The software offers a variety of features, including invoicing, tracking expenses and creating financial reports. Xero also integrates with other business applications, such as payroll and inventory management systems. This makes it a versatile tool for small businesses that need to streamline their operations. Xero and QuickBooks are two the of most popular accounting software solutions for small businesses looking to keep track of finances. While the two both offer similar features, such as tax management, financial reports, integrated payroll, inventory and file storage, the two are not without their differences. Forbes Advisor compared Xero vs. QuickBooks when it comes to the key features, pricing, customer service and reviews to help you decide which is right for your business.

That includes the chart of accounts, invoices, bills, contacts and fixed assets. Check out the Xero App Store to find, try and buy business apps that connect easily to Xero online accounting software. Choose the best apps to make running your business even easier. Apps like Stripe, GoCardless, Shopify, and WorkflowMax connect seamlessly and sync data with Xero business accounting software. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.

Accounting software for your US small business

1. This is because Xero allows you to see how much each project is costing you in real time and compare that to your estimated profits.
2. It may take a day or two to get a response to your email, but there are plenty of other forms of support available.
3. You can use all Xero’s features, like invoicing, accepting payments and reporting, and add-ons like Xero Projects and Xero Expenses.
4. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.
5. However, Xero is more affordable and supports unlimited users.
6. Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $70 per month.

Xero is also a better option for budget definition businesses that are expanding internationally as it offers multicurrency support. Xero offers a free 30-day trial and even has a demo company set up already, so you can explore the software before you buy it. Xero offers discounts for nonprofits and owners of multiple companies.

Company

It may take a day or two to get a response to your email, but there are plenty of other forms of support available. Despite a few shortcomings, we rated Xero 4.7/5 for its customer support. Join the thousands of people like you already growing their businesses and knowledge with our team of experts. We deliver timely updates, interesting insights, and exclusive promos to your inbox. After a 30-day trial period, Xero will bill a monthly charge of $13 per month for the Early plan, $37 per month for the Growing plan and $70 per month for the Established plan. For free invoicing platforms, consider Zoho Invoice, Square Invoices or PayPal Invoicing, although these platforms provide fewer capabilities.

Popular features

Xero is robust, cloud-based software with strong accounting, ample integrations, and some great features. It offers tons of automations to save your business time, such as automatic sales tax lookup, group invoicing, and default email templates. Plus, Xero supports unlimited users at no additional cost — a rarity in the accounting software world. Xero accounting software is a cloud-based system that helps small businesses manage their finances. This means it can be accessed understanding a corporate charter from any internet-connected device.

FreshBooks charges $17 per month and QuickBooks charges $30 per month). However, the best option and price point will depend on the specific capabilities and features you are looking for. Accounting online with Xero will protect your data through multiple layers of security, such as encryption. Katherine Haan is a small business owner with nearly two accrued revenue recording decades of experience helping other business owners increase their incomes. By providing feedback on how we can improve, you can earn gift cards and get early access to new features. Still, Xero’s feature set is strong, leading to our rating of 4.1/5.

Xero has a reputation for some of the strongest cloud security out there. Security measures include data encryption, two-step authentication, and 24/7 monitoring at multiple locations. Data is backed up daily across various servers, and regular security audits are performed. If you use the Established plan, you can track billable time to add to projects. Payments are due by the end of your monthly billing period based on the date you purchased your subscription.

Simplify your finances and get more done with Xero online accounting software. All pricing plans cover the accounting essentials, with room to grow. Xero offers this through Hubdoc so you can access your documents online. QuickBooks offers receipt and document organization with its mobile app as well as the online version. Xero is a better option for businesses that need to track project profitability. This is because Xero allows you to see how much each project is costing you in real time and compare that to your estimated profits.