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For example, you can track sales based on sales representatives working on ways to motivate the sales force to generate more revenues. FreshBooks doesn’t allow users to get deep into the weeds with customizations. Intuit QuickBooks is a popular accounting software program that has been around for years. It’s beloved by many small business owners for its comprehensive features and its ability to integrate with pretty much anything out there. FreshBooks, on the other hand, hasn’t traditionally been as popular because it focuses on the much smaller end of the business market. Xero’s app includes the basics, like sending invoices and assigning expenses, but its capabilities are a bit limited.

However, if you don’t need all those features and just want something to help you keep track of your income and expenses, FreshBooks may be a better fit. These features are either not as robust with FreshBooks or are only accessible by upgrading to a more expensive plan. Xero is cloud-based accounting software designed for small-to-medium-sized businesses.

Use interfaces, data tables, and logic to build secure, automated systems for your business-critical workflows across your organization’s technology stack. When explaining amortization in the balance sheet comparing the reports generated by FreshBooks vs. Xero, I found Xero’s to consistently provide more detail and offer more flexibility with data presentation than FreshBooks’. FreshBooks is best equipped to serve small business owners without much accounting experience.

Inventory management

1. Kimberlee Leonard has 22 years of experience as a freelance writer.
2. Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
3. Some integrations, such as Float, help users make critical decisions about cash flow and prepare for various business scenarios.
4. 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.
5. Where FreshBooks limits the number of clients to five on its Lite plan, QuickBooks is unlimited on all its plans.

It has all the functionality you need to manage transactions, calculate payments and track projects at an affordable entry point. One of the advantages of using Xero is that it can save businesses time and money. With Xero, businesses can eliminate the need for paper records and reduce accounting fees. The software is also updated automatically, so businesses always have the latest features and security patches.

Can support larger small businesses with dozens of employees; highest-tier plan includes 25 users. Xero is an accounting software best suited to small businesses looking for high-level accounting systems. FreshBooks is better geared toward freelancers how insurance works and very small businesses that need to send a lot of invoices to clients. Though they have different functionalities, both made our list of the best accounting software. While FreshBooks has a live chat option for sales inquiries, you have to send an email or request a phone call for customer support. ET, so if you’re having a late-night issue trying to sort out an invoice, you’ll have to wait until morning for in-person help.

Xero VS QuickBooks Online: 2024 Comparison

Xero also includes unlimited users, whereas FreshBooks only provides access to multiple users for an additional monthly fee. This makes Xero a better choice for growing businesses that are constantly adding new employees. Add-ons include QuickBooks Payroll, which starts at $50/month plus $6/month per employee. QuickBooks Payments allow you to accept ACH, credit card, debit card, and other payments at rates of 1% to 3.5% per transaction. Live bookkeeping services for additional help with your books start at $50/month.

Kristy’s work also appears in Newsweek and Fortune, focusing on personal finance. Both FreshBooks and Xero are cheaper than QuickBooks while offering many of the same functionalities. QuickBooks has more inventory management and budgeting tools than FreshBooks. QuickBooks also has a more intuitive interface than Xero as well as a desktop version. In the battle of FreshBooks vs. Xero, we don’t think one is the ultimate winner.

Invoicing

Other popular integrations include BILL, Fundbox, Dext and Synder. Some integrations, such as Float, help users make critical decisions about cash flow and prepare for various business scenarios. Both FreshBooks and QuickBooks are popular accounting software programs because they meet the needs of a wide range of clients.

Neither Xero nor QuickBooks Online is lacking when it comes to features. Both have basic accounting features, including invoices, estimates, bank reconciliation, expense tracking, and journal entries. With both controller salary levels jobs programs, advanced features like time tracking and inventory management are available on select plans.