FreshBooks vs Xero

Here is a comparison between Accounting Software products Xero & FreshBooks.
The comparison details include features, reviews, ratings and pricing.

Product Name FreshBooks Xero AccountEdge
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Editor's Rating

90%

100%

80%

Website Website Website Website
Price US$9.95/mo US$20/mo US$10/mo
Review Read Read Read
Good

Ease of use, clean interface, cloud-based accounting, faster payouts with several gateways, multiple currencies and languages, reliable manager, print support, intelligent time tracking, auto invoice and account updates for payments, useful add-ons and integrations, handy security, iPhone and Android support, diverse customer support options

Comprehensive dashboard, ease of use, clean interface, inventory and payroll support, full of simple and complex accounting features, several support resources, multicurrency transactions, latest reporting sense, lots of add-ons and integrations, time saving automatic features such as bill tracking and bank feeds.

Years of experiencing in accounting, Various addons for AccountEdge Pro plan, Option to choose from Cloud or Desktop editions

Bad

Lacks double entry bookkeeping, no attachments to invoices, lacks invoice customization, costly for multiple staff members, no inventory tracking or payroll support, shorter trial period, lacks useful features such as job costing and invoice templates

Lacks basic automated features such as reminders of dues, lacks minor features such as sending quotes, no timesheets for 1099 contractors, inability to import a .CSV bank statement with separate credit and debit columns, no phone support, limited mobile functionality, Costly monthly plans

Costly AccountEdge Pro including upgrades, Limited features in cloud edition.

Overall

A perfect single-entry, cloud-based invoicing system for freelancers and business owners for whom payment is straightforward but lacks to be a full-fledge accounting software for those who follow the double entry tradition

A fantastic cloud-based accountant acting as a midpoint between all-inclusive installation-based tool and essential cloud-based tool

Despite 25 years of experience in accounting software, the product still lacking some important features. Pro plan however offers various extensions to increase flexibility.

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Accounting Software Features
Track Income
Track Expense
Track Inventory
Bank Reconciliation
Backup Auto Auto Manual
Invoices
Accept Payments
Recurring Payments
Payment Reminders
Project Management
Time Tracking
Collaborators
Print Checks
Encryption 256-bit 128-bit
User Accesss
Create Reports
Payroll Processing
Mobile Apps 2 2 iOS Only
Addons 70+ 350+
Free Trial 30 Days 30 Days 30 Days
Support Options 4 3 4