QuickBooks vs Xero
A detailed comparison of QuickBooks and Xero to help you choose the right tool for your needs.
💰 Pricing Comparison
| Plan | QuickBooks | Xero |
|---|---|---|
| Free Tier | ✗ No | ✗ No |
| Lowest Paid | $30/mo | $15/mo |
| Enterprise | $200/mo | $78/mo |
⚡ Feature Comparison
| Feature | QuickBooks | Xero |
|---|---|---|
| Invoicing | ✓ | ✓ |
| Expense tracking | ✓ | — |
| Bank connections | ✓ | — |
| Reports | ✓ | — |
| Payroll | ✓ | ✓ |
| Tax preparation | ✓ | — |
| Inventory | ✓ | ✓ |
| Time tracking | ✓ | — |
| Projects | ✓ | ✓ |
| Mobile app | ✓ | ✓ |
| Bank reconciliation | — | ✓ |
| Expense claims | — | ✓ |
| Purchase orders | — | ✓ |
| Reporting | — | ✓ |
| Multi-currency | — | ✓ |
| Open Source | ✗ | ✗ |
| Rating | ⭐ 4.2 | ⭐ 4.3 |
Pros & Cons
QuickBooks
Pros
- ✓ Industry standard
- ✓ Comprehensive features
- ✓ Great for taxes
- ✓ Large ecosystem
Cons
- ✗ Expensive
- ✗ Can be complex
- ✗ Price increases
- ✗ Subscription only
Xero
Pros
- ✓ Beautiful interface
- ✓ Great bank reconciliation
- ✓ Large app ecosystem
- ✓ Good for non-US businesses
Cons
- ✗ Limited US payroll
- ✗ Can be pricey
- ✗ Reporting limitations
- ✗ Learning curve
🏆 The Verdict
Choose QuickBooks if: You need small businesses needing comprehensive accounting. QuickBooks excels with its industry standard and comprehensive features.
Choose Xero if: You need small businesses outside the us. Xero stands out with its beautiful interface and great bank reconciliation.
❓ Frequently Asked Questions
Is QuickBooks better than Xero?
It depends on your needs. QuickBooks is better for small businesses needing comprehensive accounting, while Xero is better for small businesses outside the us. Both are excellent tools rated 4.2 and 4.3 respectively.
Which is cheaper, QuickBooks or Xero?
QuickBooks starts at $30/mo while Xero starts at $15/mo. Neither offers a free tier.
Can I switch from QuickBooks to Xero?
Most tools offer import/export features to help you migrate. We recommend trying Xero's trial before fully committing to a switch.
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