Compare FreshBooks vs Xero

Let our Accounting & Finance Software Experts help you find the right Software for your business!

Compare Price Quotes
Compare Price Quotes
Get FREE Price Quotes on Accounting & Finance Software
Fill out my online form.
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
FreshBooks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
95/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$15 Per month
Hosting
On premise and Cloud
Functionality score
28
Fit small business
Fit medium business
Fit large business
Software review
Xero
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
94/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$28 Per month
Hosting
On premise and Cloud
Functionality score
46
Fit small business
Fit medium business
Fit large business
Software review
QuickBooks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3.2/10
License pricing license pricing (if provided by the software vendor)
$250 Per license
Hosting
On premise and Cloud
Functionality score
20
Fit small business
Fit medium business
Fit large business
Software review
Denali
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
93/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.6/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
16
Fit small business
Fit medium business
Fit large business
Software review
Multiview
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
93/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3.8/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
23
Fit small business
Fit medium business
Fit large business
Software review

FreshBooks Vs. Xero: Which is better?

Nov 06, 2019

Looking for the right Accounting & Finance solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. in this article we compare between the 2 software products:

Vendor comparison

FRESHBOOKS: FreshBooks is the #1 cloud accounting specialist for small business owners.If you are a service-based business, FreshBooks is designed for you. If you are a lawyer, a marketing agency, a plumber, an interior decorator, an IT professional, a therapist, an architect, a web professional – if you create value for your customers by applying your time and expertise to other people’s problems, thereby running a service-based business - FreshBooks is built specifically for you. We uphold a longstanding tradition of providing extraordinary customer service and building a product that helps save you time, because we know you went into business to pursue your passion and serve your customers - not to learn accounting.

Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes (UK). 

Pricing/cost comparison

The real cost of Accounting & Finance software includes the software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership". We prepared a total cost calculator for FreshBooks TCO and Xero total cost to help with the total cost of ownership calculation.

FreshBooks price Starting from $15 Per month , on a scale between 1 to 10 FreshBooks is rated 2, which is much lower than the average cost of Accounting & Finance software. Xero price Starting from $28 Per month , when comparing Xero to their competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.

Bottom line: FreshBooks cost is around the same cost of Xero.

Features and functionality

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared FreshBooks Vs. Xero based on some of the most important and required Accounting & Finance features.
FreshBooks: Mobile Access, Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Depreciation, ..
Xero list of features include the following: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, .

Target customer size

From day one, FreshBooks was intended for Freelancers and small businesses who just don't want to waste their time using Excel or Microsoft Word when invoicing their client. Xero is best for small businesses, freelancers and non-profit organizations.

FreshBooks

ITQlick rating
(4.5/5)

Starting from $15 Per month

FreshBooks is built for small business owners to get organized and get paid. You'll spend less time billing, and more time getting down to business.FreshBooks is simple and intuitive, so accounting isn't intim...

Categories: Financial reporting, Core Accounting, Billing & Invoicing, Bank reconciliation, Accounting & Finance.

Xero

ITQlick rating
(4.3/5)

Starting from $28 Per month

Xero is a cloud-based accounting and finance software for small, start-up, and growing enterprises. It has invoice management, purchasing, bank reconciliation, and bookkeeping features which help businesses boo...

Categories: Billing & Invoicing, Bank reconciliation, Asset management, Accounting & Finance, Budgeting & Forecasting.

Compare screenshots

Compare specifications

FreshBooks Specifications

Name: FreshBooks
Company: FRESHBOOKS
Address Toronto, Ontario, Canada
Website:FreshBooks
Platforms: Desktop, Mobile, Cloud

Xero Specifications

Name: Xero
Company: Xero
Address Xero Accounting Software, Wellington, New Zealand
Website:Xero
Platforms: Desktop, Mobile, Cloud

Compare features

FreshBooks: 8 Features

Mobile Access
Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Depreciation

Xero: 8 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Fixed-Assets
Purchase Orders
Analytics
Forecasting