Xero vs Quickbooks vs ZarMoney: Detailed Review

When we talk about the industry-leading online accounting softwares, three tools that are highlighted at the top are Zarmoney, Xero, and Quickbooks. This is because of the stunning and efficient features that these tools offer along with their high customer satisfaction rate and awesome user experience. With these smart cloud-based accounting softwares, you can manage the finance activities of your business with ease and in a hassle-free way. So, here comes a question, which one of them is better?

Well, there are pros and cons of all three of these tools. However, it all depends on your business requirements and needs. So to help you decide, we have made this comparison blog that will help you know exactly which tool is the best for your business. We will be comparing all three of these tools on the basis of different categories so that you know exactly what each tool has to offer. Now, without further delay, let’s dive right in!

What is a cloud-based accounting software all about?

A cloud-based accounting software is a powerful contributor to running and maintaining the day-to-day finances of a company. The leading accounting software companies like Zarmoney, Xero, and Quickbooks are some of the top names in this industry. with these tools, you are able to get a clear view of your accounting activities. This way, you'll be able to stay on top of your business projects and utilize your time in the best way possible.

Xero, QuickBooks, and Zarmoney Online are some of the top names when it comes to reliable, useful, and sturdy accounting software platforms. All three of these tools have a lot of efficient and useful features to offer. With the help of these features, your account maintenance activities can be managed effortlessly. Now, when it comes to these top 3 tools, Zarmoney, Xero, and Quickbooks, all three of them tick most boxes of features. However, they have different approaches. With this comparison blog, you'll be able to easily figure out which one of them is the best-fit accounting tool for your business requirements. But first, let’s look at an overview of these tools;

	ZarMoney	QuickBooks Online	Xero
Customers & Account Receivable
Create and email Invoices
Recurring Invoices
Mileage Tracking	×
Credit Limit & Credit Hold		×
Accept Online Payments
Receive ACH Payments
Quotes / Estimates
Sales Orders		×
Order Status		×
Customer Statement		×
Scheduler		×
Accept Pre-payments		×	×
Notification via Text & Email		×
Vendors & Account Payable
Bills
Expenses
Automatic matching
Payable Center & Calendar		×	×
Approve Bills		×
Payment Discounts		×
Receipt Attachment
Related Transactions		×
Automatic Expense Recording
Productivity
Customizable Dashboard		×	×
Collaborate with your team		×
File Attachment
Access from everywhere
Mobile App	Coming soon
Internal Notes		×
Advance user Permissions		×
Restricted IP Access		×
App Store	Basic	Lots of apps	Lots of apps
Notification via Text & Email		×
Organize Customers with Custom Fields		×	×
Inventory
FIFO Cost Methods
Inventory Management
Manage Multiple Warehouses		×	×
2 Step Warehouse Transfer		×	×
Price Level			×
Barcode		×	×
Customizable Units of Measures		×	×
Get real-time inventory data
Product Category			×
Customizable Product Fields		×	×
Item Tracking and History
Compare Received Inventory with PO’s		×	×
Create Pick Lists		×
Split Transactions with Enhanced Inventory Receiving		×	×
Accounting
Bank Connection
Bank Account Reconciliation
Profit & Loss
Sales Tax		More advance
Bank Deposits
Import bank transactions
Fund Transfers
Journal Entries
Reporting
Insight ™		×
1099 Reporting
Balance sheet
Trial Balance
Account Receivable (A/R)
Account Payable (A/P)
Comprehensive Reporting

Xero vs Quickbooks vs ZarMoney: A quick Overview

Let's have a look at the overview of Zarmoney, Xero, and Quickbooks before we dive into their comparison;

ZarMoney

ZarMoney is a Cloud-Based Accounting Software that is a perfect fit for all sorts of businesses. The super useful features offered by this tool help you save time and stay on top of your accounting activities. You can also track your financial management activities and see what your team is up to. Overall, this tool is very simple to use and offers everything you need to keep your business account straight and perfectly organized.

ZarMoney is a user favorite because of the elite feature set it offers. This is because there is no other accounting software that provides such top-to-bottom control from full inventory management to customized reports and much more.

Xero

Xero is a leading cloud-based accounting software founded in 2006. This software helps you complete your to-do list with ease and efficiency. The company is based in New Zealand and has been a customer's favorite since its launch. With the help of this tool, you can actually make accounting more enjoyable and sleek. Xero is a simple yet powerful software that helps businesses operate their accounting tasks with no hassle at all. This is why Xero has a strong value proposition to compete with ZarMoney and QuickBooks Online, which are also some of the top names when it comes to online accounting softwares.

Quickbooks

Quickbooks Online is another name that is highlighted among the top online accounting softwares. It is a market-leading accounting software that is trusted by many users around the world. With Quickbooks cloud-based accounting solution businesses can simplify many of their repetitious tasks and procedures by handling bills and invoices, tracking assignments, and even tracking miles automatically with a phone. This is why Quickbooks has a solid reputation.

Comparison of Features list and best features

In this section, we are going to compare the features of ZarMoney, Xero, and QuickBooks. So let’s get on with it!

ZarMoney

These are the incredible features offered by this tool;

Invoicing
Accept Credit Cards Online
Accept ACH Payments
Quotes / Estimates
Sales Orders
Quick Sales
Customer Statement
Accept Prepayments
Payment Terms
Notification via Text & Email
Organize Customers with Custom Fields
Order Status
Credit Limit & Credit Hold
Recurring Invoices
Inventory Management
Manage Multiple Warehouses
Create Pick Lists
Split Transactions with Enhanced Inventory Receiving
Price Level
Get real-time inventory data
Customizable Units of Measures
Barcode
Product Category
Customizable Product Fields
Item Tracking and History
Compare Received Inventory with PO’s
2 Step Warehouse Transfer
Bank Connection
Import bank transactions
Divisions & Classes
Bank Account Reconciliation
Chart of Account
Sales Tax
Bank Deposits
Fund Transfers
Journal Entries
Insight ™ (customizable reporting)
1099 Reporting
Profit & Loss
Balance sheet
Trial Balance
Account Receivable (A/R)
Account Payable (A/P)
Comprehensive Reporting
Scheduler
Advance user Permissions
File Attachment
Customizable Dashboard
Notification via Text & Email
Collaborate with your team
Internal Notes
Access from everywhere, and much more!

Best features

1. Seamless invoicing and billing

With ZarMoney invoicing and billing are super easy and hassle-free tasks. You can create custom invoices that best fit your business needs. You are also able to activate the auto-billing cycle for generating your invoices effortlessly. There is another super useful feature that you can add called “Pay Now”. With this feature the customers are able to pay directly from the received invoice. There us also an option of prepayment which is an awesome feature that Xero and Quickbooks does not offer.

2. Bank synchronization

With this tool, you can use automatic bank synchronization for your business. It makes it a lot easier to accept, edit, review, and reconcile your bank transaction records. This software facilitates connections with more than 9000 different financial institutions which earns ZarMoney another golden point in terms of customer ease.

3. Dynamic statements

With the dynamic statements feature offered by Zarmoney, you can double-check your actual bank statements and reported transactions with just a single click. This software brings data comparison and annotation to your fingertips. You can also create cash flow statements, custom earning reports, and balance sheets easily with ZarMoney. Sounds incredible, doesn't it!

Xero

These are the awesome features offered by this tool;

Pay bills
Claim expenses
Bank connections
Accept payments
Accounting dashboard
Analytics
Capture data
Finance reports
Stock inventory
invoices
Online file storage
Track projects
Payroll with Gusto
Bank reconciliation
Multi-currency
Manage Xero contacts
Create and send purchase orders
Online quotes
Automatically calculate sales taxes on transactions

Best features

Here are the top 3 features offered by this tool;

1. Accounting dashboard

Xero offers an awesome accounting dashboard that enables you to keep an eye on your day-to-day finances. You are able to track balances, bills, invoices, and much more. This way you can stay on top of your cash flow and manage it like a pro. It also provides you with useful insights into your sales and spending. You can view account balances and see your card information, all from a single dashboard. Convenient, right! You can also view all the activities of your ongoing projects and their debit and credits.

2. Analytics

With the helpful analytics offered by this tool, you can see the future cash flow of your business and track all the metrics as well. It is a very useful feature as it lets you check on the financial health of your company. You can get a clear view of your current cash position. It also helps you know which invoices you should prioritize. By upgrading to analytics plus, you will get help in making your cash flow decisions based on the AI-powered predictions which are popular for being pretty accurate.

3. Accept online payments easily

With Xero, accepting online payments is a hassle-free task. You can get paid twice as fast online by connecting to GoCardless, Stripe, and others. You can also add a “Pay now” button on your online invoices so you can get paid from the invoice with ease. Other than that, the online transactions are protected, so you don't have to worry about your information being misused.

Quickbooks

Here are some of the best features offered by this tool;

Custom invoices and quotes
Organized expenses in one place
Bank feeds
GST & VAT
Inventory
Capture and organize receipts
Insights and reports
Multi-currency support
Safe and secure information
Inventory tracking
Manage budgets
Manage employees
Free iPhone and Android apps
Accountant access

Best features

Here are the top 3 features offered by this tool;

1. Custom and professional invoices

With this tool, you can easily create custom and professional invoices and get paid within days. There is nothing more useful for busy business owners than being able to manage their invoices from one place and this is exactly what Quickbooks lets you do.

2. GST & VAT

With this feature, you can make your finance management an effortless task because it lets you handle all your tax information from a single place. You’ll be able to know exactly how much tax you have to pay and will be able to avoid missing the due dates. Plus, you can automatically calculate your sales tax with this tool which is another super useful thing about Quickbooks.

3. Inventory

Inventory tracking is a very time-consuming task that every company has to do repeatedly. However, with QuickBooks, you can easily and efficiently manage your stock. This way you’ll be informed about what quantity you have exactly and what you need to order. This tool's inventory is auto-updated so you can say goodbye to manual inventory maintenance. You can also organize your inventory with images, prices, and categories. Sounds awesome, doesn't it!

Which one’s better?

When it comes to features, we can see that we have a clear winner, ZarMoney. ZarMoney indeed offers some top-notch features. This tool is not only an elite accounting software but it is useful for everyone in your team. Features like 1099 preparation, aging tracking, data extraction, PO reconciliation, and much more are offered by ZarMoney. Xero and Quickbooks also offer some excellent features but none that can top the ones offered by ZarMoney.

Xero vs Quickbooks vs ZarMoney: Detailed Review

What is a cloud-based accounting software all about?