QuickBooks vs Xero 2024: Which Software Is Better for You?

Both solutions performed very well in our testing, with QuickBooks earning an overall score of 4.7 out of 5 from our accounting experts, compared to Xero’s 4.5 out of 5. These are the two highest scores our research team gave any accounting solutions. 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.

Accountant familiarity

It offers plenty of customization options, which can be a great deal for those wanting to present and maintain a professional brand image. On the other hand, Xero lets you add your company logo and edit fields, but you can’t change the how much to charge for bookkeeping invoice colors. We declared this category a tie because Xero and QuickBooks Online aced it.

Mobile App Functionality: QuickBooks Online Wins

All QuickBooks pricing packages include automatic expense importing and categorization. You can also take photos of receipts and upload them from the mobile app. QuickBooks will automatically match receipts to recorded expenses or generate new expenses accordingly.

Fit Small Business Case Study

QuickBooks offers a more integrated suite of features compared to Xero. With features like automatic expense tracking, a user-friendly interface, and extensive reporting options, QuickBooks aims to streamline financial management for small businesses. It’s particularly well-suited for businesses who prioritize an all-in-one solution. The QuickBooks Advanced plan costs $200 per month, supporting 25 users. This takes into account customer management, revenue recognition, invoice management, and collections. QuickBooks offers integrations with 400 plus apps and software tools to increase the functionality of your software plan.

1. As with QuickBooks, you can use Xero to generate custom branded invoices, send client payment reminders, and view invoice payment status.
2. We deliver timely updates, interesting insights, and exclusive promos to your inbox.
3. There are a handful of differences between the features of QuickBooks Online and Xero.
4. Like most platforms, you can also use QuickBooks to view invoice payment status and remind clients to pay their bills.

You will receive an email message with instructions on how to reset your password. For more information, see our full Xero accounting review as well our list of accounting for research and development the top Xero accounting alternatives.

We are driven by the Fit Small Business mission to provide you with the best answers to your small business questions—allowing you to choose the right accounting solution for your needs. Our meticulous evaluation process makes us a trustworthy source for accounting software insights. We don’t just scratch the surface; we immerse ourselves in every platform we review by exploring the features down to the finest nuances. Explore our list of accounting software solutions or request a free consultation with one of our software experts. And if you find that neither company meets your needs, you may be better off with one of our top accounting software picks for small businesses. Both Xero and QuickBooks Online have troubles when it comes to customer service.

They’ll help you reconcile your bank and credit card statements and prepare monthly reports. Xero has a slight edge in this category due to its ability to create a sales tax return and pay sales tax liability with either a check or electronically. While neither provider allows you to file a sales tax return, Xero’s features allow for more accessibility when it comes to sales taxes.

Neither Xero nor QuickBooks Online is lacking when it comes to features. Both have basic accounting features, including invoices, estimates, bank reconciliation, expense tracking, and journal entries. With both programs, advanced features like time tracking and inventory management are available on select plans. QuickBooks is the leading accounting software for small businesses, designed to simplify financial management and empower growth. With a user-friendly interface and a comprehensive suite of tools, QuickBooks streamlines tasks like invoicing, expense tracking, and reporting, giving product costing in 7 easy steps blog for manufacturers and distributors you a clear picture of your financial health. From automating payments to managing payroll, QuickBooks offers a scalable solution that can adapt to your business needs.