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Is There a Good Alternative to QuickBooks Accounting Software?

 

QuickBooks has been helping businesses and individuals manage their accounting needs since 2004. It is one of the most popular cloud-based accounting software options because of its full accounting package and cheap subscription pricing. Throughout the years, it became a much-needed tool for bookkeepers and accountants alike.

But despite all of that, there are other accounting software choices that can match what QuickBooks has to offer. 

 

Meet FreshBooks

Deemed as the best cloud-based accounting software for self-employed individuals and small businesses, FreshBooks is a good alternative for QuickBooks users. It is known for having a simple and intuitive interface and easy invoicing system. FreshBooks offers features which are essential to freelancers and small business owners. Some of them include time tracking, expense categorization, assigning of team roles, simultaneous users access, proposals, and projects.

To have a better understanding on how FreshBooks is on par with QuickBooks, let us look at five factors which are important when using an accounting software:

  • Ease of setup/use
  • Invoicing and payments
  • Expenses
  • Reporting
  • Pricing

 

Ease of setup/use

As mentioned earlier, FreshBooks is known for having a simple interface which makes it easier for users to navigate. There is also a step-by-step walkthrough so users will not get lost along the way. If any problems occur, FreshBooks has award-winning customer support which will help users the best they can. 

Invoicing and payments

Invoicing is FreshBook’s greatest advantage due to its time tracking tool. Freelancers and other service-based businesses can charge their clients the right amount for the hours they spend on a project. All billable hours are automatically shown in an invoice. FreshBooks also sends the clients follow-up emails in case there are overdue payments. 

In terms of payments, FreshBooks offers several payment options which let clients pay directly through invoices. This way, the user will get paid faster and all payments are automatically reflected in the account.

Expenses

 No more manual entries are needed when tracking expenses. FreshBooks users only have to connect their bank accounts or credit cards and all expenses will be shown in their accounts. This is very helpful during tax time since FreshBooks has an expense categorization feature which makes filing easier. 

Reporting

The dashboard of FreshBooks instantly shows how a business is doing. It contains insightful reports and information that will surely help. FreshBooks also generates ready-made financial reports like profits and losses that are detailed enough to be understood easily.

Pricing

FreshBooks pricing plans are based on how many active clients a business has while QuickBooks pricing plans are based on the features offered. 

For FreshBooks, there are three pricing plans:

  • Lite ($15/month) – 5 billable clients
  • Plus ($25/month) – 50 billable clients
  • Premium ($50/month) – 500 billable clients

The great thing about this is that all FreshBooks features are present in all pricing plans and they only differ in terms of the number of clients. In QuickBooks, there are certain features that are only available with their higher pricing plans such as time tracking, expense categorization, and assigning of team roles. Business owners and freelancers will definitely get more out of Freshbooks’ pricing plans.

 

Final thoughts

For small business owners and freelancers who use QuickBooks, FreshBooks is definitely the best alternative. It offers features and services that strictly cater to their line of work with a simple, easy interface that can be easily understood. Not only that, its pricing plans are worth the money especially since all features are present. FreshBooks is definitely a must-have accounting software for all new entrepreneurs and freelancers who want to steer clear of accounting problems and nightmares. 

To learn more about FreshBooks and all of its features, visit the website at https://www.freshbooks.com.