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TopicXero VS QuickBooks Desktop: How Do These Two Accounting Software Giants Compare?

  • Fri 27th Nov 2020 - 2:41pm

    Which one is best option for your business, Xero vs QuickBooks Online ? Both cloud accounting options offer very similar features, but they are not the same. The difference is in the details.

    New Zealand based Xero has been giving QuickBooks a run for its money since 2006.  It has complex accounting features, 700+ integrations and a new project management feature. Like QuickBooks Online, it’s also a cloud-based service optimized for small to medium-sized businesses. Unfortunately, it is not localized for Canadian small businesses and is priced and billed in U.S. Dollars, with fluctuating billing values due to exchange rate changes.

    Developed in 2004, QuickBooks by United States’ Intuit has advanced accounting features, invoicing, 600+ integrations and a lending feature. It is acclaimed by accountants and bookkeepers and is localized for Canadian small businesses. Intuit has been in Canada for over 30 years. While QuickBooks is Intuit’s desktop accounting software, QuickBooks Online is the cloud-based service. For the Online version, you pay a monthly subscription, instead of an upfront fee, with all the patches and software updates included. It is priced and billed in Canadian Dollars with no changes in billing due to fluctuating exchange rates.

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