XO Report vs Flex Financial Reporting
Flex Financial Reporting is the #1 rated Xero app on the App Store. Both are Excel add-ins - here's how to choose between them.
Flex Financial Reporting
Strengths
- #1 rated Xero app on the Xero App Store
- Excellent report builder with templates
- Has data tables for invoices, contacts, etc.
- Access to Journals / GL transactions
- Unlimited users on all plans
- Strong track record and large user base
Limitations
- No custom Excel formulas (=XO.BALANCE style)
- Cannot pull data from multiple orgs in one formula
- Higher entry price ($30 vs $9.90)
- Multi-period P&L can have accuracy issues with non-31-day months
XO Report
Why Choose XO Report
- Custom Excel formulas that auto-refresh on recalc
- Multi-org data in a single formula (unique feature)
- Accurate multi-period P&L for any month length
- Lower entry price ($9.90 vs $30)
Pricing: Flex starts at $30/mo for 10 orgs. XO Report starts at $9.90 for 1 org.
Price Comparison
| Orgs | XO Report | Flex Financial Reporting | You Save |
|---|---|---|---|
| 1 | $9.90 | $30 | 67% |
| 3 | $14.90 | $30 | 50% |
| 10 | $29.90 | $30 | Similar |
| 50 | $49.90 | $150 | 67% |
Choose Flex Financial Reporting if:
- •You need access to Journals / GL transaction data
- •You prefer a visual report builder over formulas
- •You're already using Flex and it works for you
Choose XO Report if:
- •You want custom Excel formulas that refresh automatically
- •You need to pull data from multiple Xero orgs in one report
- •You need accurate multi-period P&L comparisons
- •You're cost-conscious (especially at 1-5 orgs)
Frequently Asked Questions
Is Flex Financial Reporting an Excel add-in?
Yes, Flex Financial Reporting works within Excel. It's the #1 rated app on the Xero App Store and offers excellent report templates and data tables.
Does Flex have custom Excel formulas like XO Report?
No, Flex does not offer custom Excel formulas (like =XO.BALANCE). It uses a report builder approach instead. XO Report is the choice if you want formula-based data access.
Which is better for multi-org reporting?
XO Report has a unique feature: multi-org data in a single formula. Flex supports multiple orgs but cannot combine data from different orgs in one formula.
Try XO Report Free
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