Sumly vs Cybooks
Cybooks is accounting software built for Cyprus, and on the books themselves the two are close. Sumly also forms the company and opens the books before it exists. At the tier that does the same job, Sumly Base costs €28 a month less.
- 30-day free trial
- Free migration
- Fixed monthly prices
Sumly and Cybooks, side by side.
| Feature |  Sumly | Cybooks |
|---|---|---|
| Built for Cyprus tax | Yes | Yes |
| VAT and VIES from the books | Yes | Yes |
| Who submits the return | You on Base, Sumly on Plus, or your Sumly certified bookkeeper on Premium | You, or their accountant on All Inclusive |
| Open banking with Cyprus banks | Yes | Yes |
| Mobile app | Yes | iPhone only |
| Payroll | Add-on, €15 per employee a month | On Premium |
| IP Box | Add-on, €50 a month | On Premium |
| Company formation | Yes | No |
| Books before the company is registered | Yes | No |
| Yellow Slip and tax residency | Yes | No |
| Year-end auditor arranged | Yes | On All Inclusive |
| Free trial | 30 days | 14 days |
Cybooks details read on 26 August 2026 from cybooks.com.cy, its pricing and feature pages, and its App Store listing.
Where they part ways.
Both keep Cyprus books and connect to Cyprus banks. Both prepare the VAT return and VIES, the monthly report of your sales to EU businesses. The difference is everything around the books.
It forms the company.
We register your Cyprus company for €950 plus government fees, approved or every euro back. Accounting software isn't in that business.
Books before day one.
Your books open the day you order the company, and Cyprus lets you deduct costs from up to six months before it exists.
A bookkeeper when you want one.
On Premium, a Sumly certified bookkeeper works in your own books. You order the audit in Sumly too, and the Yellow Slip if you're an EU citizen moving here.
What it costs.
At the tier that does the same job, Base is €28 a month less than Cybooks Premium. Done for you, Sumly Premium is €260 a month less than All Inclusive, which includes the audit.
Do it yourself
- Sumly Base
€39/ month
The full platform. Sumly prepares VAT, VIES and tax returns from your books, and you file them.
- Cybooks Premium
€67/ month
The tier where AI document reading, recurring invoices and multi-currency start. €54 a month if billed yearly.
Done for you
- Sumly Premium
€190/ month
Your own Sumly certified bookkeeper keeps the books and files every return. The audit is extra, from €950.
- Cybooks All Inclusive
From €450/ month
An accountant licensed by ICPAC, the Cyprus accountancy body, files your VAT. VIES, One Stop Shop, Intrastat, payroll for two and the audit are included. €540 if billed monthly.
All prices exclude VAT. Cybooks prices read on 26 August 2026 from cybooks.com.cy/pricing/for-businesses. The All Inclusive price depends on transaction volume and headcount.
Pick the one that fits.
Both lists are true. If the second sounds more like you, we'd rather you knew now than three months in.
Pick Sumly if
- You need the company registered as well as its books kept
- You want the books running before the Registrar of Companies approves anything
- You want a Sumly certified bookkeeper working in your own dashboard
- You want the Yellow Slip, tax residency and the auditor in one place
- You want 30 days to try it on your real books
Pick Cybooks if
- Your company already exists, so formation and day-zero books don't matter to you
- You need Intrastat, the EU One Stop Shop or the VAT margin scheme, which Cybooks lists
- You run an accounting practice and want the practice-management product Cybooks sells separately
- You'd rather buy the audit inside a monthly service
Switch any month. We move you for free.
Watch the full demo of Sumly, and we'll move your books across from Cybooks for free. Your opening balances come with you, so mid-year is fine.
- How Sumly runs the books, start to finish
- What moving from Cybooks involves
- Which plan fits, and what it costs
Your questions, answered.
Spotted something out of date? WhatsApp us and we'll correct it.
Other comparisons
- Sumly vs an accounting firm in CyprusA firm bills a retainer plus a fee per return. Sumly has fixed monthly prices.
- Sumly vs BalabookCyprus-built software with proper double-entry books. Its bank feeds are still in Early Access.
- Sumly vs TidyBooksCyprus-built software that also forms companies. Close on price, far apart on the trial.
- Sumly vs XeroGlobal software with a big app store. The Cyprus VAT return comes from a second app.
- Sumly vs QuickBooksNo Cyprus edition. You set up the VAT rates and assemble the return yourself.
- Sumly vs SageSold country by country, with no Cyprus edition. The return comes out Irish or British.