With so many online accounting services available these days, Kirkwood Wilson compares Xero, QuickBooks and Sage to see which piece of software comes out on top. Read on to find out which accounting software we believe adds up to the greatest gains for you and your business.
Xero or Sage for online accounting software?
Xero is a leader within the accounting software industry because it allows users to control every aspect of their finances from their mobile. Xero lets you and your employees set reminders about payroll and invoicing, so nothing important is ever overlooked.
Sage, a fellow online accounting program, is in the process of installing this particular tool, as well as a function to record the time each project takes. Given that Xero already boasts this feature, this is an early victory for Xero.
Xero provides the potential to monitor the spending habits of your clients and customers. So does Sage, along with tools that give you the power to work out personal and corporation tax rates. However, Xero goes one step further and issues professional quotes that can be customised and turned into invoices, meaning that your employees could make typically faceless interactions more personal.
Both Xero and Sage offer the power to store all of your documents in one area for total convenience. Once again though, Xero has the edge when it comes to document storage because it offers the ability to view transactions and invoices, as well as the ability to attach several different documents to invoices, so customers can monitor their spending habits.
Overall, both programs are extremely advanced in the field of online accounting software but, with more advantages and accessories currently running on their app, Xero steps further into the lead.
Which is better, Xero or QuickBooks?
Another giant on the scene of online accounting software is QuickBooks. The main benefit of their program is that you can streamline the time, money and interactions involved with each project you undertake. This accessory would greatly improve the time management of your employees, and provides a clear overview of your clients’ spending habits.
While this is impressive, Xero yet again jumps ahead with its online accounting dashboard. This feature offers the power to see all of your bank account information in one place, in the form of charts and diagrams to make the details even clearer. Never again will an outstanding invoice be a problem because it shows you how long an invoice has been outstanding and the amount owed.
Despite that, QuickBooks manages to pull things back in its favour by offering continual professional development for all subscribers to the app. This entails gradually earning CPD credits and official QuickBooks Certification to highlight your expertise to your clients.
It’s here that Xero manages to throw in one last curveball with its business performance dashboard. This accessory displays the whole of your business dealings at a glance, which in itself offers endless professional development to your employees because they can continuously remain on top of what they are doing well and what they need to improve on. Detailed graphs showing profits, sales and debt are also included which is why, despite QuickBooks’ various helpful tools, we feel Xero is better.
To conclude, thanks to its numerous time-saving and organisational features, Xero comes out victorious. Its competitors were fierce but could not match the advanced software of Xero. Call us for a Xero consultation on 01704 546000, or for more information about its services.