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Comparison

iplicit vs Xero

Xero is excellent — until it isn’t. Most businesses hit its limits around £5–10m turnover, when they start running multiple entities, need project-level reporting, or find month-end consolidation eating up their finance team’s time. iplicit is built for exactly that step up.

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The Signals

Signs you’ve outgrown Xero

You run more than one Xero organisation

If you're manually consolidating two or more Xero files at month-end, that's the clearest signal you've outgrown the platform.

Month-end takes longer than it should

When your team spends days pulling reports together rather than analysing them, the system is working against you.

You need project or job-level P&L

Xero's tracking categories only go so far. iplicit gives you a full project accounting module with native cost and revenue recognition.

Your finance team is growing

Xero is designed for small teams. When you add more finance headcount, you need a system that can manage approval workflows, roles, and controls.

Feature Comparison

How they compare

Feature
iplicit
Xero
Target market
Mid-market (£5m–£250m turnover)
SME (up to ~£5–10m turnover)
Multi-entity support
Real-time consolidation, 300+ entities
Separate orgs, manual consolidation
Intercompany eliminations
Automated in real time
Manual or via add-on
Project accounting
Native — P&L per project/job
Tracking categories only
Departmental reporting
Unlimited dimensions
Limited tracking categories
AP automation
Native AP automation built in
Via third-party add-on (Dext, etc.)
Ease of use
Intuitive — avg 16 days to live
Very easy — large user community
Third-party ecosystem
Growing — key integrations
Huge app marketplace (1,000+)
Pricing
Higher — enterprise tier
Low-cost monthly subscription
Audit trail
Full, immutable audit log
Good but limited drill-through
Fixed asset management
Native module with depreciation
Basic — add-on usually needed
Common Questions

Frequently asked questions

When should a business move from Xero to iplicit?

The most common triggers are: managing more than one entity in separate Xero files, month-end consolidation taking more than a day, needing project accounting or departmental P&L, or the business outgrowing £10–15m turnover where Xero's reporting becomes limiting. iplicit is designed specifically for this step-up.

Can iplicit handle multiple Xero companies?

Yes — iplicit consolidates multiple entities in real time, with intercompany eliminations handled automatically. Businesses running three or more Xero files typically find this the single biggest improvement after migration.

How long does it take to migrate from Xero to iplicit?

iplicit averages 16 days to go live. A Xero migration is typically straightforward — Tick9 migrates your chart of accounts, opening balances, and key master data. Historical transaction data can be kept in Xero for reference.

Is iplicit more expensive than Xero?

iplicit pricing is significantly higher than Xero's entry-level plans, but it is aimed at a different market. For businesses running multiple Xero subscriptions, consolidation add-ons, and BI tools to work around Xero's limitations, the total cost is often comparable — and the capability step-up is substantial.

Think you’ve outgrown Xero?

Tell us about your current setup and what’s causing friction. We’ll give you an honest view of whether iplicit is the right next step.

Talk to a Tick9 consultant