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!
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. These accounting
apps lead the pack in
cloud accounting for
both small business
and accounting
professionals.
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. 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.
7. 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:
ZenPayroll
Square"
Named Forbes’#1 Most
Innovative Growth Company
8. 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.
9. 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
10. 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.”
11. 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.“
12. 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!
13. Who do You think is Top Dog?
Take each small business
accounting app for a walk and then
give em a review on GetApp!