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Yes, both Xero and Microsoft Excel offer a Free Trial.
Xero is designed for Freelancers, Medium Business and Small Business.
Microsoft Excel is designed for Individuals, Large Enterprises, Medium Business and Small Business.
The starting price of Microsoft Excel begins at $5, while pricing details for Xero are unavailable.
Some top alternatives to Xero includes Quickbooks, Sage Accounting (Sage One), Zoho Books, Zoho Daybook, QuickFile, Sage Business Cloud Accounting, MYOB, QuickBooks Desktop Pro, QuickBooks Online Advanced and Sage 50cloud Accounting.
Some top alternatives to Microsoft Excel includes SpreadsheetWEB, Apple Numbers, Zoho Sheet, Google Sheets, Retable, Rows, LibreOffice, iWork and Sheet2APi.