1. UnknownJanuary 27, 2017 at 4:29 AM

    For many days I have been looking for a software that had all the functionality I needed. One day with my friend playing football game online. I saw SlickPie ad and I decided to try it. After a 11 months, I can honestly say that it is the soul of my business. It's 100% free invoicing software. It saves me so much time and stress.

    ReplyDelete

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