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QuickBooks Online is Intuit's cloud accounting package for small businesses. It covers income and expenses, bank reconciliation, invoicing, estimates, bills, payroll add-ons and a range of financial reports. The interface is approachable for owners who are not accountants, and the ecosystem includes many integrations for payments, inventory and CRM. Pricing is monthly with tiers based on company size and features, and a trial is usually available. It is widely supported by bookkeepers, which matters when choosing an accounting system, though the add-on pricing can add up.
Xero is cloud accounting for small businesses and their accountants. It connects to bank accounts, imports transactions, reconciles them against invoices and bills, and produces tax and financial reports. Invoicing, quotes, expense claims and multi-currency support are built in, and the app marketplace covers payroll, inventory and industry-specific add-ons. Pricing is per month by plan, with tiers based on invoice volume and features, and a trial is available. It is strongest in markets where accountants standardize on it; check local payroll and tax support before committing.