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Xero vs IconCMO Fund Accounting: Which is a better fit?

Updated on December 2nd, 2024
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Summary
Features in Fund Accounting
11
45
  • Activity Dashboard
  • API
  • Compliance Management
28
Best performer
45
  • Accounts Payable
  • Accounts Receivable
  • Activity Tracking
User satisfaction
4.4
User reviews3,075
Ease of use
4.3
Functionality
4.3
Value for money
4.2
Customer support
4.0
4.6
User reviews83
Ease of use
4.3
Functionality
4.2
Value for money
4.6
Customer support
4.8
Price starts from
Monthly subscription
Free version
Free trial
Monthly subscription
Free version
Free trial
Best for

Accounting for Small Business

Icon Systems offers multiple church management software packages that will meet the needs of any religious organization - from church plants to denominational offices.

User reviews
pros & cons
1 / 4
View Reviews
1 / 4
View Reviews
Video reviews
video-02a459cb-ea7a-40f7-82fc-08dbcf6d3658
Nigel E
Managing Director
5.0

Nigel: My name is Nigel. I'm the Managing Director of my own company, D13 Solutions. We are a consultant company using Xero, which I'm rating five out of five. Xero was recommended to us by our accountants. They had options for products like Sage and some other products as well. They showed us two or three of those products, and we chose Xero from that list. We chose Xero because Xero was the most usable of the products. So the interface was very simple, but it also suited the way we work. So inability to do what we needed to do in the shortest possible time, in the easiest way. Xero gave us the best options out of all of the things we looked at. So we switched to Xero from our previous package. That was really straightforward. But for everything we use it for, which is invoicing, quotes, purchase orders, it's all really good. It's really straightforward and simple to use. We use it in multiple currencies as well, and it supports that very well indeed. But we've integrated things like the company credit cards, so everybody's credit card is integrated into the system, so it really works nice and simple. So things like my month end when I'm doing all my reconciliations, those take a matter of a couple of hours, not a couple of days. Xero has been a game changer for us. It's made my life more simple. It's kept my costs down. This means I haven't got to go and find someone external to my bookkeeping because it's all simple and easy to use within the app. I would recommend anybody to try Xero. It may not be for everyone, but it's certainly worth trying. And with a free trial available, why would you not?

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User interface
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4 screenshots
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Xero

11/45
  • Accounts Payable
  • Accounts Receivable
  • Activity Tracking
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Cash Management
  • Chart of Accounts
  • Check Printing
  • Collaboration Tools
  • CRM
  • Donation Tracking
  • Donor Management
  • Electronic Payments
  • Expense Tracking
  • Financial Analysis
  • Financial Reporting
  • Fixed Asset Management
  • Fund Management
  • General Ledger
  • Grant Management
  • Income & Balance Sheet
  • Inventory Tracking
  • Invoice Management
  • Mobile Access
  • Partnership Accounting
  • Payroll Management
  • Purchasing & Receiving
  • Receipt Management
  • Recurring Giving
  • Revenue Recognition
  • Tax Management
  • Workflow Management
  • Activity Dashboard
  • API
  • Compliance Management
  • Customizable Reports
  • Customizable Templates
  • Financial Management
  • Multi-Currency
  • Real-Time Data
  • Real-Time Reporting
  • Reporting & Statistics
  • Third-Party Integrations
See All features
Hide Fund Accounting Software Features -

IconCMO Fund Accounting

Top Features
28/45
Show Fund Accounting Software Features +
Xero
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
IconCMO Fund Accounting
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
Xero
  • By Xero
  • Located in New Zealand
  • Founded in 2006
IconCMO Fund Accounting
  • By Icon Systems
  • Located in United States
  • Founded in 1992
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