There used to be a bit more friction with Xero here, but now it's just as easy as QBO to sync your bank account. Similarly, Xero has an equally user-friendly dashboard that's aligned with the minimalist vibe of the rest of their product:īoth QuickBooks and Xero are easy to set up and offer a huge range of banking integrations for many regions. We love QuickBook's simple yet customizable layout, offering a quick overview of profit and loss, expenses, bank account balances, invoices, and sales. Your best option here will probably come down to the user interface you enjoy using most. QuickBooks and Xero both have excellent dashboards that give you an easy glimpse of all of your main business metrics after logging in. QuickBooks Online is rated 4.2 out of 5 on Capterra by 3520 users, while Xero has an average of 4.3 from 1880 users. In this article, we'll mostly refer to QuickBooks Online, which is what we think you’ll likely opt for instead of Intuit’s desktop version of QuickBooks. For QBO, you pay a monthly subscription rather than an upfront fee, and you get all the patches and software updates from Intuit. QuickBooks is Intuit’s general accounting software, while QuickBooks Online (QBO) is specifically the cloud-based service. What’s the difference between QuickBooks and QuickBooks Online? QBO claims that customers find on average $3,534 in tax savings per year. QuickBooks has an estimated 80% market share in the US. QuickBooks has been in the market for longer than Xero, is very well-developed, and is generally loved by accountants - especially in the US market, which QBO has dominated. QuickBooks claim on their website that 98% of customers say that their solution helps them run their business more easily, and we can see why: there’s a reason that QBO has built such a solid reputation. With their cloud-based system, businesses can streamline many of their repetitive tasks and processes by managing bills and invoices, tracking projects, and even tracking miles automatically with a smartphone.

QuickBooks Online, the market-leading accounting software from Intuit, offers “Smarter business tools for the world’s hardest workers”.

Xero accounting software comparison