Xero Alternative
The difference isn't cloud versus desktop, or UI quality — it's who does the work. Xero gives humans a well-designed interface to do accounting in. BeanStack gives AI the job and gives humans an interface to review what it did.
Suggested matches take you minutes to confirm, times hundreds of transactions per month
Hubdoc gets documents in, but someone still codes each one
Your close involves chasing unmatched items across accounts
You're scaling into multiple entities and don't want separate Xero subscriptions
You want every AI decision captured with source document and reasoning
Your accountant network isn't a binding constraint
| Capability | BeanStack | Xero |
|---|---|---|
| Data entry | AI reads and posts | Manual + Hubdoc + bank feeds |
| Document extraction | Multi-strategy + intent routing | Hubdoc for bills and receipts |
| Bank reconciliation | Autonomous matching | Suggested matches, human confirms |
| Financial close | Continuous + 5-step wizard | Standard monthly close |
| AI | Native across all workflows | Just Ask assistant, suggested matches |
| Audit trail | Source + reasoning + approver per decision | Transaction history |
| Multi-currency | Yes | Established plan |
| Integrations | ~25 first-party | ~1,000 apps |
| User pricing | Per-org | Unlimited users on every plan |
Xero’s bank feed imports cleanly.
BeanStack reconciles before you open the app.
Same ledger. Different workload.
Connect Xero and BeanStack imports your chart of accounts, contacts, invoices, bills, and transaction history in one step.
Connect Xero from Settings → Integrations via OAuth.
Import chart of accounts, contacts (customers and suppliers), invoices, bills, and bank transactions.
Review how records mapped into BeanStack's model.
Turn on AI extraction and classification; keep approval gates on for the first month.
Loosen auto-approval thresholds as you validate accuracy on your data.
Yes. BeanStack supports multi-currency and operates globally. Regional bank integrations and tax handling are managed via integrations — talk to us about your jurisdiction during evaluation.
In Xero, the feed imports transactions and you confirm matches. In BeanStack, matching runs autonomously and only unmatched or low-confidence items appear in your inbox.
Yes. Chart of accounts, contacts, invoices, bills, and transaction history import via the Xero connection. That history helps the AI calibrate to your business's patterns.
BeanStack's extraction is broader than Hubdoc — invoices, receipts, bank statements (BAI2, MT940, OFX), and contracts all flow through one intent-routed pipeline. Documents go in the same way; what happens after is different.
You review the exceptions. BeanStack handles the rest — and remembers how you decided.
Request early accessFree to start · Import from Xero in one step · Live in a week