Xero VS QuickBooks Online: Choose Which One is Better?

⁣Welcome to this video which talks about two of the leading online tools for accounting professionals. We will compare the Xero and QuickBooks online here. https://www.dancingnumbers.com/xero-vs-quickbooks/?utm_source=youtube&utm_medium=video&utm_campaign=yogesh

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Advantages of QuickBooks Online

✅ It can accommodate up to 25 users
✅ It has an intuitive designer
✅ It has an excellent reporting capability
✅ It has an easy to set up and use
✅ It provides in-product support and product training
✅ It facilitates easy monitoring of payments for year-end processing
✅ Its an easy system navigation
✅ Its better-suited for mid-sized and fast-growing businesses

Disadvantages of QuickBooks

✅ It might have response time during the peak hours
✅ Some additional features are not displayed on the main navigation screen
✅ Accessing support from within the application can be difficult at times

Xero has been able to give QuickBooks a good run for their money. It has allowed the business owners to have a clear view of their accounting needs, have good control over their expenses, track project performances and maximize tax deductions.

Advantages of Xero

✅ It offers three plans to provide scalability
✅ All plans from Xero support unlimited users
✅ It has a highly intuitive platform
✅ It has an affordable pricing system
✅ It integrates with over 700 external applications
✅ It is easy to set up and use
✅ It has an easy system navigation

Disadvantages of Xero

✅ The option of live customer support is not available
✅ The mobile app of Xero does not offer all the features available in the full software version
✅ Not the best for large businesses