In what is becoming an interesting race for superior accounting software, two companies are leading the way. Most have heard of QuickBooks, an industry standard that has been around in some type of iteration for several years. The newcomer, Xero, is relying on cloud technology and a savvy design to win over a new generation of small business owners.
There are countless facets of both pieces of software that can be debated. Each likely does one thing better than the other, but here we will talk about some key features, beginning with bank reconciliations.