Rillet vs. QBO / Xero
Both QBO and Xero are great options for small businesses, offering basic accounting platforms at a reasonable cost. As companies scale, they quickly outgrow QBO and Xero’s functionalities.
Key reasons to shift
Full fledged AR module
QBO and Xero provide only basic accounts receivable features, missing automated processes for invoicing, dunning, and revenue recognition, all of which are native in Rillet. Furthermore, while QBO and Xero do not offer extensive reporting capabilities, Rillet delivers a complete range of pre-built reports, encompassing essential SaaS metrics, enabling businesses to obtain necessary insights with minimal effort.
Multi-entity consolidation and multi-currency support
As companies scale, the need for multi-entity accounting usually becomes essential, which is not a feature in QBO or Xero. Rillet delivers comprehensive multi-entity consolidation along with multi-currency support. It also features automated intercompany eliminations and facilitates reporting at both subsidiary and consolidated levels.
Reduced time to close
Rillet provides automation across various processes, including invoicing, revenue recognition, bank reconciliation, prepaid expenses, and fixed assets, among others. Additionally, it enables real-time reporting, granting teams immediate access to insights. These capabilities greatly minimize the time required for month-end closing, and which are simply not available in QBO and Xero.
A simple comparison
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