We do not compare or include all service providers, brands and offers available in the market. The platform stands out for its combination of simplicity and functionality, making it accessible for businesses of all sizes. From the quick setup to the intuitive interface and support resources, users can efficiently manage their finances without unnecessary complications.
While live chat and general phone support are not available, the callback option ensures you are connected with the most knowledgeable team member for your issue. Generate accurate financial reports to make data-driven decisions. Track future cash flow, metrics, and financial health with Xero Analytics or Analytics Plus. Manage project planning, budgets, and costs with Xero’s tracking tools. Xero provides strong security for your data, though I feel it falls short in 1 key area.
This frees up your time so you can focus on running your business. Plus, software can help keep your books in compliance, which can save you time and money in the long run. Despite these challenges, accounting software can be a valuable tool for businesses of all sizes. When choosing accounting software, it’s important to consider the needs of your business and compare different features to find the best fit. Tabs along the top of the accounting page also gave me access to my banking activity. I was prompted to connect my bank account, and at that point, instructions said the system would automatically import my bank transactions into the OneUp accounting solution.
Take control of your financial admin with Xero online accounting software. Send online invoices, reconcile your bank transactions with the help of Xero’s automation features, and run quick reports for fresh insights into your business. The dashboard provides a real-time overview of financial health, featuring key metrics like bank balances, cash flow, unpaid invoices, and upcoming bills. With access to over 1,000 apps in the Xero App Store, businesses can tailor their accounting ecosystem to match their specific workflows.
Invoicing & bill pay
- AccountEdge provides a meticulously crafted suite tailored to small businesses.
- It is designed for small business owners without an accounting background.
- Plus, unlike many of its competitors, Xero includes inventory management with every plan—with QuickBooks, you don’t get inventory tracking unless you’re paying $80 a month for the Plus plan.
- The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more.
- This gives Xero an edge over competitors that don’t offer such generous trial terms.
Business owners, freelancers and entrepreneurs often spend a large chunk of time on administration and accounting. Suited for small- and medium-sized businesses (SMBs), Xero is an affordable cloud-based accounting software system that streamlines these processes with plans starting at $20 per month. All in all, I would say that this software is easy to use but I would have preferred it included some features it lacked, such as the ability to send payable invoices from the platform. It was also confusing at times, given that features I expected it to have were nowhere to be found, such as automated sales tax calculations on the invoice form. Neat earns a 4.0-star rating on Capterra with 100 user reviews and a 4.4-star rating on G2 with 10 reviews.
The chief executive officer of financial advisory firm, Blue Ocean Global Wealth, Rita helps people meet their life goals through the proper management of financial resources. She is passionate about helping them navigate some of life’s most difficult issues—divorce, death, career changes, caring for aging relatives—so they can feel confident and in control of their finances. She takes pride in her ability to make a difference in people’s lives. Rita also volunteers her time as a SoleMate, or charity runner for Girls on the Run, raising money for scholarships for girls. She is a regular columnist for Kiplinger & US News & World Report, and a past spokesperson for the AARP Financial Freedom Campaign. In 2023, she was named the No. 2 Most Influential Financial Advisor in the Investopedia Top 100.
Collaborate with your team and advisors
You can take both software programs for a test drive before you commit to one over the other. Of course, if you really don’t need to send more than 20 quotes or collect over five bills, the Early plan’s price is a steal. Just make sure you don’t exceed the limit; if you do, you’ll be automatically bumped up to the Growing plan, which is more than twice as expensive. The drastic price jump from $13 to $37 a month means Xero isn’t particularly scalable—another reason we’re more comfortable recommending it to midsize businesses rather than small ones. Her work has been featured by business brands such as Adobe, WorkFusion, AT&T, SEMRush, Fit Small Business, USA Today Blueprint, Content Marketing Institute, Towards Data Science and Business2Community. These include NCH, Zoho Books, Kashoo, ZipBooks, Sunrise, GnuCash, TrulySmall Invoices and Wave Accounting.
- Reconciliation is straightforward with tools that suggest matches for transactions and allow for the setup of rules to handle recurring entries.
- We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time.
- Automated bank feeds save time by allowing transactions to flow directly into your accounting system on a regular basis, providing an up-to-date financial picture.
- These include a structured chart of accounts, an integrated general ledger, and comprehensive financial reporting accessible through a customizable dashboard.
Reports offered instructions to help me interpret them and easy filtering options to customize them to my needs. I tested OneUp on a MacBook Pro computer using the Safari browser. I found the software to be extremely easy to set up and start using.
Features and Functionality
Learn how our spend platform can xero online accounting software increase the strategic impact of your finance team and future-proof your company. Purchase any Xero plan, and we will give you the first month free. Calculate your gross profit margin with this simple calculator to check you’re hitting your targets. Get help with your financial admin from experts whenever you need it.
Accounting software that connects to your bank
When I clicked on a report, it was already populated with all my relevant data points. I only had to click the “send” button at the top of the page and specify an email recipient to share the report. Zoho Books is a good choice for small businesses that are already using Zoho products and services because it integrates well with other Zoho apps. It’s also a good fit for service-based businesses, such as consultants, landscapers and plumbers.
This gets you 5 invoices and quotes, lets you enter 5 bills and reconcile 20 bank transactions. With a regularly updated appearance, and new features being added all the time even during the coronavirus pandemic, Xero continues to expand its popular appeal and now enjoys a healthy following. If you’ve got a business that’s going places, needs dynamic accounting capacity and the ability to add in multiple users then the newest version of Xero requires further investigation.
To sign up, I first set up my account by filling out a simple form with my name, company name and contact information. AccountEdge has a 4.3-star rating on Capterra with 93 user reviews and a 3.7-star rating on G2 with 23 reviews. Users say that after a small learning curve, the software is easy to use and navigate. They also like that it has lots of reporting features and easy data backup capabilities.
Financial teams can generate comprehensive expense reports instantly, maintain detailed audit trails for compliance purposes, and access up-to-date spending data for better decision-making. The integration particularly benefits growing businesses seeking to scale their financial operations without increasing administrative overhead. Xero serves a diverse range of businesses, from self-employed professionals and small startups to established midsized companies.
Xero, FreshBooks and QuickBooks all offer 30-day free trials and extensive features for online support, including a live chat, email support and a knowledge base. All three of these offer the ability to scale their accounting for larger businesses and both Xero and QuickBooks offer specific training for accountants. These companies offer Gusto integration for the same price—$40 per month and $6 per month per person.