How to move or migrate from QuickBooks to Xero Accounting Software

QuickBooks was launched by California-based Intuit in the year 1998, and for years it has been the go-to accounting software for businesses around the globe. QuickBooks has grown more powerful over the years and offers its products at quite a competitive rate. However, with the rise of technology, several new accounting software is putting this long-time favourite software to the test. Xero is one such software that has emerged a one of the favourite software in the past few years. Xero was launch in the year 2006, and it is a New Zealand based company.

The fact the Xero is a New Zealand based company while QuickBooks is a US-based company also plays a major role in selection by Australian businesses. Xero’s features are quite accommodating to Australian taxation and other compliance. QuickBooks is not behind in this matter. However, Xero offers over 900+ integrations, while QuickBooks offers 450+ integrations for Australian businesses.

While there is no such thing as best accounting software, you must simply find software that can accommodate all your business requirements with its features. You might stumble upon the fact that the accounting software you are using is not perfect for your purpose, and you want to move to another software. However, you should know that moving all your accounting information from one software to another is not child’s play. This is the exact reason why you must choose the right software for yourself in the first place.

In today’s article, let us talk about what is the advantage of moving from QuickBooks to Xero and how you do so. One can move from QuickBooks to Xero because of the following reasons –

1. Origin: As we stated before, Xero is a New Zealand based company, while QuickBooks is a US-based company. Therefore, Xero is more Australian taxation and other compliances-friendly.
2. Integration: Xero offers over 900+ integrations, and QuickBooks offers 450+ integrations for Australian businesses.
3. User: Xero offers unlimited users for all three of its pricing plans, while QuickBooks grants up to 5 users only.
4. Interface: Xero is much simpler to wrap your head around, particularly for users who don’t know much about accounting knowledge.

These are the advantages of moving from QuickBooks to Xero. Now let us look at how to move from QuickBooks to Xero. Xero does offer a free conversion service that helps to move your data from QuickBooks to Xero and sets up a Xero organization for you, but the limitation here is that it is applicable for only US businesses. So, you can simply use apps that are available in Xero App Marketplace like MMC Connect and ConvertworX. Another way to go about it is to take the assistance of your accountant. Even while using apps like MMC Connect and ConvertworX, you might find the process slightly complicated if you do not have accounting knowledge.

At Whiz Consulting, we provide our clients with consultancy on what software may best their purpose and budget. At times, clients reach upfront to us to help them with the conversion process. We, with our team of experts, help clients to move from one software to another. If you want to avail of such services reach out to us at [email protected].