The Problem
Why the current approach doesn't work
You're Paying Xero for Clients That Don't Need It
FINNZ manages approximately 1,500 entities. Many of these are trusts, holding companies, and other low-activity structures with 10-50 transactions per year. These entities don't need full accounting software—they need a ledger.
| Xero Tier | Per Month | Per Year | Entities | Annual Cost |
|---|---|---|---|---|
| Ledger (Platinum rate) | $4.50 | $54 | 750 | $40,500 |
| Ignite (Platinum rate) | $24.50 | $294 | 750 | $220,500 |
| Total Xero Spend | $261,000 | |||
Your current monthly Xero bill for these entities
$21,750
Every month. For systems you open once a year.
The Spreadsheet Alternative is Worse
Some practices try to save money by managing low-activity entities in spreadsheets. This creates its own problems:
Version Control Chaos
Which version is current? Who made changes? When?
No Audit Trail
No record of who did what. Compliance nightmare.
Knowledge Loss
Staff leave, taking institutional knowledge with them.
No Visibility
Can't see progress across the practice at a glance.
The Solution: LiteBooks
LiteBooks is purpose-built annual accounts software for accountants managing low-activity entities. It's the opposite of Xero—built specifically for accountants to use as their tool, not to replace them.
$29
per entity/year
85%
cheaper than Xero
$25K
one-time build
What LiteBooks Includes:
Note: No bank feeds. This is intentional—low-activity entities don't need them.