And if you need assistance, QuickBooks offers robust live customer support to help you along the way. It’s easy to see why QuickBooks is a standout choice for small-to mid-size businesses. Its intuitive interface, robust feature set, and readily available customer support make it a comprehensive and user-friendly solution designed to help grow—and scale with—your business. Xero Growing is designed for growing businesses, offering everything in Early, plus bill management tools, additional invoicing, and bulk reconciling transactions.
Users can also generate sales tax summaries, edit tax rates whenever needed, and prepare tax reports for return. Xero also has a built-in timer to track time invested in a particular task. It also shows the profitability of a project and allows users to generate reports on project summary, project details, etc.
Beyond built-in integrations, QuickBooks offers more than 750 connections with other platforms — a quantity that impressed us. Some of QuickBooks’ most popular app integrations include the payment app BILL, the line of credit solution Fundbox, and the expense management platform Expensify. As the leading business accounting software platform, QuickBooks is unsurprisingly a standout when it comes to integrations. The platform offers high-quality built-in integrations with many leading business software vendors. For example, QuickBooks integrates with Square, Gusto, PayPal, eBay, Shopify and Etsy.
QuickBooks and Xero include many of the same features, though QuickBooks is more feature-rich overall. That said, Xero’s bill pay tools outperform those in QuickBooks at lower prices than QuickBooks’ two highest-end pricing packages. QuickBooks comes with free access to a searchable knowledge base, guides, videos, articles and the QuickBooks Assistant chatbot. Formal training classes are also available through QuickBooks; these cost $599.95 for your first attendee and $250 for additional participants.
Includes tools that help automate the reconciliation process, along with a global search function and customizable dashboard; however, there is a learning curve. Easy to share information with your accountant and to find QuickBooks experts and online resources if needed. A Live Bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting. Once your bookkeeper receives all the necessary documentation, they’ll typically complete your cleanup within 30 days. In some cases, your cleanup may take longer depending on timeliness of documentation and the meaning of depreciation complexity of your books. If you invoke the guarantee, QuickBooks will conduct a full n evaluation of the Live Bookkeeper’s work.
Accountants praise Xero’s automatic bank feeds, usability, and simplified payroll. When it comes to doing your tax return at the end of the year, they have everything they need to get going. It’s also easy for accountants to fix user errors in Xero, and there are built-in proper audit trails and safety checks.
QuickBooks Online also gives you the option to have customer payments applied automatically once they’re deposited, or leave that option to the user. As with QuickBooks, you can ppp rules on rehiring employees 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.
Plus, Xero staffers can call people back to discuss their cases over the phone, giving you that phone support you need, albeit in a roundabout way. Both solutions performed very well in our testing, with QuickBooks earning an overall score of 4.7 out of 5 from our accounting experts, compared to Xero’s 4.5 out of 5. These are the two highest scores our research team gave any accounting solutions.
Xero automates recurring online pay runs and stores employee data, personal details, and payroll records. While Xero doesn’t include built-in payroll accounting inventory management methods functionality, it integrates smoothly with Gusto for streamlined payroll processing. Users need to integrate third-party applications for advanced accounting features.
QuickBooks allows companies to create and send estimates on different products and services seamlessly. Users can turn the same estimate into an invoice in one click if approved. QuickBooks allows users to track and manage various expenses, including bills, checks, purchase orders, etc. Users can filter expense data by category, status, date, payee, and delivery method and view related information such as bills, expense claims, suppliers, and mileage.
