Xero vs QuickBooks - A Complete Comparison

Posted by Linda on November 29th, 2019

Xero is a cloud-based accounting software designed for small and medium-sized- businesses. Xero is the New Zealand-based company and it is the competitor of QuickBooks. It provides access for infinite users, provides more than 700 integrations. On the other hand, QuickBooks is the accounting industry leader and known for providing advanced accounting features. The software is perfect for small and growing businesses. The tool offers 550+ integrations redefined invoicing and many more interesting features to its users. After collecting the basic information of the accounting software, it is must to know their usage and differences between Xero vs QuickBooks.

Use of Xero

It is a perfect option for business owners who have less knowledge about accounting and want to manage their finances. It has an organized and clean interface. Xero is powerful, simple, and user-friendly for its users.

Use of QuickBooks Online

It is a perfect fit for small and growing businesses. The accounting software is helpful to handle invoices, pay bills to the customers, tax filing, and generate reports for planning, and so on.

Now, let’s discuss the differences between QuickBooks vs Xero and discover the different strengths of each. Also, figure out which software is meeting according to your business work.

Differences Between Xero vs QuickBooks

Differentiation between QuickBooks Online vs Xero makes your decision easier in opting for the right software for business purposes. The comparison is given on the basis of pricing, ease of use, accounting, budgeting and forecasting, technical support, and pricing.

• Accounting

QuickBooks Online and Xero proffer strong accounting services to the customers. Along with this, both tools have great accounting features accounts payable, comprising bank reconciliation, and allows them to make accounting reports.

• Ease of Use

Xero software becomes easy to use once you are familiar with the software. The setup of the software can be moderately intensive. On the other hand, QuickBooks Online is certainly easier to use. It provides a well-organized User Interface which makes it easy to get used to the software.

• Budgeting & Forecasting

Xero doesn’t offer budgeting and forecasting features in their pricing plans. In online, this particular feature is available in the top tier plan. This feature helps you in creating income and expense budgets also create budgets for a definite job or customer.

• Pricing

Here, let’s discuss the pricing levels of both the accounting software:

Xero provides three pricing levels:

• Early-/user per month
• Growing-/user per month
• Established - /user per month

QuickBooks Online offers four plan choices:

• Simple Start-$ 8 per month
• Essentials- per month
• Plus - per month
• Advanced — per month

• Technical Support

Xero provides 24/7 technical support throughout the year to the customers. Whereas, QuickBooks Online provides technical support on Weekdays from 6 am – 6 pm (Pacific Standard Time) and Saturday from 6 am – 3 pm PST. Most importantly, Xero has got a super-fast reply time in comparison to online. Hopefully, with these differentiation points have given you a more clear view of Xero as well as QuickBooks software’s feature. You need to assess your accounting needs and consider different factors during the selection process.

Conclusion

After having extensive research between the two software i.e. Xero vs QuickBooks online, you can choose the software as per your business requirements. Moreover, the differentiation has given you a crystal-clear view of software in a comprehensive manner.

If you want to know more about Xero vs QuickBooks, then you can dial our Support Phone Number 1-877-263-2742.

Reference Source: https://medium.com/@johntrump524/xero-vs-quickbooks-a-complete-comparison-e8b135197402