These next few weeks! 10 of my team are attending 'Xerocon' next week so just waiting for any exciting product news before doing a much bette version of this classic!

@@HeelanAssociates Woop! :D

good shout laura

I’m stuck between the two as well. Looking forward to newest update when you get a chance. I have three small businesses and am desperate to get them organized online if these two programs. Just not sure which yet.

same here wondering which is best suited for small scale real estate

Glad it was helpful!

Glad you enjoyed! We are doing an update to this one soon

Xero is similar in this, their projects module is extra. Thing is most people don’t need it. In our client base for example I think we two.

You can’t add just the balance without ‘the other side’ sadly. You can manually upload a .csv (spreadsheet file) rather than automatically connect it though. It’s also quicker really if you are to use Xero to capture the expenses, it’s quicker to do it from the bank feed then do another way.(generally)

Quickbooks is a great product. Since we did this video some time ago, the product has improved greatly! We want to record a newer one soon....

Honestly.... there is no totally auto solution no matter what the software companies say! Clients find less hassle *overall* with Xero, and generally we find there are less 'steps' to do this. Thing is, like most of these software, there are multiple ways of doing things, so it's understanding if there is a better way than what you are doing currently - you might find it's possible to do less matching etc with a different workflow.

Probably Xero for stripe.

Great! Have fun

You can link your bank account (to get each statement line in) to either of them. This video needs an update, as either would work well in your situation. QuickBooks has an inbuilt tool for capturing receipts that can help to kzfaq.info/get/bejne/e8eJg9J_mJepfoE.html The website depends on what you are trying to do. You can link things like woocommerce, stripe, paypal and certain other 'back end' stuff to them. Should be said though, if you are a sole trader you could just stick it all in a spreadsheet if you find this too much to soon. Good luck with the new business!

Xero. Then look at ‘link my books’ and or ‘A2X’ to help.

@@HeelanAssociates thank you so much I will check them out 🙏

Hi Diana, Sorry not sure on this one! Not something we've done. Have you tried Xero support via email (they are normally pretty good). We will add this to a list of things to look at for a future vid.

Hi there. Desktop QB '16 was probably the best thing ever made :- ) (we still internally sometimes!). Your best bet (without knowing the detail) is probably Xero + separate stock management system. As the market leader, most other apps are tending to build integrations with Xero. That said, gut feeling is in 10 years time we will still have the same 2-3 players competing in the space.

Yes bulk transactions can be done via 'cash coding'. We will add that to the list of videos! Its quite a cool function, allows you to pick a group of bank transactions, tell it once what they are and applies to all of them. Can't remember exactly what we were referring to, but presume if was: if you make a payment against an invoice and want to change the date of the invoice or payment later, that is currently a pain. Its locked until you un apply the payment...

@@HeelanAssociates Thanks!

We see lots of different ones, the most common being Zettle Stripe GoCardless

Hey, so: *FreeAgent is *ok*, not something we personally advise to use as it has limitations and just some odd functionally (as people that use the alternatives daily). We have some clients on it though, so it's not a *must avoid* type situation! It was attractive for many owners because you got it free with a Natwest business account. If it was between an owner using a spreadsheet or FreeAgent, FreeAgent all day long! *In terms of colours and larger headings, it probably is QuickBooks, but I know Xero do build with sight impairment in mind (many of the reports they've updated had the consideration). *On the shares aspect, not that we are aware of (but given the breath of apps it maybe we haven't seen it /needed to use it yet).

Many thanks for the detailed reply. I did read that Xero can be paired with ShareSight. @@HeelanAssociates

You could, just can get a little messy. Often it’s better to just key in those expenses as ‘bills’ and pay off via your drawings or directors loan account (ltd) inside the software.

To our knowledge no, it's just item codes, which have a cap. It's why some bigger businesses will use a separate stock app plug in that talks to Xero.

We will add this one to the list! We know it well, having so many construction clients.

What sort of cards? Many will send feeds to the software. Barclaycard business credit card for example has a feed.

@@HeelanAssociates Thank you for the prompt response. I use various cards for my business, and my goal is that whichever software I use pull and recognize my purchases automatically from my various cards. Thank you for your input.

It’s a tough question to answer easily in terms of what’s better, as it depends on your aims / needs. QuickBooks is cheaper for sure, but doesn’t mean it’s better.

@@HeelanAssociates isn’t Xero cheaper or what am I missing?

@@therealexquisiteexistentia4743 Currently it looks like Xero is offering lower starting monthly rates compared to QB.

Stripe works fine with both. In terms of the Forex, we generally feel its easier to understand on Xero, but QuickBooks also does a good job at this if you get the set up right. What are you using at the moment? Both handle forex by adjusting any differences through the profit and loss (shown on its own line).

@@HeelanAssociates i prefer xero in general, however, when it comes to payments allocation and revising invoices to which payments have been allocated, then QB is a big winner. Xero doesn't allow for bulk payment allocation in other than domestic currency and if you need to change the date or item on paid invoice, get ready to delete the payment, make a change and then apply the same payument again. With QB you only change invoice. Secondly, in QB you can have negative stock - it's great feature, especially when your customer needs an invoice asap and you have no time to create a bill. BUT!!! in Xero you can create draft bills!!! that's amazing feature if you want to record future expense and help you with cash flow. And you can oen transactions from the one window to another window just by clicking right button and selecting open in other window - funny QB doesn't have this and it's a pain for a bookkeeper, for me especially. And creating detailed supplier statement in xero is not that straighforward - needs special report to be manuallyt sorted in excel. I can easily do it now, but first 6 months i had a really hard time to find out - and xero forums won't really help you.

forgot to say - QB support is a lot better - just call and get help quickly. With xero - all forum based, no human interactions. But I am still going back to xero, i feel i spend much less time doing accounts than with quickbooks.

@@XAE_A_Xii Cant disagree there!

@@XAE_A_Xii We agree with all of this! Its why our book-keeping team love/hate certain features - all depends on what you are trying to do and what one you are working on!

Both would work actually! Probably not a preference for this. I guess maybe QBO might be slightly more intuitive / cost effective in this scenario , but honestly both would handle well.

So confused by your question :- ) could you elaborate.

Both will work for you! If you primarily using app for that, at this moment in time quickbooks probably edges it.

Difficult to say Manik, we have travel agency clients on both of these and both work well! User preference these days, or if cost is an issue, QuickBooks!

The 'best' free software is probably to get a natwest/mettle account and get a free "FreeAgent" licence, but depending on your business Xero/Quickbooks is likely still the best investment.

@@HeelanAssociates thanks

Tough to say! Both are pretty good. If you have just the one ‘channel’ might be worth trying the native first. If multi channel, dext commerce also worth a look.

The lack of phone support has been a common frustration for sure. Interested, what makes you think QBO has better privacy?

Thank you for this comment. This is a major consideration and may have swayed me over to QB.

Haven't used it in detail ourselves, but seems a solid system when we looked a few years ago (so presume has only got better).

Mmmm. Yes possibly! Will have a think

@@HeelanAssociates I would also appreciate this! I'm starting a new business and have received a free FreeAgent subscription with my new Natwest Business Account. My accountant uses Sage and has recommended this for their own ease (I'm assuming), but I'm not sure whether to go with Zero or Quickbooks as recommended by yourself. The business will have few employees (

Both can do, Xero project module is *probably* better. But many owners use a 3rd party app if their needs are more specific. Have a play around to see if it suits your needs, you can get a free trial.

Its tough, most construction business we with tend to use a 3rd party app to manage their projects, things like ServiceM8. That or spreadsheets for the jobs! Xero for example has a projects module that will handle this to a degree, but it's best to take a trial and play with it. Both Quickbooks and Xero will do a 'class tracking' thing were you can allocate a cost/income to a certain 'class', which allows you to do a profit and loss report on just things entered with that class. Downside is there is a maximum amount of classes so eventually you run out.

QuickBooks would get our nod.

@@HeelanAssociates thanks

For many people with super simple in/outs it certainly is a solid option!

Client feedback (and our own experience) is that it's not that user friendly in comparison. You will find some die hard fans though, and we still have a few clients on it. Like all these things, the products get better all the time as well.

Can you expand?

Are you sure? At timing of writing QBO in UK are doing insane 1 year deals (like £30 a YEAR) and the following year is still cheaper than Xero.

This video needs an update as it's a bit outdated, but QuickBooks have made many great improvements! In fact these days we are very 50/50 on recommendations, depends on the clients workflow and sector type a lot of the time. Xero is still a great product, although it's had a few outages recently that have frustrated customers.

I can assure you there is no paid advertising on this. We operate with roughly a 50/50 split on both products internally.

@@HeelanAssociates Thanks for unbiased opinion.