Mon 04 Jan 2016 | By:

Xero vs QuickBooks Online: Which is Better?

Xero Vs QuickBooks Online

Welcome to Startup Savant’s comparative look at the Xero vs QuickBooks Online question where the goal is to help you decide which is best suited for you and your business. While QuickBooks Online is much older, Xero is the newer disruptive 21st century player in the industry. Let’s dive right in and begin with things they both share in common. Enjoy!


10 Things Xero & QuickBooks Share in common?

  1. Produces automated financial reports to keep you up-to-date with how brand’s financial health.
  2. Both offer mobile apps which can be downloaded for your Android or iPhone.
  3. Gives you the freedom to integrate multiple business apps into your existing account.
  4. Business expense tracking tools.
  5. Bank reconciliation feature allowing you to sync bank and debit/credit card transactions into your data.
  6. Invoice tool enabling you to make invoices, edit and send them in a couple clicks.
  7. Allows multiple users and collaboration among your business partners, accountant, or team members.
  8. 100% cloud-based – which means it’s compatible with any web browser, operating system and gadget/device.
  9. Bills and payments management system.
  10. Time tracking tool to record all your hours worked – especially great for independent contractors, freelancers and service-based solopreneurs.


Popular Xero Features


Popular QuickBooks Features


Package Pricing: Xero vs QuickBooks Online

Xero pricing

Xero has 3 plans, Starter, Standard and Premium – some of the most affordable in the industry! See the rather extensive table below for an in depth look at all the features involved:

Xero Pricing and Features

Xero Pricing and Features 2

For just $6.30 per month, you’ll be able to try Xero’s basic plan. The succeeding plans are priced at $21 and $49 per month. Despite the Premium plan being the most comprehensive, the Standard plan is still more popular and widely used. Plus, you can try it for 30 days free of charge – no credit card required.


A Quick Look Inside Xero

Create Custom Invoices

Xero Invoicing

Store and Manage Your Files

Xero Accounting Files

Manage Your Bills and Keep an Eye on Cashflow

Xero Bills

Track Your Small Business Expenses
Xero Expense Tracking

Create and Send Custom Purchase Orders

Xero Purchase Orders


QuickBooks Online pricing

QuickBooks Online offers their services through 3 unique accounting plans: Simple Start, Essentials and the Plus. You can also use QuickBooks if you’re a freelancer for just $7.99 every month. Here’s their package pricing table so you can see how features are broken down relative to platform needs/size.QuickBooks Pricing

QuickBooks Online’s plans will help you with invoicing and accounting – you’ll also be able to track your expenses, calculate your taxes, and maximize tax-saving deductions through this software. Now let’s take a peak inside just like we did with Xero so if you aren’t familiar you can get am idea of what it’s like to use.


A Look Inside QuickBooks Online

QuickBooks Online Review

See how much difference there is because of their unique colors, navigation placement, and their overall style of data-presentation? This is where your own subjective preferences come into play. Here’s the customers section:

QuickBooks Online Features

And then we’ll cap it off with their Sales Transactions section that shows how data is categorized and refined. Not too shabby, right? Both of these are great options for a lot of reasons regardless of whether you represent a startup looking to upgrade their software or a bigger operation.

Quick Books Online Features and Review


Make Your Move & Update Your Financials!

Choose the Right Online Incorporation Service for YouAt the end of the day what’s really important is that you get better control of your brand’s finances so you can manage them and wield them more effectively. For you, maybe Xero is the perfect fit. Or perhaps you prefer the feature QuickBooks offers in conjunction with their style.

Either way, we think you’re going to be in good hands. These are both very reputable software companies with hundreds of thousands, if not millions of users around the world.

So, What's It Going To Be?

Startup Savant uses Xero and absolutely adore them, but on the other hand many of our readers are QuickBooks lovers. Listen, this is an important decision to don't make it lightly. Make your move and begin taking your financial power to the next level. Cheers!

Discover Xero Or Try QuickBooks

About Ryan James

Half hardworking hermit, half avid adventurer, Ryan founded Startup Savant to simplify entrepreneurship and pay it forward by donating a portion of all revenue to support children's education via