The Report Center in QuickBooks Online offers a central location to process reports, which include all standard financial statements as well as a healthy selection of management reports. The Expense category lets you add vendor invoices and get them ready for payment, and QuickBooks Online lets you manage customers, vendors, and employees in the system, with a payroll option available through Intuit. QuickBooks Online also gives you the option to have customer payments applied automatically once they’re deposited, or leave that option to the user. User preference can play a role in which style you prefer, but generally, the more self-explanatory a central navigation screen is, the easier it is for new users to find their way around.Įntering an invoice in QuickBooks Online is simple, and it offers the ability to add a credit card or bank account number to a customer’s account – a nice feature that allows you to immediately process an online payment for that customer. Like Xero, QuickBooks Online offers standard features like electronic banking, solid invoicing capability, bill management, and payment acceptance, but it breaks them down into more specific categories rather than lumping them together into one category.
Xero accounting software vs quickbooks android#
Reporting in Xero is solid, with a variety of financial statements and management reports available.Ī mobile app for both iOS and Android devices is available in Xero, offering the ability to handle common tasks such as receipt management, contact management, bank reconciliation, and invoice creation. The Contacts category lets you manage all contacts, from customers to suppliers to contractors, from one location. The Projects category lets you manage any projects and record time spent using the time tracking feature. The Accounting category in Xero is where you’ll handle all of your banking transactions, as well as manage your chart of accounts and financial statements. Once payment is received, Xero will automatically apply the payment if paid online, or you can process the payment during your regular bank reconciliation process. Once the invoice is completed, you can send it via email with online bill payment options included in the email. Xero’s invoice entry screen, seen above, is clean and uncluttered with easy look-up options available for most fields. Xero invoicing is intuitive and easy to use. The invoices option in Xero displays a nice summary view of all invoices and their current status. The Business category is where you’ll find invoicing, bills to pay, purchase orders, and products and services. Xero’s accounting dashboard offers a nice summary of your business, including bank balances, invoices owed, and total cash in and out of your business, with the dashboard completely customizable. Xero places its features into five main categories: Dashboard, Business, Accounting, Projects, and Contacts. While the vocabulary may vary between the two products, they both offer electronic banking, excellent invoicing, payment acceptance, and bill management capabilities. Xero and QuickBooks Online both offer a ton of features all designed for small business owners. Originally designed for very small businesses, when compared to the desktop version, QuickBooks Online now offers growing businesses the option to use an application they won’t outgrow in a short amount of time. QuickBooks Online, an offshoot of the popular QuickBooks Desktop application, is a good fit for small and growing businesses. The Xero accounting interface is clean and uncluttered, and new users have access to a demo company where they can manipulate data without worrying about entering or deleting important information.
Xero accounting software vs quickbooks software#
Xero is an excellent accounting software option for startups and small business owners, and it’s particularly well suited for business owners who know absolutely nothing about accounting but still need to properly manage their finances. QuickBooks Online: An overview Who is Xero for? To make the decision a little easier, we’re comparing Xero and QuickBooks Online, side-by-side based on features, pricing, ease of use, and more. Perhaps you’ve read our accounting software reviews but remain confused about which of these two, popular accounting tools is right for you.