Freshbooks vs Xero


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Freshbooks
FreshBooks is an online invoicing software as a service for freelancers, small businesses, agencies, and professionals. The product includes a myriad of other related features, such as time tracking, expense tracking, recurring billing, online payment collection, the ability to mail invoices through the U.S. Post, and support tickets.
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Xero
Xero is accounting software for small business. Like alternatives, Xero allows to manage invoicing, reconciliation, accounts payable, bookkeeping and more. Share access to your latest business numbers with your team & your accountant – so everyone is up to speed. Xero accounting software lets you work anywhere.

Latest news about Freshbooks and Xero:



01.05.17. PayPal launched small biz toolset Business in a Box. PayPal launched a new service called Business in Box, aimed at bringing more U.S. small business owners to its payments platform. The service, which was developed in partnership with WooCommerce and Xero, offers merchants a suite of tools for running their online businesses, including an online storefront, accounting tools, the ability to apply for working capital from PayPal, and of course, support for taking payments either online or offline, via PayPal. Business in a Box is largely aimed at first-time business owners who already know what they want to sell and have a roadmap in mind, as well as at established offline businesses that want to make the move online.



07.05.15. Freshbooks allows to invoice your clients faster. Online accounting software FreshBooks has added three improvements to make your billing speedier than ever before. With a new search box at the top of the list, you can simply start typing the client you’re looking for and only the people that match your search criteria will appear.  Adding a new client right from the New Invoice screen also becomes easier. Now the “New Client” field is right up at the top of your client list to help make creating new clients just that much easier. Besides, now when you update your client’s contact information (such as their address or phone number), the changes will now immediately appear on all unsent invoices for that client. Older invoices that have already been sent will retain the old information by default, although your can manually update them if needed. So if you’re not a fan of doing things twice, this is particularly good news.



25.02.15. Cloud accounting service Xero raises $111M. New Zealand-based online accounting software firm Xero has raised a $110.8 million round of capital to grow its business in the North American market. Prior to today, Xero had raised over $240 million from investors. Xero provides online accounting software for small/medium businesses and accountants. While many small businesses were still using rudimentary accounting systems or even Excel spreadsheets, Xero knew the future was in the cloud. By giving small businesses, accountants and bookkeepers a way to do accounting online and from mobile, has revolutionized how they work.



20.01.15. Xero launches cloud payroll service in US. Cloud accounting startup Xero announceding a new product that will extend it further into the back-office by offering up cloud-based payroll and tax software. Xero Payroll was designed to target the more than 5 million small businesses in the U.S. that have fewer than 20 employees. For those employers, many of which outsource it to third-party providers, payroll can end up being a significant expense, between $200 and $500 per month. In addition to the cost of outsourcing, there is also the potential for human error and fines based on incomplete or incorrect information. The product provide SMBs with the same type of cloud-based platform that it’s created for accounting, but make it available to help employees get paid and electronically file state and federal payroll taxes.


2013. Xero Launches New Features and Plans for a Payroll Solution. Xero, the cloud-based accounting solution for small business, has added a collection of new features. They include Xero Touch - a new version of its Apple mobile operating system recently updated for iOS7. It allows users to check bank transactions, invoice, check with an accountant and more directly from a smartphone. Xero Files is a new drag and drop application. It lets you add invoices, transactions, expense receipts, fixed assets, contracts and just about any other kind of files into Xero. You can then attach them to related files and documents making them easy to find, the company says. Xero Purchase Orders now allows you to put together purchase orders for your business in the same way you can already put together invoices on Xero. Pricing starts at $19 per month for small businesses depending on the number of invoices and payments being processed.



2009. FreshBooks - online billing for small business. There are a lot of online billing services on the Web and each offers its own mix of usability and applicability to a business. But if you're looking for something simple that will make it easy to monitor your billing cycles, FreshBooks is a good place to start. FreshBooks makes it simple to manage clients, projects, and most importantly, invoices. The tool generates recurring invoices and automatically bills customers. And it's relatively affordable: you can pay nothing if you need basic invoicing or pay up to $149 per month if you want more employees to access the account. Aside from being able to import from and export to QuickBooks and CSV files, the tool automatically integrates with payment processing solutions like PayPal and its design makes completing your invoicing tasks quick and easy.But the most useful feature is its tracking. If you're using a crude system for billing, you probably have some trouble remembering when or if you were paid. FreshBooks eliminates that issue and provides a menu pane showing outstanding payments and historical payments so you know when money is coming in. And if you're worried about the look of your invoice, you can customize it any way you'd like and even input your company logo.


2006. FreshBooks, a refreshingly straightforward invoicing service. FreshBooks is another online invoicing service for small businesses. Like Blinksale and Simplybill, which also prepare invoices online, it's a somewhat spare utility that does just one business function. But this one's feature set is not quite as spare the other utilities. There are more options for managing clients, projects, and contacts. The product will generate recurring invoices and auto-bill customers. There are several useful reports you can run. There's a rudimentary time-logging function (useful for billing services). There's even a support ticket module, although Iým not sure this belongs in an invoicing utility but I guess if a support issue is causing a customer to not pay you, you might want to track it here. The service is free to use indefinitely, but limits you to 3 client accounts. Paid versions start at $14 a month and allow you to bill more clients and have more users at your business working on the system. If you are looking at online invoicing systems, definitely try this product.