FreshBooks vs Xero
Detailed comparison to help you choose the right tool for your needs
F
FreshBooks
Accounting software built for owners
4.5
Editorial RatingQuick Comparison
Rating
4.5
vs4.3
Starting Price
$19
vs$29
Pricing Model
paid
vspaid
Feature
FreshBooks
Xero
Invoicing
Time Tracking
Expense Management
Project Profitability
Double-Entry Accounting
Client Portal
Bank Reconciliation
Expense Claims
Multi-Currency
Payroll
Project Tracking
FreshBooks Pros
- Best-in-class invoicing experience
- Excellent time tracking built in
- Very easy to learn for non-accountants
- Great client portal and payment experience
- Strong mobile apps for iOS and Android
- Friendly and responsive customer support
FreshBooks Cons
- Client limits on lower plans
- Not ideal for product-based businesses
- Limited inventory management
- Reporting is less advanced than competitors
- No payroll feature built in
- Double-entry accounting added late and feels bolted on
Xero Pros
- Unlimited users on all plans
- Clean and intuitive interface
- Over 1000 third-party integrations
- Strong multi-currency support
- Excellent bank feed connections globally
- Real-time collaboration with accountants
Xero Cons
- Invoice limits on the Starter plan
- Payroll is an add-on in most regions
- Reporting can feel limited vs QuickBooks
- No built-in time tracking
- Inventory management is basic
- US market features lag behind other regions