Mike @ quickbooks-blog.com writes: I recently wrote about QuickBooks Online (QBO) vs Xero.
I wrote from memory, about some fast changing facts, without confirming them, so some things I wrote were not true. I deeply apologize for this, especially to those who reposted what I wrote. Fortunately, the exact numbers lead to the same conclusion about Xero badly beating QuickBooks.
The attached files show actual users of QuickBooks Online vs Xero:
QBO
|
Xero
| |||||||
users | incr | users | incr | Diff | Mult | |||
07/31/05 | 49,000 | 49,000 | ||||||
07/31/06 | 78,000 | 59% | 78,000 | |||||
07/31/07 | 117,000 | 50% | 204 | 116,796 | ||||
07/31/08 | 133,000 | 14% | 03/31/08 | 950 | 466% | 132,050 | 33.29 | |
07/31/09 | 147,000 | 11% | 03/31/09 | 6,000 | 532% | 141,000 | 48.36 | |
07/31/10 | 201,000 | 37% | 03/31/10 | 17,000 | 183% | 184,000 | 4.95 | |
07/31/11 | 283,000 | 41% | 03/31/11 | 36,000 | 112% | 247,000 | 2.73 | |
07/31/12 | 380,000 | 34% | 03/31/12 | 78,000 | 117% | 302,000 | 3.44 | |
04/30/13 | 459,000 | 21% | 03/31/13 | 157,000 | 101% | INT | 302,000 | 4.81 |
07/31/13 | 486,000 | 28% | 06/30/13 | 193,000 | 147% | Q EST | 293,000 | 5.25 |
07/31/14 | 622,080 | 28% | 06/30/14 | 476,710 | 147% | ESTIM | 145,370 | 5.25 |
07/31/15 | 796,262 | 28% | 06/30/15 | 1,177,474 | 147% | ESTIM | -381,211 | 5.25 |
The number of QuickBooks Online (QBO) users is from Intuit Investor Fact Sheets:
The number of Xero users come from these documents:
For purposes of this comparison, I ignored a one month difference in compny year ends. I also estimated the July 31, 2013 QBO year end from its April 30, 2013 figures. I then used current growth to estimate users in 2014 and 2015.
QuickBooks desktop lost 800,000 users (16.67%) while QBO was getting 486,000 users, so QBO got less than 61% of the users that QB desktop lost. Xero got 147% more users in the year ended 06/30/13, while QBO got 28% more users in the comparable year ended 07/31/13. As the last column shows, Xero started later, but always got new users many times faster than QBO. In the years ending in 2013, Xero got new users 5.25 times as fast.
2013 was very important in the race between the products. For the first time, Xero got more new users than QBO (10,000). It also is important that the QBO growth rate dropped each year since 2011.
As we increasiingly switch to web accounting, the number of QuickBooks desktop users should keep dropping fast. Many new QBO users are former QuickBooks desktop users. However, as the number of QuickBooks desktop users keeps declining, there will keep being fewer QuickBooks desktop converting users to drive QBO growth. In addition, as Xero becomes increasingly well known, it will keep getting a larger share of such users.
Few seem to know how quickly the online revolution is killing the QuickBooks desktop program and other desktop accounting programs. There are now more than 10 times as many online accounting users as there are QB desktop users. Most of them are the approximately 40 million users of light-accounting products, from companies like Mint and Yodlee. These and smartphone apps increasingly make users want the fast growing more complete online accounting programs, like Xero and QBO. Intuit knows this, which is why it now spends 75% of development money on web apps, vs the 25% it spent in 2007. However, it obviously is not yet doing this as effectively as Xero.
There also is increasing integration and automation in online programs. These include programs for taxes, investments, calendars, milelage logs, scanned documents (including smart phone receipts), web stores, automated ordering and bill payment, outsourcing and MUCH MORE. As I will discuss in further posts, Xero is very quickly adding more of these add-ons, with its free industry-standard RESTful interface. The number of such QB add-ons is declining fast, partly due to an expensive, proprietary, limited inteface, which keeps changing, plus a badly split product line.
As the last two ESTIMATED lines in my table show, even if present trends simply continue, much faster Xero growth will give it almost 1.2 million users in only two years. This also will then give Xero almost 400,000 MORE USERS than QBO.
Tomorrow I will discuss even more reasons why this table probably understates the the number of Xero vs QuickBooks Online users.
Thank you for posting this. It is well formatted, except that these are two date links, which belong on separate lines: 07/31/0907/31/11.
ReplyDeleteI also must congratulate you on your SEO, as your version beat out mine in Google.
First of all thank you for your awesome post and this one helps me a lot. I also found some interesting and useful information about quickbooks online training and other terms of quickbooks from QBBS
ReplyDeleteI am looking for the information about upgrade to quickbooks online. Can you provide me any solution?
ReplyDeleteIt is great blog.. !
ReplyDeleteQuickbooks Hosting
http://www.sapiencecloud.com/quickbooks-hosting.php
Call: 1-877-383-7827 Quicken Master provides an Online Quickbooks Customer Support for both of our new and old customers,so that they can avail of instant help. Visit: http://www.quickenmaster.com/about-us.html
ReplyDeleteNice information...you blog...
ReplyDeleteQuickBooks technical support number +1800-470-9685 provide support for Backup Support Multi-user Support, Payroll Support, and Synchronization with Devices support, QB Installation Support, QuickBooks Tech Support for Updating your QB, and Error Support etc.
Quickbooks Tech Support Number
Our QuickBooks hosting service helps you avail your favorite QuickBooks edition over any device of your choice of any location. One of the biggest advantages of QuickBooks hosting on the Cloud is that you can access the service on an anytime, anywhere basis. You can modify, analyze and monitor the data or accounting files from within and outside the office.
ReplyDeleteLooking for QuickBooks Payroll Service Number to resolve QuickBooks errors? Call at +1-844-777-1902 get support For QuickBooks Support. More at- http://accountingdataservice.com/payroll.html
ReplyDeleteExcellent article to read. feel free to visit our site. If you want an IT Company and solution provider that provides Quickbook software solution, feel free to visit us. We are QBM IT Services, aside from quickbooks, we offer also different it services, like cuztomized web-base sytem, responsive website, payroll system, networking, and we can supply computer with specs that you want to request.
ReplyDeleteNeed Bookkeeping Services for Your Growing Business? Are you ready to find someone who can simply handle all of your bookkeeping needs so you don’t have to? Call Us-1844-777-1902 and More Info:- http://accountingdataservice.com/bookkeeping.html
ReplyDeleteThanks for posting...
ReplyDeletequickbooks intuit number
quickbooks intuit support number
intuit quickbooks number
quickbooks intuit software
quickbooks payroll service
quickbooks payroll service number
quickbooks payroll support number
quickbooks payroll support phone number
quickbooks bookkeeping services
virtual bookkeeping services
remote bookkeeping serivices
Professional bookkeeping serviecs
Are you searching for best QuickBooks Hosting provider in the US. So don't worry MyQbHost is here to help you to resolve your issue for related QuickBooks Hosting.
ReplyDeletehttps://www.myqbhost.com/quickbooks-hosting.html
ReplyDeletequickbooks customer service number - Are you looking for QuickBooks customer support online by phone? We are ready for you 24x7 to solve all the problems related to QuickBooks. You will find the best option in quick way. We are all in one stopping point for QuickBooks issues.
Bookkeeping eSolutions, is a one-stop shop for all your Accounting, Payroll, Bookkeeping, Finance, and Tax related outsourcing requirements. For more information visit our website:- online bookkeeping
ReplyDeleteThis comment has been removed by the author.
ReplyDeletequickbooks customer care - Reach to us by calling on our QuickBooks customer care toll free phone number +1-855-861-4161. Our QuickBooks customer support technicians will help you with high quality and professional services required to keep your business running at its top in specific domain. You can call now our QuickBooks customer support experts today on the given toll free number for USA and Canada.
ReplyDeleteIts a great news I was looking for the best bookkeeping software for my business and this one seems good. virtual accountant is the best way to opt for an assistant without any issues. The online accounting services helps in keeping a track of the accounts. Visit our website to know more about us. marhabareception.com
ReplyDeleteNice post it helped me a lot thanks for sharing...
ReplyDeleteGetting hosted your QuickBooks Hosting Service is the demand of the time that can put you a step head from your competitors and also help you save lots of resources and time. By QuickBooks cloud hosting, you are just a click away from all your accounting needs and software. Sapience cloud offers the lightning fast QuickBooks cloud hosting at highly competitive price. Try our 7 days free trial of QuickBooks hosting or for more info call us at 855-632-5500.
Thanks for Sharing information.
ReplyDeleteOur Xero accountants are able to help customers run their business and finances efficiently and profitably from anywhere. Get in touch with Account On Me Bookkeeping Service.
At Cirrus Cloud Hosting, we represent considerable authority in conveying the most productive and secure cloud facilitating arrangements.Quickbooks Hosting contact us- 18002159291
ReplyDeletehttps://www.cirruscloud.co
When any small or medium sized business prefers QuickBooks cloud hosting services it takes away thefear of computer crashing and system failure when user need to access their data from anywhere andanytime of the day. For more: http://www.safetechcloud.com/quickbooks-cloud-hosting.html
ReplyDeleteGet speedy reaction from Gemini specialists Are you a Gemini client? Despite numerous capacities, the clients still get into blunders while utilizing Gemini. On the off chance that you ever face nay blunders which are out of your span to comprehend so you can dial Gemini Support Phone Number 1 (800) 861-8259.and search for the most ideal arrangements from the experts. The experts are accessible day and night to help you and put full endeavors in. Gemini Support Phone Number
ReplyDeleteNice blog. Well we Quickbooks Payroll Support Phone Number 1800-986-4607. We have certified customer executive to help you. Looking for online tech support for QuickBooks? Call at QuickBooks customer support and service toll free number 1800-986-4607.
ReplyDeleteNice Blog QuickBooks is one of the best accounting software which helps in managing your company’s finances and accounting. We are providing technical support in Quickbooks for MAC support phone number it is Specifically designed for MAC operating system.We are providing 24*7 technical support so if you need any query.Please call us our Toll-free Number + 1-800-986-4607.
ReplyDelete
ReplyDeletehttps://www.seo-detective.com/qbpayrollsupportphonenumber.com/
https://www.expatriates.com/cls/43040697.html/
https://myprintly.com/members/harsh/
https://www.smallbizads.us/advert/quickbooks-support-phone-number-1800/
http://addons.us.to/addon/diamond-threat-meter/
https://www.adspostfree.com/ad/quickbooks-for-payroll-support-phone-number-1-800-986-4607/
https://www.documentine.com/quickbooks-customer-care.html/
https://www.adspostfree.com/ad/quickbooks-for-payroll-support-phone-number-1-800-986-4607/
https://www.documentine.com/quickbooks-customer-care.html/
Nice Blog I am very impressive to your blog. We are providing technical support in Quickbooks Customer Care Number . Our team is highly experienced & available for 24*7. So if you need any support in Quickbooks dial our Quickbooks Support phone number + 1-800-986-4607.
ReplyDeleteNice Blog I am very impressive to your blog. We are providing technical support in
ReplyDeleteQuickbooks Payroll Support Phone Number . Our team is highly experienced & available for 24*7. So if you need any support in Quickbooks dial our Quickbooks Support phone number + 1-800-986-4607.
Nice Blog If you need Quickbooks Proadvisor Support Phone Number then you can dial +1-800-986-4591 for help and support.Our technical support team always provides you the best technical help.
ReplyDeleteNice Blog ! Quickbooks is the widely used accounting software catering needs of industries. Though it is very simple to use yet like any other exclusive product, If you are facing issue you can take help from our experts by dialing our QuickBooks Error Support Phone Number 800-986-4607.
ReplyDeleteAre you looking for any support to fix your QuickBooks issues? Do not fret! We are here to help you with the best solutions.You need to simply dial our QuickBooks Support Phone number 1-800-986-4607.
ReplyDelete
ReplyDeleteNice Blog ! The QB error 3003 happens if sync fails before all information can be transferred to the online services of Intuit.Connect with our experts now and solve your QuickBooks issues instantly. Dial our QuickBooks Toll Free Phone Number 1-800-986-4607 now!
Nice Blog ! Our team is available every time for your help. They are carrying years of experience and can solve any QuickBooks error in a very short span of time. What are you waiting for now? Dial QuickBooks Payroll Support Phone Number 1-800-986-4607.
ReplyDeleteIf you find yourself frustrated with nagging error code. Just ring to us on QuickBooks Support Phone Number Oregon 1-833-780-0086. Tell us about the problem you are facing. So, that we can help you out with effective solutions.
ReplyDeleteFacing issues in QuickBooks? Dial QuickBooks Customer Support & get effective solutions from our QuickBooks experts. Our support team consists of a large panel of experts who give reliable aid to the users. For More: https://g.page/quickbookssupporttexas
ReplyDeleteWell explained
ReplyDeleteKnow How to install diagnostic tool .For effective solution get in touch with Our expert.
Click Here to Know How to install diagnostic tool
Dial our tech support Number for any support +1-844-908-0801.
Nice Blog !
ReplyDeleteInstant support is available at our toll-free QuickBooks Support Phone Number California 1-855-6OO-4O6O.You can ring us whenever you feel any difficulties while working with QuickBooks.
During the coronavirus lockdown, we've still been able to give quality service to QuickBooks users. Our QuickBooks experts make sure of smooth work-process via software. While facing any problems, get in touch with QuickBooks Helpline Number.
ReplyDeleteWorried about QuickBooks error?Get in touch with QuickBooks expert for instant solution.
ReplyDeleteDial QuickBooks Customer Service Phone Number 1-844-908-0801