QuickBooks Self-Employed vs. Xero

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
QuickBooks Self-Employed
Score 8.9 out of 10
N/A
N/AN/A
Xero
Score 8.5 out of 10
N/A
Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.
$13
per month
Pricing
QuickBooks Self-EmployedXero
Editions & Modules
No answers on this topic
Early
$13
per month
Growing
$37
per month
Established
$70
per month
Offerings
Pricing Offerings
QuickBooks Self-EmployedXero
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPrices in table are in USD and just apply to the US - other markets & prices are listed below: Canada - Starter $18 CAD/month, Standard $45 CAD/month, Premium 5 $58 CAD/month UK - Starter £14/month, Standard £28/month, Premium £36/month AU - Starter $29 AUD/month, Standard $59 AUD/month, Premium 5 $76 AUD/month NZ - Starter $31 NZD/month, Standard $66 NZD/month, Premium $84 NZD/month
More Pricing Information
Community Pulse
QuickBooks Self-EmployedXero
Considered Both Products
QuickBooks Self-Employed

No answer on this topic

Xero
Chose Xero
I find Xero much more intuitive and easy to use.
Chose Xero
Xero has remained simple yet robust for years. They have a few items that make it difficult (what product doesn't), but I feel very confident in partnering with them. I have used (and still use) QuickBooks Online and I have witnessed Intuit continually pull the bait and …
Chose Xero
Xero and Quickbooks are very similar in that neither are perfect for law firm accounting. Both are extremely accurate and user-friendly, but lack the IOLTA account function.
Top Pros
Top Cons
Features
QuickBooks Self-EmployedXero
Payroll Management
Comparison of Payroll Management features of Product A and Product B
QuickBooks Self-Employed
7.8
3 Ratings
4% above category average
Xero
7.8
73 Ratings
4% above category average
Pay calculation10.02 Ratings7.965 Ratings
Benefit plan administration5.02 Ratings8.223 Ratings
Direct deposit files8.03 Ratings8.049 Ratings
Salary revision and increment management8.02 Ratings7.941 Ratings
Reimbursement management8.03 Ratings7.354 Ratings
Customization
Comparison of Customization features of Product A and Product B
QuickBooks Self-Employed
10.0
5 Ratings
35% above category average
Xero
7.6
124 Ratings
8% above category average
API for custom integration10.04 Ratings7.779 Ratings
Plug-ins10.04 Ratings7.5111 Ratings
Security
Comparison of Security features of Product A and Product B
QuickBooks Self-Employed
10.0
8 Ratings
24% above category average
Xero
8.2
157 Ratings
4% above category average
Single sign-on capability10.08 Ratings7.772 Ratings
Role-based user permissions10.05 Ratings8.7155 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
QuickBooks Self-Employed
10.0
14 Ratings
27% above category average
Xero
8.0
178 Ratings
5% above category average
Dashboards10.012 Ratings7.8174 Ratings
Standard reports10.014 Ratings8.2177 Ratings
Custom reports10.08 Ratings7.8157 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
QuickBooks Self-Employed
10.0
15 Ratings
30% above category average
Xero
7.4
187 Ratings
0% below category average
Accounts payable10.09 Ratings8.7174 Ratings
Accounts receivable10.010 Ratings8.9175 Ratings
Cash management10.09 Ratings8.1159 Ratings
Bank reconciliation10.010 Ratings9.2182 Ratings
Expense management10.014 Ratings7.8166 Ratings
Time tracking10.07 Ratings7.458 Ratings
Fixed asset management10.04 Ratings7.6114 Ratings
Multi-currency support10.02 Ratings7.4107 Ratings
Multi-division support10.02 Ratings7.291 Ratings
Regulations compliance10.03 Ratings8.291 Ratings
Electronic tax filing10.013 Ratings9.092 Ratings
Self-service portal10.08 Ratings7.6105 Ratings
Global Financial Support10.02 Ratings5.750 Ratings
Primary and Secondary Ledgers10.02 Ratings7.049 Ratings
Intercompany Accounting10.03 Ratings6.240 Ratings
Localizations10.03 Ratings8.039 Ratings
Journals and Reconciliations10.06 Ratings9.190 Ratings
Enterprise Accounting10.02 Ratings4.733 Ratings
Configurable Accounting10.04 Ratings6.159 Ratings
Centralized Rules Framework10.03 Ratings5.433 Ratings
Standardized Processes10.05 Ratings6.459 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
QuickBooks Self-Employed
10.0
3 Ratings
35% above category average
Xero
6.5
85 Ratings
8% below category average
Inventory tracking10.03 Ratings5.981 Ratings
Automatic reordering10.03 Ratings7.224 Ratings
Location management10.03 Ratings7.129 Ratings
Manufacturing module10.02 Ratings6.316 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
QuickBooks Self-Employed
10.0
5 Ratings
30% above category average
Xero
7.0
89 Ratings
5% below category average
Pricing10.04 Ratings6.862 Ratings
Order entry10.04 Ratings7.056 Ratings
Credit card processing10.05 Ratings7.558 Ratings
Cost of goods sold10.03 Ratings7.566 Ratings
Order Orchestration10.02 Ratings6.621 Ratings
End-to-end order visibility10.03 Ratings6.524 Ratings
Order exception Resolution10.02 Ratings6.717 Ratings
Best Alternatives
QuickBooks Self-EmployedXero
Small Businesses
Patriot Software
Patriot Software
Score 9.0 out of 10
Patriot Software
Patriot Software
Score 9.0 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
QuickBooks Self-EmployedXero
Likelihood to Recommend
10.0
(15 ratings)
8.7
(202 ratings)
Likelihood to Renew
10.0
(1 ratings)
9.9
(32 ratings)
Usability
9.4
(2 ratings)
8.8
(127 ratings)
Availability
-
(0 ratings)
9.0
(10 ratings)
Performance
-
(0 ratings)
10.0
(8 ratings)
Support Rating
10.0
(2 ratings)
8.8
(36 ratings)
In-Person Training
-
(0 ratings)
9.1
(1 ratings)
Online Training
-
(0 ratings)
10.0
(5 ratings)
Implementation Rating
-
(0 ratings)
7.3
(10 ratings)
Configurability
-
(0 ratings)
9.0
(1 ratings)
Ease of integration
-
(0 ratings)
6.4
(87 ratings)
Product Scalability
-
(0 ratings)
10.0
(6 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(2 ratings)
Vendor pre-sale
-
(0 ratings)
10.0
(2 ratings)
User Testimonials
QuickBooks Self-EmployedXero
Likelihood to Recommend
Intuit
QuickBooks is a great tool for new SoleTraders that need basic accounting software and require digital invoicing for their clients to send via email and access key features via a mobile app on the go. QuickBooks is a straightforward tool to use with a simple design and learning curve for business owners that are not very tech-savvy. For businesses that operate on a larger scale and need to provide access to other users on their team, QuickBooks is limited. This type of business may also require more insights into the business outside of accounting, and QuickBooks won't be able to supply insights outside of that.
Read full review
Xero
Xero is one of the easy-to-learn accounting software that anyone could start and settle with! Even a teenager could learn on how to use it. Accountants and Bookkeepers who are new to the industry could give them a good boost on their profile if they have certification and fluency with using Xero. Xero is kind of one of the basic requirement
Read full review
Pros
Intuit
  • QuickBooks Self-Employed does keep a running total of your income and estimated taxes. Of course, this requires that your entries are accurate.
  • The mileage feature is particularly helpful. One just needs to either use the phone app in conjunction with QuickBooks Self-Employed, or keep a log of all mileage.
  • When tax time comes around, it's easy to use TurboTax software and import your data from QuickBooks.
Read full review
Xero
  • Their method of moving between screens was very logical and intuitive which is not a "given" attribute among software packages.
  • Finding transactions was relatively easy with just common sense.
  • The use of this software was generally well received in that the accountants did not discredit the software as cheap, poorly organized, or timely to learn. No one at Corporate had a vendetta against using Xero.
  • It does a good job of allowing the users to drill down to the final detail of an account balance - which is fundamental to the accounting department's needs.
Read full review
Cons
Intuit
  • Doesn't integrate with Mint, which I use for my home expenses. I think this would be a nice addition to the program, so I could keep track of my whole financial situation.
  • A Windows 10 app would be a nice addition to the program, so I could access it securely from my desktop.
Read full review
Xero
  • Occasionally, the price increases and I feel that prices should be fixed for long-term users as there are very few changes in the software from when I started using it 6 years ago.
  • It would be useful to have the emails sent with invoices saved.
  • Visual dashboards are limited.
Read full review
Likelihood to Renew
Intuit
No answers on this topic
Xero
In addition to the matters covered in this review, my reason for renewing this product is that Xero's functionality and the constant updates that the company provides, makes the software even more business friendly. The software therefore builds a brand loyalty among customers.
Read full review
Usability
Intuit
I have been using this software for several years now and it has always put out my data in beautiful generated reports that I can use for verification purposes with my financial institute and the IRS. It has all the tools I need to run my business without loosing track of anything
Read full review
Xero
I gave this rating because, even if I am lost or trying to figure something out, the ease of the software is easy to figure out. There are so many customization options and reports to get exactly what I am looking for.
Read full review
Reliability and Availability
Intuit
No answers on this topic
Xero
We have been actively using and 100% Xero based for our ecommerce accounting practice for over 4 years. There has on been one real outage for more than 5 minutes. Xero was open and transparent about the outage, what they were doing to resolve the issue, and provided 15 minute updates. Showing how they care about their customers and partners. Plus, showing that their customers care too, were understanding, and went surfing or in our case took a nap. Couldn't run our business without Xero as a partner.
Read full review
Performance
Intuit
No answers on this topic
Xero
Pages generally load quickly, but it's a fairly common occurrence to have pages taking a bit longer than I'd like to load (as in, 4+ seconds). Occasionally I have to refresh a page to get it to work. Bank feed and integrations tend to be slow in general, but that could easily be due to API latency on the side of the other parties. Most of the time, though, the bank feeds refresh before I login so it's not a huge problem. Not necessarily good performance compared to a local app like QuickBooks desktop, but definitely good performance for a cloud application. Room for growth? yes.
Read full review
Support Rating
Intuit
I have never faced any difficulties that required me to contact QuickBooks customer service. QuickBooks has plenty of online tutorials, blog posts, and helpful tips and advice for almost any issues you may face using the desktop or app version of the software. Even if you can not find the right answer on the QuickBooks webpages, there are loads of YouTube videos from experts.
Read full review
Xero
Always respond and keep issues open until you are satisfied with the result. Generally good responses, in the past, I had some support responses that were really basic and really annoying. They type where "have your tried restarting your computer" style of answers. Well, of course, I went through all the basics before contacting them. Duh, but I suppose not everyone does. Otherwise, it would be a 10. The last year has shown a marked improvement in the support responses however.
Read full review
In-Person Training
Intuit
No answers on this topic
Xero
The format was great; someone was there to ask questions or help if you were stuck.
Read full review
Online Training
Intuit
No answers on this topic
Xero
All of Xero's training is online and available for anyone (business owner or accountants) to learn and become experts in their system. There is a range of content from product training to real world webinars from their partners. Xero is beautiful accounting software and their training is the same.
Read full review
Implementation Rating
Intuit
No answers on this topic
Xero
If it can be done, time the implementation near a new fiscal year so you can start clean. Otherwise, you have to go back and do historical data from the beginning of the fiscal year, which can be brain draining.
Read full review
Alternatives Considered
Intuit
FreshBooks limited my ability to categorize transactions, specifically removing duplicates or excluding them. I selected QuickBooks Self-Employed because it allowed me to be in control of items. Sometimes accounting is just making sure things are organized the way YOU think, and FreshBooks wasn't doing that for me.
Read full review
Xero
I've used a lot of different accounting systems. Many of them so big and powerful, but a hassle to get set up. Xero is light, inexpensive, and easy to use. When I originally selected them they seemed like they were developing new features at a quick rate as well. I was invited to be part of focus sessions to make the product better. That part has slowed down significantly though.
Read full review
Scalability
Intuit
No answers on this topic
Xero
I have yet to fully stress test the product given the size of the company where I am using it. I am sure as we scale to more customers, more vendors and more reporting requirements, I will have a better understanding of what it is capable of in terms of bandwidth and processing
Read full review
Return on Investment
Intuit
  • Overall, tagging expenses and mileage has saved me thousands in taxes, for a relatively low cost of around $8/mo.
  • QuickBooks allows me to get invoices to clients quickly and accept online payments, which helps with cashflow.
  • The app has stopped tracking mileage automatically on my device, so I worry that sometimes I am not tracking business miles effectively, which could end up costing me at the EOY.
Read full review
Xero
  • Saved many hours through automatic invoices and followups
  • Saved many hours by allowing transactions to start via bank feeds (ie I don't have to input a transaction and mark it against what is in the bank/cc account; rather, the transaction in the account is where you input the transaction into the books.
  • Has the scalability my business requires, and not much more.
Read full review
ScreenShots

Xero Screenshots

Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of