Xero launched in 2006. In just over 10 years, it grew to more than one million global customers. It doubled that number by 2019 and hit three million global users by 2021.
QuickBooks, owned and developed by Intuit, began much earlier than Xero. It introduced its cloud version—QuickBooks Online—in 2001, five years before Xero. By 2017, it had two million users. However, our accountants feel that QuickBooks’ growth was largely due to it being based in the larger US market and that QuickBooks Online lagged behind Xero in features and functionality. Whereas the QuickBooks desktop product has always been excellent, its cloud offering struggled to catch up.
All of that has changed in 2024, and our accountants agree that QuickBooks Online has become a formidable contender to Xero in the online accounting arena. ]Xero launched in 2006. In just over 10 years, it grew to more than one million global customers. It doubled that number by 2019 and hit three million global users by 2021.
QuickBooks, owned and developed by Intuit, began much earlier than Xero. It introduced its cloud version—QuickBooks Online—in 2001, five years before Xero. By 2017, it had two million users. However, our accountants feel that QuickBooks’ growth was largely due to it being based in the larger US market and that QuickBooks Online lagged behind Xero in features and functionality. Whereas the QuickBooks desktop product has always been excellent, its cloud offering struggled to catch up.
All of that has changed in 2024, and our accountants agree that QuickBooks Online has become a formidable contender to Xero in the online accounting arena.