Comparison

Finpliq vs Xero

An honest side-by-side for UK sole traders, landlords and limited company owners. Xero is a well-built accounting product. Finpliq focuses on plain-English UK compliance workflows, connected-commerce reconciliation, guided support and multi-business clarity.

Finpliq highlights 12 of 16 categories · 4 tied
Feature
Finpliq
Xero
Starting price
✓Free; Core £24/month
Ignite £16/month at regular price
HMRC VAT filing
Supported Finpliq workflow where HMRC connection is configured
Direct from Xero
Payroll
✓Included from Core
Optional on Ignite; people are included by higher plans, with per-person charges above plan limits
Payroll RTI to HMRC
✓RTI workflow support; live route controlled by configuration
Via Xero Payroll add-on
Multiple businesses
✓Core includes up to 3 businesses; Pro includes 5
Each organisation has its own plan; eligible multi-organisation subscribers may receive a discount
Consolidated multi-business view
✓Portfolio view in Pro
Separate organisations under one subscriber account
CIS contractor returns
✓CIS contractor workflow included from Core
CIS calculations and reports are available; contractor-return submission is a £5/month add-on
Income Tax
✓Self Assessment and MTD Income Tax workflow
MTD for Income Tax ready
Built by a CA
✓Yes — Built by Chartered Accountants
Software company
Statement import
CSV, Excel and PDF statement upload
Via Xero Bank Feeds
Connected sales platforms
✓Stripe, PayPal, Square, Shopify, WooCommerce, GoCardless, SumUp, Amazon, eBay and Etsy
Available through Xero and its app ecosystem
Payout-to-bank reconciliation
✓Gross sales, fees, refunds and payouts kept separate and matched without duplicate income
Depends on the connected app and workflow
Guided bookkeeping option
✓Finpliq Guided uses the same connected evidence and review trail
Usually arranged through a separate adviser
Import from Xero
CSV import supported
N/A
Free plan
✓Yes — 1 business
No
14-day trial
Yes — no card needed
30-day trial

See Finpliq's connected-commerce workflow

Follow a sale through fees, refunds, payout matching, bank evidence and tax review.

Explore integrations →

The key differences

Payroll is included — not an add-on

Finpliq includes payroll in Core. Xero's current plans treat payroll differently by tier: Ignite offers it as an option, while higher plans include specified numbers of people and charge when those limits are exceeded. Both products support HMRC payroll submissions.

Multiple businesses at a fraction of the cost

Finpliq Core includes up to three businesses and Pro includes five, with a portfolio view in Pro. Xero creates a separate organisation and plan for each business, while offering an eligible multi-organisation discount when the subscriber details and editions qualify.

Accounting expertise expressed in plain English

Finpliq is built by Chartered Accountants around UK bookkeeping, tax and filing workflows. It connects reviewed records to VAT, payroll, CIS, Income Tax and accountant-ready evidence, while explaining consequential choices before users confirm them.

When Xero might be the better choice

  • →You need a specialist app outside Finpliq's sales, payments and UK compliance ecosystem
  • →Your accountant specifically uses Xero and you need to collaborate in real time
  • →You have a large team with complex approval workflows
  • →You're migrating from Xero and need a period of overlap before switching

If you're switching from Xero: Finpliq imports your Xero CSV export automatically — categories mapped, opening balance posted. You're up and running on the same day.

Try Finpliq free for 14 days

No card needed. Import and review records before relying on them for reporting. See the difference yourself.

Start free — no card neededTalk to us about switching →

Last checked: 11 September 2026. Prices exclude VAT and promotional discounts. Official sources: Xero UK plans and Xero Payroll features.