The major drawback of Xero compared to QuickBooks Online is that it’ll be much harder to find a bookkeeper to help you with Xero than with QuickBooks.
As such, it’s a great accounting software choice if you have a large accounting team and is our choice for budget-conscious small businesses.
While Xero has comparable features to QuickBooks Online, it has a lower price and includes an unlimited number of users with any subscription. You can only send invoices, receive payments, and capture receipts. Mobile app: Xero’s mobile app is basic.If your business uses a lot of fixed assets, Xero’s can keep fixed asset records and manage depreciation. Fixed asset management: Xero is the only cloud-based accounting software service that we’ve reviewed with a dedicated fixed asset manager.Xero separates the cost of your purchases into your cost of goods sold (COGS) and your cost of ending inventory automatically. Inventory management: Track simple and complex inventory items and create reports on what products are trending.Integrated payroll: Xero integrates with Gusto to run your payroll duties.Invoicing: Create, customize, and send invoices and estimates.Expense tracking: Scan and track expense receipts with the Xero mobile app.Its reconciliation interface makes it easy to spot unrecorded bank debits and credits on the books.
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Bank reconciliation: Xero imports your bank statements automatically, eliminating the need for manual data entry. Budget-conscious startups and small businesses will find Xero to be more affordable than QuickBooks, but with similar features. Xero includes many of the same features you’ll find in QuickBooks like solid invoicing capability, bank reconciliation, and expense management. If your primary complaint about QuickBooks is the price or the limited number of users, then Xero is likely your best choice for alternative software. Xero is one of our best small business accounting software that has similar features to QuickBooks but is priced lower while allowing unlimited users. Its mobile app is also outstanding and can perform nearly every function available in the web-based software. We recommend choosing Zoho Books if you’re looking for accounting software that is similar to QuickBooks Online but has great customer support. You can read our Zoho Books vs QuickBooks Online review to see how these two compare and contrast. The Zoho Books mobile app can also do basic features like recording expenses and receiving payments.Īs our choice for the best overall QuickBooks alternative, Zoho Books delivers an experience similar to QuickBooks Online in terms of robust inventory, A/R, and accounts payable (A/P) features. With the mobile app, you can enter bills, generate reports, and even track time. Mobile app: Zoho Books’ mobile app offers a wide range of features that QuickBooks Online’s app doesn’t offer. Zoho Books also keeps track of the COGS and computes ending inventories. Inventory management: Capture product details, including product costs, product details, and stock on hand. Read our Zoho Expense review to find out more. Zoho Books works well and integrates with Zoho Expense, Zoho’s dedicated expense tracking app. Expense tracking: Sort your expenses into groups, and scan receipts on your mobile device for an additional fee. Zoho Books’ accounts receivable (A/R) management module is also exemplary, with robust features like issuing credit memos, viewing customer accounts, and accepting short payments. Invoice and estimates: Create and send invoices and estimates in seconds and send them in any currency. It serves most types of businesses, offering features like expense tracking, invoicing, and online payments. If you’re a freelancer or a small business needing a full-featured accounting app, Zoho Books is a great alternative to QuickBooks Online.
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