Xero Accounting Software
Launched in New Zealand in 2006, Xero has become one of the top accounting tools on the market. It has over 2.7 million subscribers¹ across several countries, including the UK, Australia, and New Zealand.
This all-in-one accounting software is particularly popular with startups and younger business owners and is known for its clean, uncluttered interface.
QuickBooks Online
First launched in 2001³, QuickBooks Online is a cloud-based accounting service from Intuit with a monthly subscription plan. Over 4.5 million small businesses⁴ use the platform.
QuickBooks bills itself as ‘smart, simply accounting software - with no commitment’⁴. It’s particularly good at helping businesses to streamline repetitive tasks and manage accounting processes from just their smartphone.
Xero vs. QuickBooks
Xero and QuickBooks Online are both user-friendly, streamlined, and cloud-based. They both have an app, and pricing based on a monthly subscription model.
But if we talk about Xero QuickBooks Comparison they have a few differences, starting with the price. Xero is slightly more expensive than QuickBooks, but it doesn’t have limitations when it comes to users (although the cheaper plan does have some restrictions). You can also cancel anytime with QuickBooks, whereas Xero requires a month’s notice of cancellation.
Comparing features is key when looking for accounting software, as you don’t want to end up paying for functions you don’t need - or find yourself locked out of ‘premium’ features that really could save you time. Another good thing to consider when choosing between QuickBooks and Xero is scalability - how easy is it to upgrade your plan if your business needs change?
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