Is Xero vs Quickbooks upgrade and migration worth it?

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Xero vs QuickbooksIt seems like Xero is maybe a little easier, has some decent mobile and real time features and can handle foreign currency reconcilliation. I think there's an easy way to migrate old QB vendors, categories etc.

What do you think?

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I like Xero but, like QB, it's thin in many areas. It has no inventory functionality. Its reporting is weaker than QB. I'm still trying to figure out how to make the foreign currency capability work for me.

However, on the positive side, it is a closed system that can be audited easily. Transactions cannot just disappear. Xero is an accounting system rather than a checkbook management system. But it may be a lot more expensive than QB if you're using the FX functionality.

Since I hate QB, my comparison was to other low-priced, low-end systems. I really chose Xero for the FX component. I expect in a couple more years, the developers will have put together a fully competitive system but today it's in the same league as QB.

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Member's Profile

There are many more options to consider if you're ready to move on from QB.

Here's are two  free white papers about "Moving On From QuickBooks:"

http://www.proformative.com/whitepapers/when-right-time-graduate-quickbooks

"Five Signs QuickBooks Is Failing Your Business:"

http://www.proformative.com/whitepapers/five-signs-quickbooks-failing-your-business-0

You should definitely take a look at "The Proformative Community Guide To ERP Selection & Implementation:"

http://www.proformative.com/whitepapers/proformative-community-guide-erp-selection-implementation

Enjoy!

Best... Sarah

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Xero is a GL. For full functionality you must add on the apps that integrate.

Xero has just finished its integration with Bill.com and will be integrating with Avalara soon. Concur is working on an integration with Xero.

If you live in a state where Sales tax and Use tax are charged, then you will find that Xero handles these taxes like Canadian GST and PST, not as a final tax.

Xero would be a good solution in the US if the sales tax functionality were updated to US tax needs.

I started out working on the Xero certification but found that the sales tax function does not do american accounting correctly. I raised this up to the developers and at this time its not on the slate to get it corrected.

I'm sticking with QB for now.

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