Xero vs. Quickbooks Small Business Accounting


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Enter the Underdog! Who will win the great small business accounting battle of Xero versus Quickbooks? We put these two top dogs head to head for an epic battle of cloud accounting software. Read accounting app reviews at http://www.getapp.com/compare/accounting-software/xero-vs-quickbooks
And if you want to check out any app mentioned in this piece, simply click on the logo to visit the official website!

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Xero vs. Quickbooks Small Business Accounting

  1. 1. QuickBooks vs. Xero Enter the Underdog… …and the fight for your small business accounting!
  2. 2. What do they have in common? Online accounting Invoicing Financial reporting Quick shot of cash flow Bank reconciliation Document sharing Billing management Add-ons & integrations with top business software See outstanding balances Mobile-friendly Free Trial
  3. 3. These accounting apps lead the pack in cloud accounting for both small business and accounting professionals.
  4. 4. But where do they differ? QBO is known more for its legacy desktop software, not as iPhone friendly For Bank Reconciliation, you need to search for different claims 60+ integration partners Charges for extra users past a certain amount; $39.95 for 5 users/month; payroll services is $39.95 a month add-on Xero was built and designed for cloud and mobile For Bank Reconciliation, Xero automatically matches invoices & receipts. 300+ add-ons Designed for unlimited users; $30 for 5 users/ month, including payroll
  5. 5. Who do they integrate with?* More than 60! More than 300! *Based on who these two apps have chosen on GetApp.com Click on any logo to visit official website!
  6. 6. How are they growing? 
 1 million SMB clients" 8,000 employees" New partners 2014:
 Lettuce Apps Inventory
 AmericanExpress 334,000 SMB clients" 870 employees 
 New Partners 2014:
 Square" Named Forbes’#1 Most Innovative Growth Company
  7. 7. Reaching the US of A 90% of Intuit QuickBooks and QuickBooks Online customers are in the US." Intuit, which also owns big names Quicken and TurboTax, joined US stock market in 1993. This NZ and AU leader, already traded in New Zealand Exchange & Australian Securities Exchange, looks to take away some Intuit American marketshare with its eye on a 2015 IPO.
  8. 8. The Fight for Down Under Intuit commissioned tests of Aussie SMBs who’ve never tested one. Discovered twice as many preferred QBO. New Zealand native is #1 online accounting provider in NZ." 350,000 Australians received AU$1billion in payroll last year via Xero
  9. 9. What do their users say? “As a small business owner and accountant, I have tried many accounting softwares. I was a Quickbooks Pro Advisor for five years and relied heavily on an expensive and inconsistent server to share data with clients. A forward thinking, tech savvy client mentioned Xero to me a few years ago and I blew him off…After several more clients mentioned Xero, I thought I would give it a shot. I tested the software out, totally putting it through the ringer. I used a client as a beta tester and asked for feedback on it. We worked on the file together and tried our best to break the program. After a month of working on Xero, I was hooked! I took all of my clients off of the server and Quickbooks and moved them to Xero and I am so glad that I did. Highlights of Xero (from prospective of an accountant) - I can work with my clients in real time: Clients can leave us notes, can see what we are seeing, and can use Xero on smartphones and laptops- you aren't tied to an operating system - I don't have to waste time on data entry: Bank feeds are magical - I am able to achieve great results at a fraction of the cost: no software upgrades to pay for, no server costs - CPAs still get all of the data they need via Xero reports - Xero customer service is tops- Have an issue? They handle the issue quickly - Xero add ons are amazing and you accounting system can be tied with an SaaS application quickly and easily.”
  10. 10. What do their users say? “I had a lot of doubts when one of my clients asked me to try QB Online; nightmares of slow, clunky tools, getting lost in a maze of links and a smaller window kept me from making the move. Thankfully I took the plunge after getting a tour of it and I'm really liking it so far. Integration with other tools is certainly a unique advantage to moving my clients' books online, and they appreciate not having any monthly backups to maintain. Best thing is that I can work with either Windows or Mac clients, no more switching back and forth. I haven't seen any of the outages others have reported as yet, and will update my review if that happens.“
  11. 11. Small Business Accounting like Xero & QuickBooks Online More advanced accounting for companies with controllers & CFOs Who else is at play? Take a bite at the competition!
  12. 12. Who do You think is Top Dog? Take each small business accounting app for a walk and then give em a review on GetApp!