Xero vs ANNA Business Tools: Which Is Better Accounting Software?

We compare them based on real user reviews, prices and what features they both offer.

Xero vs ANNA Business Tools Basics

	Xero	ANNA Business Tools
Software Website	Xero Website	ANNA Business Tools Website
HMRC MTD Status	Approved	Not Included
Who Can Use It?	Agents and businesses	Businesses and Accountants
HMRC Listed Features	Digital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates, Updates to HMRC for UK property	None
Platforms	Web-based application, Android, iOS	Web-based application, Android, iOS

Note data for this section comes from HMRC here and here

Wondering if Xero or ANNA Business Tools has better user reviews. We compared them below.

	Xero	ANNA Business Tools
Trustpilot Rating	4.3	4.5
Number of Trustpilot Reviews	6017	2566
iPhone App Rating	4.7	4.5
Number of iPhone Reviews	12700	791
Android App Rating	4.6	3.6
Number of Android Reviews	11900	1250

Please note ratings we’re accurate at the time of writing but may have since changed

Which is cheaper Xero or ANNA Business Tools? Here are their prices compared.

Data taken from each company’s website at the time of writing but may have since changed.

Data taken from each company’s website at the time of writing but may have since changed.

Fulfils your basic business admin for free
Bookkeeping tools that track your sales, profits and expenses
Submit your VAT Return from any Excel or Google Sheets spreadsheet for £3.50 + VAT
Share access with your accountant or sync with accounting software like Xero or Quickbooks
Create and send professional-looking invoices
Snap receipts and match them to transactions on the go

	Xero	ANNA Business Tools
Payroll Software Integration	Yes	Yes
Track VAT	Yes	Yes
VAT Filing	Yes	Yes
Real-Time Financial Reports	Yes	Yes
Prepare Self Assessment	Yes	Yes
Income Tax Estimates	Yes	Yes
Manage Income & Expenses	Yes	Yes
Create Invoices	Yes	Yes
Forecast Cash Flow	Yes	Yes
Accept and Make Payments In Different Currencies	Yes	Yes
Employee Time Tracking	Yes	No
Projects	Yes	No
Bank Feed Integration	Yes	Yes
End of Year Filings	Yes	Yes
Capture Bills And Receipts	Yes	Yes
Bulk Reconcile Transactions	Yes	Yes
Track Inventory & Stock Levels	Yes	No

	Xero	ANNA Business Tools
Pros	User Friendly User Interface Saves Time Integrations Cloud Based	Free plan available for sole traders & limited companies Has most of the key features youâ€™re likely to need Can be used even if you donâ€™t bank with ANNA
Cons	Expense Report Issues Not User Friendly Expensive Room for Improvement Technical Issues	Youâ€™ll need the paid version for Corporation Tax returns Doesnâ€™t offer any more advanced features or reporting Not suitable for large corporations