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Comment on Xero Raises Another $150M to Do Battle With Intuit in Online Accounting Softwareparent

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I don't think Freshbooks really counts...

They do great marketing, and the name being a play on Quickbooks is simply brilliant, but it's not at all an accounting system. No double entry, no general ledger...it's just invoices.

Granted, they are incredibly successful, so are doing something right, but I find it fairly annoying that their marketing positions themselves as a Quickbooks alternative ("cloud accounting") when they are not, IMO.

Perhaps I'm being pedantic.

So, Freshbooks aside, Xero is not Quickbooks, so I think that means it wins. :-)

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