QuickBooks Self-Employed is an excellent choice for freelancers, but for small business owners who need a more comprehensive solution, Xero provides better accounting, invoicing, and tax management tools.
Xero offers more advanced features for small businesses, including project management, payroll integration, and more robust reporting tools.
Key Features
- Invoicing: Easily create invoices, track payments, and set up recurring billing.
- Expense Tracking: Track and categorize expenses automatically to simplify bookkeeping.
- Multi-Currency: Manage transactions in multiple currencies for international operations.
- Payroll Integration: Handle payroll directly within the software for employee payment management.
- Financial Reporting: Generate detailed reports for income, expenses, and profit margins.
Price Verdict
QuickBooks Self-Employed starts at $15 per month, while Xero starts at $13 per month, offering a more feature-rich alternative at a competitive price.