Simon Litt is the editor of The CFO Club, specializing in covering a range of financial topics. His career has seen him focus on both personal and corporate finance for digital publications, public companies, and digital media brands across the globe. If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support. Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us to improve the way we help small businesses.
Honest, Objective, Lab-Tested Reviews
The desktop version is installed on a computer, while the online version is accessed through a web browser. QuickBooks Online includes all the components of the desktop version, plus additional features such as more app integrations, a fully functional mobile app and what is an installment sale more attractive pricing. The Online plans start at $35 per month while the only current Desktop version, Enterprise, must be paid annually and start at $1,922 per year. Using Xero Analytics feature, users can generate reports on the financial health of the organization. It offers an idea about short-term cash flow and shows the impact of invoices and bills.
One-way phone support
Xero offers three main pricing tiers, and its mid-range plan compares favorably with similar tools based on the features offered. However, additional costs can come into play for add-ons and premium functions. Xero provides out-of-the-box integrations with a plethora of third-party applications across e-commerce, point-of-sale, time tracking, and more, enhancing its functionality. Notable integrations include Stripe for payment processing, HubSpot for CRM, and Shopify for e-commerce, among others. Its open API allows for extensive customization and integration with existing business software, providing flexibility and broader use cases. In my analysis, Xero stands strong in a crowded market due to its robust feature set and intuitive design.
Xero Review 2024: Features, Pricing & More
We compared the two options in establishing credit terms for customers terms of their key features, pricing and customer service to help you decide which is right for your business. Xero, FreshBooks and QuickBooks all offer 30-day free trials and extensive features for online support, including a live chat, email support and a knowledge base. All three of these offer the ability to scale their accounting for larger businesses and both Xero and QuickBooks offer specific training for accountants. These companies offer Gusto integration for the same price—$40 per month and $6 per month per person. On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate.
FreshBooks is one such option that has gained popularity in recent years. It’s designed specifically for small businesses and offers invoicing, time tracking and expense management. Xero lets companies accept payment from their customers using multiple methods, increasing the chance of getting paid on time.
Accounting software that helps small businesses using the cloud
- Xero does offer an invoice template to help get you started, and you can choose to create and save your own templates.
- Xero Expenses feature allows businesses to track and claim their expenses.
- You can also accept payments from popular services such as Stripe and GoCardless.
- If this isn’t enough, Xero also integrates with Zapier, connecting the software to hundreds of additional add-ons.
Xero offers additional features like project management, payroll, and inventory management, but it is not dedicated software for these functions. With Xero’s bank reconciliation feature, the transactions and financial records are automatically verified and matched, reducing errors in the financial records. It minimizes manual effort and ensures peace of mind due to its reliability and accuracy. This feature lets users supervise their cash flow and transaction activities while adhering to accounting standards and regulations.
The Early plan costs $20 per month and lets users send up to 20 invoices and schedule up to 5 bills what is a force pay debit memo per month. Other features include reconciling bank transactions and capturing bills and receipts with Hubdoc. Xero is cloud-based accounting software that has given QuickBooks a run for its money since 2006. Xero is a robust accounting solution with sophisticated accounting features, ample reports, 1,000+ integrations, and unlimited users. Unlike QuickBooks Desktop, Xero also has the mobility and modern UI of cloud-based software.
