Comparison
EU-first bookkeeping vs. an APAC/UK tool in Europe
Xero is a polished, well-designed accounting platform that excels in Australia, New Zealand, and the UK. But its European presence is thin: no Peppol e-invoicing, no Belgian VAT support, and limited localization for continental Europe.
| Feature | Financica | Xero |
|---|---|---|
| Peppol and UBL e-invoicing | Yes | No |
| AI-powered transaction categorization | Yes | Basic auto-suggest |
| Belgian VAT current account tracking | Yes | No |
| Shared founder-accountant workspace | Yes | Advisor role |
| Multi-currency accounting | All plans | Premium plan only |
| Invoice OCR | Yes | Via add-ons |
| Burn rate and cash runway | Yes | No |
| Free unlimited e-invoices | Yes | No |
| Belgian chart of accounts | Yes | No |
| EU bank feed coverage | Strong (EU-focused) | Limited in EU |
| Third-party app ecosystem | Growing | 1,000+ apps |
| Mobile app | Web-based | Yes |
Financica supports Peppol e-invoicing, Belgian VAT returns, PFORM671 extraction, and EU-specific compliance out of the box. Xero has no Belgian localization and requires third-party tools for basic EU requirements.
Financica includes multi-currency accounting on all plans. Xero locks multi-currency behind its most expensive Premium tier.
Financica is designed as a shared workspace where both founder and accountant work from the same ledger. Xero has a good advisor portal, but the collaboration model is still role-separated rather than truly shared.
Financica includes free unlimited e-invoices on all plans. Xero does not support Peppol natively, and bolt-on e-invoicing tools come with per-document charges.
Xero is a New Zealand-based cloud accounting platform known for its clean UI, strong bank reconciliation, and large integration ecosystem. It has a good accountant advisor portal. However, its EU localization is minimal, with strongest support for the UK market.
Xero is a strong choice for UK or APAC businesses that value design and integration breadth. Financica is the better choice for EU businesses that need native Peppol e-invoicing, VAT compliance, and a workspace purpose-built for founder-accountant collaboration.
No credit card required. See the difference for yourself.