Since similarities between Xero vs QuickBooks Online are same as described earlier in "Xero Starter Plan vs QuickBooks Start Plan". So lets discuss about the differences between Xero Standard Plan vs QuickBooks Essentials Plan.
VS
Winner: XERO
2. Users:
Winner: Xero
Xero offers unlimited users and collaborate with your team and invite your accounting professional to view your business data for valuable real-time advice. On the other hand QuickBooks Online allows only 3 users who can simultaneously use Quickbooks online.
3.Integration with apps:
Winner: Xero
Over 350 business applications like inventory, time tracking and payroll connect with Xero. On the other hand, QuickBooks Online offers roughly 248 apps integrated with it.
4. Ease of Use:
Winner: Xero
Xero is remarkably easy to use as it is an open source and there is no need of installing software – just log in. Xero has invested in class-leading infrastructure to ensure that your data is always accessible to you. It's easy to change your plan. You can upgrade or downgrade your plan at any time depending on which features you need and when. Email or drag and drop files into Xero and store them all in one handy place online.
QuickBooks Online is also an open source but it lacks behind Xero as its efficiency is poor than Xero.
5. Features:
Winner: Tie
There are certain features of Xero vs QuickBooks Online which are given below in the table:
| Key Features | Xero | QuickBooks Online |
|---|---|---|
| Track your income, expenses and profits | Yes | Yes |
| Automatic bank feeds | Yes | Yes |
| Security | Yes | Yes |
| Invoices and Bills | Unlimited | Unlimited |
| Access data online tablet, or smartphone | Yes | Yes |
| Back up your data automatically | Yes | Yes |
| Free support, 24/7 | Yes | Yes |
| Bank transactions | Unlimited | Unlimited |
| Multi Currency | No | Yes |
| Free self Service Payroll | Up to 5 Employees | Up to 10 Employees |
6. Reviews:
Winner: QuickBooks
Positive Reviews for Xero:
- It offers unlimited users for free.
- More than 350 apps are integrated with it.
- Secure
- Ease of use
- 24X7 customer support
- Cannot handle multiple currencies.
- Gives free service payroll to only up to 5 employees.
Positive reviews for QuickBooks Online are:
- Track your income, expenses and profits.
- Send unlimited quotes and invoices on the go.
- Back up your data automatically.
- Security
- Handle multiple currencies.
- Cannot track billable hours by customer.
- Gives free service payroll to only up to 10 employees.
Conclusion:
Hence Xero is the winner in Xero Standard Plan vs QuickBooks Essentials Plan.
Ved Paliwal
Owner of GD Outsourcing Services
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