Along with essential invoicing features, you how to record the disposal of assets get access to the vast QuickBooks network — if your clients use QuickBooks, transactions are especially easy. QuickBooks also includes over two dozen prebuilt reports; custom report functionality is available in the highest tier. We like how much power QuickBooks gives you over your monetary data. QuickBooks is an accounting industry leader, so its app integrations are exceptionally diverse and high-quality. QuickBooks offers integrations with 400 plus apps and software tools to increase the functionality of your software plan.
QuickBooks offers live phone and chat support six days a week, providing you with a direct line to experts whenever you need them. With personalized assistance, you can tackle any accounting challenge with confidence and keep your business on track. As with QuickBooks, you can use Xero to generate custom branded invoices, send client payment reminders, and view invoice payment status. Other shared features include recurring invoices, one-click client payments and mobile invoicing.
- We found all these features to be user-friendly in Xero, and we were happy that they are available to all users.
- This includes the availability of integrations for payroll, time tracking, and receiving e-payments.
- From moving your historical accounting data to getting up to speed with QuickBooks, it’s never been easier to make the switch.
- Xero scales beautifully, both in depth of functionality and user experience.
Expenses and bills
The Enterprise edition scales up to 30 users, supports up to 1 million list items, and offers advanced reporting, inventory, and printing. With this system, you can add products or services, track inventory, make adjustments, make internal notes, and add attachments. There are a handful of differences between the features of QuickBooks Online and Xero. Xero has a more impressive contact management feature with smart lists for targeting specific customers.
Basic inventory tracking in all plans
Follow our quick guide and our migration partners will have your data moving in no time. Our partners will support you through every step of moving your data. From moving your historical accounting data to getting up to speed with QuickBooks, it’s never been easier to make the switch. As of 2017, you can also produce GAAP-compliant Statement of Cash Flows for your client reporting needs using Xero’s single integrated reporting solution. If you’re looking for a QuickBooks alternative, Xero is one of your best options.
Other mutual features include receipt photo upload, mobile app mileage tracking, expense reporting and adding billable expenses to client invoices. QuickBooks Online provides this feature starting in its Essentials plan, and Xero offers it in its Established plan. Additionally, both software provide online support, but QuickBooks excels by offering phone customer support as well. Standard phone support is available Monday through Friday, 9 AM to 8 PM EST, and 24/7 with the QuickBooks Online Advanced plan.
More about Accounting
Managing expenses and business analytics are all included for one low price. With what is a condensed revenue assertion QuickBooks, you’ll get expert product help from real people 7 days a week. Our specialists are here to support you with every part of your QuickBooks journey, from the initial switch to free 1 on 1 onboarding.
This add-on is available for an additional charge and assigns a professional bookkeeper to manage your books. QuickBooks Online and Xero both have a large collection of integrated apps, which should be enough to cover your business automation needs. If you invoke the guarantee, QuickBooks will conduct a full n evaluation of the Live Bookkeeper’s work.
Here, we break down the key differences in features, benefits, and pricing to help you choose the platform that best suits your business needs and budget. You can also use the QuickBooks mobile app to track mileage and run expense reports and cash flow statements. From the desktop suite, you can set custom rules for categorizing all expenses. You can add billable expenses to the invoices you send clients via mobile or desktop. QuickBooks and Xero are popular accounting software platforms for small businesses.
Pulling reports based on date range, such as monthly P&L and balance sheets, is a breeze asking for donations with QuickBooks Online. Each time you log into either app, you can see your latest balance and expenses that need reconciling from the dashboard. QuickBooks has been in the market for longer than Xero, is very well-developed, and is generally loved by accountants – especially in the US market, which QBO has dominated. QBO claims that customers find on average $3,534 in tax savings per year.