XERO VS QUICKBOOKS – WHICH ONE IS BETTER?

https://www.youtube .com/watch?v=vyPDApo-gE0

Wondering what’s better Xero or QuickBooks? In this video Dan & Kelly run you through a brief look how this can help your small business.Topics including:What is QuickBooks What is Xero How does QuickBooks work How does Xero work QuickBooks Demo Xero Demo Do you need accounting software Does accounting software save time Does accounting software save tax Getting paid quicker Email invoicing Bank feeds Xero Quickbooks Saving tax Xero vs Quickbooks HubDoc Receipt Bank….. and more!Buy QuickBooks below retail price here: https://www.heelanassociates.co.uk/quickbooks-online-essentials-monthly-subscription/ Buy Xero below retail price here: https://www.heelanassociates.co.uk/xero-standard-monthly-subscription/If you have further questions – please get in touch below.You can see more about what we get up to on the following:LinkedIn (Dan): https://www.linkedin.com/in/danheelan/ Instagram (Dan): https://www.instagram.com/danheelan/Instagram (Company): https://www.instagram.com/heelanassoc… Facebook (Company): https://www.facebook.com/HeelanAssoci… Twitter (Company): https://www.twitter.com/HeelanAssocs Web: https://www.heelanassociates.co.uk Call: 02392 240040 Email: [email protected]#selfemployed #cloud #limitedcompany #book-keeping #QuickBooks #Xero

35 thoughts on “XERO VS QUICKBOOKS – WHICH ONE IS BETTER?

    1. Difficult to say Manik, we have travel agency clients on both of these and both work well! User preference these days, or if cost is an issue, QuickBooks!

  1. Enjoyed your video. I think from what I’ve seen from your video Quickbooks would be better from a bookkeepers viewpoint. Thanks.

    1. Quickbooks is a great product. Since we did this video some time ago, the product has improved greatly! We want to record a newer one soon….

    1. @Heelan Associates I would also appreciate this! I’m starting a new business and have received a free FreeAgent subscription with my new Natwest Business Account. My accountant uses Sage and has recommended this for their own ease (I’m assuming), but I’m not sure whether to go with Zero or Quickbooks as recommended by yourself. The business will have few employees (<5) and is in hospitality (think cafe).

  2. Hi, if I making payment for phone, diesel, or some other things from my personal bank account , buy this for company usage , can I still add and business bank account and personal bank account to Xero to control expenses? Thank you

    1. You could, just can get a little messy.

      Often it’s better to just key in those expenses as ‘bills’ and pay off via your drawings or directors loan account (ltd) inside the software.

  3. We are a company located in Canada and are looking to transition from Quickbooks 2016 Desktop to QBO or Xero.

    Was wondering what you recommendation for a import wholesale business that is seasonal (functioning only 6 months out of year) We will need to use an inventory management software such as Cin7 or Fishbowl to manage out inventory and was wondering which one would integrate better overall.

    Lastly, who do you think is more innovated in the market? Who do you think will be better and preferred 10 years down the line?

    Thanks!

    1. Hi there. Desktop QB ’16 was probably the best thing ever made :- ) (we still internally sometimes!).

      Your best bet (without knowing the detail) is probably Xero + separate stock management system. As the market leader, most other apps are tending to build integrations with Xero.

      That said, gut feeling is in 10 years time we will still have the same 2-3 players competing in the space.

  4. Note with QBO: If you want a most basic feature – marking an expense as billable and invoicing it back to a client – you must buy a premium plan with Quickbooks that gives you hundreds of features you don’t care about. It’s like a ruse – such a basic feature “billable expenses” singled out to push you into a higher plan…

    1. Xero is similar in this, their projects module is extra. Thing is most people don’t need it. In our client base for example I think we two.

  5. Greetings, Most of the transactions in my company are Cash, Which one would be more suitable for me, Xero or QB?

    1. Both would work actually! Probably not a preference for this. I guess maybe QBO might be slightly more intuitive / cost effective in this scenario , but honestly both would handle well.

    1. These next few weeks! 10 of my team are attending ‘Xerocon’ next week so just waiting for any exciting product news before doing a much bette version of this classic!

    2. I’m stuck between the two as well. Looking forward to newest update when you get a chance. I have three small businesses and am desperate to get them organized online if these two programs. Just not sure which yet.

  6. Go XERO. Ive had a tonne of small issues with QB but the nail in the coffin was when they allowed someone to fraudulently claim ownership of my account, access all of my, my clients and my employees sensitive information and theyve taken no responsibility. People say their customer service is good but everything they tell me I have to redo at tax time when my accountant says Ive done it all wrong. Theres a reason accountants refer to Quickbooks as Shitbooks 😆

    1. I’ve not heard that term but did make me chuckle 😂 not heard a horror story like this yet but it’s good to share.

  7. Hi,
    What about free software or at least partly free (depending on plan)? Do you have any that you would recommend?
    (I’m just thinking about starting businesses / sole trades or just small turnovers)

    1. The ‘best’ free software is probably to get a natwest/mettle account and get a free “FreeAgent” licence, but depending on your business Xero/Quickbooks is likely still the best investment.

  8. Hubdoc has eliminated the ability to manually add Auto-Connections to Xero. Instead they dumbed down to just their predefined 3-companies: (Bank-of-America, Stripe, and Wells Fargo). These three (3) are your only banking download options to-date Oct 2022, before they had 700+. The whole concept of auto-polling banks statements, verizon cell phone bills, comcast tv, ethernet providers, electrical suppliers, loans, etc has been eliminated. Auto Connections went from 700 predefined to just 3. You cannot define any auto-download, only their predefined 3 banks. No longer worth the any monthly price. Was their saved login/password security compromised? Resulting in killing all auto-connections, their most valuable feature?

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