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Xero vs Hnry

Looking for an alternative to Xero? See how Hnry is better for sole traders than Xero’s enterprise accounting software

What you get with Hnry

  • Unlimited invoices and expense claims.
  • All your taxes calculated and paid as you go.
  • Hnry becomes your accountant, filing your returns and representing you to the IRD and ACC.
  • Clients can pay by credit card at no extra cost to you.
  • Automatic transaction reconciliation.
You get all of this for just 1% + GST of your self-employed income (capped at $1,500/year).

What you get with Xero

With Xero’s sole trader plan, you can:
  • Send up to 20 invoices per month.
  • Reconcile your own transactions.
You still need…
  • An accountant (averaging $2,000/year).
  • A system to manage expense claims.
  • A payment system like Stripe (2.9% + $0.30 on top of your invoices).
  • Time for financial admin – reconciling transactions, managing tax payments and filings (averaging 5 hours/week or $5,000/year for an assistant).
All of this combined could cost you over $9,000/year.

Deciding between Xero or Hnry?

Hnry has been designed to give sole traders everything they needed. We’re not fancy, overcomplicated software that’s designed to make it easier on your accountant, and we’re not a simple admin management system. None of the fluff, we just get it all done for you — simple.

With Hnry you get all your taxes paid and filed (Income Tax, GST and ACC), all your business and home office expenses managed by expert accountants, as well as getting great software for invoicing, quoting, and personal financial management.

What You Need Hnry Xero (Sole Trader Plan)
Taxes calculated and paid automatically Yes No
Tax returns (including GST) filed by accountants Yes No
Manage clients Yes Yes
Raise expenses Yes No
Expenses managed by accountants Yes No
Send quotes and invoices Unlimited Limited
Transaction reconciliation Hnry does it for you You do it yourself
Accept credit card payment Included automatically 3rd party integration required (e.g. Stripe)
Unlimited support from accountants Yes No
Employee payroll No No
Track your inventory No Yes
Price increases (since 2017) 0 10+

Switch from Xero to Hnry today!

Switching from Xero to Hnry is simple. There’s no need to wait for the end of a tax year - we make it simple and seamless to make the switch to Hnry. Whether you’re doing it all yourself, or you’re using a mix of software, spreadsheets and an accountant - we’ll have you up and running with Hnry in minutes.

Stop taking it all on yourself with Xero, and have Hnry do it all for you - so you can have peace of mind that your tax payments are always up-to-date.

Our awards

Finnies - Fintech People's Choice Award 2023 Finder - Digital Disruptor Award 2023 Finder - Best B2B Innovation 2023 Deloitte Fast 50 - Fastest Growing Companies 2023 Deloitte Fast 50 - Fastest Technology Business (Lower North Island) 2023