Try the best Quickbooks alternatives for high-quality accounting software. Listed top 7 free payroll tools like Quickbooks in 2020.
If you’ve ever looked for accounting software, then you’ve heard of Quickbooks.
Many websites tout Intuit’s Quickbooks as the best accounting software for small businesses and large businesses alike. While Quickbooks is affordable and user-friendly, does it really live up to the hype?
With plans starting at $25/month, Quickbooks is great if you’re looking for a low-cost accounting software with strong integration tools that can help you perform basic tasks like expense billing, sales invoicing and financial reporting.
However, Quickbooks users oftentimes complain about user limitations, platform instability, unhelpful customer support, and lack of industry-specific features. You can still use the QBO Test Dive feature to access demo version.
Best Software Like Quickbooks as Alternatives
So, what are the best alternatives to Quickbooks? Luckily, there are several high-quality accounting softwares available in 2020. Here are our top 7 Quickbooks alternatives 2020:
Useful: Learn How to Manage Payroll efficiently before going to try these tools.
Xero is an accounting software best suited for medium-sized businesses. It has a user-friendly interface, built-in payroll, bank feeds and is constantly upgraded.
However, it is not compatible with Exchange Trade Products (ETPs) and doesn’t have a debtor chasing feature, which can make it difficult for businesses to ensure timely payments.
Pricing starts at $9/month.
Freshbooks is the best accounting software for freelancers and service-based businesses. It is praised for its invoice to payment functionality, expense tracking algorithm, time-tracking feature and fantastic customer service. Freshbooks is by far one of the most intuitive accounting softwares on the market.
The most common complaint about Freshbooks is its feature limitations on the cheaper monthly plans.
Pricing starts at $15/month.
Wave accounting is oftentimes advertised as the best free accounting software. It is recommended for freelancers and small businesses with under 10 employees.
Wave can create automated reports and financial statements with ease, send bill and invoice reminders and teach you all about their platform with their simple guides. This software also instantly syncs data and has multi-currency abilities, but falls short when it comes to their lack of mobile app and full-service payroll capabilities.
Wave has 3 pricing options: a free plan with limited features, a pay-per-use plan that charges per transaction and monthly plans that start at $20/month but also charge per employee and per contractor paid.
Zoho Books is helpful for businesses of all sizes. It has high-quality account and lead management features, customizable forecast reports and easy-to-manage dashboard.
However, it is oftentimes criticized for its inability to automate workflow and complicated integrations.
Pricing starts at $9/month.
Sage is better geared towards medium to large businesses. Users love its detailed reporting function, extensive customization options, easy integrations, automated workflows and industry-specific features.
Some cons of Sage include: difficult set-up, over-complicated features, hard-to-read reports and lack of cost accounting.
Pricing starts at $14/month.
Kashoo is designed for freelancers and small business owners that want a simple, no-nonsense accounting software.
It’s known for having fantastic project collaboration features, customization options, real-time reporting, expense tracking and quick-entry feature.
The two main complaints about Kashoo are that it lacks some industry-specific features and that its mobile app doesn’t have all of its online features.
Pricing starts at $20/month.
Best for small to medium-sized businesses, Odoo is a leading accounting software that offers extensive customization options and scalable plans along with apps for comprehensive accounting functions like CRM, Sales, POS, and invoicing. Some of its best features include operations streamlining, integrations, business website creation and automations.
However, Odoo is frequently criticized for having limited invoicing features and unnecessarily complicated pricing plans.
Pricing starts at $24/month with extra monthly fees for each app including invoicing, timesheets, expenses, CRM, etc.
If you want an affordable, efficient, and intuitive accounting software- but aren’t a Quickbooks fan- don’t be discouraged. From Freshbooks to Kashoo, there are dozens of accounting softwares on the market today that could give Quickbooks a run for their money. While this list is far from exhaustive, we are confident that you will fall in love with at least one of these top 7 Quickbooks alternatives on the market today.