Perhaps you’ve read our accounting software reviews but remain confused about which of these two, popular accounting tools is right for you. Both Xero and QuickBooks Online are optimized for small to mid-sized businesses, so large enterprises with more complex requirements may struggle to tick all of their boxes. Unlike QuickBooks, Xero users do not have any phone support options.
It is important that you export reports from Xero and save them in a safe location even after the conversion is done for the tax or financial audits. A conversion project can take as little as a few days to a few weeks depending on the required effort for pre and post conversion. The processing time from Dataswitcher’s conversion wizard spans from a few minutes to several hours depending on the amount of the data received.
Xero customizable invoicing
Both services are available on all the most common devices and browsers. Here’s our comparison of the core features provided by Xero and QuickBooks. If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support.
Track mileage, send invoices and get a snapshot of your business cash flow with both Xero and QuickBooks. While Xero’s lowest-tiered plan allows you to send and approve up to 20 invoices, partner apps that initiate transactions can automatically contribute to your limit. One of the advantages of using Xero is that it can save businesses time and money. With Xero, businesses can eliminate the need for paper records and reduce accounting fees.
What is QuickBooks Online?
For over a decade, she’s helped small business owners make money online. When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel. Xero and QuickBooks have similar pricing, except when it comes to QuickBooks what are outstanding checks Desktop. The Desktop plan offered by QuickBooks starts at $349.99 per year, goes up to $804 for your first year and renews at $1,340 per year. Save time, money, and your sanity when you let ReliaBills handle your bill collection, invoicing, reminders, and automation..
A 50% discount will be applied to the above prices for the first two months. You can enter as much or as little information as you need, and simply add the rest when it’s necessary. You may never need to call support, but it’s nice to know it’s an option. All of these things can cause extreme frustration, and you’ll need the assistance of product support to solve these problems. User preference can play a role in which style you prefer, but generally, the more self-explanatory a central navigation screen is, the easier it is for new users to find their way around.
When to choose QuickBooks Online
If you just want to get started and add things as you go, Xero may not be for you. An important though often overlooked component of any software product is how easy it is to use. QuickBooks Online is rated 4.2 out of 5 on Capterra by 3520 users, while Xero has an average of 4.3 from 1880 users. Plus, Xero staffers can call people back to discuss their cases over the phone, giving you that phone support you need, albeit in a roundabout way. QuickBooks works on Windows PCs, Macs, and major browsers including Mozilla Firefox, Google Chrome, and Microsoft Edge. If you have Windows, you’ll need to be running Windows 7 or newer, with at least 4GBs of RAM and a processor comparable to the Intel Core i5.
- In addition, it enables you to see all the due bills for payments to stay on top of the cash flow.
- The platform makes it extraordinarily easy to review and pay outstanding bills.
- Scheduling payments is an excellent way to avoid late fees, keep up with purchase orders, and keep your finances in top shape.
- Xero and QuickBooks Online both offer a ton of features all designed for small business owners.
- Once the invoice is completed, you can send it via email with online bill payment options included in the email.
QuickBooks Online provides real-time data, reports, and dashboards. The solution’s comprehensive and user-friendly invoicing and reporting features impressed us. Along with essential invoicing features, you get access to the vast QuickBooks network — if your clients use QuickBooks, transactions are especially easy. QuickBooks also includes over two dozen prebuilt reports; custom report functionality is available in the highest tier. We like how much power QuickBooks gives you over your monetary data.
Xero vs QuickBooks / QuickBooks Online: Ultimate QuickBooks vs Xero (QuickBooks alternative) Faceoff
QuickBooks comes with free access to a searchable knowledge base, guides, videos, articles and the QuickBooks Assistant chatbot. Formal training classes are also available through QuickBooks; these cost $599.95 for your first attendee and $250 for additional participants. QuickBooks Advanced also includes on-demand training at no additional cost.
With QuickBooks, you must reimburse employees outside the platform. However, Xero is missing some of our favorite QuickBooks expense-tracking features, such as cash flow statements. QuickBooks and Xero are among the best accounting software platforms for small businesses. Yes, QuickBooks’ accounting tools do come in a little higher in overall pricing, but the plan options are more flexible and offer more features than Xero’s plans. The Accounting category in Xero is where you’ll handle all of your banking transactions, as well as manage your chart of accounts and financial statements. The Projects category lets you manage any projects and record time spent using the time tracking feature.
We recommend trying both tools for free for 30 days before settling for one. If neither tool meets your needs, we welcome you to explore our comprehensive reviews of the best payroll software for small businesses or our top-rated payroll software for enterprises. For this category, we rank Xero first due to its free 24/7 online customer support across all its plans. QuickBooks’ customers with issues may have to wait for business hours to get a resolution.
If you are a business owner and often speak with accountants, you also must learn these terms for fruitful communication. QuickBooks is highly user-friendly, so even if you’re not yet familiar with accounting basics, your learning curve shouldn’t be too steep. Xero is considered a top QuickBooks alternative because of its comparable core features and budget-friendly pricing. Xero uses a very structured setup process, which is great for those who like to have everything in place prior to starting work. Xero is the winner in this category, offering more than 700 apps that can connect with its core application.