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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. 

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