FreshBooks and Quickbooks are two of the most widely used accounting tools available these days. Are you struggling to choose the right one for you? Then check out this Freshbooks Vs QuickBooks comparison.
Whether you’re a bookkeeper or a business owner, accounting is likely a part of your daily life. While this may sound tedious, it doesn’t have to be.
Thankfully this is 2020 and we are no longer living in the stone ages. Accounting software can help increase efficiency, streamline your processes and make your job a whole lot easier.
However, there are dozens of accounting softwares on the market. So, which one is right for you?
Today, we’re going to compare Freshbooks and Quickbooks.
Freshbooks by OneSaas and Quickbooks by Intuit Viewmypaycheck are both cloud accounting management softwares. While they perform similar functions, their features are very different.
So, let’s break it down. Freshbooks vs. Quickbooks- which is the better accounting software?
Freshbooks is an accounting software by 2ndSite Inc that works best for solopreneurs, freelancers and service-based businesses.
- QBO Test Drive available.
- User-friendly platform
- Built-in time tracking
- Easy integration with apps and websites like Zoom, HubSpot, G Suite, SquareSpace, and many more
- Advanced customization options
- Multi-platform support with Linux, Windows, iOS, and dozens more
- Country-specific tax calculations for over 120 countries
- Invoice automation feature that can automatically invoice billable hours, send reminder emails and send recurring invoices
- Easy to create many types of reports
- Difficulty with bulk creation and editing of forms like invoices
- Inaccurate automatic categorisation of automated expenses
- No built-in expense tracking
- Manual expense tracking
- No automated balance sheets
Quickbooks is an accounting software by Intuit designed for growing small to medium-sized businesses that sell products and require a more comprehensive accounting software.
- Inventory tracking features
- Double-entry accounting
- Best comprehensive all-in-one accounting tool
- Easy integrations with financial companies
- Free-form invoicing
- Ability to create customised “rules” for expense tracking
- No built-in time tracking feature
- Reporting mainly through manual entry and tagging
- Limited reporting in the online version
- Complicated interface can be difficult to learn
- Entries can glitch
- Occasional syncing problems
Quickbooks may be one of the oldest and most widely-known accounting softwares, but that doesn’t mean it’s the best. Many newer softwares like Xero and Freshbooks have become viable alternatives to Quickbooks.
At the end of the day, determining which accounting software is best for you and your business will come down to what you’re looking for. Before making a decision, ask yourself these questions:
- How big is my business?
- What kind of business do I have?
- How much do I want to spend?
After answering these questions and reviewing the pros and cons of both Freshbooks and Quickbooks, you should be able to easily determine which accounting software is the best fit for your business needs.