QuickBooks Online Vs Xero : Which Is Better for Canadian business?

A cloud accounting tool is one of the most powerful contributors to the day-to-day running of a company. With a system like QuickBooks Online Vs Xero, you can enjoy a crystal-clear view of your accounting, maximize tax deductions, and even stay on top of projects and time tracking. In terms of the accounting features that most businesses need, QuickBooks Online Vs Xero are both comprehensive tools that tick most boxes. But their approaches are different, and they each have different pros and cons.

Both Xero and QuickBooks Online are optimized for small to mid-sized businesses, so large enterprises with more complex requirements may struggle to tick all of their boxes. But for most small businesses, agencies, retail stores, and startups, there’s a lot to love about both systems.

Here’s our verdict of when to choose QuickBooks Online Vs Xero, alongside a comparison of cost, feature sets, accountant preferences, reporting, and ease of use.

What’s the difference between QuickBooks Online Vs Xero?

QuickBooks is Intuit’s general accounting software, while QuickBooks Online (QBO) is specifically the cloud-based service. For QBO, you pay a monthly subscription rather than an upfront fee, and you get all the patches and software updates from Intuit. In this article, we’ll mostly refer to QuickBooks Online, which is what we think you’ll likely opt for instead of Intuit’s desktop version of QuickBooks.

QuickBooks Online is rated 4.2 out of 5 on Capterra by 3520 users, while Xero has an average of 4.3 from 1880 users.

Summary: when to choose QuickBooks Online Vs Xero

Both QuickBooks and Xero are excellent accounting systems for small businesses, and customer reviews reflect how well the software providers understand their audiences.

Here’s a quick summary of QuickBooks Online Vs Xero

This is to help when to choose QuickBooks Online versus Xero, based on where the two systems excel:

When to choose QuickBooks Online

  1. You want a lot of value at a low price point
  2. You want advanced reporting
  3. You’re in the US

When to choose Xero

  1. You have a growing startup
  2. You love minimalist user experiences
  3. You’re outside of North America