![]() ![]() While both software will let you create recurring bills, only QuickBooks will allow you to schedule automatic recurring payments. Customize invoice colors and choose from templates.Automatically calculate state tax rates.Manually enter bank transactions and balances.Reconcile transactions without connecting bank feeds.Standard phone support is available Monday through Friday, 9 AM to 8 PM EST, and 24/7 with the QuickBooks Online Advanced plan.Ī few features exclusive to QuickBooks that could be vital for your small business: Additionally, both software provide online support, but QuickBooks excels by offering phone customer support as well. Neither software offers this feature in their lowest-price plan. QuickBooks Online provides this feature starting in their Essentials plan, and Xero offers it in their Established plan. Time tracking is an important feature that many businesses need. However, QuickBooks only offers it with its higher-tiered plans, while it comes standard with all Xero plans. On top of the shared features listed above, both QuickBooks and Xero have inventory management tools. ![]() Manage bills with overviews of cash flow and accounts payable.Reports–bank reconciliation, profit and loss, chart of accounts, sales tax, and more.Connect to bank account and credit cards.Intuit also offers QuickBooks Desktop versions for companies that require it, but in this guide, we will compare the Online version.įurther Reading: What is QuickBooks? Featuresīelow is a list of features that these two bookkeeping tools have in common: A New Zealand-based company launched Xero in 2006 to challenge the growing accounting software market. QuickBooks was created in 1983 by Intuit, garnering nearly 40 years of development behind it. ![]() Accounting features such as invoicing, accounts payable and receivable, and inventory management help your business stay organized and profitable. QuickBooks Online and Xero are well-known cloud-based business accounting software solutions that are a favorite of growing companies due to their affordable pricing and scalability. ![]()
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