A detailed examination of Xero and QuickBooks Online
Are you struggling to choose between Xero and QuickBooks Online? Flare Compare is here to help! In this blog post, we'll take a detailed look at both accounting software options to help you make an informed decision that suits your needs.
Xero vs. QuickBooks Online: Features and Functionality
Both Xero and QuickBooks Online have a wide range of features that make them stand out from the crowd. Here are some of the key features of each software:
Xero Features
- User-friendly interface with a customizable dashboard
- Automated bank feeds and reconciliation
- Unlimited users and customer support included in all plans
- Robust inventory management and invoicing tools
- Over 800 third-party add-ons available, including payroll and time management
QuickBooks Online Features
- Easy-to-use interface with a customizable dashboard
- Automated bank feeds and reconciliation
- Scalable plans for businesses of all sizes
- Strong expense and income tracking capabilities
- Access to a mobile app and over 650 third-party add-ons
Plans and Pricing
When it comes to pricing, both Xero and QuickBooks Online have a range of plans to suit small businesses and larger enterprises. Here's a breakdown of what you can expect to pay:
Xero Plans and Pricing
- Early Plan: $11/month - limited to 5 invoices, 5 bills, and 20 bank transactions per month
- Growing Plan: $32/month - unlimited invoices, bills, and bank transactions, payroll for 5 employees, multi-currency support
- Established Plan: $62/month - unlimited invoices, bills, and bank transactions, payroll for 10 employees, multi-currency support and expense claims
QuickBooks Online Plans and Pricing
- Simple Start: $25/month - limited to 1 user, basic features
- Essentials: $40/month - up to 3 users, additional features including bill management
- Plus: $70/month - up to 5 users, advanced inventory tracking, and project profitability
Customer Support
Both Xero and QuickBooks Online have a range of customer support options available to their users, including phone and email support, knowledge bases, and community forums.
Final Thoughts
In conclusion, both Xero and QuickBooks Online are excellent accounting software options for small businesses and larger enterprises. However, Xero may be better suited for those looking for a more user-friendly interface and robust inventory management tools, while QuickBooks Online excels in expense and income tracking and scalability.
Remember to choose the software that best suits your business needs, and take advantage of the free trial offers available to test each software before making a final decision.
References
- Xero Pricing. (n.d.). Xero. https://www.xero.com/us/pricing/.
- QuickBooks Pricing. (n.d.). QuickBooks. https://quickbooks.intuit.com/pricing/.