Which one is best option for your business,
Xero vs QuickBooksOnline ? Both cloud accounting options offer very similar features, butthey are not the same. The difference is in the details.
New Zealand based
Xero has been giving QuickBooks a runfor 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 UnitedStates’
Intuit has advancedaccounting 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.
