Skip to main content

Sumly vs Xero

Xero is global accounting software with a big app store. On its Global plans, a Cyprus company needs a second app for the VAT return and VIES, the monthly report of your sales to EU businesses. Sumly is built for Cyprus and prepares both from your books, for less.

Try 30 days freeBook a free migration
  • 30-day free trial
  • Free migration
  • Fixed monthly prices

Sumly and Xero, side by side.

Sumly compared with Xero
FeatureSumlyXero
Built for CyprusYesRest-of-world edition
Cyprus VAT rates set upYesFour generic 0% rates you edit
Cyprus VAT return from the booksYesThird-party app, from €19 a month
VIES statementYesThe UK's EC Sales List, in pounds
Who submits the returnYou on Base, Sumly on Plus, or your Sumly certified bookkeeper on PremiumYou, in Tax For All
AI reads and books documentsYesYes
Feeds from Cyprus banksYesNone named in its feed list
PayrollAdd-on, €15 per employee a monthAn app from its App Store
App marketplaceNoYes
Company formationYesNo
Yellow Slip, tax residency and auditorYesNo
Billed inEurosUS dollars
Free trial30 days30 days

Xero details read on 26 August 2026 from xero.com/pricing-plans and xero.com/uk/pricing-plans, Xero Central's Rest-of-world help, the generate.TAX listing in Xero's App Store and generate.tax's Cyprus page.

Where they part ways.

On the bookkeeping itself, the two are close. The gap is Cyprus.

The return is in the plan.

Every Cyprus VAT code maps to a box on the official return, and VIES comes from the same books. On Xero, that's a second app.

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.

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.

Base does both jobs for €39 a month. On Xero, a Cyprus company pays two subscriptions in two currencies.

Do it yourself

  • Sumly Base

    €39/ month

    The full platform. Sumly prepares VAT, VIES and tax returns from your books, and you file them.

  • Xero Standard, plus a VAT app

    USD 50 + €19/ month

    Standard is Xero's first tier without an invoice cap. The Cyprus VAT return and VIES come from generate.TAX, from €19 a month for one company.

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.

  • Xero, done for you

    Not offered

    Xero sells software. Payroll and the Cyprus return are third-party apps, and formation and the audit are yours to arrange.

See all three plans

Sumly prices exclude VAT. Xero's Global page lists prices in USD with no VAT basis, and generate.TAX prices exclude tax. Xero list prices read on 26 August 2026, when it offered new customers 80% off for three months.

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 want the VAT return and VIES out of your books, not a second app
    • You'd rather pay one subscription in euros than one in dollars plus an add-on
    • You need the company registered as well as its books kept
    • You want a Sumly certified bookkeeper working in your own dashboard

  • Pick Xero if

    • You invoice in several currencies and want exchange-rate gains and losses in the books, which Xero Premium does
    • You need a specific integration from Xero's App Store
    • Your accountant works in Xero every day
    • You want unlimited users, which Xero lists across its business plans
    • You also report in a country Xero has an edition for, like the UK or the US
Try 30 days free

Switch any month. We move you for free.

Book a call and we'll show you Sumly, then move your books across from Xero. Your opening balances come with you, so mid-year is fine.

  • How Sumly would run your own books
  • What moving from Xero involves
  • Which plan fits, and what it costs

30 minutes, by video, free

Your questions, answered.

Spotted something out of date? WhatsApp us and we'll correct it.

WhatsApp us

Sumly, for a reason you can check. No plan on Xero's Global edition produces a Cyprus VAT return or VIES statement, so a Cyprus company buys a second app. That makes it €39 a month for Base against USD 50 for Xero Standard plus from €19 for the app. Xero is built for the world, with a large app store. Sumly does one country, all the way to the return.

No. Xero has country editions for places like the UK and the US, and Cyprus falls into its Global, Rest-of-world edition. That edition gives you a default chart of accounts and four generic 0% tax rates to edit yourself.

Not on its own. The Rest-of-world edition has a Sales Tax report that Xero calls generic, and an EC Sales List in pounds, built for HMRC, the UK tax authority. Xero's help names a partner for the Irish VAT 3 and none for Cyprus. The route on offer is generate.TAX from Xero's App Store, which lists the Cyprus VAT return and VIES from €19 a month.

Base is €39 a month and does both jobs. On Xero it's two subscriptions in two currencies, Standard at USD 50 a month plus generate.TAX from €19 a month. The app alone is €228 a year, with Xero on top. We don't add the two, because a dollar price plus a euro price needs an exchange rate that moves. Checked on 26 August 2026.

Standard, at USD 50 a month. Lite caps you at 5 invoices and quotes a month, and Starter at 20 invoices and 5 bills, so Standard is the first tier without a cap. Xero includes Hubdoc document capture on every plan, so that's no reason to go higher. Multi-currency is the one feature it keeps for Premium, at USD 75.

Not itself. Xero's Rest-of-world help points to payroll apps in its App Store, each priced by its vendor. Sumly's payroll is an add-on at €15 per employee a month, with Social Insurance, GHS health contributions and income tax worked out and posted to the books.

Sumly connects read-only to Bank of Cyprus, Hellenic Bank, Eurobank, Alpha Bank, Revolut and Wise. Xero's published Rest-of-world feed list names no Cypriot bank, and its fallbacks are an aggregator feed through Yodlee or importing statements. Search for your bank in a Xero trial before you decide.

Yes. Connect your bank, bring your opening balances across and run a month in both before you cancel, all inside the 30-day free trial. Or book a call and we'll move your books for free.

Other comparisons

What can we help with?

30 minutes, by video, free.