---
description: Compare Xero vs Octopus regarding their features, reviews, pricing, specifications, screenshots & more.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png
title: Xero vs Octopus Comparison
---

Breadcrumb: [Home](/) > [Inventory Management Software](/directory/4490/inventory-management/software) > [Xero \<span\>vs\</span\> Octopus](https://www.softwareadvice.co.nz/compare/2976/350809/xero/vs/octopus)

# Compare Xero vs Octopus

Canonical: https://www.softwareadvice.co.nz/compare/2976/350809/xero/vs/octopus

> Detailed comparison between Xero and Octopus. Check ratings, reviews, pricing, and features to make the best decision for your business.

-----

## At a Glance

| Metric | Xero | Octopus |
| **Overall rating** | 4.4/5 | 4.0/5 |
| **Total Reviews** | 3292 | 1 |
| **Starting Price** | $3.50 | US$2,900.00 |
| **Free Trial** | Yes | Yes |
| **Free Version** | No | No |
| **Deployment** | Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile), iPad (Mobile) | Cloud, SaaS, Web-based |
| **Support** | Email/Help Desk, FAQs/Forum, Knowledge Base, 24/7 (Live rep), Chat | Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat |
| **Training** | In Person, Live Online, Webinars, Documentation, Videos | Live Online, Webinars, Documentation, Videos |

## Key features

### Xero

- API
- Accounting
- Accounts Payable
- Accounts Receivable
- Activity Tracking
- Audit Trail
- Billing & Invoicing
- Customisable Templates
- Document Management
- Financial Analysis
- Financial Reporting
- Fixed Asset Management
- Fund Management
- Monitoring
- Multi-Currency
- Performance Metrics
- Real-Time Data
- Real-Time Reporting
- Reporting & Statistics
- Reporting/Analytics

### Octopus

- API
- Accounting
- Accounts Payable
- Accounts Receivable
- Activity Tracking
- Audit Trail
- Billing & Invoicing
- Customisable Templates
- Document Management
- Financial Analysis
- Financial Reporting
- Fixed Asset Management
- Fund Management
- Monitoring
- Multi-Currency
- Performance Metrics
- Real-Time Data
- Real-Time Reporting
- Reporting & Statistics
- Reporting/Analytics

## Links

- [View Xero Profile](https://www.softwareadvice.co.nz/software/2976/xero)
- [View Octopus Profile](https://www.softwareadvice.co.nz/software/350809/octopus)
- [View Original Comparison](https://www.softwareadvice.co.nz/compare/2976/350809/xero/vs/octopus)

-----

## Structured Data

<script type="application/ld+json">
  {"@context":"https://schema.org","@graph":[{"name":"Xero vs Octopus Comparison","description":"Compare Xero vs Octopus regarding their features, reviews, pricing, specifications, screenshots & more.","url":"https://www.softwareadvice.co.nz/compare/2976/350809/xero/vs/octopus","about":[{"@id":"https://www.softwareadvice.co.nz/software/2976/xero#software"},{"@id":"https://www.softwareadvice.co.nz/software/350809/octopus#software"}],"breadcrumb":{"@id":"https://www.softwareadvice.co.nz/compare/2976/350809/xero/vs/octopus#breadcrumblist"},"@id":"https://www.softwareadvice.co.nz/compare/2976/350809/xero/vs/octopus#webpage","@type":["WebPage","CollectionPage"],"isPartOf":{"@id":"https://www.softwareadvice.co.nz/#website"},"publisher":{"@id":"https://www.softwareadvice.co.nz/#organization"},"inLanguage":"en-NZ"},{"name":"Xero","description":"Xero is a cloud-based accounting platform designed to assist small and midsize businesses with financial operations management, financial visibility and business performance optimization and more. The platform helps automate accounting tasks and maintain accurate financial records. It offers expense management tools that enable users to track and manage business expenses. Key features include invoicing, quoting, making and collecting payments, tax payment, employee and workforce management, bank reconciliation, expense management, projects handling, reporting and analytics and security measures. Users can capture receipts, categorize expenses and submit them for approval. Xero also supports expense claims, allowing employees to submit their expenses for reimbursement. It provides detailed expense reports, helping businesses monitor spending and identify cost-saving opportunities.\n\nOne of the core features of Xero is its invoicing capability. The solution allows accountants and bookkeepers to create and send professional invoices to clients, track their status and receive payments online. Users can customize invoice templates to align with their brand identity and set up automated reminders for overdue payments. It supports multi-currency invoicing, making it suitable for businesses with international clients. Xero's bank reconciliation feature is designed to streamline the process of matching bank transactions with accounting records. The tool automatically imports bank transactions and suggests matches based on historical data. Users can also create custom bank rules to automate the categorization of recurring transactions. Xero also provides real-time updates on cash flow, helping businesses maintain accurate financial records.\n\nXero includes payroll management functionalities that assist businesses in managing employee payroll and compliance. It allows users to process payroll, calculate taxes and generate payslips. It also supports direct deposit, enabling businesses to pay employees electronically. Additionally, Xero provides tools for managing employee leave and tracking work hours, ensuring accurate payroll processing and compliance with labor regulations. Xero complies with the Payment Card Industry Data Security Standard, and produces Service Organization Control (SOC 2) reports. It also offers a range of reporting and analytics tools that provide valuable insights into business performance. Users can generate custom financial reports, such as profit and loss statements, balance sheets and cash flow statements. Xero's dashboard provides a real-time overview of key financial metrics. The tool supports budgeting and forecasting, enabling businesses to plan for future growth and manage financial risks.\n\nXero integrates with several third-party applications, including CRM systems, eCommerce platforms and payment gateways. Xero’s integrated practice management software includes Xero HQ, Xero Practice Manager, Xero Workpapers and Xero Tax. It connects businesses with their bank, their advisor, accounting tools, payment services and more. These integrations facilitate data synchronization and optimize overall operational. Data is protected by multiple layers of security, including encryption and the platform is subject to strict privacy controls as it uses multi-factor authentication.","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/5b3df1a1-b6fb-46d0-bc99-15b50f6d8a07.png","url":"https://www.softwareadvice.co.nz/software/2976/xero","@id":"https://www.softwareadvice.co.nz/software/2976/xero#software","@type":"SoftwareApplication","applicationCategory":"BusinessApplication","publisher":{"@id":"https://www.softwareadvice.co.nz/#organization"},"aggregateRating":{"@type":"AggregateRating","ratingValue":4.4,"bestRating":5,"ratingCount":3292},"offers":{"price":"3.5","@type":"Offer","priceCurrency":"NZD"},"operatingSystem":"Cloud, Android, Platform ios, Platform ipad"},{"name":"Octopus","description":"Octopus has won the Editor‘s Pick at Fundmanagertools by Opalesque:\nhttps://www.fundmanager.tools/portfoliomanagementsoftware\nSupports Crypto Portfolio/Funds!\nCrypto version video: http://www.octo21.com/crypto\n\nThe Portfolio management includes:\n\n1.\tComplex portfolio structures with individual access rights\n2.\tFull instrument type coverage with compliance enhancements\n3.\tDetailed, extensible, self-updating instrument database\n4.\tPricing database with multiple data sources and fields for additional calculations\n5.\tComplete historical position and transaction database\n6.\tPortfolio can be viewed and calculated retrospectively for any given historical day\n7.\tExtensible performance and valuation fields for each position\n8.\tCross-portfolio positions and transactions search, filtering and export functions\n9.\tDatabase API for direct Excel connection\n10.\tExtensive setup database\no\tBroker/counterparties/issuers\no\tCommissions schedule\no\tCountries/currencies\no\tInstrument types (hierarchical structure)\no\tMarkets\no\tRating map\no\tTransaction types (hierarchical structure)\n\n\nThe Order management includes:\n\n1.\tSophisticated trade blotter tool for fast and easy execution for large amounts of trades\n2.\tExcel import for individual Excel sheets and adjustable copy &amp; paste functionality\n3.\tExtensive, easy to adjust interfaces for brokers, custodians, and other counterparties\n4.\tInterfaces for all major price feed providers\n5.\tEntire universe coverage for instruments accompanied by pre-trade compliance\n6.\tOrder book with search, filter and export functionality for new, pending and executed trades\n7.\tIndividual portfolio views with direct trade blotter generation\n8.\tPortfolio simulation tool with rebalancing and direct trade blotter generation\n9.\tFee management tool to automate or simplify post-processing of transactions\n\n\nReconciliation &amp; Interfaces functions:\n\n1.\tSophisticated interface setup tool to cover any type of file-based data import\n2.\tFTP, Email and API data transfer with encryption support\n3.\tSetup of unlimited reconciliation tasks between your data and any third-party partners\n4.\tAutomated reconciliation groups, flexible scheduler\n5.\tInstrument name mapping database\n\n\nThe Fund management &amp; valuation includes\n\n1.\tAccounting/shadow accounting for complex fund structures e.g. master-feeder and hedging option\n2.\tEx-post compliance checks with a flexible and sophisticated rule catalogue with per fund setup \n3.\tSetup of multiple currency share class structures and shares with the capability of currency hedging\n4.\tComplex fee setup for automated fee calculation on fund or share class level\n5.\tConfigurable performance fee calculation with high watermark and hurdle rate support\n6.\tComplete exportable NAV, compliance and subscription/redemption history\n7.\tExtensible calculations for performance, VaR and other key figures\n8.\tAutomated data sources for portfolio value, subscription/redemptions, liabilities, hedges\n\n\nReporting\n\n1.\tSophisticated reporting engine based on the open source software Jasper Reports\n2.\tEasy to adjust reporting templates for KIID, Factsheet, NAV, Portfolio and annual reports\n3.\tExtensive and highly customizable reports adjustable to any corporate identity\n4.\tReport generation and email distribution with batch processing and scheduler control","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/a92436e5-f1a8-4218-aa95-9816a3d2a133.jpeg","url":"https://www.softwareadvice.co.nz/software/350809/octopus","@id":"https://www.softwareadvice.co.nz/software/350809/octopus#software","@type":"SoftwareApplication","applicationCategory":"BusinessApplication","publisher":{"@id":"https://www.softwareadvice.co.nz/#organization"},"aggregateRating":{"@type":"AggregateRating","ratingValue":4.0,"bestRating":5,"ratingCount":1},"offers":{"price":"2900","@type":"Offer","priceCurrency":"USD"},"operatingSystem":"Cloud"},{"@id":"https://www.softwareadvice.co.nz/compare/2976/350809/xero/vs/octopus#breadcrumblist","@type":"BreadcrumbList","itemListElement":[{"name":"Home","position":1,"item":"/","@type":"ListItem"},{"name":"Inventory Management Software","position":2,"item":"/directory/4490/inventory-management/software","@type":"ListItem"},{"name":"Xero vs Octopus","position":3,"item":"https://www.softwareadvice.co.nz/compare/2976/350809/xero/vs/octopus","@type":"ListItem"}]}]}
</script>
