|Description||Xero is a cloud-based accounting software that helps small businesses and startups manage their finances. It is easy to use and has all the features you need to run your business smoothly.||QuickBooks is an accounting software that helps small businesses manage their finances. It includes features like invoicing, tracking expenses, and creating financial reports. QuickBooks is easy to use and can save time on bookkeeping tasks.|
|Gitnux Rating||Great Product||Great Product|
|Could be better||Costumer service support, bank feeds, lack of integration with Shopify||VAT management and reconciliation, end of year donations statements, not intuitive|
|Key features||Accounting & Income and Expenses|
Payroll & Direct Deposit
Accounting & Files Exports
|Payroll & Direct Deposit|
Accounting & Income and Expenses
Accounting & Revenue Allocation
24/7 (Live Rep)
24/7 (Live Rep)
|Extended Review||Read Review||Read Review|
|Best for||Suitable for small and medium sized business and accounting and bookeeping practices.||Suitable for small business accounting and financials software.|
|Insights and Reports||Yes||Yes|
Create professional custom invoices, send payment reminders, and match payments to invoices, automatically. Send online invoices from the desktop or app as soon as the job is done. Xero has two invoicing options – new invoicing and classic invoicing. New invoicing is a simpler, faster way to invoice that we recommend our customers use. There are features like customer credit limits and adding a delivery address that are only available by using new invoicing.
Get set for tax time with all your expenses organised in one place. Manage spending and submit or reimburse expense claims with expense management tools.
Save time and reduce errors when you connect your bank to get a full view of your finances. Connect your bank and set up bank feeds. Transactions flow securely straight each business day. Xero has bank reconciliation features, which eep your financials up to date, categorize and reconcile bank account transactions each day using suggested matches.
Stay on top of your orders and quantities while managing your inventory in real-time. Keep track of what’s in stock with inventory software. Populate invoices and orders with items you buy and sell.
Insights and Reports
See how your business is doing, and how it could look in the next 90 days, with a range of popular reports and the cash flow planner. Track your finances with accurate accounting reports. And collaborate with your advisor online in real time. Xero automatically calculates sales taxes on transactions, and uses reports to prepare sales tax returns.
Save time by running your business on-the go with your mobile device. Xero possibilitates the creation of professional online quotes using Xero software or the app. Send quotes instantly from your phone or desktop.