QuickBooks Online vs Xero 2024 Comparison

You can simply download the free Xero Projects app on iOS and Android, using it to record time and costs, as well as seamlessly and automatically feed the data into invoices and reports. This is because QuickBooks offers an add-on specifically for time tracking, starting at $20 per month (plus $8 per user), while Xero bundles time tracking with its main service. QuickBooks and Xero both offer a lot of features, including all the core abilities that make these two options the best small business accounting software around. As with QuickBooks, you can use Xero to generate custom branded invoices, send client payment reminders, and view invoice payment status. Other shared features include recurring invoices, one-click client payments and mobile invoicing. We found all these features to be user-friendly in Xero, and we were happy that they are available to all users.

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If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support. 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. In sharp contrast with QuickBooks’ extensive language support, Xero does not offer support for languages other than English. 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. Here’s our comparison of the core features provided by Xero and QuickBooks.

1. As with QuickBooks, you can use Xero to generate custom branded invoices, send client payment reminders, and view invoice payment status.
2. Depending on the plan you select, QuickBooks Online’s monthly prices run from $30 for the Simple Start plan to $200 for the Advanced plan.
3. Xero is also ideal if you’re seeking accounting software that grows with you.
4. Both offer great accounting features and integrations, but which one is better for small businesses?

Advanced

You will receive an email message with instructions on how to reset your password. For more information, see our full Xero accounting review what are functional expenses a guide to nonprofit accounting as well our list of the top Xero accounting alternatives. 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.

Integrate Xero or Quickbooks with Wise Business and start saving money on international payments

We like that the latter feature, which isn’t common in accounting software, boosts cash flow for businesses operating on estimates. QuickBooks Online is the winner in 25 intriguing facts about the state of female entrepreneurship this category because of its many features that Xero lacks. This includes the ability to accept payments, view reports, and assign expenses to customers or projects. However, both mobile apps let you send invoices, capture receipts, enter bill payments, and categorize expenses in the bank feed.

Unlimited users for a low cost

The biggest downside of Xero’s customer service is that there is no phone support available. Email support is available, but it may take up to one day to receive a response to your inquiry. There are other ways to get the help you need fast, including the Xero Central help center, Xero TV videos, and in-software help.

QuickBooks Online takes the advantage when it comes to invoicing, offering six customizable invoice templates (compared to just one offered by Xero). It also offers mileage tracking, tax support, and (for a fee) bookkeeping services, which you won’t find with Xero. Xero also stands out for its strong security, which is pretty much unmatched in the industry. Xero also has one of the strongest contact management features in the game. This cloud-based solution also supports cash-basis and accrual accounting methods and uses double-entry accounting.

In today’s fast-evolving digital landscape, e-commerce is quickly transforming the ways consumers shop and how businesses operate worldwide. Plus, you top 20 accounting interview questions with answers can import up to 12 months of transactions when you first use Xero, so you’re not starting from scratch. Both Xero and Quickbooks integrated with Wise which means that you can use your Wise multi-currency account to automate international transactions and sync them to your accounting records. In this guide, we’ll compare Xero and QuickBooks head to head, looking at the pros and cons, features, fees and much more. While both are very similar, these two products have exclusive benefits that set them apart.