When it comes to accounting software, there are a few big names that always come to mind. QuickBooks and Xero are two of the most popular accounting software programs available on the market today. So, which one is the best?
What is QuickBooks?
QuickBooks is a popular accounting software program that allows users to manage their finances, invoicing, and bookkeeping. QuickBooks is available in both desktop and online versions, and offers a wide range of features and integrations. QuickBooks is a good choice for small businesses and sole proprietorships.
What is Xero?
Xero is a cloud-based accounting software program that offers a wide range of features and integrations. Xero is a good choice for small businesses and sole proprietorships. Xero is also a good choice for businesses that are expanding or have complex finances.
Features
QuickBooks Features
QuickBooks offers a wide range of features, including:
- Invoicing
- Billing and payments
- Expense tracking
- Inventory management
- Profit and loss statements
- Balance sheets
- Sales tax management
- 1099 preparation
- Payroll
- Time tracking
- Reporting
QuickBooks also offers a wide range of integrations, including:
- Salesforce
- Stripe
- Square
- PayPal
- Shopify
- Xero
- Zapier
- T Sheets
- G suite
Xero Features
Xero offers a wide range of features, including:
- Invoicing
- Billing and payments
- Expense tracking
- Inventory management
- Profit and loss statements
- Balance sheets
- Sales tax management
- 1099 preparation
- Payroll
- Time tracking
- Reporting
Xero also offers a wide range of integrations, including:
- Salesforce
- Stripe
- Square
- PayPal
- Shopify
- QuickBooks
- Zapier
- T Sheets
- G suite
Pricing
QuickBooks Pricing
QuickBooks offers a few different pricing plans, including:
- Self-Employed: $15/month
- Simple Start: $25/month
- Essentials: $40/month
- Plus: $70/month
- Advanced: $150/month
Xero Pricing
Xero offers a few different pricing plans, including:
- Starter: $9/month
- Standard: $30/month
- Premium: $70/month
Conclusion
QuickBooks and Xero are both popular accounting software programs that offer a wide range of features and integrations. QuickBooks is a good choice for small businesses and sole proprietorships, while Xero is a good choice for businesses that are expanding or have complex finances. Xero is also a good choice for businesses that are expanding or have complex finances.