Xero vs QuickBooks for Accounting Features, Fees, Support

quickbooks vs xero

Like QuickBooks, Xero has a function to automatically calculate sales taxes for each invoice, as well as state or city taxes. A tax default can be set for any purchase, and Xero offers an integration with Avalara TrustFile in order to help you file your returns. Xero’s software also lets you map your accounts to different categories of tax form, keeping everything organized. With QuickBooks, you can even take photos of your physical receipts, which the software automatically matches to existing expenses. Transactions can be imported from bank accounts, credit cards, or third-party services like PayPal and Square.

Mileage Tracking

Still, if your business relies heavily on other software services, Xero is a better bet then QuickBooks for making them all work together and ensuring everything is easily accessible. 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. QuickBooks Capital gives you a way to get a hassle-free small business loan.

quickbooks vs xero

To get it, you’ll just need to log in, visit Xero Central, and submit a query. You can then track its progress through a section called wave review “My cases,” which details which specialist is working on it, the current status, and expected response time. Both accounting softwares are easy to navigate, allowing you to find your required feature from a main dashboard with a sidebar. QuickBooks’ sidebar is vertical and on the left, while Xero’s is horizontal across the top, both deliver about the same user experience, and user satisfaction is high for both. Granted, this doesn’t mean Xero is the most cost-effective option for your business needs.

  1. With this tool, you can automate invoices on a recurring schedule, track income and expenses and pay multiple vendors at the same time.
  2. For more information about services provided by Live Bookkeeping, refer to the QuickBooks Terms of Service.
  3. The Xero mobile app is for Android and iOS devices is free when you sign up for a subscription.
  4. If you only send out an invoice or two each month, the Early plan is an affordable option at $15 per month.
  5. We researched both tools extensively to help you choose the right accounting software for your business.

Assisted Bookkeeping: QuickBooks Online

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. Xero only has one invoice template, and you have to download and import a packing slip template into the software. However, if you take advantage of this trial, you will not be able to receive a new user discount, so choose wisely. Join the thousands of people like you already growing their businesses and knowledge with our team of experts. We deliver timely updates, interesting insights, and exclusive promos to your inbox.

QuickBooks bank feeds

They both offer a wide range of features, an easy-to-use interface and competitive pricing. While searching for accounting software, you might also come across something called QuickBooks Online Essentials. This is a different product than the ordinary accounting software, and it’s specially designed for service-based businesses which invoice for their time. With this tool, you can automate invoices on a recurring schedule, track income and expenses and pay multiple vendors at the same time.

In contrast, all Xero plans offer unlimited users and its highest-tier Established plan is a more affordable $78 per month. Xero’s Early plan, recommended for self-employed people or brand-new businesses, allows 20 invoices per year. If you only send out an invoice or two each month, the Early plan is an affordable option at $15 per month. Otherwise, you’ll have to bump up your subscription or consider QuickBooks Online plans.

There are some workarounds, like downloading the basic invoice template, manually changing the language, and reuploading it, but there’s no easy support for multiple languages. Both services have plenty to offer, but in the end, Xero has more integrations than QuickBooks. Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve the relationship between interest rates and bond prices editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Run payroll on any device with taxes, compliance & reporting built-in. QuickBooks Online has always been a great option for small businesses.

Small to medium-sized businesses, eCommerce businesses that needs foreign transactions. Companies that deal with multiple currencies and need to add employee time in the invoice. 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. Here’s our comparison of the core features provided by Xero and QuickBooks. Both solutions performed very well in our testing, with QuickBooks earning an overall score of 4.7 out of 5 from our accounting a guide to schedule k experts, compared to Xero’s 4.5 out of 5.

Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years. She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners.

Users can also personalize their email to send invoices electronically. Free accounting software for freelancers, solopreneurs, and small businesses. Midsize to large businesses that need advanced reporting, budgeting, and invoice management. That said, both QuickBooks and Xero often offer a special entry deal for your first few months, although these deals can vary.