4 min read · April 09, 2024
Xero vs QuickBooks: Best Accounting Software for Amazon Sellers?
By Michael Schwartz
4 min read · April 09, 2024
By Michael Schwartz
When it comes to choosing an Amazon seller accounting software, Xero and QuickBooks are the two most popular options. In our comparison between Xero vs. QuickBooks, we break it down based on the following:
Xero and QuickBooks are both great in terms of invoicing functionality.
Both apps offer ease and convenience and have customization options.
QuickBooks expenses are straightforwardly itemized, and cycling through each entry field is also faster. Its overview is also a bit better although some newbies find it too dense.
Xero, on the other hand, gives users the freedom to set a reminder schedule to make them stay on top of their income and expenses.
🏆 Invoicing and sales receipts, it’s a win for QuickBooks.
Both QuickBooks and Xero offer a 30-day trial to get started.
QuickBooks Online will charge between $20 and $150 per month. QuickBooks also offers a 50% discount for 6 months if you skip their free trial.
Xero Accounting will charge between $9 and $60 per month.
QuickBooks charges different plan rates mostly based on features, whereas Xero charges depending on frequency and features.
🏆 Xero Accounting is the winner based on pricing.
In terms of user-friendliness, both have their own set of strengths and weaknesses. One of Xero’s strengths is its jargon-free platform. Even newbies can easily make their way in using both accounting systems.
QuickBooks uses accounting terms throughout. Although it’s not a big deal, it might not be ideal for those who are not used to bookkeeping yet.
Xero's platform has a rather slow loading time. Every click of a button leads to a reload or a pop-up of the page requiring you to wait a bit. QuickBooks, on the other hand, is faster and is much more user and beginner-friendly.
🏆 QuickBooks takes the cake for user-friendliness
QuickBooks offers 24/7 phone support, which has been, in our experience, great! 👍
Xero handles customer queries via email but still manages to respond promptly.
🏆 QuickBooks has better customer service due to its 24/7 phone support
While the QuickBooks inventory feature works well, but Xero is easier and simpler to use.
🏆 Xero has a better inventory system
QuickBooks outlines reports thoroughly although it’s just limited to accounting and bookkeeping solutions.
Xero has more advanced features and has more solutions that go beyond just reporting data. They have sales tracking solutions and CRM software.
🏆 Xero offers more advanced features
QuickBooks has been our go-to from the beginning and has not let us down. Great customer support and easy reconciliation features make it the best in town.
If you have some time on your hands, we always recommend trying both and seeing which one better suits you. At the end of the day, they are both great!
Wave Accounting is a free alternative and Godaddy Bookkeeping is another paid alternative, but both lack some of the important features native to Xero vs. QuickBooks.
Disclaimer: The above information is made available on a good faith basis and is intended only for general education. The article is not to advise on tax or legal issues. We recommend getting in touch with a duly certified tax professional or CPA to assist with any topics raised by this article.
Michael Schwartz
Michael is the CEO and co-founder of taxomate, one of the leading ecommerce accounting integration software solutions.
