FreshBooks Accounting Software Alternatives
FreshBooks accounting software has become a favorite among small business owners, sole proprietors, and freelancers. It has a solid reputation as a leading accounting and invoicing solution.
Although there is no debate about the popularity of the software, is it the best option for every small business? Shopping around is a great idea, but sometimes the endless options can feel overwhelming. That’s why we did the research for you. We’ve reviewed a few alternatives that might better suit your small business needs.
QuickBooks Online has over 3 million subscribers, and there’s a reason for that. If your main goal is to get your accounting software up and running as quickly as possible, QuickBooks Online is a great option. With its easy setup and ability to skip steps in the setup process, QuickBooks Online is perfect for saving time on accounting software.
QuickBooks Online features depend on the plan you select. All plans come with features like sales tax tracking, invoicing, accepting payments, estimates, and capturing receipts. Advanced plans also include business analytics, time tracking, and inventory management. If your company works with an accountant, there is also a “My Accountant” option, which allows them to access your company’s financial information. The banking function provides an overview of each connected bank account and allows users to quickly classify expenses.
There are four QuickBooks Online plans, starting with Simple Start, the single-user plan that costs $12 per month. Next is Essentials, which supports up to three users for $20 per month. For five users, select the Plus plan, which costs $35 per month. Finally, the Advanced plan costs $75 per month and supports up to 25 users.
Advantages and disadvantages of QuickBooks Online
|Benefits of QuickBooks Online||Disadvantages of QuickBooks Online|
|Supports up to 25 users||Slow response at peak times|
|CPA administration options||In-app support only|
|Compatible with hundreds of apps||Some features are missing from the dashboard|
If free or low-cost software is your primary goal, Wave Accounting is a great alternative to FreshBooks. This is a particularly attractive option for freelancers. No matter how many users you have, this software offers all the same features as FreshBooks, for free.
Tracking expenses in Wave is much easier than with many other accounting apps because it lets you upload receipts with your phone. Wave also lets you customize your invoices, but provides a number of invoice templates if you’d rather skip the customization. You also have the option to accept payments directly through your invoice to speed up the checkout process. If you are interested in a personal coach, monthly accounting or tax services, sign up for Wave Plus.
Wave Accounting only charges fees if you use its services to process payments or issue payroll to your employees. Wave charges 2.9% plus 30 cents per transaction, or a 1% fee for ACH payments. Full-service payroll processing includes a start-up fee of $35, plus $4 per employee, while a monthly fee of $20 covers self-service payroll. Note that full-service payroll is only available in certain states.
Advantages and disadvantages of Wave Accounting
|Wave pros||wave against|
|Free chart of accounts||Limited reports|
|Double-entry accounting||No budgeting|
|Free chat support for beginners||Not suitable for large companies|
If you’re a small business owner and don’t want to hunt for a new app as your business grows, AccountEdge Pro might be the software for you. If your business is still very small, you can start with the basic version of the software. As your business grows, you can seamlessly upgrade to the higher version designed for large enterprises, Priority ERP, rather than switching software because you’ve outgrown the application.
With AccountEdge software, you can use the application on the cloud, on company premises, or both. This works especially well if you have a small physical location. If you own an e-commerce business, you can take advantage of the Shopify AccountEdge connector, UPS shipping integration, and customer portal.
AccountEdge offers two plans for on-premises use, both with one-time fees: Basic for $149 and Pro for $399. Cloud usage fees are assessed monthly: Priority Zoom costs $50 per month and Priority ERP costs a custom monthly fee.
Advantages and disadvantages of AccountEdge
|Benefits of AccountEdge||Disadvantages of AccountEdge|
|Great scalability||Dashboards for large enterprises only|
|Unique free options||No mobile app for Android|
|Ideal for small and large businesses||Telephone support costs|
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If the long-term plan for your business is to remain a sole proprietorship, Kashoo may be a good FreshBooks alternative for your business. With an all-inclusive package and flat rate, it’s perfect for entrepreneurs, freelancers, and anyone else running a solo business. Very small businesses can also consider Kashoo, but you may need to select another accounting option as your business grows.
You can use Kashoo to create custom invoices and track your income and expenses without needing to connect your bank account. You will also be able to accept credit card payments on each invoice. Although Kashoo’s integration options are more limited than many other accounting apps, this may not be a problem for sole proprietors.
The cost of using Kashoo is $199 per year, which makes it more economical than its major competitors.
Advantages and disadvantages of Kashoo
|Kashoo Pros||The disadvantages of Kashoo|
|Flat rate||Limited reports|
|Friendly for freelancers||No mobile app for Android|
|Live phone support||Limited integration options|
If your main goal is to provide consulting, you probably know what it’s like to buy accounting software and leave most features intact. Most of the features offered by accounting apps are not necessary for you. If this is your case, try ZipBooks. Although not as popular as other apps in the market, it was developed with consultants in mind.
ZipBooks has a built-in timer on the dashboard, so it’s easy to track how much time you spend on client projects. You can even assign specific timers to different projects, and start and stop them as needed. ZipBooks also lets you create custom quotes and estimates. Other features include unlimited invoices and the ability to accept digital payments.
For entry-level consultants on a budget, ZipBooks offers a free plan. As your business grows, you can upgrade to the Smarter plan for $15 per month or the Sophisticated plan for $35 per month. ZipBooks offers the Chart of Accounts for much larger businesses; prices for this plan vary.
Advantages and disadvantages of ZipBooks
|ZipBooks Pros||Disadvantages of ZipBooks|
|Free formula||No Android app|
|Integrated timer||No phone support|
|Personalized billing||No inventory management|
No matter the size of your business, you have plenty of accounting software options. The most popular options are well-known for a reason, but don’t let their reputation deter you from considering lesser-known apps. One of them might be your perfect match.