FreshBooks vs Xero 2023 Comparison FinancesOnline

We allow you to examine their uniqe benefits, supported devices, support service, pricing, terms, and much more. Stay updated on the latest products and services anytime anywhere. FreshBooks still syncs with more than a hundred other business apps, including crucial third-party apps like Gusto. Honestly, FreshBooks’ list of integrations is pretty impressive. Its integrations only pale in comparison to Xero’s because, well, everyone’s app integrations pale in comparison to Xero.

  • FreshBooks is better geared toward freelancers and very small businesses that need to send a lot of invoices to clients.
  • In addition, you can bill for tracked hours, track and manage time for a specific project and allow your employees to track their time (if you’re using the team members add-on).
  • FreshBooks offers mobile access with iOS (iPhone Mobile) and Android Mobile apps that let you painlessly invoice your clients and track expenses wherever and whenever you need to.
  • ET from Monday to Friday; offers email support, but not live chat support with a human.
  • FreshBooks is a cloud accounting solution that uses industry-leading secure servers.

Read our QuickBooks vs. Xero comparison to explore these platforms’ similarities and differences further. FreshBooks is superior to more than Xero when it comes to invoicing ― it’s also superior to all other accounting software platforms. If invoicing is your most significant need within accounting software, choose FreshBooks over Xero. FreshBooks offers essential features on all plans (excluding our invoicing-only plan). Access all the accounting features you need to manage finances and keep clients happy.

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However, it is worth remembering that Xero’s plan prices are higher than FreshBooks’, and that its more advanced features come at a cost. Software that operates in the same category and industry is often very similar. However, in the case of FreshBooks and Xero, this is not necessarily the case.

  • Both Xero and FreshBooks have various customer support options; let’s look at both options.
  • As a client, receiving a FreshBooks invoice with line items for subscription-based products or services, it’s easy to pay.
  • Call us and a friendly agent with accounting knowledge picks up.

Keeping track of projects, and the time spent on those projects, is key for ensuring accurate billing. You can either assign hours to a project after the fact, or time a project live if you are completing a project for a client in real time. Xero and FreshBooks are two accounting tools that we researched and tested in-house.

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But Xero’s reporting is more robust thanks to its detailed accounting features. All FreshBooks plans, except for the highest-tier custom plan, come with one user. FreshBooks gives you six user roles to choose from, plus client access and project manager customization options. Can support freelancers, contractors and small businesses with a handful of employees; highest-tier plan includes two users (additional users can be added for a fee).

Plans to suit your business

Xero also offers some excellent optional add-ons at good value. Those interested in a full trial can get access to a 30-day free option. Global digital transformation has redefined the day-to-day operations of accountants as they increasingly transition to data-driven cloud accounting platforms.

Most affordable: Xero

Both FreshBooks and Xero are cloud-based accounting software that operate under the software-as-a-service (SaaS) model. FreshBooks provides a software environment that blends accounting and project management, deposit slip making it ideal for self-managed businesses and freelancers. On the contrary, Xero has more accounting features, making it an excellent choice for growing businesses, especially product-based companies.

How We Evaluated FreshBooks vs Xero

Its users need to integrate these services using Bench Accounting. FreshBooks charges different payment processing fees for different payment methods. ACH transfers incur a 1 percent fee, although FreshBooks Select users may pay less.

FreshBooks vs Xero free versions

However, when it comes to using all the tools available to you as a small business owner, your accountant should definitely be part of your toolbox. You can also connect your bank account and credit cards to your FreshBooks account to automatically track your expenses. Plus, use bank reconciliation to ensure your accounts are accurate and up to date. Automatic Recurring Invoices in FreshBooks combined with Recurring Payments makes it simple for clients to pay and for you to accept payments for products or services rendered—hands-free.

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