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Xero vs LedgerSMB: catalog facts
Xero	LedgerSMB
Paid Paid monthly plans with a free trial and introductory discounts.	Free Free and open source.
Web	Web, Self-hosted
Bank connections for reconciliation Invoicing, bills and payroll in one place	Proper double-entry, multi-currency accounting Sends invoices and quotes by email with PDF attachments
Subscription only, with no free plan Features and plans vary by country	Needs Perl, PostgreSQL and a web server to run in production Interface is functional rather than modern
Web application, Hosted service	Self-hosted
Closed source	Open source
License not stated	License: GPL-2.0
Account needed	Not stated if an account is needed
Not stated if it works offline	Not stated if it works offline
Official website Full listing and sources Checked October 2, 2026	Official website Full listing and sources Checked October 2, 2026

Catalog facts only. Anything “not stated” is unconfirmed. Check full listings for details.