We were delighted that Xero makes it so simple to keep up on your accounts payable and avoid late payment fees. Beyond built-in integrations, QuickBooks offers more than 750 connections with other platforms — a quantity that impressed us. Some of QuickBooks’ most popular app integrations include the payment app BILL, the line of credit solution Fundbox, and the customer deposit definition expense management platform Expensify.
- Xero also has one of the strongest contact management features in the game.
- The software must have bank integrations to automatically feed bank or card transactions.
- Xero also stands out for its strong security, which is pretty much unmatched in the industry.
- As part of that, we recommend products and services for their success.
- Intuit offers prospective users a free 30-day trial and generous discounts on their monthly subscriptions.
Since Xero no longer has built-in payroll, its tax support is limited only to sales tax. Xero best suits medium to large businesses but works for all businesses. QuickBooks and Xero include many of the same features, though QuickBooks is more feature-rich overall.
Intuit offers prospective users a free 30-day trial and generous discounts on their monthly subscriptions. Go to their website for a full breakdown of Quickbooks pricing and deals. Despite not offering unlimited invoices and bills in its base plan, Xero accounting to the wave software is a more scalable solution than QuickBooks in terms of the number of users it supports. Xero supports unlimited users with all its subscription plans, while QuickBooks allows only up to 40 users with its highest-tiered plan.
Accounting software that means business
On the other hand, Quickbooks is a favorite small business accounting software for companies that need to be able to outsource their bookkeeping to a hired accountant. Unlike QuickBooks, Xero supports unlimited users and organizations for all accounts. It also offers a 30-day free trial so you can test drive the software before committing to a paid plan. However, Xero provides the unique ability to reimburse employee expenses, including mileage reimbursement.
Xero VS QuickBooks Online: Pricing Comparison
The A/P section focuses on vendor management, bill management, bill payments, and other payable-related transactions. A/P features include difference between cost center and profit center creating vendors and bills, recording purchase orders and converting them to bills, creating service items, and recording full or partial bill payments. They’ll help you reconcile your bank and credit card statements and prepare monthly reports. While it’s not part of our case study, we evaluated Xero vs QuickBooks Online in terms of assisted bookkeeping.
Bill Pay
FreshBooks can be a good option for freelancers and contractors looking for an affordable, simple accounting software. There’s time tracking in all plans and phone support is available from 8 a.m. The first two plan tiers put a limit on billable clients, but not on invoices. QuickBooks is a popular accounting software used by small businesses, solopreneurs and freelancers. The software helps users to keep track of their finances, customers and vendors. QuickBooks is available both online and via desktop and is ideal for businesses that outsource their accounting tasks to a bookkeeper or accountant.
Plans to suit your business
You can easily calculate pay and deductions with Gusto, saving you the difficult sums. See cash flow at a glance, customize reports, and track profitability in real time. QuickBooks Capital gives you a way to get a hassle-free small business loan. You can apply right within the software, and your financial information is used to determine if you qualify and the amount you can receive. QuickBooks Online offers much better invoicing with multiple templates to choose from as well as built-in packing slips.
That said, Xero’s bill pay tools outperform those in QuickBooks at lower prices than QuickBooks’ two highest-end pricing packages. 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 Online has always been a great option for small businesses. With the addition of the Advanced plan, QBO is a good choice for larger businesses, as well. If you don’t want to handle your books yourself, you can sign up for QuickBooks Live Bookkeeping.