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!
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:
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.
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 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.
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:
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.
At 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.