Xero vs Employment Hero

Xero

Xero is a cloud-based accounting platform popular with small businesses and accountants worldwide. It is known for its clean interface, strong bank reconciliation tools, and excellent integration ecosystem. Xero is particularly popular in Australia, New Zealand, and the UK, and is considered the main alternative to QuickBooks for cloud-based accounting.

Paid pricing · Get Pricing →

Employment Hero

Employment Hero is an all-in-one HR, payroll, and benefits platform with a strong presence in Australia and New Zealand. It offers a free HR plan alongside paid payroll and benefits modules, making it accessible for businesses at any stage. Employment Hero also operates a job marketplace called Swag for employees.

Freemium pricing · Get Pricing →

Pros

• ✓Beautiful and intuitive interface — one of the cleanest in accounting software
• ✓Unlimited users on all plans — no per-seat pricing
• ✓Excellent bank reconciliation with smart matching
• ✓Strong ecosystem of 1000+ integrations

Cons

• ✗Payroll requires a separate add-on in most regions
• ✗Inventory management is basic compared to QuickBooks
• ✗Reporting is less comprehensive than QuickBooks on lower tiers
• ✗Customer support is primarily online with no phone support

Pros

• ✓Free HR plan available with core employee management features
• ✓Strong compliance tools for Australian and NZ employment law
• ✓All-in-one platform covering HR, payroll, and benefits
• ✓Employee benefits marketplace with discounts and perks

Cons

• ✗Payroll module costs extra and is best suited for AU/NZ companies
• ✗Limited support and compliance coverage outside Australia and New Zealand
• ✗Some users report the platform can feel complex to navigate

Best For

Small businesses and accountants wanting a clean, modern alternative to QuickBooks

Best For

Australian and NZ businesses needing full HR suite