Holdings vs Xero
Xero charges $15–78/mo for accounting software. Holdings gives you the same accounting — plus 35+ business tools and a free bank account — for $0.
Feature comparison
See how Holdings stacks up against Xero
| What you get | Holdings | Xero |
|---|---|---|
| Monthly Cost | $0 | $15–$78/mo |
| Auto-Categorization | ✅ Included | ✅ Bank rules |
| P&L / Balance Sheet | ✅ Real-time | ✅ Full reporting |
| Invoicing | ✅ Free tools | ✅ Included |
| Multi-Currency | USD only | ✅ 160+ currencies |
| Inventory Tracking | Not included | ✅ Included |
| 35+ Free Business Tools | ✅ Included | ❌ Not included |
| Business Banking | ✅ Free checking | ❌ Not included |
| APY on Deposits | 1.75% | N/A (no banking) |
| FDIC Insurance | Up to $3M | N/A |
| Domestic Wires | Free | N/A (not a bank) |
| Team Permissions | ✅ Included | ✅ Included |
| Integrations | Growing | 1,000+ apps |
Why choose Holdings over Xero
Replace $180–$936/year in software
Xero costs $15–78/month for accounting alone. Holdings gives you equivalent accounting plus 35+ business tools and a free bank account — for $0/month.
Stop juggling 5 apps
Xero is one of many tools you pay for. Holdings replaces your accounting software, your invoicing tool, your expense tracker, and your bank — one workspace, one login.
Your invoices auto-update your books
With Xero, you reconcile between apps. Holdings connects invoicing, expenses, and accounting in one system — when money moves, your books update automatically.
Tax time takes 10 minutes, not 10 hours
Auto-categorized transactions, real-time P&L, and exportable reports mean tax season is painless. No sync delays, no missing transactions, no manual cleanup.
Get the Accounting Switch Guide
Considering alternatives to Xero? This guide covers what to migrate, how Holdings replaces your add-ons, and how to keep your books clean during the switch.
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When Xero might be the better choice
Xero is the better choice if you need multi-currency accounting, complex inventory tracking, payroll across multiple countries, or deep integrations with 1,000+ third-party apps. For larger businesses with complex needs, Xero's feature depth justifies the cost.
Frequently asked questions
How much does Xero cost vs Holdings?
Xero costs $15/mo (Starter), $42/mo (Standard), or $78/mo (Premium). Holdings is $0/month — you get accounting, 35+ business tools, and a free bank account at no cost.
I already have a bank — why do I need Holdings?
Holdings isn't just a bank — it's a financial workspace. You get 35+ free tools (accounting, invoicing, expense tracking, P&L reports) that replace paid software like Xero. The bank account connects it all, but the tools work even if you keep your current bank.
Can I use Holdings tools without banking?
Yes. Holdings' tools — accounting, invoicing, expense tracking, reports — are free to use. The banking is optional but connects everything automatically when you use it.
Can I switch from Xero to Holdings?
Yes. If your accounting needs are covered by auto-categorization, P&L, and balance sheets, you can replace Xero with Holdings and save $15–78/month — plus get 35+ tools you weren't getting before.
Does Holdings support multi-currency?
Holdings focuses on USD accounts. If you need multi-currency accounting, Xero may be a better fit for that specific feature.
Ready to run your business from one place?
35+ free tools. Free accounting. Connected banking. Try it in 5 minutes.
1.75% APY† • Zero fees^ • FDIC insured to $3M*
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