Fiskl vs Xero (2026): which should you pick?

Pick Fiskl if

• Fits if you invoice in several currencies as a freelancer
• Works for small firms that want an AI assistant to categorise transactions

Look elsewhere if

• Tight if you want a free plan, because there isn't one after the 30 days
• Watch out: Solo allows 1 user and 2 bank connections, and more needs Pro or Prime
• Watch out: extra AI tokens cost USD 50 for 30M and expire after 6 months
• Watch out: extra team members are billed per user monthly
• Watch out: prices are in ringgit and local taxes may apply

Pick Xero if

• Fits if your accountant already works in Xero
• Works for businesses where several staff and advisers need to be in the books, as users are unlimited

Look elsewhere if

• Tight if you send more than 20 invoices or enter more than 5 bills, since that's where Early stops
• Watch out: the advertised prices are 80% off for 3 months only, then $27, $59 or $97 a month
• Pricey if you need US payroll, at $36 a month plus $6 a person on top
• Pricey if you bill in other currencies, which need Established at $97, or want auto-reconcile on Early, a $5 add-on
• Skip it if you want a free plan to start on, as there isn't one, and taking the free month costs you the discount

Fiskl

• The pricing page was read in Malaysian ringgit and no dollar price was readable, so the figures here are RM and may differ for US buyers.
• User and bank limits rise by plan: Solo is 1 user and 2 banks, Pro is 5 and 4, Prime is 10 and unlimited.
• Extra AI tokens cost USD 50 for 30M and expire after 6 months, and extra team members are billed per user monthly.
• The pricing page says local taxes may apply.

Xero

• The advertised prices are 80% off for the first 3 months; plans then renew at $27, $59 or $97 a month.
• Early stops at 20 invoices and 5 bills, and its graphs and cash flow forecast are the basic ones.
• US payroll costs $36 a month plus $6 per employee or contractor, and is not offered to Xero's US mobile-only subscribers.
• These are US prices; Xero sells in other countries, including New Zealand, Australia and the UK, on separate regional sites.

Fiskl

Multi-currency accounting

Supports 170+ currencies and 60+ invoice and payment languages, with automated FX gains and losses on Prime.

Bank connections

Connects to 21,000+ banks, with AI categorizing and matching of each transaction to invoices or bills.

Invoices, quotes and expenses

Sends invoices and quotes, tracks bills and expenses, and extracts details from receipts with AI.

Fi AI assistant

Fi answers questions about the ledger in many languages; higher plans add forecasting, scenario planning and anomaly detection.

Stripe reconciliation

Pro and Prime match Stripe payouts to the invoices and fees they contain.

Accountant access

Every plan allows accountant access, and a separate portal called Atlas shows an accounting firm all its client companies.

Xero

Bank reconciliation

Match bank transactions to invoices and bills. Auto-reconcile is part of Growing and Established, and a $5 a month add-on on Early.

Invoices, quotes and online payments

Send invoices and quotes with a payment service attached, and take card payments in person with Tap to Pay on iPhone and Android.

Bills and Smart Document Capture

Bills and receipts are pulled into Xero from documents, and standard ACH bill payments in US dollars are included on every plan.

Cash flow forecasts and analytics

Forecasts run 30, 60 or 180 days ahead depending on the plan, and Syft analytics, dashboards and health scorecards are built in.

JAX assistant

Xero's AI assistant answers questions about the business's numbers and handles routine bookkeeping tasks.

Xero Payroll, powered by Gusto

Full-service payroll that calculates, files and pays federal and state taxes across all 50 states, without leaving Xero.

Fiskl

• SoloRM 83

  per month after a 30-day free trial

  For freelancers and solo businesses: 1 user, 2 bank connections, 2 brands and accountant access.

• ProRM 150

  per month after a 30-day free trial

  5 users, 4 banks and 4 brands, plus cash flow forecasting, Stripe reconciliation and payment reminders.

• PrimeRM 219

  per month after a 30-day free trial

  10 users, unlimited banks and brands, plus advanced FX handling and Fi-assisted period close.

Xero

• Early$27

  per month, billed monthly

  Advertised at $5.40 a month for the first 3 months. Quotes, 20 invoices, 5 bills, bank reconciliation, sales tax and a 30-day cash flow forecast.

• Growing$59

  per month, billed monthly

  Advertised at $11.80 a month for the first 3 months. No invoice or bill limits, auto-reconcile, dashboards, budgets and a 60-day forecast.

• Established$97

  per month, billed monthly

  Advertised at $19.40 a month for the first 3 months. Adds multiple currencies, project time and costs, expense claims and a 180-day forecast.

Fiskl

No public discounts listed.

Xero

• Other savings

  80% off the first 3 months

  New US customers buying their first organization pay 20% of the base plan price for 3 months, then the regular monthly price. Add-ons are not discounted.

• Other savings

  Two months of Xero Payroll free

  Xero's payroll page offers two months free to try Xero Payroll, which then costs $36 a month plus $6 per employee or contractor.