Shopify Accounting Apps QuickBooks vs. Xero
When it comes to managing your Shopify store's accounting, having the right software can make all the difference. With so many options available, it can be difficult to decide which one is the best fit for your business. That's why we are comparing the two most popular accounting software for Shopify merchants - QuickBooks and Xero.
QuickBooks
QuickBooks is one of the most recognizable names in accounting software, and for good reason. It's been a trusted name in the industry for over 20 years, and it's compatible with a vast array of other software and tools.
Features
QuickBooks offers a large number of features that can help you manage your business's finances. It offers customized invoices, multiple payment options, and detailed sales and expense tracking. QuickBooks is tailored to small businesses and offers an intuitive dashboard with detailed reports to provide the information most relevant to your business.
Pricing
QuickBooks offers a range of pricing plans, starting at $20/month for its Simple Start plan, which is designed for small businesses. If you need more advanced features or have a larger business, there are other plans available, such as the Essentials plan for $40/month or the Plus plan for $70/month.
Xero
Xero is another popular accounting software for Shopify merchants. It's newer than QuickBooks but has quickly gained a reputation for providing excellent features at a competitive price.
Features
Xero offers features such as inventory tracking, multiple payment options, and a mobile app to manage your finances on the go. It integrates with over 800 third-party apps, and its dashboard provides a comprehensive overview of your business's financial health.
Pricing
Xero's pricing starts at $11/month for the Early plan, which includes all the essential features for small businesses. The Growing plan is more advanced and costs $32/month, and the Established plan is designed for larger businesses and costs $62/month.
Comparison
| QuickBooks | Xero | |
|---|---|---|
| Starting Price | $20/month | $11/month |
| Features | Customizable invoices, detailed sales and expense tracking | Inventory tracking, mobile app, integration with 800+ third-party apps |
| Dashboard | Intuitive with detailed reports | Comprehensive overview of financial health |
| Reputation | Long-standing, trusted brand | Quickly gained a reputation for providing excellent features |
| Customer Support | Offers phone and chat support | Offers email support |
| User-Friendliness | More straightforward and simple to use | Has a steeper learning curve |
Conclusion
Both QuickBooks and Xero are excellent accounting software options for Shopify merchants. Ultimately, the decision comes down to which features are most important to your business and how much you're willing to spend. QuickBooks is a long-standing, trusted brand with excellent customer support and an intuitive interface, while Xero provides a growing reputation for comprehensive features at a competitive price.
At Flare Compare, we aim to provide unbiased comparisons and factual information to help you make the best decision for your business.
References
- "QuickBooks Pricing & Free Trial." QuickBooks, Intuit, 2021, https://quickbooks.intuit.com/pricing/.
- "Xero Pricing." Xero, Xero Limited, 2021, https://www.xero.com/us/pricing/.
- "Xero Integrations." Xero, Xero Limited, 2021, https://www.xero.com/us/app-marketplace/.