Quickbooks Vs. Freshbooks
Many small businesses find it difficult to keep track of their finances due to lack of time. This is where accounting software comes in handy. A great application and accounting process can help you manage your business finances without a lot of the tedious work.
Accounting softwares like Quickbooks and Freshbooks provide small business owners with a host of useful features. They can manage finances, create invoices, track expenses, and more without having to spend hours on these tasks. Not only does this assist with saving you time, but can help prevent errors and inconsistencies in your accounting processes.
In this article, we will give you a comparison - Quickbooks versus Freshbooks. When trying to decide on what bookkeeping software is going to be best for your business, it can be difficult to guess what features you will need or how big your business will grow. Being able to weigh the pros and cons can help you confidently make a decision and get back to growing your business.
Quickbooks
Quickbooks is a popular bookkeeping software that many small business owners are already familiar with. Quickbooks helps keep track of income, expenses, taxes, inventory and more. With its powerful features and easy accessibility, it’s not hard to see why Quickbooks is #1 among small businesses.
Here is a list of some of the features:
Invoice and bill your customers
Monitor your business revenue and expenses in real-time
Inventory management system with all the features you need
Create and generate multiple financial reports ranging from basic to completely customized
In addition to some of the basic bookkeeping features, many like Quickbooks because it is so easy to sync numerous bank accounts and applications. Quickbooks also offers additional packages like payroll processing and time tracking for employees.
Pros
Quickbooks is the most popular choice among small business owners. Here are a few reasons why it is loved:
It has all the features needed to run your finance operations.
It is easy to use.
Cloud services allow you to sync outside applications and access your account from multiple locations
Cons
While Quickbooks is loved by many, there are some cons to using them for your bookkeeping needs.
Some have found that bank feed connections can sometimes be difficult, especially when compared to Freshbooks.
Quickbooks has features for fairly medium sized businesses, which means more features. This can sometimes be overwhelming for small business owners.
Quickbooks can be on the premium pricing side. They are also known to significantly increase their prices from time to time.
Freshbooks
Freshbooks is a cloud accounting software that helps small businesses manage their finances. Just like Quickbooks, it makes it easy for them to know how much money they have, track their expenses and generate reports on the go.
Freshbooks has been helpful to many small businesses since its release in 2003. It's easy to use, affordable, and has a lot of features, making it one of the best cloud accounting applications you can get for your business.
You will find that Freshbooks has many similar features to Quickbooks. Which can make comparisons equal out in some areas but be very apparent in others. For example, Quickbooks has a much larger range of business sizes they can support. Whereas Freshbooks is more ideal for those smaller entities.
Here are a few other pros and cons to help you differentiate the two.
Pros
Freshbooks has many similarities to Quickbooks but a few select features makes it stand out. These features are just a few reasons why we recommend the application to small business owners.
Offers a free trial period so that potential users can try out their product before subscribing to the service
Features are fairly simple and straightforward, perfect for small businesses
Reasonable pricing
Cons
The cons of using Freshbooks include:
Some have found the reports to be more complicated than those on other platforms
If your business is on the larger side, you may need more more advanced features that Freshbooks does not offer
You May Also Like:
How Realtors Are Enhancing Client Relationships With Bookkeeping
When deciding between Quickbooks versus Freshbooks, it just comes down to what you need in your accounting software. Quickbooks is versatile in that it can help even the largest of corporations. In comparison, If you’re a freelancer or you know you’re going to stay a sole proprietorship, Freshbooks is probably the way to go.
If you are interested in learning more about the differences between Quickbooks and Freshbooks to determine what is right for your business, consider scheduling a consultation. We have advanced experience and certifications in each.
