Xero alternative: Statemint vs Xero

Looking for a Xero alternative? A side-by-side look at what Statemint and Xero publish about features and prices, as at 13 November 2026.

Statemint is not affiliated with, endorsed by or sponsored by Xero. Information about Xero comes from its own public pages, paraphrased, and may have changed since: always check the source links. Prices exclude VAT where the vendor says so. Statemint is not currently VAT registered, so its prices on our pricing page include no VAT. "Not listed" means the page we checked did not say.

	Statemint	Xero
Published price	Sole Trader £12.99 a month, Ltd Company £29.99 a month, Accountants £89.99 a month; For Life £2,999.99 once	Ignite £18 a month, Grow £39, Comprehensive £55 and Ultimate £70, all excluding VAT, after an introductory offer for new customers (Source)
Billing	Monthly or yearly, or a one-off For Life payment	Monthly, renewing until cancelled (Source)
Payroll	Yes. PAYE payroll, payslips, P60s and P45s on the Ltd Company plan	Yes. Available. Ignite, Grow and Comprehensive charge £1.50 a month for each person paid, and Ultimate £1 (Source)
VAT returns	Partly. VAT returns worked out from your records. Online filing to HMRC is coming soon with Plus, awaiting HMRC approval	Yes. VAT returns can be sent to HMRC from Xero on every plan (Source)
Corporation Tax	Partly. Corporation Tax calculation and CT600 preparation on the Ltd Company plan. Online filing is coming soon	Partly. Not listed as a feature. An optional Company accounts and tax add-on is listed at £120 a year excluding VAT (Source)
Self Assessment	Partly. Self Assessment return prepared from your records on the Sole Trader plan, and for personal accounts under Accountants. Online filing is coming soon	Not listed (Source)
MTD for Income Tax	Partly. Quarterly Making Tax Digital for Income Tax figures prepared from your records. Online submission is coming soon with Plus, awaiting HMRC approval	Yes. MTD for Income Tax ready is listed on all four plans (Source)
Construction Industry Scheme (CIS)	Yes. CIS for contractors, and CIS income for subcontractors	Partly. CIS subcontractor calculations and reports are on all four plans. Contractor CIS returns are an optional add-on at £5 a month (Source)
Bank transactions	Yes. Statements imported from nine UK banks as PDF, CSV or Excel, with Statemint AI categorisation	Yes. Bank feeds included for most customers, with bank reconciliation on every plan (Source)
Foreign currency	Partly. HMRC monthly exchange rates for foreign invoices and bills. This is not full multi-currency accounting	Partly. Multiple currencies are included on Comprehensive and Ultimate only (Source)
Fixed assets	Yes. Fixed asset register with depreciation schedules	Yes. A fixed asset register with depreciation calculations and disposal reports. The page does not say which plans include it (Source)
Projects	Yes. Project profitability reports	Partly. Project tracking is listed on Ultimate only (Source)
Accountants and clients	Yes. Unlimited clients on the Accountants plan, sole traders and limited companies	Not listed (Source)
Accountant access	Yes. A view-only client report pack for your accountant, or export your data to an accountant who uses Statemint	Not listed (Source)
Mobile app	No. No mobile app. Statemint is a desktop app for macOS and Windows	Yes. The Xero Accounting app for iPhone, iPad and Android is included with every subscription (Source)
Desktop or online	Desktop app for macOS and Windows. Your data stays on your computer. An online backup service is planned, with no release date	Online software (Source)
Works offline	Yes. Only Statemint AI categorisation needs the internet	Not listed (Source)

listed listed with a limit (some plans only, an add-on, extra fees or, for Statemint, online filing still to come) not listed no

Which may suit you

Neither is right for everyone. These lines restate the table above, nothing more.

Xero may suit you if…

you want an online service, with the Xero Accounting app for iPhone, iPad and Android included in every subscription
you need multiple currencies, which Xero lists on Comprehensive and Ultimate
you want project tracking, which Xero lists on Ultimate

Statemint may suit you if…

you want your books on your own computer, working offline, with backup options in settings today and an online backup service planned
you want your accounts, VAT, Corporation Tax and Self Assessment figures prepared in one desktop app for macOS and Windows
you would rather pay once with For Life (£2,999.99) than every month
you are an accountant who wants unlimited clients, sole traders and limited companies, on one plan

Switching from Xero

Moving to Statemint does not mean starting again. If Xero lets you export your data as a CSV or Excel file, Statemint can match its columns to its own fields, show you a preview, take a backup and import your customers, suppliers, opening balances, unpaid invoices, bills and bank lines. You can undo the import straight afterwards. Keep your Xero records until you have checked the figures.

Import from another system

Things worth checking for yourself

Whether you need to send VAT or tax returns to HMRC from the software today. Statemint prepares your figures, and online filing is coming soon with Plus.
Whether you want your books on your own computer, or in an online service. Statemint keeps them on your computer, and an online backup service is planned, with no release date.
What you will pay after any introductory offer ends, and whether VAT is added.
Whether you need payroll, bank connections or client management, and what each costs.

Questions about Statemint and Xero

Is Statemint a Xero alternative?

Statemint is accounting software for UK sole traders, limited companies and accountants, so it covers some of the same ground as Xero. The table on this page sets out what each of them publishes about prices and features, with a source for every Xero fact.

Can I move my data from Xero to Statemint?

Yes, if you can export your data from Xero as a CSV or Excel file. Statemint can import customers, suppliers, opening balances, unpaid invoices, bills and bank lines, shows a preview first, takes a backup before it imports, and lets you undo the import straight afterwards.

Where does Statemint keep my data, and does it work offline?

Your data is stored on your computer, so Statemint works offline. Only Statemint AI categorisation needs the internet. Business settings include backup options today. An online backup service is planned, with no release date.

Can Statemint file my VAT or tax return with HMRC?

Not yet. Statemint works out your figures so you can file them yourself through your HMRC account. Online filing from Statemint is coming soon with Plus, awaiting HMRC approval.

How do Statemint and Xero prices compare?

Statemint costs Sole Trader £12.99 a month; Ltd Company £29.99 a month; Accountants £89.99 a month, or a one-off For Life payment of £2,999.99, with no VAT added because Statemint is not currently VAT registered. Ignite £18 a month, Grow £39, Comprehensive £55 and Ultimate £70, all excluding VAT, after an introductory offer for new customers. Prices and offers change, so check the source link.

Does Statemint have a mobile app?

No. Statemint is a desktop app for macOS and Windows. The Xero Accounting app for iPhone, iPad and Android is included with every subscription.

Sources

Information about Xero was read on 13 November 2026 from:

See Statemint pricing Browse features

More comparisons: Statemint vs QuickBooks · Statemint vs FreeAgent · Statemint vs Sage Accounting · Statemint vs Sage 50 · All comparisons