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Libra Financial, QuickBooks or Xero?
QuickBooks and Xero are software. You set them up, you keep them up, and if you want help, you find it. Libra Financial is software with a CPA on your books, for one monthly price.
List prices checked [needs Dean: date]. Regular prices, not first-3-month promos. Sources below the table.
| What | Libra Financial | QuickBooks Online | Xero |
|---|---|---|---|
| A CPA on your books | In every plan | Bookkeeping service sold separately | No bookkeeping service |
| Monthly price for a growing small business | Assisted $49, CPA review included | Essentials $85 | Growing $59 |
| Setup done for you | Yes, by your CPA | You set it up | You set it up |
| Who answers your questions | Your CPA | Support line | Support line |
| Statements | Classic layouts, comparison columns, Excel, print on your letterhead | Yes | Yes |
| Users | Unlimited, on every plan | 1 on Simple Start, 3 on Essentials, 5 on Plus | No per-user fees |
| More than one business | One login, one CPA. Each added business is its own plan at 25% off | Extra cost, one subscription per company | Extra cost, one subscription per organization |
| Statements that combine your businesses | Yes, a consolidated balance sheet and profit and loss, set up and run by your CPA | Not in QuickBooks Online; sold in a separate product | Not built in; add-on apps cost extra |
| Price changes | Same price every month | Promo for 3 months, then list price | Promo for 3 months, then list price |
Sources: quickbooks.intuit.com/pricing and xero.com/us/pricing-plans.
Pick QuickBooks or Xero if you want to run every part of the books yourself, or you need bill pay or app integrations today.
Pick Libra Financial if you want a CPA on your books and one price that covers the software and the person.
