tech from europe
Xero

The best alternatives to Xero

7 European alternatives · updated 10 October 2026 · How we select

Xero users in Europe often look for alternatives when they need EU-based data hosting or a tool with stronger local compliance support. Others switch because they want simpler pricing or a solution built for smaller teams with fewer integrations. FreeAgent is a common pick for freelancers and micro-businesses that prioritise clarity over complexity.

In short

Xero covers invoicing, expense tracking, bank reconciliation and financial reporting. European alternatives: Collmex, sevDesk, FreeAgent, Zervant and Lexware and 2 more. By area: Collmex, sevDesk and FreeAgent for invoicing; Collmex, sevDesk and FreeAgent for expense tracking; Collmex, sevDesk and FreeAgent for bank reconciliation; Collmex, sevDesk and FreeAgent for financial reporting.

European alternatives to Xero

Collmex🇩🇪 DE

German cloud accounting with VAT returns and online banking

Replaces Xero’s accounting and invoicing with VAT returns and online banking.

Covers all of XeroFrom €8.95/mo★ 3.9 (6 reviews)
EU hostingGDPRFree planISO 27001
Collmex vs Xero →
What users praise and criticise
  • Comprehensive feature set covering invoicing, bookkeeping, inventory and project management
  • Flexibility to manage multiple companies within one account
  • Customizable workflows tailored to individual business needs
  • Interface can be overwhelming for beginners with a steep learning curve
  • Email-based invoice storage requires constant account linking and is impractical for many workflows
  • Missing some necessary integrations
sevDesk🇩🇪 DE

German accounting and invoicing software for freelancers and small businesses

Replaces Xero’s core accounting and invoicing for freelancers and small businesses.

Covers all of Xero★ 3.9 (3882 reviews)
EU hostingGDPR
sevDesk vs Xero →
FreeAgent🇬🇧 GB

UK accounting software for freelancers and small businesses

Replaces Xero’s core accounting jobs for freelancers and small businesses, including VAT and tax filing.

Covers all of XeroFrom £5/mo★ 4.6 (5568 reviews)Import from Xero: ✓ migration service documented · source
EU hostingGDPRFree planCyber Essentials Plus
FreeAgent vs Xero →
What users praise and criticise
  • Intuitive and user-friendly interface with a well-organized dashboard
  • Automatic bank and PayPal transaction imports for streamlined bookkeeping
  • Built-in tax, National Insurance, and HMRC RTI submission automation
  • Higher pricing compared to competitors, perceived as expensive for small businesses
  • Mobile app lacks features like split transactions and has small, hard-to-read text
  • Interface for viewing recent expenses described as clunky and prone to freezing
Zervant🇫🇮 FI

Simple invoicing and billing for freelancers and small businesses

Handles invoicing only; lacks full accounting like double-entry bookkeeping.

InvoicingFrom €9.99/mo★ 4.7 (6265 reviews)
EU hostingGDPRFree plan
Zervant vs Xero →
What users praise and criticise
  • Intuitive interface and clean design for easy navigation
  • Straightforward setup with guided assistance
  • Simple and efficient invoice and quote creation
  • Free version limits customers to 10–30, requiring an upgrade for larger client bases
  • Invoice templates are basic with minimal customization options
  • Occasional VAT/TAX calculation issues reported by users
Lexware🇩🇪 DE

German accounting and invoicing with DATEV integration

Replaces Xero’s accounting and invoicing with DATEV integration for German users.

Covers all of XeroFrom €7.90/mo★ 3.3 (1778 reviews)
EU hostingGDPR
Lexware vs Xero →
Banana Accounting Plus🇨🇭 CH

Swiss accounting software with double-entry bookkeeping and multi-currency support

Replaces Xero’s accounting with double-entry bookkeeping and multi-currency support.

Covers all of XeroFrom 89 CHF/yr★ 4.5 (810 reviews)
Free plan
Banana Accounting Plus vs Xero →
What users praise and criticise
  • Excel-like interface for quick and easy transaction entry
  • Simple but comprehensive design accessible to non-accountants
  • New balance column and improved error alerts
  • Switch from one-time license to subscription model
  • Poor integration with other applications
  • Modest speed and performance
Reviso🇩🇰 DK

Cloud accounting and invoicing for SMEs with VAT and project tracking

Replaces Xero’s accounting and invoicing for SMEs, with VAT and project tracking.

Covers all of XeroFrom £20/mo★ 2.8 (3 reviews)
EU hostingGDPR
Reviso vs Xero →

All Xero alternatives at a glance

Which part of Xero each alternative covers.

ProviderInvoicingExpense trackingBank reconciliationFinancial reportingFromRatingImport from Xero
Xero 🇳🇿 (the tool you are replacing)✓✓✓✓–––
Collmex 🇩🇪✓✓✓✓€8.95/mo★ 3.9 (6)–
sevDesk 🇩🇪✓✓✓✓On request★ 3.9 (3882)–
FreeAgent 🇬🇧✓✓✓✓£5/mo★ 4.6 (5568)✓ service
Zervant 🇫🇮✓€9.99/mo★ 4.7 (6265)–
Lexware 🇩🇪✓✓✓✓€7.90/mo★ 3.3 (1778)–
Banana Accounting Plus 🇨🇭✓✓✓✓89 CHF/yr★ 4.5 (810)–
Reviso 🇩🇰✓✓✓✓£20/mo★ 2.8 (3)–

Prices per user and month in the cheapest paid plan. Ratings are weighted across G2, Capterra, OMR and other portals, with the review count in brackets.

Xero: the facts

What to know about the tool you are replacing, with sources.

Headquarters
🇳🇿 NZ · since 2006
Where your data is stored
No EU data regionXero has no plans to store data in the EU.
Contracts
DPA · Sub-processors

What users value in Xero

  • User-friendly interface for non-accountants
  • Strong multi-currency support
  • Real-time collaboration with advisors

What they criticise

  • No EU data residency option
  • Limited customization for complex workflows
  • Learning curve for advanced features

Sources: xero.com · researched 5 October 2026

Moving away from Xero

With help from the vendor: FreeAgent. Every import above links its source on the product card.

Frequently asked questions

Which European accounting tools fully replace Xero?

FreeAgent, sevDesk, Lexware, Reviso and Collmex cover invoicing, expense tracking, bank reconciliation and financial reporting. Zervant only handles invoicing. Banana Accounting Plus also covers all core accounting tasks.

Which tool is best for freelancers?

FreeAgent and Zervant are designed for freelancers and small businesses. Both offer invoicing, and FreeAgent also covers expense tracking, bank reconciliation and financial reporting.

Do these alternatives support GDPR compliance?

FreeAgent, sevDesk, Lexware, Reviso and Collmex host data in the EU. Banana Accounting Plus does not confirm EU hosting. Zervant hosts data in the EU.

Where does Xero store my data?

Xero is headquartered in New Zealand and does not offer EU data residency. It has no plans to store data in the EU.

Are there free plans available?

FreeAgent, Zervant, Banana Accounting Plus and Collmex offer free plans. sevDesk, Lexware and Reviso do not.

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