To see a list of options sorted by deployment, industry, and features, check out our accounting software selection tool. Accounting and invoicing software performs a key role in tracking your business’s finances. It helps you keep an accurate record of your books, as well as get paid via invoices. Two popular small business accounting software programs are FreshBooks and Xero. Paychex is a cloud-based payroll management system offering payroll, HR, and benefits management systems for small to large businesses. Paychex covers payroll and taxes, employee 401(k) retirement services, benefits, insurance, HR, accounting, finance and Professional Employer Organization (PEO).

Cloud-based accounting software is relatively simple, so you don’t have to worry too much about piecing together a multi-module product suite like you might with ERP or marketing automation. However, Xero’s higher-tier plans are more expensive than FreshBooks’ premium offerings. FreshBooks also offers customized pricing for large enterprise customers, while Xero only offers three preset plans. Xero offers 24/7 support for its customers, while FreshBooks only provides phone and email support during office hours. Its users need to integrate these services using Bench Accounting. Additionally, as with FreshBooks, Xero includes a Gusto integration ― however, this integration doesn’t incur extra fees.

How similar is Xero to QuickBooks?

Xero and FreshBooks are just among many accounting software solutions that can be used to manage your e-commerce business and other businesses. Other great options you could try out include QuickBooks online, Zoho Books, and Stripe. Xero limits users to 20 invoices per month on its basic plan while its other two plans offer unlimited invoicing access. Xero grants users access to 800+ integrations to third-party apps to improve the overall running of your small business.

Across the board, we found Xero’s built-in integrations ― and roughly 100 additional integrations ― to be approachable and powerful. Being able to cash book: meaning types and example create and send invoices on the go means no delays and no accounting headaches waiting for you. You can use the FreshBooks automated bookkeeping software wherever you have access to the internet, so let FreshBooks take care of your invoicing worries while you sit back and relax. Promotional offers for both monthly and yearly plans are for a limited period.

Expense Tracking

Xero also allows companies to be paid via invoice and disposition in commercial real estate it can also help businesses receive payments in time by automatically debiting customers’ bank accounts whenever invoices are due. Like FreshBooks, it offers debit and credit card payments, bank-to-bank payments and Apple Pay or Google Pay via Stripe. While FreshBooks’ security is based solely on the Payment Card Industry Security Standards, Xero adds an additional layer of security to its online invoices and payments system.

That said, Xero makes up for its user-friendliness shortcomings through tutorial videos and a demo company feature. In Xero, you can view the platform as a demo company with pre-recorded data, which makes it far easier to see how the platform will look and operate when you input your own business’s data. There’s a reason FreshBooks made it on Zapier’s list of the best self-employed accounting software, while Xero made it on the list of the best accounting software for bigger businesses. Intuitive, customizable invoicing capabilities compete with those of more robust accounting solutions. Some of the links that appear on the website are from software companies from which CRM.org receives compensation. This site does not include all companies or all available Vendors.

Easier Accounting and Exceptional Support, Sounds Like the Fresh Start You’ve Been Looking For

To know which might be right for your needs, check out our FreshBooks vs. Xero comparison. The offers that appear on the website are from software companies from which CRM.org receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

You get unlimited users no matter which Xero tier you opt into, and your subscription price won’t vary based on user numbers. You can jump from one tier to another whenever your business is ready, not when you hit an arbitrary user cap. The quality you get for the amount you spend is the essence of bang for your buck. FreshBooks is a super-easy-to-use accounting software built specifically for small business owners, letting you easily do everything yourself.

1. Xero limits users to 20 invoices per month on its basic plan while its other two plans offer unlimited invoicing access.
2. Choosing the right accounting software can ensure your small business manages its finances well.
3. Paycor’s HR software modernizes every aspect of people management, which saves leaders time and gives them the powerful analytics they need to build winning teams.
4. If you’re looking to switch products, they can migrate your accounting data in as little as three hours.

Our mission is to help technology buyers make better purchasing decisions, so we provide you with information for all vendors — even those that don’t pay us. The biggest benefit of cloud-based apps is that you don’t need to install a desktop version of the software. Hubdoc is included with all Xero plans, allowing you to capture, extract and store data from documents scanned using your smartphone. Ultimately, Xero what are functional expenses a guide to nonprofit accounting and FreshBooks are both solid software options targeting different users. Both vendors offer reporting, analytics and data visualization to meet the demands of companies that wish to become data-driven. In contrast, Xero can run payrolls without customers needing to integrate other solutions, which comes at a cost.

Deel handles everything from salary and tax payments to payslip distribution and compliant hiring processes. With 24/7 in-app support featuring a rapid 1.25-minute response time and dedicated Customer Success Managers, Deel is with you every step of the way. Xero also provides 24/7 support, which may or may not be a dealbreaker for you.