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.
While there is no debate on the popularity of the software, is it the best option for every small business? Taking the tour is a great idea, but sometimes the endless options can seem overwhelming. That’s why we did the research for you. We’ve looked at a few alternatives that might better meet your small business needs.
Advice: Learn more about this popular accounting software in our full FreshBooks review.
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 the ability to skip steps in the setup process, QuickBooks Online is perfect for saving time on accounting software.
The features of QuickBooks Online depend on the plan you select. All plans come with features like sales tax tracking, invoicing, accepting payments, estimating, and entering receipts. Advanced plans also include business analysis, time tracking, and inventory management. If your business works with an accountant, there is also a “My Accountant” option, which allows them to access your business financial information. The banking function provides an overview of each connected bank account and allows users to quickly categorize 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
QuickBooks Online Professionals
Disadvantages of QuickBooks Online
Supports up to 25 users
Slow response during peak hours
CPA administration options
In-app support only
Compatible with hundreds of applications
Some features are not on the dashboard
Did you know? QuickBooks Online makes it easy to integrate other applications. Learn more in our QuickBooks Online review.
If your primary focus is free or low-cost software, Wave Accounting is a great alternative to FreshBooks. This is a particularly interesting option for the self-employed. No matter how many users you have, this software offers all of the same features as FreshBooks, for free.
Tracking expenses in Wave is much easier than with many other accounting apps because it lets you download receipts with your phone. Wave also allows you to personalize your invoices, but provides a number of invoice templates if you prefer to skip the personalization. You also have the option of accepting payments directly through your invoice to speed up the payment 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 provide payroll to your employees. Wave charges 2.9% plus 30 cents per transaction, or a 1% fee for ACH payments. Full-service payroll processing comes with a starting charge 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
The pros of the wave
Free chart of accounts
Double entry accounting
Free chat support for beginners
Not suitable for large companies
FOR YOUR INFORMATION: If you are not located in California, Florida, Illinois, New York, North Carolina, Texas, Virginia, or Washington, Wave Accounting software may not be the best option. For Your Business. Full-service payroll is not available outside of these states.
If you’re a small business owner and don’t want to search for a new app as your business grows, AccountEdge Pro may 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 businesses, Priority ERP, rather than switching software because you’ve outgrown the application.
With AccountEdge software, you can use the app in the cloud, on the company premises, or on both. This works especially well if you have a small brick and mortar location. If you own an ecommerce business, you can take advantage of the AccountEdge Shopify connector, UPS shipping integration, and Customer Portal.
AccountEdge offers two plans for on-site use, both paid: Basic for $ 149 and Pro for $ 399. Cloud usage charges are assessed monthly: Priority Zoom costs $ 50 per month and Priority ERP costs a custom monthly charge.
Pros and Cons of AccountEdge
Dashboards for large companies only
Unique free options
No mobile app for Android
Ideal for small and large businesses
Telephone support costs
Editor’s Note: Looking for the right accounting software for your business? Complete the questionnaire below to have our supplier partners contact you regarding your needs.
If the long term plan for your business is to remain a sole proprietorship, Kashoo can be a good FreshBooks alternative for your business. With an all-inclusive plan and a flat rate, it’s perfect for entrepreneurs, freelancers, and anyone else running a business on their own. 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 personalized invoices and track your income and expenses without needing to connect your bank account. You will also be able to take credit card payments on each invoice. While 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 main competitors.
Advantages and disadvantages of Kashoo
The advantages of Kashoo
Disadvantages of Kashoo
Suitable for freelancers
No mobile app for Android
Live phone support
Limited integration options
Advice:If you want to learn even more about Kashoo, check out our Kashoo review for more details.
If your primary goal is to provide consultations, you probably know what it’s like to buy accounting software and leave most of the functionality intact. You do not need most of the functionality that accounting applications provide. If so, try ZipBooks. While not as popular as other apps on the market, it was developed with consultants in mind.
ZipBooks has a built-in timer on the dashboard, so it’s easy to track the time you spend on client projects. You can even assign specific timers to different projects, and start and stop them as needed. ZipBooks also allows you to create custom quotes and estimates. Other features include unlimited bills and the ability to accept digital payments.
For newbie 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; the prices for this plan vary.
Pros and Cons of ZipBook
Disadvantages of ZipBooks
No Android app
No phone support
No inventory management
No matter the size of your business, there are plenty of accounting software options available to you. The most popular options are well known for a reason, but don’t let their reputation keep you from considering lesser-known apps. Any of them could be your perfect match.