The Key Differences Between Xero & QuickBooks Online
1. Xero Supports Unlimited Users: Are you confused to choose between Xero Accounting vs QuickBooks Online. You’re in luck because both QuickBooks Online and Xero support multiple users. QuickBooks Online supports a maximum of 25 users if you subscribe to the Advanced Plan, the most expensive tier. On the other hand, Xero supports unlimited users, no matter which plans you’re on. Both plans are similar in that you can set custom permissions for your users.
2. QuickBooks Online Is Easier to Use: Unlike its desktop countertop QuickBooks Pro, QuickBooks Online is surprisingly easy to learn and use. Even accounting newbies won’t face many challenges when using this software, which features a well-designed, user-friendly UI. On the other hand, Xero has a steep learning curve, and setting up the software can be challenging. Fortunately, Xero offers several support resources to help you get up and running. Still, QuickBooks Online is the easier of the two to use, especially for beginners with no prior accounting experience.
3. QuickBooks Online Has Better Mobile Apps: QuickBooks Online and Xero both offer mobile apps for tracking your business finances on the go. QBO only has a handful of complaints about its apps. On the other hand, many Xero users have complained about app functionality, bugs, and errors.
4. Xero Has Better Uptime: Both QuickBooks Online and Xero use data encryption, redundancy, and physical security measures at their prospective data centers. However, Xero boasts an unheard-of 99.97% uptime and has one of the strongest security reputations in the cloud accounting world. In addition, QuickBooks Online users have reported downtime and outage issues on several occasions.
5. QuickBooks Online Offers Built-In Lending: If your business needs a financial boost, you may be able to use your accounting software to get funds. QuickBooks Online has built-in lending known as QuickBooks Capital. QuickBooks Capital uses your financial information stored within QBO to determine if you qualify for a small business loan, making it easy to get the capital you need for your business. Xero does not offer a comparable built-in lending feature.
Xero VS QuickBooks Online: A Quick Overview
While Xero and QuickBooks Online are similar in some ways, there are a few distinct differences between the two. Ease of use, number of users, mobile apps, and security are just a few of the differences that can be used to distinguish which accounting software is best for your business.
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