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For companies that need more than the standard Xero and QBO reporting can offer, they can make use of add-ons and integrations with both apps. Xero does add more customization in places, but is a little more clumsy with its reports. QBO has the advantage of more time on the market to evolve to their customers’ precise needs and user flows.
You can connect your bank account during the trial period to make sure it’s working 100%. QuickBooks and Xero both have excellent dashboards that give you an easy glimpse of all of your main business metrics after logging in. Your best option here will probably come down to the user interface you enjoy using most. QuickBooks has been in the market for longer than Xero, is very well-developed, and is generally loved by accountants – especially in the US market, which QBO has dominated.
This could be a real shortcoming for small online retail businesses, for instance, that need to keep track of their products and the materials used to make them. All of Xero’s plans come with inventory management so business owners can track what’s in stock and which products are selling. Xero and QuickBooks Online are both powerful accounting software solutions for small businesses. However, when you compare features, QuickBooks Online inches ahead for its stronger feature set, ease of sharing with accountants and customer support.
From CRM systems to payment processors, QuickBooks integrates with a wide range of popular platforms, saving you time and effort. With QuickBooks, you’ll get expert help from real people through phone and live chat six days a week. Our specialists are here to support you with every part of your QuickBooks journey, from the initial switch to onboarding.
Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor). You can send invoices and quotes, enter bills and reconcile bank transactions for $30/month. If snapping photos of receipts to claim expenses on the go is a key mobile feature you’d like to have, regardless of plan level, QuickBooks Online might be a better fit. Ease of use gets the highest weight in this case study because we want to give more credit to easy accounting software. For this section, we considered customer service, support network, and a subjective expert opinion score.
Read our 2024 Xero review to find out if it’s the right solution for your business. QuickBooks also offers Payroll, but this service is an additional fee starting at $45 to $125 per month. Accountants praise Xero’s automatic bank feeds, usability, and simplified payroll.
We’ll explain our Xero vs QuickBooks comparison findings in greater detail in the following sections. All of your bank and credit card transactions automatically sync to QuickBooks to help you seamlessly track your income and expenses. Seamlessly connect 5 cash flow performance kpis every cfo needs to track QuickBooks to your favorite apps and tools, creating a unified hub for your business operations.
Second, QuickBooks offers some features that Xero doesn’t have, like document scanning. That said, Xero has a lower price point, starting at $13 per month, compared to QuickBooks’ $30 per month starting cost, and Xero offers more integrations than QuickBooks as well. If you can’t justify the $99-per-month QuickBooks Online Plus plan, you won’t get inventory management, because QuickBooks Online’s lower-tier plans don’t come with it.