QuickBooks Online came out on top for several features, ease of use, and customer support among others, but Xero wins in pricing. We’ll explain our Xero vs QuickBooks comparison findings in greater detail in the following sections. A Live Bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting. 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.
For more information, see the definition and formula of social security tax our full Xero accounting review as well our list of the top Xero accounting alternatives. Includes tools that help automate the reconciliation process, along with a global search function and customizable dashboard; has a simple layout. Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
User Reviews: Tie
However, other popular systems, like Xero, could be the better choice for running your business. We also have dedicated articles and solutions online from our Customer Experience team to support your transition. Try Xero, and you’ll see why millions of small businesses choose our QuickBooks alternative. And if you’re looking for more expert advice on running your business, find an advisor through the Xero Advisor Directory.
Tax Tools
Xero vastly outperforms QuickBooks in its fixed asset management tools. With QuickBooks, you can record the purchase of a fixed asset, but with Xero, you can track fixed assets, calculate and track their depreciation, and much more. Xero also offers stronger tools for tracking project profitability, giving you access to real-time reports. Additionally, Xero is a better choice for international businesses needing multicurrency support.
Features
Xero does not have its own in-house payroll software, but it does integrate with Gusto. Here’s a full breakdown of the main features of Xero and QuickBooks Online. 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. Both services are available on all the most common devices and browsers. You will receive an email message with instructions on how to reset your password.
Xero has over 1,000 integrations, so you can connect with other software and apps to manage inventory, process payments, track time, and more. Both Xero and QuickBooks Online include invoicing, but there are a few reasons why QBO has the edge. Xero’s Growing and Established plans have unlimited invoicing, while the Early plan caps users at 20 invoices per month. While Xero supports unlimited users on all plans, QuickBooks Online only supports up to 25 — and this is only available on the most expensive management accounting plan. However, the software itself is difficult to learn if you don’t have prior accounting experience, so it isn’t the best choice for beginners.
- QuickBooks Online also has advanced accounting features you won’t find with some of its competitors.
- You can get your bank data into Xero from over 21,000 financial institutions globally.
- QuickBooks has a wide network of banking partners, making it easy to securely import your bank feeds from a variety of banks and credit card companies.
- Compare the features, pricing plans, and add-ons available with both QuickBooks and Xero to find the best accounting solution for your business.
- The Bank Balance should ideally be pulled straight from the bank, therefore Xero’s Bank Feed features aren’t as appealing as QuickBooks Online’s.
Explore additional comparisons
Additionally, both software provide online support, but QuickBooks excels by offering phone customer support as well. Standard phone support is available Monday through Friday, 9 AM to 8 PM EST, and 24/7 with the QuickBooks Online Advanced plan. Xero is cloud-based accounting software that supports cash-basis and accrual accounting. Xero has a robust set of features, an impressive number of what does a positive cash flow mean integrations, and strong mobile apps for accounting on the go. This makes it the best accounting software we’ve researched and helped it to edge out Xero in this round. The QuickBooks Advanced plan costs $200 per month, supporting 25 users.
