Xero vs QuickBooks for Accounting Features, Fees, Support

quickbooks vs xero

The software must have enough reports that can be generated with a few clicks. Moreover, we’d also like to see customization options to enable users to generate reports based on what they want to see. Another notable difference is that QuickBooks Online lets you upload your file of transactions, so you aren’t required to connect your bank account.

This seamless integration saves time, ensures accuracy, and eliminates manual errors. With QuickBooks, you’ll get expert help from real people through phone and live chat six days a week. Our specialists are here to support you with every part of your QuickBooks journey, from the initial switch to onboarding. QuickBooks’ user-friendly interface makes navigating your finances a breeze, even if you’re not an accounting expert. The layout and simple design ensure that you can find what you need quickly and efficiently.

Inventory

  1. Both solutions performed very well in our testing, with QuickBooks earning an overall score of 4.7 out of 5 from our accounting experts, compared to Xero’s 4.5 out of 5.
  2. And if you need assistance, QuickBooks offers robust live customer support to help you along the way.
  3. The Enterprise Desktop plan offered by QuickBooks starts at $1,922 per year.
  4. You might prefer QuickBooks for invoicing and A/R management, and it earned a perfect mark in this category.
  5. First launched in 2001³, QuickBooks Online is a cloud-based accounting service from Intuit with a monthly subscription plan.

Once your bookkeeper receives all the necessary documentation, they’ll typically complete your cleanup within 30 days. In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books. Seamlessly connect QuickBooks to your favorite apps and tools, creating a unified hub for your business operations.

Overview of all products

QuickBooks Online is an industry standard with more than 5 million users worldwide. If you count QuickBooks Desktop users, that number rises to 8 million. With more than 3 million enterprise users worldwide, Xero is popular but not as ubiquitous as QuickBooks Online. All plans include 24/7 live chat support; phone support is available 5 a.m.

Service or project-based businesses should choose accounting software that can track project costs, revenues, and profits. The software must have tools to track time, record billable hours or expenses, send invoices for progress billings, or monitor project progress and performance. Plans start at $15 per month for up to 20 invoices, five bills, bank account reconciliation, receipt capture and short-term cash flow snapshots. Its $78-per-month plan also includes multiple currencies, project tracking, in-depth analytics and employee expense claims.

Explore additional comparisons

Xero best suits medium to large businesses but works for all businesses. In addition, Xero has a far more user-friendly interface than QuickBooks, so its ease of use makes it the perfect choice for the self-employed and those with less accounting experience. Both QuickBooks Online and Xero are good accounting solutions, but the right software is going to depend on your company’s budget and feature needs. Through QBO, you can prepare and print W-2s for your employees and 1099-MISCs for your contractors. QuickBooks Live Tax also gives you access to expert tax advice, maximum tax deductions, and tax filing through TurboTax (pay only when you file).

quickbooks vs xero

Xero comes out on top for its support of unlimited users at no additional cost — something that is pretty much unheard of in the accounting software world. All of the QuickBooks plans allow you to create unlimited invoices and quotes and customize them to reflect your company branding. QuickBooks also allows you to accept payments from debit or credit cards, as well as ACH payments, Apple Pay, PayPal and Venmo.