Hello #California Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
Both of them share the same amazing weakness. 1. There is no reverse entry for updated records! For that the GL will never reflect the true actions. 2. There is no true integration between Debit/ Credit memo and the original bill/ invoice! This behaviour creates alot of wrong values for the inventory specially when they use AVG method.
What would be a good accounting for personal use to keep all your pennies and cents organised and have business expense calculated aswell for a cheap or free price?
Hi, Tunex! It sounds like Mint would be a really good option for you to check out. Mint is a free personal finance and accounting software program with great mobile apps. You can budget your expenses, manage savings, retirement plans, and more. Here is our full review so you can check it out: www.merchantmaverick.com/reviews/mint-review/
Xero integrates with ADP as well as Gusto, not to mention hundreds of other apps. So, Gusto is not the only payroll choice. Also, Xero learning curve is intuitive. It’s pretty easy to learn. Xero was born in the cloud; QuickBooks was born on the desktop and has added the cloud. A note about customer service: I am a Xero certified advisor and have great customer service, phone calls, emails, chats, screen shares, etc. I recommend working with a Xero advisor. What is the comparison when working with a QB advisor?
If you are banking with HSBC Quickbooks doesn't work! I've been using it for 1 year and had a lot of connection issues and reconciliation is a mess, sometimes it doesn't update balance as you reconcile. I've basically had support tickets open since I joined and still no fix for the issue. I'm not sure if they have this problems with other banks. I've now switched to Xero. Good luck
This comparison could be a lot more useful. For comparing the sales pages from each vendor it is accurate, but there are things QBO doesn't mention. For example, on the QBO $25 plan (Yes it went up) your Chart of Accounts is limited to 250 accounts / sub-accounts. While Xero has no limit on the number of accounts even on their cheapest level.
Thank you, Steve! We definitely recommend checking out the resources linked in the description. Our posts are more likely to be updated than last year's video. Hope this helps!
@@membershipmovement Check out these posts: www.merchantmaverick.com/wave-versus-quickbooks-online/ as well as our most recently updated Wave Full Review here: www.merchantmaverick.com/reviews/wave-accounting-review/
which one is more suitable for an accounting firm targeting small business clients. Further in terms of access control for posting in books of account which one provides access control for posting transaction
Hi Azther, we apologize for the late reply. Both QuickBooks and Xero have user permissions that can control the access of who posts what. However, QuickBooks has more detailed permissions and a full user audit so you can see exactly which users added information and when. Both would work for managing small business clients. Some accountants swear by Xero, while others swear by QuickBooks, so it really comes down to which software your firm is more comfortable with operating and the anticipated features/needs of your clients. Here's a post of ours where accountants talk about which software they prefer: www.merchantmaverick.com/best-accounting-software-accountants/
Hi Odean! Unfortunately, we don't have an updated video, but we did recently update the comparison post that we based the video off of: www.merchantmaverick.com/xero-vs-quickbooks-online/ Thanks for writing us! We hope this is helpful!
Hi Daniela! QuickBooks or Xero would work, but there are a couple of things to consider. If you're new to accounting software, QBO is a bit more user-friendly. On the other hand, if there will be multiple users of the software, Xero may be the more cost-efficient option (but does have a learning curve). In terms of features and integrations, they're both pretty evenly matched. The good news is you can take advantage of free trials and check out the various integrations for both to see which you prefer. Good luck to you!
Hi and thanks for your question! Our resident accounting expert favors QBO for the small business because it has some more features, but it really depends on what is most important to you. Our full post may be more helpful in making your decision. Check it out here: www.merchantmaverick.com/xero-vs-quickbooks-online/
Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
I wish that Quickbooks 2011 was still supported. Yes, antiquated, but all I need is just basic. Where can I just get basic as they come? And still be able to reconcile accounts? Don't need payroll.
Hi, Scott! Thanks for watching and trusting us with your question. As far as QuickBooks supporting older versions, a license and updates are supported for three years, so that does pose a challenge. Another locally installed option you could look into is AccountEdge. It offers really traditional accounting and upgrades are always optional so older versions are still supported. www.merchantmaverick.com/reviews/accountedge-review/ For more options, check our comparison page where we break down the basics and hopefully you can find something that fits your needs: www.merchantmaverick.com/accounting-software-comparison-chart/ Best of luck!
Hi, Brandon! We checked into this for you, and with QuickBooks Online, you can run profit and loss reports and set the report to display columns by "products/services." Hope that answers your question, and if not, let us know!
Thank you for the explanation. Although I am wondering which accounting software best fits a business that deals in international trading that deals with high volume of goods?
Hi and thanks for your question! In terms of accounting, both Xero and QuickBooks Online could handle the bookkeeping for a business in international trading, but Xero has more complex accounting and reporting than QuickBooks Online. Our accounting expert recommends testing out free trials to see which better fits your needs. The Best Accounting Programs For International Businesses may help you make a decision, too, and here is the link to that post: www.merchantmaverick.com/the-best-accounting-programs-for-international-business/ Best of luck!
I would discourage anyone considering Quickbooks online. As a small business started quickbooks online 28 months ago at 19.99per month. Few months later increased to 22.79per month, then 24 and then 27, etc...We are currently at $42.30 per month. Thats $507 per year and projecting close to 1k per year within 2 years. For small business you can pay $184.99 for desktop and keep it a few years or pay a few thousand dollars for the subscription over a similar amount of time. Quickbooks is using the Bait and Hook practice on their subscriptions which should be illegal.
Hello thanks, great analysis. Can you recommend a CQB software. For quotation and project manager for small busisnes and crm that can integrate with QuickBooks?
Hi, Juan! We recommend you check out Mavenlink. It's a project management software with strong CRM features that integrates with QuickBooks Online. www.merchantmaverick.com/reviews/mavenlink-review/ Hope this helps!
Hello #Juan Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
I use Xero for my business, after a year of constant bank feed problems, either not working or taking 5 days to update I am changing to quickbooks. Xero gets a thumbs down from me .
how is your experience with QBO? i bet the same sh.t if not worse. i moved few months ago, also tired of XEro's limitations, just to find out QBO is another crap system. Also super slow. I have to log out and log in to make sure the system is refreshed and i can assign the project to invoices/bills that i've just created. I am still not clear which of them is worse, but i am really thinking to go back to Xero.
@@MerchantMaverick hear some little tones of sarcasm. but sorry, i was too harsh in my last comment. of course, i appreceate the amount of work was spent to make each of these softwares. But really, in 2021, people send satellites to the space, and QB and Xero can't meet basic needs. Well, thanks anyway for existing. I imagine doing all this with a pen and paper.
Hi and thanks for watching! We may need some clarification on your question. If you are asking if you can add your logo to invoices, yes. But as far as changing the actual interface in the program, no, they stay the same and aren't customizable. We hope this answers your question, but if not, let us know. Best of luck!
@@zaypeaceIslamstories Both Xero and QuickBooks Online support online bank feeds, but you would need to contact Xero or QBO directly to see if your particular bank is supported. In terms of taxes, we haven't heard of either offering the ability to pay taxes straight from the software, but their support teams may have an answer that we don't. Hope this helps!
Hello #Tony Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
I'm not sure Xero online works for middle and large size companies. Xero is too basic not meeting the needs a large company requires. The same for Quickbooks online. A different history is Quickbooks Enterprise Edition desktop. That's a complete and integrated software.
Hi and thanks for sharing your thoughts! We haven't reviewed this one yet but it appears to be well regarded. Do you use Moon Invoice for your business?
Hello #Evelyn_Wilson Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
The one thing I’ve really hated about QBO is the bank feeds. I tried learning how to categorize transactions and I wanted to throw my computer out the window
![What Is QuickBooks and How Does It Work? [QuickBooks Explained]](http://i.ytimg.com/vi/0LNss0gjgfQ/mqdefault.jpg)
![What Is QuickBooks and How Does It Work? [QuickBooks Explained]](/img/tr.png)
![Best Way To DIY Your Accounting Records [Quickbooks vs. Alternatives vs. Xero vs. Spreadsheets]](http://i.ytimg.com/vi/1pLQuiDVyQI/mqdefault.jpg)
Thank you for this! It's awesome for those of us who don't have too much time to read the review article!
We are so glad you find it helpful!
Hello #California
Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh
Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
As a QB Online Accountant, I’m biased. Just the fact that they work great with sales taxes is already a win for me.
Great videos always!
Thanks for stopping by and sharing with us! 😊
Both of them share the same amazing weakness.
1. There is no reverse entry for updated records! For that the GL will never reflect the true actions.
2. There is no true integration between Debit/ Credit memo and the original bill/ invoice!
This behaviour creates alot of wrong values for the inventory specially when they use AVG method.
What would be a good accounting for personal use to keep all your pennies and cents organised and have business expense calculated aswell for a cheap or free price?
Hi, Tunex! It sounds like Mint would be a really good option for you to check out. Mint is a free personal finance and accounting software program with great mobile apps. You can budget your expenses, manage savings, retirement plans, and more. Here is our full review so you can check it out: www.merchantmaverick.com/reviews/mint-review/
@@MerchantMaverick Thank you I have downloaded it and will be going through tutorial for now )))
You're welcome, TUNEX! Let us know what you think of it.
Xero integrates with ADP as well as Gusto, not to mention hundreds of other apps. So, Gusto is not the only payroll choice. Also, Xero learning curve is intuitive. It’s pretty easy to learn. Xero was born in the cloud; QuickBooks was born on the desktop and has added the cloud. A note about customer service: I am a Xero certified advisor and have great customer service, phone calls, emails, chats, screen shares, etc. I recommend working with a Xero advisor. What is the comparison when working with a QB advisor?
Those are very good points you make, Cheryl! If any of our visitors have the perspective of the QB advisor, we'd love to hear about it!
Which solution would you recommend for a growing veterinary clinic?
If you are banking with HSBC Quickbooks doesn't work! I've been using it for 1 year and had a lot of connection issues and reconciliation is a mess, sometimes it doesn't update balance as you reconcile. I've basically had support tickets open since I joined and still no fix for the issue. I'm not sure if they have this problems with other banks. I've now switched to Xero. Good luck
That sounds very frustrating. Thanks so much for sharing your experience with us (and our viewers) We hope you have a much better time with Xero! ☺️
This comparison could be a lot more useful. For comparing the sales pages from each vendor it is accurate, but there are things QBO doesn't mention. For example, on the QBO $25 plan (Yes it went up) your Chart of Accounts is limited to 250 accounts / sub-accounts. While Xero has no limit on the number of accounts even on their cheapest level.
Thank you, Steve! We definitely recommend checking out the resources linked in the description. Our posts are more likely to be updated than last year's video. Hope this helps!
@@MerchantMaverick Will you be reviewing Wave Accounting anytime soon?? Really very interested in them as a replacement for QB Pro
@@membershipmovement Check out these posts: www.merchantmaverick.com/wave-versus-quickbooks-online/ as well as our most recently updated Wave Full Review here: www.merchantmaverick.com/reviews/wave-accounting-review/
Thanks for such an informative comparison. I have now decided which one to choose
Hi, Yolanda! We are glad this could help you make a good choice. Which one did you decide on?
Lots of great information. Thanks for the side by side comparison
Can we create Sale Recipt and Refund Recipt in xero?
Hello and thanks for visiting, Asad! Xero does not currently support sales orders. You can use credit notes to issues refunds to customers, however.
which one is more suitable for an accounting firm targeting small business clients. Further in terms of access control for posting in books of account which one provides access control for posting transaction
Hi Azther, we apologize for the late reply. Both QuickBooks and Xero have user permissions that can control the access of who posts what. However, QuickBooks has more detailed permissions and a full user audit so you can see exactly which users added information and when. Both would work for managing small business clients. Some accountants swear by Xero, while others swear by QuickBooks, so it really comes down to which software your firm is more comfortable with operating and the anticipated features/needs of your clients. Here's a post of ours where accountants talk about which software they prefer: www.merchantmaverick.com/best-accounting-software-accountants/
This video is outdated. Is there an updated version 2021?
Hi Odean! Unfortunately, we don't have an updated video, but we did recently update the comparison post that we based the video off of: www.merchantmaverick.com/xero-vs-quickbooks-online/
Thanks for writing us! We hope this is helpful!
What do you think is the best software for personal trainer company
Hi Daniela!
QuickBooks or Xero would work, but there are a couple of things to consider. If you're new to accounting software, QBO is a bit more user-friendly. On the other hand, if there will be multiple users of the software, Xero may be the more cost-efficient option (but does have a learning curve). In terms of features and integrations, they're both pretty evenly matched. The good news is you can take advantage of free trials and check out the various integrations for both to see which you prefer. Good luck to you!
Thanks for this! Which would you suggest for a one person trucking company, LLC.?
Hi and thanks for your question! Our resident accounting expert favors QBO for the small business because it has some more features, but it really depends on what is most important to you. Our full post may be more helpful in making your decision. Check it out here: www.merchantmaverick.com/xero-vs-quickbooks-online/
Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh
Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
Xero has no calendar for invoicing! Such an important and simple feature and they dont have it. QB has it
Thanks for weighing in with your thoughts!
do you have to buy quickbooks every year?
Every month :p
I wish that Quickbooks 2011 was still supported. Yes, antiquated, but all I need is just basic. Where can I just get basic as they come? And still be able to reconcile accounts? Don't need payroll.
Hi, Scott! Thanks for watching and trusting us with your question. As far as QuickBooks supporting older versions, a license and updates are supported for three years, so that does pose a challenge.
Another locally installed option you could look into is AccountEdge. It offers really traditional accounting and upgrades are always optional so older versions are still supported. www.merchantmaverick.com/reviews/accountedge-review/
For more options, check our comparison page where we break down the basics and hopefully you can find something that fits your needs: www.merchantmaverick.com/accounting-software-comparison-chart/ Best of luck!
Not good enough for construction to only report PER PROJECT... this is not detailed enough! Can QBO report Profit and Loss PER PRODUCT / SERVICE?
Hi, Brandon! We checked into this for you, and with QuickBooks Online, you can run profit and loss reports and set the report to display columns by "products/services." Hope that answers your question, and if not, let us know!
Thank you for the explanation. Although I am wondering which accounting software best fits a business that deals in international trading that deals with high volume of goods?
Hi and thanks for your question! In terms of accounting, both Xero and QuickBooks Online could handle the bookkeeping for a business in international trading, but Xero has more complex accounting and reporting than QuickBooks Online. Our accounting expert recommends testing out free trials to see which better fits your needs. The Best Accounting Programs For International Businesses may help you make a decision, too, and here is the link to that post: www.merchantmaverick.com/the-best-accounting-programs-for-international-business/ Best of luck!
@@MerchantMaverick Thank you! :)
@@voyevodajoy6039 We are happy to help. Thanks for visiting and come back soon. 😊
I would discourage anyone considering Quickbooks online. As a small business started quickbooks online 28 months ago at 19.99per month. Few months later increased to 22.79per month, then 24 and then 27, etc...We are currently at $42.30 per month. Thats $507 per year and projecting close to 1k per year within 2 years. For small business you can pay $184.99 for desktop and keep it a few years or pay a few thousand dollars for the subscription over a similar amount of time. Quickbooks is using the Bait and Hook practice on their subscriptions which should be illegal.
What are you using currently
Hello thanks, great analysis. Can you recommend a CQB software. For quotation and project manager for small busisnes and crm that can integrate with QuickBooks?
Hi, Juan! We recommend you check out Mavenlink. It's a project management software with strong CRM features that integrates with QuickBooks Online.
www.merchantmaverick.com/reviews/mavenlink-review/ Hope this helps!
Hello #Juan
Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh
Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
I use Xero for my business, after a year of constant bank feed problems, either not working or taking 5 days to update I am changing to quickbooks. Xero gets a thumbs down from me .
Thanks for sharing. It helps us to understand what business owners experience.
how is your experience with QBO? i bet the same sh.t if not worse. i moved few months ago, also tired of XEro's limitations, just to find out QBO is another crap system. Also super slow. I have to log out and log in to make sure the system is refreshed and i can assign the project to invoices/bills that i've just created. I am still not clear which of them is worse, but i am really thinking to go back to Xero.
@@XAE_A_Xii Thanks for sharing this. Hopefully you can find something a lot less frustrating!
@@MerchantMaverick hear some little tones of sarcasm. but sorry, i was too harsh in my last comment. of course, i appreceate the amount of work was spent to make each of these softwares. But really, in 2021, people send satellites to the space, and QB and Xero can't meet basic needs. Well, thanks anyway for existing. I imagine doing all this with a pen and paper.
I’ve used QBO professionally for one year and the bank feed is interrupted at least quarterly.
Can you attached websites and logos and insert websites attached to these accounts
Hi and thanks for watching! We may need some clarification on your question. If you are asking if you can add your logo to invoices, yes. But as far as changing the actual interface in the program, no, they stay the same and aren't customizable. We hope this answers your question, but if not, let us know. Best of luck!
Thanks, easy to link to Monzo and starling online banks ?
I also means when paying tax I can send striage to HMRC?
@@zaypeaceIslamstories Both Xero and QuickBooks Online support online bank feeds, but you would need to contact Xero or QBO directly to see if your particular bank is supported. In terms of taxes, we haven't heard of either offering the ability to pay taxes straight from the software, but their support teams may have an answer that we don't. Hope this helps!
I have now decided which one to ch Thanks for this!
Both updated their pricing.
Hello #Tony
Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh
Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
I'm not sure Xero online works for middle and large size companies. Xero is too basic not meeting the needs a large company requires. The same for Quickbooks online. A different history is Quickbooks Enterprise Edition desktop. That's a complete and integrated software.
Thanks for your thoughts, Pablo!
thanks for the info!
Very Informative
For the best Invoice Alternative, You can try professional billing and invoicing software by moon invoice.
Hi and thanks for sharing your thoughts! We haven't reviewed this one yet but it appears to be well regarded. Do you use Moon Invoice for your business?
Hello #Evelyn_Wilson
Hire an Expert Accountant for "#Xero_Accounting_Software" at cheap price (Affiliate Link):rb.gy/c6spuh
Hire an Expert Accountant for "#Quickbooks_Online" at cheap price (Affiliate Link):rb.gy/mnjo6h
The one thing I’ve really hated about QBO is the bank feeds. I tried learning how to categorize transactions and I wanted to throw my computer out the window
Well that sounds frustrating! Thank you for letting us know what your experience was. That is very helpful!
make some free money and put affiliate links for both companies in the description
Ira S, thank you for your comment! We do have our resources linked in the description if you are interested in learning more.
150 dolloars a month?!!!
Videos that are out-of-date should be replaced with current information.
Xero is more friendly to use than Quickbook.
Hi there! Thanks so much for stopping by our channel and sharing your thoughts. 😊