QuickBooks Online Review 2024: Features, Pros & Cons

Xero also allows you to create a project or job, track time to add to it and add details to invoices when you’re ready to bill clients. Xero also offers mobile receipt capture through its Xero Me mobile app (previously called the Xero Expenses app), though you’ll need to upgrade to the Established plan to claim expenses. QuickBooks can also track your mileage reliably and automatically using a GPS-enabled smartphone app. Unlike QuickBooks, Xero supports unlimited users and organizations for all accounts. It also offers a 30-day free trial so you can test drive the software before committing to a paid plan. QuickBooks and Xero are two of the best accounting software options with a range of pricing plans to fit multiple budgets.

Inventory

Xero’s unlimited-users feature makes it a winner among larger businesses and well-established small businesses that require more than five users. It’s also less expensive than QuickBooks Online and a bit easier to use, thanks to its capitalized cost customizable dashboard and simple layout. The inventory management and job costing features are more robust in QuickBooks compared to QuickBooks Online.

Online invoicing

The chart of accounts is easy to manage, customize and track spend for each category. Streamline billing, automate invoice reminders, and easily track your spending with Xero accounting software. Both accounting softwares are easy to navigate, allowing you to find your required feature from a main dashboard with a sidebar. QuickBooks’ sidebar is vertical and on the left, while Xero’s is horizontal across the top, both deliver about the same user experience, and user satisfaction is high for both. With QuickBooks, you can even take photos of your physical receipts, which the software automatically matches to existing expenses.

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We also have dedicated articles and solutions online from our Customer Experience team to support your transition. Try Xero, and you’ll see why millions of small businesses choose our QuickBooks alternative. And if you’re looking for more expert advice on running your business, find an advisor through the Xero Advisor Directory. Build a thriving property business with mobile expense tracking and numbers at a glance. See cash flow at a glance, customize reports, and track profitability in real time.

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1. It also offers a 30-day free trial so you can test drive the software before committing to a paid plan.
2. It’s a subscription-based service that is good for various industries and beneficial to those who regularly work with a bookkeeper or accountant because you can give them access to your files.
3. The QuickBooks Online base plan starts at $35 per month, and the plan with the most features is $235 per month.
4. Intuit also offers QuickBooks Desktop versions for companies that require it, but we will compare the Online version in this guide.
5. See how Xero makes it easy for small businesses to stay on top of their finances and focus on doing what they love.

Xero and QuickBooks are both great accounting software options for small businesses. They both offer a wide range of features, an easy-to-use interface and competitive pricing. Despite not offering unlimited invoices and bills in its base plan, Xero accounting software is a more scalable solution than QuickBooks in terms of the number of users it supports. Xero supports unlimited users with all its subscription plans, while QuickBooks allows only up to 40 users with its highest-tiered plan.

To compare QuickBooks vs. Xero accounting, we consulted product documentation and user reviews. We considered features such as invoicing, billing, payments, expense tracking, mileage tracking, project and time tracking and inventory management. We also weighed factors such as pricing, user experience, customer service and integrations.