QuickBooks Online vs Xero Comparison

When it comes to choosing the ideal online accounting solution, two names are quite likely to appear as possible candidates: Xero and QuickBooks. Xero is rightfully the No. 1 choice of many sole proprietors and small businesses, while QuickBooks is trying to rebrand itself by aggressively promoting its completely cloud-based product, QuickBooks Online. Even though they have differences, which you will find out soon, these software are very similar, as both of them know the essential accounting features, have a similarly structured pricing policy, developed outstanding mobile applications and offer a 30-day trial for newcomers.

QuickBooks Online can be accessed by stellar Android or iOS applications without any restrictions and the company supports and offers an API, thus it is not surprising that over 300 third party services can be integrated into the software. The free trial period of this accounting solution is 30 days, but you also have a 60-day money back guarantee if you have purchased the software and you are not satisfied with its services. QuickBooks Online has three pricing packages, costing $12.95 per month, $26.95 per month, and $39.95 per month respectively. However, you can save up to 20% of your monthly price for a limited time if you skip the trial period.

This accounting solution is the best choice if you want to connect a wide variety of third party services and applications to your account, because not only 400 of them are listed on Xero, but it also offers and supports an API. With the outstanding iOS and Android applications you can easily capture your receipts and immediately attach them to invoices and projects. The company provides a 24/7 customer support ready to answer all of your questions. The trial period of Xero is 30-day long, during or after which you can choose from three different products: Starter for $9 per month which limits invoicing, billing, and bank reconciliations; the most popular product, called Standard for $30 per month; and Premium for $70 per month which allows you to create multi-currency documents. However, if you are a new subscriber, the monthly fee of Xero is reduced by 30% for 6 months.

Conclusion

It surely is difficult to see the differences between these two online accounting solutions. Xero, preferred by over 600k customers, is an ideal choice for those who want to grant access to an unlimited number of users. The neat software provides all the essential accounting features, such as multi-currency invoicing, quoting, billing etc., but it is also equipped with clever extras such as an online payment option, creating and filing of 1099s, integration with over 400 third party solutions and a perfect mobile app developed for iOS and Android platforms. QuickBooks online is especially a good choice if you owned QuickBooks Desktop before, but you will enjoy its many services as a new client as well. Accounting, check printing, 1099s, online payment, over 300 third party software, mobile apps and a 60-day money back guarantee; just to name a few features that come with QuickBooks Online.