If you are overwhelmed by financial paperwork, you rely on spreadsheets to understand your business’s financial position, or you can only work on your accounts when you’re in the office, a cloud-based accounting solution will offer you undeniable benefits. Two of the most popular packages – Xero and Quickbooks – are widely used by small businesses, but it is vital that you choose the software that will offer the best return on investment.
In this article, we'll help you decide which software solution is the best fit for your small business.
QuickBooks Vs Xero for Small Businesses: Which Is Right For You?
So, when weighing up Quickbooks or Xero online accounting, what are the decisive factors that could influence your decision?
Cloud Accounting Convenience
Both Xero and QuickBooks are cloud-based accounting solutions, offering you the convenience of accessing your financial data anytime and anywhere. With cloud accounting software, you don’t need to host the platform on your premises, and all critical data is securely stored remotely, so you can access it from any compatible device whenever you need. Both Xero and Quickbooks provide all the features and tools needed, such as automated bank feeds, making it easier for your accountant to work with you to address problems or fix errors.
The Proven Efficiency Of QuickBooks
QuickBooks online accounting boasts a long history in the accounting software market and is especially popular in the United States. Claiming that 98 per cent of its customers love its efficiency in helping businesses to run smoothly, Quickbooks is a reliable choice for many. Having served small businesses for years, it has been designed with a wealth of features that are tailored to their needs so you can be confident that Quickbooks will offer the tools you need to efficiently manage your accounts.
Xero: Simplicity Meets Power
Xero, on the other hand, is popular with its users, particularly in the startup world. Renowned for its user-friendly interface, Xero is easy to navigate for users of all levels of technological competence. Despite its simplicity, Xero is a powerful tool that offers comprehensive financial management capabilities for small business owners and their accountants.
User Accessibility
In terms of accessibility, Xero has the edge. Offering unlimited users, the software is ideal for businesses with multiple team members who need access to critical financial data. QuickBooks, in contrast, has a maximum limit of 10 users which can be restrictive for some companies.
Similar Services, Different Appeal
Both Xero and QuickBooks offer a broad range of features that cover essential accounting needs, such as invoicing, expense tracking, and payroll. Which solution you choose will often be a personal decision based on individual preferences and specific business requirements.
Find Out More From The Xero Experts
At Vanilla Accounting, we can provide and set up Xero accounting software on your behalf, helping you to streamline your financial management and eliminate the bottlenecks and obstacles that prevent you from growing your business.
To find out more, please get in touch with Vanilla Accounting today.
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