7 things about Xero you want to know

7 things about Xero you want to know. Before starting with this let me give you the brief idea about Xero. What Xero is. Xero is a cloud based accounting software which makes accounting quick and painless for small and medium sized business owners. Bank transactions are automatically fed into your accounting software, eliminating the need for manual data entry. Invoices can be created, customized and sent on the fly.

Now coming back to 7 things about Xero you want to know.. These are as follow:

• Signing to Xero account: If you are the new user to Xero then you have to create an account in Xero and activate the account through a link in email. As soon as you activate your account, you can add your organization to Xero and can start with your accounting in Xero.

• Pricing: Xero encourages new users by giving them a period of free access when starting. Xero gives all the new clients a two months free period. Beside this free period, Xero offers different pricing ranges namely: Starter plan for $20USD/month, Standard plan for $30USD/month, Premium plan for $40USD/month. 

• Add-Ons: There are 400+ add-ons integrated with Xero. You can check which add-on is good by checking the rating list given on each of these add-ons.

• Banking and bank accounts: You can add your bank account and their balances when setting up the Xero account. Then you will get bank feeds on the regular basis. The transactions are done using PayPal.

• Invoices and Bills: Xero generates repeating sales invoices and bills automatically according to the schedule you had set.

• Privacy: Xero offers full privacy. It does not leak your bank accounts details. Whatever the data is owned by you only, Xero does not owns any data.

• User access: Xero gives this opportunity to give access to whom to use your account and how much. For instance, If you want a staff member to do data entry only, give them “Invoice Only”. and if you want a manager to have a look at the report, give them “Read Only”,

Hence, by following these steps you can use Xero very easily. 7 things about Xero you want to know can turn to be a milestone in your business if you follow them properly.

If you have any queries regarding this, Please feel free to ask.

Ved Paliwal
Owner of GD Outsourcing Services

Xero vs QuickBooks | Starter Plan Start Plan Comparison as a User

As of 23rd June,15

Well it is difficult to compare Xero vs QuickBooks Online as they both offers different plans which have many similarities and is differentiated in many aspects too.
Similarities are:

• Both Xero vs QuickBooks Online are cloud-based.
• Both include free mobile apps for iPhone/iPad and Android devices. Etc.
  VS
  
  Winner: QUICKBOOKS

Talking about similarities is not our concern. Our point of concern is to differentiate both and finding which is better.. Xero Starter Plan or QuickBooks Online Start Plan for Micro Business?
If you want to compare other plans, visit:

• Xero Standard Plan vs QuickBooks Essentials Plan
• Xero Premium Plan vs QuickBooks Plus Plan

Xero vs QuickBooks Online starts here:

1. Pricing: 
Winner: Quickbooks
Xero offers the initial package of $20/month which is named as “STARTER”. Whereas QuickBooks offers the package of $12.95/month which is termed as “SIMPLE START”.


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 allow only one user 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 is also an open source but it lacks behind Xero as its efficiency is poor than Xero.

5. Features: 
Winner: QuickBooks
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	Only 5 invoices	Unlimited
Access data online tablet, or smartphone	Yes	Yes
Back up your data automatically	Yes	Yes
Free support, 24/7	Yes	Yes
Bank transactions	20	Unlimited

 

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

Negative Reviews for Xero: 

• Limited mobile functionality.
• Create and send only 5 invoices and bill.
• Reconcile 20 bank transactions.

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 

Negative reviews for QuickBooks Online:

• Cannot handle multiple currencies.
• Don’t have control on what your users can access.

Conclusion:
Hence by comparing Xero vs QuickBooks Online, we had gone through the conclusion that on a basic level i.e for a micro level and single handed business QuickBooks Online is the winner as Xero limit to 5/20 invoices/transactions while QuickBooks allows unlimited transaction.

Ved Paliwal
Owner of GD Outsourcing Services