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. Overall, Xero is an efficient and cost-effective way for small businesses to manage finances.
Growing
- While Xero’s lowest-tiered plan allows you to send and approve up to 20 invoices, partner apps that initiate transactions can automatically contribute to your limit.
- You’ll also get partner-only pricing plans to offer your clients.
- We compared the two options in terms of their key features, pricing and customer service to help you decide which is right for your business.
On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. Xero’s online accounting software is designed difference between depreciation and depletion to make life easier for small businesses – anywhere, any time. Access client and practice management software that will transform the way you work. You’ll also get partner-only pricing plans to offer your clients.
Get free software
Xero processes payment through a payment gateway like Stripe, GoCardless and others. Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor). Xero has pricing plans to 4 tips for becoming an independent contractor suit your business, no matter its size or stage. Xero accounting and bookkeeping partners can also offer basic plans to clients who just need the essentials.
Centralized working and practice management
Xero partners have access to a wealth of business and accounting tools to support their clients, market their accounting practice, and grow their business. As you move from new partner to bronze, silver, gold and platinum status levels, you’ll unlock more and more benefits. Xero is accounting software for your small business clients. Work faster using Xero HQ in your bookkeeping or accounting practice. Xero’s practice software and data work seamlessly together to create an integrated accounting practice management solution.
Xero also integrates with other business applications, such as payroll and inventory management systems. This makes it a versatile tool for small businesses that need to streamline their operations. Xero and QuickBooks are both great accounting software options for small businesses.
Work smarter and faster online with business professional bookkeeping service clients if they’re using Xero. Request, store and manage accounting working papers and workflows; plus receive and respond to queries. Easily share access and collaborate with your team, your clients, and with Xero support.
This is because QuickBooks was designed for small businesses that might not have an accounting background, whereas Xero was designed with accountants and bookkeepers in mind. QuickBooks is also better for businesses that need to track inventory, as it has built-in inventory management features. Xero also has inventory management, but it’s not one of its core functions. QuickBooks is available both online and via desktop and is ideal for businesses that outsource their accounting tasks to a bookkeeper or accountant. This is because QuickBooks only allows up to 40 users for its highest-tiered plan, and even then, some plans require every user to pay for their own account.
Real-time bookkeeping software puts you in control of your workflow. Spend less time on data entry and more time on your business. Manage practice workflow, jobs, tasks, timesheets and invoicing with Xero’s practice management software.