How can QuickBooks Online or Xero work for you?

What’s the difference between QuickBooks Online and Xero?

It may sound like the start of a joke, but it’s no laughing matter. Earlier this year, HMRC made it a legal requirement for any VAT-registered business to submit a quarterly tax return through an online software.

The two accounting software giants offer slightly different solutions to enable businesses to move away from spreadsheets and into the cloud.

Cloud-based accounting offers you a platform to access your data online from any device, at any time, any place or anywhere (to modernise a catchphrase from the old 1980s Martini Rosso advert!)

There are multiple reasons for you to consider moving to the cloud, but how do you make the decision that suits you or your business’ needs?

How can cloud accounting software help my business?

Put simply, cloud accounting will revolutionise your business. 

This is just one of the reasons why we recommend you make the transition sooner rather than later – whichever provider you choose. 

Which software is more suitable?

Both QuickBooks Online and Xero offer cloud solutions, including multiple uploads, online invoicing facilities, bank feeds, payment processing, dashboards and add-ons. 

Whether you choose QuickBooks Online or Xero really depends on the needs of your business and your own preferences. 

If you prefer software that is more open when it comes to data import, export structure, customisable settings and API then Xero gets the nod from us.

But if you’re looking for a program with its own payment processing, payroll and book-to-tax all integrated, then QuickBooks Online could be right for you. 

If you have time, we recommend you get to know them both even if you only plan on using one of them. So why not have a play around, get your hands dirty and see which software you prefer?! 

Want answers?

Our in-house team of Cloud specialists are on hand to help discuss your business and advice on which software is most suited to your needs.  

To get in touch for an initial review, feel free to call the team on 01454 619900 or email cloud@dunkleys.accountants.

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