Introduction
As a small business owner or accountant, you need accounting software that is robust and easy to use, that's where QuickBooks and Xero come in. These two productivity software are among the most popular accounting software for small businesses, but which one should you choose? In this post, we'll compare QuickBooks and Xero in terms of features, pricing, and usability to help you make an informed decision.
Features
Both QuickBooks and Xero offer a range of features that make accounting easier for small businesses. QuickBooks includes features such as invoice creation, estimate creation, and the ability to accept online payments. Xero, on the other hand, has features like bill payment, inventory management, and project management.
QuickBooks is a popular choice for small businesses that need accounting software with a simple and user-friendly interface. Xero is best for small businesses that need more advanced accounting features but with a steeper learning curve.
QuickBooks Features:
- Invoicing and estimate creation
- Accept payments online
- Expense tracking
- Time tracking
- Bank reconciliation
- Inventory tracking
- 24/7 support
Xero Features:
- Bill payment
- Inventory management
- Project management
- Expense tracking
- Time tracking
- Bank reconciliation
- Collaborative environment
Pricing
When it comes to pricing, both QuickBooks and Xero offer a range of plans to suit the budgets of small businesses. For QuickBooks, there are four different pricing plans: Self-Employed, Simple Start, Essentials, and Plus. Xero, on the other hand, has three pricing plans: Early, Growing, and Established.
QuickBooks Pricing:
- Self-Employed: $15/month
- Simple Start: $25/month
- Essentials: $40/month
- Plus: $70/month
Xero Pricing:
- Early: $9/month
- Growing: $30/month
- Established: $60/month
Usability
Both QuickBooks and Xero are cloud-based, which means that you can access your financials from anywhere with an internet connection. Both are user-friendly and easy to set up.
QuickBooks is known for its simple and intuitive interface, making it easy for small business owners to use without prior accounting experience. Xero, on the other hand, has a steeper learning curve but offers more advanced features for experienced users.
Conclusion
QuickBooks and Xero are both great accounting software for small businesses. QuickBooks is user-friendly and easy to use, making it a good choice for small business owners with little or no accounting experience. Xero, on the other hand, is more advanced and has a steeper learning curve, making it a good choice for businesses with more complex accounting needs.
Ultimately, your choice depends on your business needs and budget. Compare the features and pricing of both software and choose the one that best suits your needs.
References
- QuickBooks Pricing: (https://quickbooks.intuit.com/pricing/)
- Xero Pricing: (https://www.xero.com/us/pricing/)
- QuickBooks Features: (https://quickbooks.intuit.com/features/)
- Xero Features: (https://www.xero.com/us/features-and-tools/)