E-Tech Explains Why
Brandon, MB -- (SBWIRE) -- 01/21/2019 -- Xero is still catching up to some of QuickBooks Online's functionality, accounting experts say. Intuit's QuickBooks has dominated the accounting software market for the better part of two decades. In fact, 2015 estimates put the company at 80%-90% market share serving over 29 million businesses in North America alone.
Xero was launched in 2006 and initially marketed specifically toward the Australasian market. Xero now boasts over 1 million subscribers in more than 100 countries. While QuickBooks touts reliability and market penetration, Xero is known for a simple user interface and an aggressive development schedule. As the competition heats up, customers reap the benefits of new features and faster development times.
"Accounting is simply not about generating invoices," John Rocha, Xero conversion specialist said. "It's also about collecting payment. QuickBooks Online hands down beats Xero in that area. It has payment links and payment processing integrated into its invoicing system. Customers just have to click and enter their credit card information, but you'll have to pay merchant processing fees if they -do."
Rocha added that payment processing with Xero requires signing up for an external provider, such as Stripe or PayPal. "While that gives you more options and could save you money on fees, it's not as simple for customers to pay."
A media report on the comparion of the two accounting programs showed that QuickBooks Online displays detailed information on the "invoicing" screen, with the main dashboard only presenting "income." It also includes the "accounts receivable aging summary" in its reports. Xero has an "aged receivables report."
On pricing, the report stated there is a big difference between the two providers. Xero's Early plan is $9 a month, while QuickBooks Online's Simple Start costs $20 a month. The former severely limits users' access to the software. A business can only send five invoices and quotes, enter five bills and reconcile 20 bank transactions. Xero doesn't have built-in payroll processing. Instead, its software integrates with multiple apps that provide the service. Fees vary, but they commonly charge a monthly base and per employee after that.
When converting a company file from Xero to QuickBooks Online, the first thing to decide is whether the historical transactions will be part of the new file and if so, how far back to go with them.
E-Tech provides a comprehensive conversion service that converts data to Quickbooks Pro, Premier, Mac, Accountant, Enterprise, or Quickbooks Online. Data including chart, accounts, vendor and customer details, payroll, inventory, taxation, jobs, services, pricing, assembling, employee details and the like will be migrated, through a hassle-free transaction.
A highly satisfied customer Jamie F. was quoted as saying "Awesome Experience! Work was done ahead of schedule and we received excellent support. Highly recommended."
Founded in 2001, E-Tech is the leading file repair, data recovery, and data conversion services provider in the United States and Canada. The company works to stay up to date on the latest technology news, reviews, and more for their customers.
For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca.
To learn more about the company, visit: www.e-tech.ca
136 11 th St
Brandon, MB R7A 4J4
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