Actual Budget vs Xero
Detailed comparison to help you choose the right tool for your needs
A
Actual Budget
Open-source envelope budgeting app
4.4
Editorial RatingQuick Comparison
Rating
4.4
vs4.3
Starting Price
Free
vs$29
Pricing Model
free
vspaid
Feature
Actual Budget
Xero
Envelope budgeting
Bank sync (SimpleFIN)
End-to-end encryption
Multi-device sync
Transaction import (QIF/OFX/CSV)
Self-hosted sync server
Invoicing
Bank Reconciliation
Expense Claims
Multi-Currency
Payroll
Project Tracking
Actual Budget Pros
- Completely free with all features
- Local-first — fast and responsive
- End-to-end encrypted sync
- Dead simple self-hosting (single container)
- Active community development (MIT license)
- 70% cheaper than YNAB even with add-ons
Actual Budget Cons
- Mobile apps deprecated (web app only)
- Bank sync US/Canada only
- No investment tracking
- No REST API for automation
- Credit card handling assumes full payoff
- Plugin system not yet shipped
Xero Pros
- Unlimited users on all plans
- Clean and intuitive interface
- Over 1000 third-party integrations
- Strong multi-currency support
- Excellent bank feed connections globally
- Real-time collaboration with accountants
Xero Cons
- Invoice limits on the Starter plan
- Payroll is an add-on in most regions
- Reporting can feel limited vs QuickBooks
- No built-in time tracking
- Inventory management is basic
- US market features lag behind other regions