While QuickBooks Online is a reliable accounting solution, it comes with a higher price tag, especially for small businesses. Xero is a more affordable alternative that offers similar functionalities at a better price point.
Xero is an intuitive, cloud-based accounting software that offers comprehensive features such as invoicing, expense management, and financial reporting, making it an ideal choice for small business owners.
Key Features
- Multi-Currency Support: Xero allows you to handle transactions in multiple currencies, perfect for international businesses.
- Cloud-Based Accessibility: Access your financial data from anywhere, on any device.
- Bank Reconciliation: Automatically import bank transactions to make reconciliation easier and faster.
- Payroll Management: Xero includes payroll features, allowing you to pay employees and file taxes seamlessly.
- App Integrations: Xero integrates with over 800 third-party applications to help streamline your business processes.
Price Verdict
QuickBooks Online starts at $25 per month, while Xero plans begin at $13 per month. Xero is a more affordable solution for small businesses that need comprehensive accounting features.