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!

What Xero & QuickBooks Have In Common

What Sets Them Apart

  • Offers a free QuickBooks conversion tool so if you have files from the accounting software, you can transfer them to your Xero account without any hassle.
  • A solid inventory tool that helps monitor your sales and purchases.
  • Bills and payment management system that organizes all your transactions so you never have to manually monitor them.
  • Built-in time sheets allowing you to efficiently monitor and manage employee work hours.
  • Has a forecasting and budgeting tool which QuickBooks Online doesn’t have.
  • Integrates a payroll system into your account and provides a 50% off discount.
  • Multi-currency support is available. Although Xero has this as well, but it isn’t quite as developed yet in some folks’ opinions.

Pricing: Xero vs QuickBooks Online

Xero STARTS AT $6.30

Xero has 3 plans, Starter, Standard and Premium – some of the most affordable in the industry!

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.

For an in depth look at the features you get with Xero, check out our comprehensive review.

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QuickBooks STARTS AT $7.99 (50% OFF)

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.

For an in depth look at the features you get with QuickBooks, check out our comprehensive review.

Which Should You Choose?

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.

Try Xero & Save 30% Off for 6 Months