Holvi vs Lexware Office Comparison

Why choose Holvi

• Has a free plan (Lexware Office does not)

Why choose Lexware Office

• Lower estimated cost for 10 users: €8/mo vs €9/mo
• Higher Integration score (7/10 vs 3/10)
• Higher Compliance score (8/10 vs 6/10)

Holvi

Pros

• The free Flex plan gives sole traders an IBAN and a virtual card with no monthly fee.
• Invoicing, payment matching and receipt scanning all happen in the same app as the bank account.
• The Lite and Pro plans include accountant access for handing over the books.
• Finnish customers can add a done-for-you bookkeeping service.

Cons

• Holvi only serves Finland, Germany and Austria.
• On Flex, per-transfer fees add up quickly as volume grows.
• It is not a full double-entry accounting system and has no consolidation or forecasting.
• Some reviews on G2 and Trustpilot complain of sudden account freezes or closures.
• Currency exchange carries a 1 percent fee.

Lexware Office

Pros

• Users on OMR Reviews and testers on Experte.de describe receipt scanning and bank matching as fast and easy to set up.
• Creates ZUGFeRD and XRechnung e-invoices and files VAT returns directly to ELSTER.
• Every plan can be cancelled monthly, and users are unlimited according to Für-Gründer.
• Tax advisor access and DATEV export make it easy to hand the books to an accountant.
• An optional payroll add-on handles social security and tax filings for up to 50 employees.

Cons

• Invoices can only be issued in euros.
• Cannot manage several companies, and has no approval workflow and no cost-centre reporting.
• Bookkeeping and VAT returns need the L plan, and recurring features need higher tiers.
• Users report bank connections that drop and support that is hard to reach by phone.
• There is no postal invoice sending and no built-in time tracking.