Compare Karbon and FYI Docs

FYI Docs and Karbon are both built for the accounting industry but they serve different purposes.

FYI Docs is a document management platform that has bolted on practice management features like job and workflow management, client management, jobs and time, and collaboration. Because of that, it has strong document management capabilities, but its practice management features generally feel premature and underdeveloped.

Plus, FYI Docs has two restrictive prerequisites—you must have subscriptions to Microsoft Business Standard and Xero to sign up.

Karbon, on the other hand, is a comprehensive accounting practice management platform that helps firms manage all aspects of their business, regardless of their office or accounting software.

Karbon brings your team, clients, systems, and data together in one place. And it integrates with your favourite apps like Xero Practice Manager, QuickBooks Online Accountant, Microsoft OneDrive, Ignition, Zapier and more. Compared to FYI Docs, Karbon is a much more open and connected platform that works for most accounting, tax, and bookkeeping firms.

FYI Docs has two restrictive prerequisites—you must have subscriptions to Microsoft Business Standard and Xero to use it.

Because it’s first and foremost a document management system, it is deeply integrated with Microsoft OneDrive and Office products. And FYI Docs’ workflow automations are heavily dependent on its XPM integration. If your firm doesn’t use Microsoft or XPM, you won’t be able to reap FYI Docs’ full benefits.

• Teams using Karbon save 16.5 hours per employee each week, on average.
• Productivity per employee increases by 18%.
• 9 out of 10 customers say Karbon beats all competitive products for workflow management.

Karbon has three pricing plans: Team, Business, and Enterprise.

FYI Docs has three pricing plans: Starter, Intermediate, and Pro

The cost breakdown for each plan is below:

• Starter: $10 AUD/month, per user
• Intermediate: $30 AUD/month, per user
• Pro: $50 AUD/month, per user

All 3 plans require a minimum of 3 users

Karbon is evolving rapidly with dozens of new features added every year and product updates released every few weeks. Karbon’s product roadmap is shaped by customers and it continues to improve based on customer suggestions and feedback.

Karbon was co-founded by accounting software veterans from Australia and has deep roots in the Australian and New Zealand accounting community. As a customer from the APAC region, you will receive dedicated customer support from a local customer success manager. And you’ll have access to best-in-class customer resources at a global scale.