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Economico vs Xero

Economico and Xero both keep real double-entry books. The difference is who operates them and when you reach for each. Xero is cloud accounting built for small businesses, their bank, and their accountant — dashboards, bank feeds, and a large app marketplace. Economico is run by your AI agent over MCP or CLI, for a new SaaS or consulting business with no finance hire and no books to migrate. Choose Xero for bank feeds, an advisor workflow, and broad small-business fit; choose Economico to have the agent you already use keep the books from day one.

At a glance

	Economico	Xero
Primary interface	Your AI agent, over MCP or CLI — no dashboard	Web & mobile dashboard
Double-entry general ledger & GAAP-shaped reports	✅	✅
Built for	New SaaS & consulting businesses, no finance hire, no migration	Small businesses of every kind, often with a bookkeeper or accountant
Bank-feed import & reconciliation	❌	✅
Advisor / accountant collaboration workflow	❌	✅
App marketplace	Your agent connects the tools you already use	Large third-party marketplace
Native stablecoin invoicing & settlement	✅	❌
Startup-credit tracking (AWS, OpenAI, …)	✅	❌
Scenario planning on the live ledger	✅	❌
Idempotent under agent retries	✅	not applicable

Choose Xero if…

Xero is the right call when you want an accountant-friendly accounting hub with bank feeds, a strong app ecosystem, and advisor collaboration — and it is especially strong for small businesses outside the US. It also fits businesses Economico does not target: ecommerce, inventory, and companies migrating existing books. Founders with a bookkeeper who already works in Xero should stay there. Xero genuinely wins on bank reconciliation, its advisor network, and breadth of small-business coverage.

Choose Economico if…

Economico is the right call when the founder is still the finance department and already works through an AI agent. You get accrual, double-entry books at signup — AR, revenue, expense, and cash accounts seeded automatically — and you operate them in plain language: “send Acme their $6,000 retainer, record yesterday's $200 AWS charge against our credit, and show recognized revenue this month.” Stablecoin settlement and the matching journals are native. It fits services and software revenue: retainers, projects, grants, subscriptions, metered usage, and credits.

Frequently asked questions

Is Xero better than Economico?

For bank feeds, an accountant workflow, and general small-business accounting, Xero is the more complete tool. Economico is for a narrower moment: a new software or services business with no finance hire and no books to migrate, where the founder already works through an AI agent.

Can I migrate my Xero books to Economico?

Economico is built for starting clean, not migrating. If you already keep books in Xero, that's a sign Xero (or a service) is the better fit today — our value is real books from day one before there's anything to migrate.

Does Economico do bank reconciliation like Xero?

No. Bank-feed import and reconciliation are areas where Xero is stronger. Economico focuses on the contract → invoice → payment → ledger loop, driven by your agent.

Can I invoice in USD and get paid in USDC?

Yes — Economico drafts the invoice in fiat, settles in USDC, USDT, or PYUSD, and posts the matching journal. Xero has no native stablecoin intake. See stablecoin bookkeeping software.

How do I connect Economico to my agent?

Point an MCP-capable host at economi.co/mcp or install the @economico/cli. The setup guide is at economi.co/skill.md.