Mercury vs Money Forward Cloud

Mercury's base banking tier is free and includes ACH payments, domestic wire transfers, real-time payments, Bill Pay, and QuickBooks/Xero automations at no monthly cost.

Not realistically on your own. The interface, support and the tax concepts themselves are Japanese. Companies that succeed with it have a bilingual bookkeeper or an English speaking tax accountant operating it.

Mercury Plus costs $29.90 per month and adds invoice ACH debits, recurring invoice capabilities, invoicing API with 500 calls per month, unlimited 1099 filings, and access to partner benefits.

Yes. Capturing and validating supplier registration numbers and retaining invoices in the required form is one of the main reasons Japanese companies moved to it around the 2023 introduction.

No, Mercury states there are no minimum account balance requirements, overdraft fees, required monthly fees, or account opening fees. The free tier includes essential business banking, with paid tiers available for additional features.

Both are Japanese cloud suites covering similar ground. freee is often described as easier for non accountants, Money Forward as closer to conventional bookkeeping and preferred by many tax accountants. The practical tiebreaker is which one your accountant already uses.

The suite supports the bookkeeping and much of the preparation, and there are filing oriented products in the family, but Japanese corporate tax filing is normally done by a licensed tax accountant. Treat it as the record keeping layer, not the filer.

No, not as an accounting system. Its value is the Japanese tax and filing logic, and none of that applies elsewhere.

Payroll is a separate module with its own subscription and a per employee element, as are attendance and expenses. Price the whole stack for your headcount rather than the accounting plan alone.