Compare
If you are choosing where to keep your books, this page shows what each product does for a small business, one feature at a time, and what LedgIQ cannot do yet in a column of its own. Every line about another product links to that company's own page and says the day we read it.
Feature by feature
Each row starts with what the feature is and why a shop would want it. The last column is what LedgIQ is missing on that row today. It stays on this page until the missing part is built and checked. The code under a line opens the company page it was read from, at the foot of this page.
| Feature | LedgIQ | Tally Prime | QuickBooks Online | Xero | Zoho Books | Not yet in LedgIQ |
|---|---|---|---|---|---|---|
| Stock on handKnowing how many of each item you have and what it cost, so you reorder in time and your profit counts what you actually sold. | Yesitems with a cost method, a stock move on every purchase and sale, cost of sales posted at the sale and a valuation that ties to the books. The VAT registers' quantity columns are filled as working paper while the register itself waits on the pack version that says so | Yesstock items with several valuation methods and reorder levelsT1 | Yeson the Plus and Advanced plansQ1 | Yesup to 4,000 tracked itemsX1 | Yeson Professional and aboveZ1 | Nothing missing on this row. |
| More than one currencySelling abroad or buying in dollars, with each invoice in its own currency and your books in taka. | Yesrates read nightly from the Bangladesh Bank page or entered by hand with a name on them, every foreign amount carried in taka beside it, and the difference when a rate moves posted on its own line so you can see it | Yestransactions in the base currency or any foreign currencyT2 | Yeson Essentials, Plus and AdvancedQ2 | Yeson the Established planX2 | Yeson Professional and aboveZ1 | Nothing missing on this row. |
| Bank feedsYour bank's transactions arriving in your books on their own, so you do not type them in. | Partlyimport a bank statement file and match its lines to your entries | Partlyconnected banking is listed, with no Bangladeshi bank namedT1 | Partlybank feeds in many countries, with Bangladesh not among those listedQ3 | Partlythousands of US banks, with no Bangladeshi bank namedX3 | Partlyfeeds through third parties, with no Bangladeshi bank namedZ2 | Automatic feeds from Bangladeshi banks, bKash or Nagad, which would need their own connections and are not started. The honest substitutes today: send a statement straight from your bank's page with the browser extension, or import the statement file and match its lines. The phone's card for a bank's text message is drawn in the prototype and waits for the phone app. |
| Fixed assets and depreciationMachines, vehicles and furniture losing value each year, recorded for you so your profit is right and your tax computation has the figures it needs. | Yesan asset register, a monthly depreciation run that posts to your books, and disposal with its gain or loss. These are book figures; the Income Tax Act third schedule allowance is named on the screen and not worked out for you | Partlydepreciation is entered by hand each period; the page says it is not calculated automaticallyT3 | Yesautomatic depreciation on the Advanced planQ4 | Yesan asset register with depreciationX4 | Yeson Premium and aboveZ1 | Nothing missing on this row. |
| Recurring invoices and billsRent, subscriptions and monthly customers invoiced on schedule without starting from blank each time. | Yesinvoices and bills repeat monthly, quarterly or yearly, each new one drafted on its day for you to check and never sent or posted on its own | Partlycopy last month's voucher or keep a template; the page describes no automatic scheduleT4 | Yesrecurring invoices, expenses and credit memosQ5 | Yesrepeating invoices created on a scheduleX5 | Yesrecurring invoices on every plan and recurring expenses on Standard and aboveZ1 | Nothing missing on this row. |
| Purchase ordersTelling a supplier in writing what you are ordering and at what price, then checking the goods against it. | Yesan order that posts nothing until the goods arrive, received into a bill of what actually came at the agreed prices | Yespurchase orders and receipt notesT5 | Yeson the Plus plan and aboveQ1 | Yespurchase orders with part deliveriesX1 | Yeson Professional and aboveZ1 | Nothing missing on this row. |
| Credit notesA document for a customer when goods come back or a price was wrong, so what they owe goes down on paper as well as in the books. | Yesa credit note against a sale and a debit note against a supplier bill, printed on your letterhead with the VAT adjustment and carried into the Mushak 9.1. The NBR blanks for Mushak 6.7 and 6.8 have not been read, so the note prints as your own document and says so on its face | Yescredit notes for sales returnsT6 | Yescredit memosQ5 | Yescredit notes against bills and invoicesX6 | Yescredit notes, including from an invoiceZ5 | Nothing missing on this row. |
| Bangladesh VAT forms (Mushak)Mushak are the VAT forms the NBR, Bangladesh's tax office, requires. Forms that come straight from your books save a week of copying before each deadline. | Yesthe 6.3 VAT invoice, the 6.6 withholding certificate, the monthly 9.1 return and the 6.1 and 6.2 registers all print from your books, and each sheet says on its face how ready it is | Partlyits Bangladesh help, written for the older Tally.ERP 9, sets up VAT with an 11 digit registration number; no Mushak form is describedT7 | Partlyyou can create your own tax rates; Bangladesh is not among the countries with ready tax codesQ6 | Unverifiedno Bangladesh page was found and the tax help pages did not load for us | Partlythe Global edition lets you create your own taxes; Bangladesh is not namedZ3 | Nothing missing on this row. |
| A photo of a receipt becomes a draftTaking a picture instead of typing, with the entry drafted for you to check. | Yesthe entry is drafted from the photo and waits for you to confirm it | PartlyDocs by Ira makes draft entries from invoices; it is in early access and its page speaks only of IndiaT8 | Yesdetails are read and the entry waits in For reviewQ7 | Yesdetails are read from a photo or fileX7 | Yesreceipt autoscans, with a monthly limit per planZ1 | Nothing missing on this row. |
| Nothing is ever erasedA mistake corrected in the open, with the original still visible, so nobody can quietly make money disappear. | Yesa correction reverses the entry and posts a new one; nothing is deleted | PartlyEdit Log records changes and can be switched off in TallyPrimeT9 | Noa deleted transaction cannot be restored; the audit log keeps its detailsQ8 | Partlyan invoice can be deleted or voided and stays viewableX8 | Noa deleted transaction cannot be retrieved; the audit trail names who deleted itZ4 | Nothing missing on this row. |
| Every total opens to its entriesTapping a figure to see the entries and receipts behind it, so you can check any number yourself. | Yesevery report line opens to its entries and each entry to its receipt | Yesreports open to the entries behind themT10 | Not statedthe reports help page does not describe itQ9 | Yesa figure opens the account's transactionsX9 | Yesan amount opens its drill down reportZ6 | Nothing missing on this row. |
| A phone appRecording and checking your books from the shop floor without a computer. | Partlythe web app works in a phone's browser with the camera | Partlyreports can be read from a web browser on any deviceT1 | Yesa mobile app on every paid planQ1 | YesiOS and AndroidX7 | YesiOS and Android appsZ1 | An app in the app stores and capture that waits for a signal. Today a capture needs a connection. |
| PayrollSalaries, deductions and payslips worked out from the books. | Partlystaff, their salary structures, a monthly pay run that works out the tax and prints payslips and the Schedule-1 certificate on your letterhead | Yespayroll management is listedT1 | Partlyan optional add-onQ1 | Partlyan add-on through Gusto on the US siteX10 | PartlyZoho Payroll in the USA, UAE and India; elsewhere salaries go in as journalsZ7 | The yearly salary certificate an employee asks for, the deposit number on the certificate and payslips on the phone. Until then, print each month's payslip and Schedule-1 from the run. |
Knowing how many of each item you have and what it cost, so you reorder in time and your profit counts what you actually sold.
Selling abroad or buying in dollars, with each invoice in its own currency and your books in taka.
Your bank's transactions arriving in your books on their own, so you do not type them in.
Machines, vehicles and furniture losing value each year, recorded for you so your profit is right and your tax computation has the figures it needs.
Rent, subscriptions and monthly customers invoiced on schedule without starting from blank each time.
Telling a supplier in writing what you are ordering and at what price, then checking the goods against it.
A document for a customer when goods come back or a price was wrong, so what they owe goes down on paper as well as in the books.
Mushak are the VAT forms the NBR, Bangladesh's tax office, requires. Forms that come straight from your books save a week of copying before each deadline.
Taking a picture instead of typing, with the entry drafted for you to check.
A mistake corrected in the open, with the original still visible, so nobody can quietly make money disappear.
Tapping a figure to see the entries and receipts behind it, so you can check any number yourself.
Recording and checking your books from the shop floor without a computer.
Salaries, deductions and payslips worked out from the books.
How this page is kept honest: it is built from one reviewed document each time the site is published, so it cannot say something the document does not. A line about LedgIQ is marked as here today only when the work behind it has passed its tests and its reviews.
Built differently
These are the parts of LedgIQ we could not find on any of the four companies' own pages. A line is listed as here today only once it is built and a test proves it. Anything still being built is listed as coming, however close it is.
Open any entry and one line tells you the receipt it was read from, how sure the draft was, who confirmed it and the code that seals it in the history. A draft stays marked as a draft until a person confirms it.
Each change is chained to the one before it, like numbered pages in a bound book. A check runs every night and raises an alarm if any page was altered.
Undo and correct both add a reversing entry beside the original, so the books always show what happened and when.
The VAT invoice and the withholding certificate are filled from entries you already confirmed, and each says plainly how ready it is before you rely on it.
The monthly VAT return and both account books are filled from your books, and each sheet says on its face how ready it is: the return is described from the published form and marked under review, and the registers print as working paper until the pack version says the statutory sheet may issue.
Every report, voucher, invoice and receipt for the year in one bundle, with a check that nothing in it was changed.
Hollis, the assistant in the app, answers from your own books and says which entries it counted and how, or refuses by name rather than guessing. It reads a document you ask about when the text was kept; a photographed receipt keeps its fields and not yet its words.
A right-click on a picture, a statement or a page sends it to your books with no bank or chat company in between. Built and tested; waiting for the Chrome Web Store listing.
Each phone is paired to one person, so the history says who recorded every entry from which phone. The pairing is built; the app is not in the stores yet.
Tell us which one. What customers ask for first is built first. If you want to see where a missing one stands, ask for a demo and we will show you honestly.
Sources
Every line about Tally, QuickBooks, Xero or Zoho is read off that company's own website, never a review. Features and plans change, so each source carries the day it was read. If one of them has changed, tell us and the row is corrected.