Comparison
AllMy Ledger vs Xero
Xero costs $25+ per month and needs an internet connection to work. AllMy Ledger is a one-time purchase ($149 through April 30, then $199), works offline, and keeps your data on your computer.
The real cost over 3 years
AllMy Ledger
$149 $199
Software only, works forever
Year 1: $149$199
Year 2: $0 (or $49 for optional support)
Year 3: $0 (or $49 for optional support)
Xero
$900
Early plan at $25/month
Year 1: $300
Year 2: $300
Year 3: $300
That's $751$701 saved over 3 years. The optional Service Contract ($49/yr) adds updates and email support if you want them. Skip it and the software still works forever.
Xero pricing based on the Early plan at $25/month, checked at xero.com/us/pricing-plans on 2026-07-08. Growing ($55/mo) and Established ($90/mo) tiers cost more and add features like multi-currency and project tracking.
Feature comparison
| AllMy Ledger | Xero | |
|---|---|---|
| Pricing | $149 once $199 once | $25-90/month |
| 3-year cost | $149 $199 (or $247$297 with optional support) | $900-$3,240 |
| Works offline | ✓ | ✗ |
| Data on your computer | ✓ | ✗ |
| No subscription needed | ✓ | ✗ |
| Platform | ||
| Desktop app (Windows, Mac, Linux) | ✓ | ✗ |
| Cloud + mobile app | ✗ | ✓ |
| App marketplace | ✗ | ✓ |
| Accounting | ||
| Double-entry bookkeeping | ✓ | ✓ |
| Simple Mode (plain language) | ✓ | ✗ |
| Invoicing | ✓ | ✓ |
| Estimates & quotes | ✓ | ✓ |
| Online invoice payments | Manual | ✓ |
| Bank reconciliation | ✓ | ✓ |
| Direct bank feeds | OFX/QFX import | ✓ |
| Multi-currency | ✓ | Established tier |
| 1099 contractor tracking | ✓ | ✓ |
| Reports | ✓ | ✓ |
| Payroll | ✗ | Add-on (Gusto) |
| Multi-user | ✗ | ✓ |
| Migration | ||
| Import from Xero | ✓ | N/A |
Why choose AllMy Ledger over Xero
Save $700+ over 3 years
$149$199 once vs $25+/month on Xero's Early plan. No annual renewals, no plan upgrades to unlock features you already have.
Works without internet
Xero needs an internet connection to load your books. AllMy Ledger runs entirely on your computer. You can work from anywhere, even offline.
Your data, your computer
With Xero, your accounting data lives on Xero's servers in the cloud. With AllMy Ledger, it lives on your computer in a local file you control.
No plan tiers to climb
Xero's Early plan caps you at 20 invoices and 5 bills a month. Go past that and you're pushed to Growing or Established. AllMy Ledger has no invoice limits at any price.
Simple Mode
Xero uses accounting terminology everywhere. AllMy Ledger's Simple Mode uses plain language like "Money In" instead of "Accounts Receivable." Switch to Accountant Mode when you need it.
Bring your balances over
The Import from Another System wizard detects Xero exports and reads them directly. Enter your account balances at a cutover date, then add this year's transaction history if you want it.
Where Xero still fits
Xero makes sense if you need one of these specific things:
Direct bank feeds: Xero connects to your bank and auto-downloads transactions. AllMy imports OFX/QFX files manually.
Mobile access: You need to send invoices or check your books from your phone. AllMy is desktop-only.
Payroll: You have employees on payroll. Xero connects to Gusto for this; AllMy doesn't do payroll (use Gusto alongside instead).
Multi-user collaboration: Multiple people need to work in the same books at once. AllMy is single-user.
Online invoice payments: Xero lets customers pay invoices online by card or bank transfer. AllMy records payments manually.
A large app marketplace: Xero connects to hundreds of third-party apps. AllMy Ledger doesn't have an app marketplace.
If none of those are must-haves, AllMy Ledger saves you $700+ over 3 years.
Own your books instead of renting them
$149 through April 30, then $199.$199 once. All features. No subscription. Try it free first.
7-day trial · No credit card · Windows, macOS & Linux