It’s available online 24/7, which is great for businesses that have unusual operating hours. You’ll just submit a support ticket, where you can attach any files that may make things easier to troubleshoot. If necessary, you can also give a Xero support person access to your account so they can take a closer look. Xero doesn’t have a phone number customers can call, but it can provide a callback if necessary. Both FreshBooks and Xero have a hearty number of apps you can integrate for further functionality. Xero offers built-in integrations for superior connections, including Shopify, Hubdoc, Stripe and HubSpot.
If you’re in the market for accounting software, you might be feeling overwhelmed by all the options out there. While Xero and QuickBooks are wildly popular, they’re not the only options available. There are a number of alternative accounting software programs that can offer powerful features and a user-friendly interface.
It can be easily accessed from any device, from your PC (Windows desktop) or Mac desktop to your mobile phone. Xero’ business model is to get people ‘hooked’ and slowly up the price. Sometimes even charging for things that were already part of the product and calling it an add on feature.
Entry-level plan limits bills and invoices to five and 20 per month, respectively. QuickBooks has a wide network of what is sganda margin formula + calculator banking partners, making it easy to securely import your bank feeds from a variety of banks and credit card companies. This seamless integration saves time, ensures accuracy, and eliminates manual errors.
Total cost per year is calculated by adding all the features that require additional fees. Track mileage, send invoices and get a snapshot of your business cash flow with both Xero and QuickBooks. While Xero’s lowest-tiered plan allows you to send and approve up to 20 invoices, partner apps that initiate transactions can automatically contribute to your limit.
It has comparable invoicing features, but lacks an audit trail and doesn’t integrate with third-party apps. If snapping photos of receipts to claim expenses on the go is a key mobile feature you’d like to have, regardless of plan level, QuickBooks Online might be a better fit. Robust feature set includes thorough record-keeping, comprehensive reporting, excellent invoicing and inventory management, plus a capable mobile app. Another option is Wave, which is a free accounting software program that includes invoicing, payroll, double-entry and sales tax tracking. Whatever your needs, there’s sure to be an accounting software program that’s a perfect fit.
Comparing FreshBooks and Xero side by side shows that their starting prices aren’t bad—though Xero is the cheaper option for both the introductory and regular offers. If you’re looking to pay bills regularly, it makes more sense to Xero, as you can pay five of them on the base plan. However, time tracking and invoicing lean in favor of FreshBooks, which offers unlimited use compared to Xero’s restrictions. Both made our list of the top invoicing software, however, so you really can’t go wrong with either. Wave Accounting is a free accounting solution for very small service-based businesses, contractors, freelancers and consultants. If you can’t justify paying for QuickBooks Online or Xero or they have too many features your business doesn’t need, Wave might be an ideal alternative.
