The Plus and Advanced plans go a step further with class and location tags that you can use to see how different areas of your business are doing. And unlike FreshBooks, it includes double-entry accounting reports (like a general ledger and chart of accounts) in all plans. Upgraded QuickBooks plans also include multiple users, so you can share the workload with or among employees. The highest-tier Advanced plan, for example, lets you add up to 25 users.
As a client, receiving a FreshBooks invoice with line items for subscription-based products or services, it’s easy to pay. All you what is a setup charge have to do is save your credit card, banking or other payment details online in the FreshBooks application so you’re automatically billed each time an invoice comes due. Imagine doing this without invoicing software—dealing with paper invoices and receipts and having to keep track of phone and address records separately.
Plans for every kind of business
Xero has an inventory management system available on all plans. With this system, you can add products or services, track inventory, make adjustments, make internal notes, and add attachments. QuickBooks Online has four pricing production cost report explained plans ranging from $35/month to $235/month. The more expensive QuickBooks plans include additional features and users.
Tax Support
Xero offers accounts payable features with all plans — although you can enter only five bills per month with the Early plan. The software’s bill management tools are detailed, giving you the ability to access all of your bills online in one place, make batch payments and schedule them in advance. In contrast, FreshBooks includes basic accounts payable tools like bill tracking with the Premium plan and doesn’t offer them with the Lite or Plus plans.
How the Products Stack Up
Add-ons include QuickBooks Payroll, which starts at $50/month plus $6/month per employee. QuickBooks Payments allow you to accept ACH, credit card, debit card, and other payments at rates of 1% to 3.5% per transaction. Live bookkeeping services for additional help with your books start at $50/month. And if you need a hand, our phone support with a live rep extends to both you and your accountant, with no additional fees.
- FreshBooks reserves the right to change this offer at any time.
- All of your bank and credit card transactions automatically sync to QuickBooks to help you seamlessly track your income and expenses.
- Both QuickBooks Online and Xero are good accounting solutions, but the right software is going to depend on your company’s budget and feature needs.
- Business.com aims to help business owners make informed decisions to support and grow their companies.
If you only send out an invoice or two each month, the Early plan is an affordable option at $15 per month. Otherwise, you’ll have to bump up your subscription or consider QuickBooks Online plans. All plans include 24/7 live chat support; phone support is available 5 a.m. Can support larger small businesses with dozens of employees; highest-tier plan includes 25 users.
This service costs $20 per month plus 3.5 percent and 30 cents per transaction. Xero is the second-most popular accounting software program in the U.S. after QuickBooks, and is the market leader in several countries, such as Australia. The different features included in Xero’s tiered pricing make it ideal for growing businesses.
And if you need assistance, QuickBooks offers robust live customer support to help you along the way. Xero Established is a comprehensive plan for businesses managing multiple projects and tracking in-depth financials. It includes everything in Growing, plus multi-currency accounting, project costing and tracking, expense claims, and in-depth analytics.
But the two apps are geared toward what is a bond sinking fund different audiences, which explains their functional differences. Xero only offers time tracking in its Established plan as part of the Expenses and Projects feature sets. NerdWallet independently reviews accounting software products before determining our top picks.
Includes project tracking tools in higher tier plans; has transaction tracking tags; lacks industry-specific reports; users with multiple businesses must pay for separate subscriptions. With a free plan and paid plans starting at $20 per month, Zoho Books has plans for most budgets. Higher-tier plans include unique features, like workflow rules, on top of tools that help you measure project profitability. Phone support and live chat support are available 24/5 to all paying customers, but third-party integrations are limited compared to QuickBooks Online and Xero. FreshBooks and Xero offer easy-to-use software to send invoices, maintain your business’s books, and perform other accounting functions. Both feature mobile apps and sync with a variety of third-party business applications.