The Xero alternative that books and explains every transaction
On Xero’s Early plan you can send 20 invoices and enter 5 bills, and auto-reconcile is a $5.00 a month add-on. fiscal50 recommends how to book every bank transaction, tells you why, and reconciles your accounts on its Business plan.
Prices checked 11 November 2026 on Xero’s pricing page.
Updated
At a glance
Xero vs fiscal50 at a glance
US list prices, without introductory offers. Where we haven’t checked a fact, the cell links to Xero’s own pricing page.
| Xero | fiscal50 | |
|---|---|---|
| Starting price | Early $27, Growing $59, Established $97 a month | Starter $5.50, Business $19.50, Business Pro $30.50 a month; Starter’s first month free |
| What the entry plan limits | Early: quotes and 20 invoices, and 5 bills | Starter: 1 user, 1 bank or card feed |
| Bank feeds on the entry plan | See Xero pricing | Yes, through Plaid: Starter 1, Business up to 5, Business Pro up to 10 More |
| Auto-reconciliation | Optional $5.00 a month add-on on Early; included on Growing and Established | Business and Business Pro More |
| Users and accountant access | No per-user license fees | Starter 1 user, Business up to 3 users, Business Pro up to 10 users; every plan includes a bookkeeper login |
| AI that explains each entry | See Xero pricing | Every plan: each recommendation shows its reason, confidence and evidence More |
| Workspace for bookkeepers | See Xero pricing | The Bookkeeper Workspace, free to start, runs every client from one login More |
| 1099 tracking | See Xero pricing | Business and Business Pro: tracking, Copy B and e-file CSV exports More |
| QuickBooks and file import | See Xero pricing | Configuration Agent imports a QuickBooks Online or Desktop chart of accounts and trial balance; Excel or CSV transaction import on every plan More |
Why people switch
Why people switch from Xero
Invoice and bill limits on Early
Xero’s Early plan covers quotes and 20 invoices, and 5 bills. A business that sends more moves up to Growing at $59 a month.
Auto-reconcile costs extra on Early
On Early, auto-reconcile is an optional $5.00 a month add-on; it is included from Growing. In fiscal50 it comes with Business.
Prices went up
Xero’s US plans are $27, $59 and $97 a month, up from $25, $55 and $90 before 1 October 2026.
What you get
What you get in fiscal50
Complete double-entry books with AI that recommends every entry and explains why. Which plan includes what is on the pricing page.
Banks to Books
Every bank and card transaction arrives with a recommended entry, a reason, a confidence percentage and the evidence. You post it or change it first.
Banks to BooksAuto-reconciliation
Each period’s ending balance is predicted from your books and checked against the bank before the account is reconciled.
Bank reconciliationInvoices and online payments
Invoices from templates with sales tax, recurring schedules and a Pay Invoice Now button; card and US bank payments through Stripe on Business and up.
InvoicingBills, receipts and 1099s
Record and pay vendor bills, upload or e-mail receipts, and track vendors for 1099-NEC.
Bills and expensesReports and month-end close
Balance sheet, income statement, cash flow and trial balance on cash or accrual, then a checked close that locks the month.
Financial reportsFifty, your AI accountant
Instant Answers on every screen from the fiscal50 guides, with AI Assist questions included in every plan.
Meet FiftyMoving over
How to move from Xero
fiscal50’s Configuration Agent reads QuickBooks exports only, so coming from Xero you set up your opening balances and lists yourself. It takes five steps.
Export from Xero
Export your chart of accounts, a trial balance or balance sheet as of the day before your fiscal50 start date, and your customer, vendor and product lists from Xero.
Create your fiscal50 company
Pick your fiscal year and the date your fiscal50 books start, up to two years back, and choose fiscal50’s pre-configured chart of accounts or your own.
Enter opening balances
On the Opening Entries page, enter opening bank balances, customers, vendors, assets, inventory and partner capital as of the day before your start date.
Import your lists
Import customers, vendors and products or items with fiscal50’s own import template, one file per list.
Connect your banks
Link bank and card accounts through Plaid. Upload earlier bank transactions from Excel or CSV files.
FAQ
Switching from Xero
Can I import my Xero data into fiscal50?
Not directly. The Configuration Agent reads QuickBooks Online and Desktop exports only. Coming from Xero, you start with fiscal50’s chart of accounts or your own, enter opening balances on the Opening Entries page, import customers, vendors and items with fiscal50’s import template, and connect your banks.
Is fiscal50 cheaper than Xero?
On list prices, yes: fiscal50 Starter is $5.50, Business $19.50 and Business Pro $30.50 a month, and Xero’s US plans are $27, $59 and $97 a month (checked 11 November 2026). The plans don’t include the same things, so compare the features you need on both pricing pages.
Does fiscal50 include auto-reconciliation?
Yes, on Business and Business Pro. fiscal50 predicts each period’s ending balance from your books, checks it against the bank and reconciles the account, stopping where a period needs you.
Can my bookkeeper use fiscal50 after I switch from Xero?
Yes. Every plan includes a bookkeeper login, and bookkeepers can manage all their clients from the free-to-start Bookkeeper Workspace.
Sources. Prices checked 11 November 2026 on Xero’s pricing page. Xero plans and prices change; check them before you decide.
Xero is a trademark of its owner. fiscal50 is not affiliated with Xero.
Related
Keep comparing
Pricing
Starter $5.50, Business $19.50, Business Pro $30.50 a month; first month of Starter free.
Read moreSwitching from QuickBooks
Why owners and bookkeepers move to fiscal50, and how the move works.
Read moreBanks to Books
AI recommends how to book every bank and card transaction and shows why.
Read moreFor small business
Clean books without the busywork: AI bookkeeping, invoices paid online, receipts by e-mail and reports any time.
Read moreTry fiscal50 alongside Xero.
Starter’s first month is free, with no credit card. Connect a bank and see the AI book your transactions.