Accounting is one of the common needs of enterprises, small businesses, freelancers, and solopreneurs. To fulfill those requirements, all rely on software in this era as software automates admin tasks, minimizes errors, maintains an audit trail with minimal manual intervention, and gives an excellent return on the money.
FreshBooks emerges as a leading name among available accounting software, as it offers comprehensive accounting and bookkeeping functions at what most consider an affordable rate.
However, as with everything else, what suits one individual or company may not suit another. This is why it is essential to have options at one's disposal.
So, in this blog, we bring you the top 5 FreshBooks alternatives to consider befitting your business's conditions.
Quick Overview of 5 Best FreshBooks Alternatives
Below, we explore our top five alternatives to FreshBooks with an overview of each software, top three features, pros and cons, pricing, and more to help you pick the best alternatives to FreshBooks resolve your accounting needs.
- ZarMoney
- QuickBooks
- Wave
- Xero
- Zoho Books
1 - ZarMoney
ZarMoney is a sound FreshBooks alternative because of its comprehensive functions. ZarMoney is a cloud-based accounting software that helps you automate your accounting and financial processes, such as invoicing, billing, bank reconciliation, tax calculation, and more.
ZarMoney has a user-friendly interface and adjusts to specific business needs. It has features that enable you to manage your accounting and finances swiftly. Being a sole proprietor or a growing business, you can rely on this software to eliminate transaction errors, keeping your financial operations efficient and effective.
Features of ZarMoney
- Feature-rich Invoicing
- Multiple Bank Synchronization
- Account Reconciliation
- Recurring Invoices
- Automated Tax Calculation & Payment
- Automated Billing
- Dynamic Statements
- Financial Reporting
Top Three Features
1 - Bank Synchronization
ZarMoney offers in-app connections to more than 9,600 banks in the U.S. and Canada. With this option, you can connect your bank account to the software, automatically importing all your bank transactions quickly as and when they occur.
2 - Automated Tax Calculation & Payment
ZarMoney can automatically calculate your sales taxes and prepare your tax filing reports. Based on store location, you can assign a default tax zone to each client, and the software will calculate the sales tax on each translation automatically.
3- Accounts Reconciliation
Remove all errors and hassle from your accounts reconciliation process by automating it from end to end. ZarMoney performs automatic account reconciliation, so you no longer have to manually match and verify your transactions against your financial records.
Pros of ZarMoney
- Automates most accounting functions, removing lags and errors.
- Affordable with rich features.
- Scalable and flexible for your changing needs.
- Great customer service.
Cons of ZarMoney
-
No manual input option
Pricing of ZarMoney
ZarMoney has three pricing plans
- Entrepreneur: $15 / month / 1 user
- Small Business: $20 / month / 2 users
- Enterprise: $350 / month / 30+ users
- Free trial
Testimonials
Here are some testimonials from users of ZarMoney as a FreshBooks alternative:
Supported Platforms of ZarMoney
- Web
- Mac
- Windows
- Linux
- Chromebook
Customer Support
- Knowledge Base
- FAQs/Forum
- Phone Support
- Email/Help Desk
- Chat
- 24/7 (Live rep)
Final Verdict on ZarMoney
ZarMoney offers wide-ranging accounting functions as an alternatives to FreshBooks, making it a demanded and reliable solution for businesses of all sizes. This software can manage your bills, payments, supplies, warehouses, etc. Central online dashboard makes effortless for you to gain complete visibility into your operations.
2 - QuickBooks
QuickBooks is a viable FreshBooks alternative because of its flexibility. At the same time, it offers more or less the same functions as the latter. This accounting software markets itself as a tool for small business owners, and that's where its strengths lie. You can use it to manage your books, send invoices, track your expenses, and manage your payroll. You can also print checks, organize your receipts, and import your data from existing spreadsheets on Excel.
Features of QuickBooks
- Cloud Accounting
- Bank Feeds
- Automatic Billing
- Compliance Management
- Accounting Reports
- Expense Tracking
- Invoice Management
- Payroll Management
- Sales Tax Management
- Third-Party Integrations
Top Three Features
1 - Cloud Accounting
QuickBooks provides a cloud-based accounting solution, allowing you to access your financial records whenever needed. All your financial data is stored on a secured platform, organized in a database that is updated automatically, and syncs easily across multiple devices and platforms with which the software is compatible.
2 - Bank Feeds
QuickBooks connects to your bank account and syncs real-time transactions. As soon as a transaction occurs, whether incoming or outgoing, your dashboard reflects it within minutes. The channel is entirely secure and lets you gain visibility into your finances at a glance.
3 - Accounting Reports
QuickBooks lets you access your financial reports and statements with a single click. Your business performance includes sales, outstanding invoices, cash flow statements, balance sheets, and profit and loss statements. You can also customize the reports per your needs.
Pros of QuickBooks
- It is intuitive and easy to use.
- It easily categorizes purchases.
- It is customizable and also offers valuable add-ons.
Cons of QuickBooks
- The software updates frequently, and some customers have complained of bugs.
- Customer support can be slow to respond.
- It is expensive for a sole business owner.
Pricing of QuickBooks
- Simple Start: $30 / month
- Essentials: $60 / month
- Plus: $90 / month
- Advanced: $200 / month
Testimonials
Here are some reviews from customers of QuickBooks as a FreshBooks alternative:
Supported Platforms of QuickBooks
- Web
- Mac
- Windows
- Linux
- Chromebook
- iOS
- Android
Customer Support of QuickBooks
- Email/Help Desk
- Chat
- Phone Support
- 24/7 (Live rep)
- FAQs/Forum
- Knowledge Base
Final Verdict on QuickBooks
QuickBooks helps businesses perform various accounting functions efficiently. You can use this software as a FreshBooks alternative to do your books, send automatic invoices, get paid faster through online billing options, use bank feeds for manual documents, and keep accurate financial records.
3 - Wave
Wave is a bookkeeping and accounting tool that caters mainly to freelancers and small businesses. We recommend it as a FreshBooks alternative because of its flexible pricing plans - you can choose the features you want to use and only pay for them instead of buying the whole range of functions you will never use at an expensive rate.
Features of Wave
- Simplified Accounting
- Invoicing
- Payments
- Mobile receipts
- Payroll
- Advisors
Top Three Features
1 - Simplified Accounting
Wave uses double-entry accounting software and is an accountant-friendly tool. You can easily add your accountant to the dashboard and let them handle complicated bookkeeping and accounting procedures, including taxation.
2 - Invoicing
Wave's Invoicing feature stands out as a robust and user-friendly tool designed for businesses of all sizes making it a comprehensive alternatives to FreshBooks. This feature allows users to create professional, customizable invoices that reflect the brand's identity, ensuring a consistent and polished image for clients.
3 - Easy Invoice Tracking
Track all your invoices online through Wave. It helps you quickly discover the payments made against your open invoices. It also tells you when payments are due and their details. You can set notifications to be alerted as soon as an invoice is paid or passed the deadline.
Pros of Wave
- It offers free invoicing and accounting.
- It is easy to integrate your existing system with this app.
- There are no hidden costs.
Cons of Wave
- Its bookkeeping and accounting features are limited as compared to other tools.
- The bank connection feature can give an error message at times, leading to delays.
- The app can hang up sometimes.
Pricing of Wave
- Invoicing and Accounting: $0 / month (free)
- Credit card processing: 2.9% per transaction
- Mobile Receipts: $8 / month
- Payroll: $40 / month
- Advisors: $149 / month
Testimonials
Here are some reviews from customers of Wave as a FreshBooks alternative:
Supported Platforms of Wave
- Windows
- MacOS
- Android
- iOS
Customer Support of Wave
- FAQs/Forum
- Email/Help Desk
- Chat
- Knowledge Base
Final Verdict on Wave
Wave is a good alternatives to FreshBooks if you are looking for an app that comes for free while offering useful bookkeeping and accounting features. Granted, the app has fewer features than other options in the market, but it will come in handy for small business owners with defined accounting needs and it also doesn’t have hidden subscription charges.
4 - Xero
Xero is an accounting tool that offers several other functions to help businesses streamline their operations, making it a vast choice as a FreshBooks alternative. In comparison with FreshBooks, it is a more user-friendly tool. Xero is also quite affordable, especially considering its extended range of features, including accounting, inventory management, invoicing and billing, and more.
Features of Xero
-
Accounting dashboard
-
Pay bills
-
Claim expenses
-
Bank connections
-
Accept payments
-
Track projects
-
Pay runs
-
Bank reconciliation
-
Manage Xero contacts
-
Capture data
-
Online invoicing
-
Multi-currency transactions
-
Purchase orders
-
Quotes
-
Sales tax
-
Analytics and reporting
Top Three Features
1 - Accounting Dashboard
Using Xero, you get complete visibility into your finances. Its accounting dashboard overviews your bills, invoices, and bank balance. You can also customize the dashboard to display specific areas of your business.
2 - Multi-Currency Transactions
Xero makes it easy to do multi-currency accounting. You can efficiently conduct international business and get paid in more than 160 currencies without a hassle, as this app will convert currency at a single click, removing all irritants from the accounting process.
3 - Analytics
With Xero, you can check the health of your business at a glance through its Analytics feature. The dashboard gives you an overview of your short-term cash flow and overall performance, including profit and loss.
Pros of Xero
- User-friendly, no steep learning curve.
- Multi-currency capability at an affordable rate.
- Recurring transactions.
Cons of Xero
- You might have to enter data manually at times to prepare bank statements.
- The app does not offer access controls/permissions
- Switching from Xero to another software can be a complicated process.
Pricing of Xero
- Starter: $29 / month
- Standard: $46 / month
- Premium: $62 / month
- Free trial
Testimonials
Here are some reviews from customers of Xero as an alternatives to FreshBooks:
Supported Platforms of Xero
- Web
- Mac
- Windows
- Linux
- Android
- iOS
Customer Support of Xero
- Email/Help Desk
- Chat
- Knowledge Base
- FAQs/Forum
- 24/7 (Live rep)
Final Verdict on Xero
Xero offers businesses a streamlined alternatives to FreshBooks experience through its versatile features and affordable pricing plans. Since it is cloud-based and provides a mobile app, you can use it efficiently, no matter where you are, to get a quick overview of your accounts and finances. You can try it out for free using the trial before deciding if it is meant for you.
5 - Zoho Books
Zoho Books is an online accounting tool that enables businesses to streamline their workflow. Whether you run a small business or a large enterprise, this alternativs to FreshBooks accommodates you through its scalable functions. We recommend it as a FreshBooks alternative because of its extensive workflow automation capabilities.
Features of Zoho Books
- Comprehensive Accounting Tools
- Customizable Invoice Templates
- Account Reconciliation
- Customer Portal
- Expense Tracking
- Bills
- Banking
- Projects
- Inventory
- Sales Orders
- Purchase Orders
Top Three Features
1 - Account Reconciliation
Zoho Books automates the account reconciliation process. You can connect your bank accounts, whether one or more, to this app, and it will import your transaction details automatically. With a single click, you can reconcile your accounts. This removes the margin for errors and delays.
2 - Expense Tracking
Keep track of all your outlay on the visual dashboard Zoho Books offers. This feature makes tracking all your expenses, bills, and outstanding payments more accessible. You can use the financial insights provided to make better short and long-term business decisions.
3 - Client Portal
Zoho Books is one of the few accounting apps to offer a client portal. Using this function, you can increase customer satisfaction through effortless collaboration. Share transaction details, send estimates and invoices online, and speed up the approval process.
Pros of Zoho Books
- The configuration is quick and effortless.
- It offers the valuable feature of attaching receipts to expenses.
- It has good mobile compatibility.
Cons of Zoho Books
- It can be not easy to use for new users.
- Data extraction is a cumbersome process in this app.
- Customer support can be slow to respond .
Pricing of Zoho Books
- Free: $0 for one user
- Standard: $10 / month
- Professional: $20 / month
- Premium: $30 / month
- Elite: $100 / month
- Ultimate: $200 / month
Testimonials
Here are some reviews from customers of Zoho Books as a FreshBooks alternative:
Supported Platforms of Zoho Books
- Web
- Mac
- Windows
- iOS
- Android
Customer Support of Zoho Books
- Knowledge Base
- Chat
- Email/Help Desk
- FAQs/Forum
- Phone Support
Final Verdict on Zoho Books
Zoho Books accounting solution helps you to to track your cash flow. It also offers additional capabilities, including invoicing, expense tracking, and account reconciliation, that make it a comprehensive choice as an alternatives to FreshBooks. You can add your accountant to the dashboard as well and the free plan is the cherry on top.
Table Comparison - Top 5 FreshBooks Alternatives
|
ZarMoney |
QuickBooks |
Wave |
Xero |
Zoho Books |
||
|
1099 preparation |
✅ |
✅ |
❌ |
❌ |
❌ |
|
|
ACH Payment Processing |
✅ |
✅ |
✅ |
✅ |
✅ |
|
|
Access controls/ permissions |
✅ |
❌ |
✅ |
✅ |
❌ |
|
|
Account Reconciliation |
✅ |
✅ |
✅ |
❌ |
✅ |
|
|
Accounts payable & receivable |
✅ |
✅ |
✅ |
✅ |
✅ |
|
|
Audit trail |
✅ |
✅ |
❌ |
✅ |
✅ |
|
|
Budgeting/ forecasting |
✅ |
✅ |
✅ |
✅ |
❌ |
|
|
CPA firms |
✅ |
❌ |
✅ |
✅ |
❌ |
|
|
Check processing |
✅ |
✅ |
❌ |
✅ |
✅ |
|
|
Credit card processing |
✅ |
✅ |
✅ |
✅ |
✅ |
|
|
Customer Statements |
✅ |
✅ |
✅ |
✅ |
❌ |
|
|
Document Management |
✅ |
❌ |
❌ |
✅ |
❌ |
|
|
Duplicate Payment Alert |
✅ |
✅ |
❌ |
✅ |
❌ |
|
|
Financial Reporting |
✅ |
✅ |
✅ |
✅ |
❌ |
|
|
Mobile payments |
✅ |
✅ |
❌ |
✅ |
❌ |
|
|
Reporting/analytics |
✅ |
✅ |
❌ |
✅ |
✅ |
|
|
Third-party integrations |
✅ |
✅ |
✅ |
✅ |
✅ |
|
|
Customer Support on Phone |
✅ |
✅ |
❌ |
❌ |
✅ |
|
|
Free Trial |
✅ |
✅ |
✅ |
✅ |
✅ |
|
|
Pricing (Starting From) |
$15 |
$8 |
$0 |
$22 |
$0 |
The table indicates that among the top 5 FreshBooks alternatives, ZarMoney emerges as the superior choice. While other software options have commendable features, ZarMoney distinguishes itself as a prime FreshBooks alternative.
Best of Best - Top 3 FreshBooks Alternatives
1 - ZarMoney
At the apex of FreshBooks alternatives, ZarMoney offers a comprehensive and promising accounting solution tailored for various business scales. It provides key features like unlimited invoicing, impeccable expense management, and dynamic cash flow management. ZarMoney's cloud-based accounting software ensures smooth operations irrespective of your business's size, offering you the flexibility and scalability crucial for your accounting tasks.
2 - QuickBooks Online
A name synonymous with online accounting, QuickBooks Online comes with features like easy online payments, customizable invoices, and detailed financial health insights. As a popular accounting software, it is worth standing out as a FreshBooks alternative; its bank reconciliation feature and vendor management system make it a reliable option. Its user experience ensure businesses have the tools to manage their financial statements and maintain an optimal financial reporting process.
3 - Wave
A gem for freelancers and small businesses, Wave offers many accounting tools without the hefty price tag. Its bank transactions syncing, invoice management, and credit card processing capabilities make it a versatile choice for those on a budget. As a FreshBooks alternative for freelancers, its free plan, which includes features like income tracking and client communication, makes it a go-to solution. Also, It has an ideal interface for users.
Conclusion
Before you decide, we suggest you compare each tool on our list and weigh their functions against your needs. Then try them out – using the free trial or plan–before using it.
As we sign off, we recommend you consider ZarMoney as the stepping stone of your exploration journey. This tool can be your best FreshBooks alternative with its flexibility and user-friendliness. Use the free trial to find out today.
Frequently Asked Questions (FAQs)
Q1. What is the best FreshBooks alternative overall?
ZarMoney is the best accounting software we recommend for FreshBooks alternative. That's because the app is flexible, scalable and affordable. It can cater to the accounting needs of several end users, including small business owners, enterprises, freelancers, and solopreneurs. It offers various pricing plans, which you can choose depending on the width of your needs.
Q2. What is the most suitable FreshBooks alternative for enterprises?
Xero is a good option for enterprises. It offers wide-ranging features that help you manage several ends of your operations, including accounting, invoicing, billing, inventory, vendor management, and more.
Q3. What is the most suitable FreshBooks alternative for freelancers?
Wave Accounting is the tool we recommend to freelancers as it offers useful features at an affordable rate – for free. Since freelancers will have limited accounting needs, which this app's free plan can easily cater to, it is an option worth exploring.
Q4. Which FreshBooks alternative is most user-friendly for beginners?
Zoho Books offers an intuitive interface and easy-to-understand tools for those new to accounting software, making it a top choice as a FreshBooks alternative for beginners.
Q5. Are there any free FreshBooks alternatives available?
Yes, Wave Accounting is a free FreshBooks alternative, catering primarily to freelancers and small businesses with its no-cost accounting tools.
Q6. What's the best FreshBooks alternative for those prioritizing inventory management?
Xero offers extensive inventory management features, making it an excellent FreshBooks alternative for businesses focused on stock and sales.
Q7. Which FreshBooks alternative offers the most flexibility for diverse business types?
ZarMoney is the go-to choice for those seeking versatility. As a FreshBooks alternative, it's tailored to meet freelancers, small businesses, and large enterprises' unique needs.
Q8. Is there a FreshBooks alternative that excels in multi-currency operations?
Yes, Xero is known for its multi-currency solid capabilities, assisting businesses with global operations, thereby standing out as a FreshBooks alternative for this feature.
Q9. Which FreshBooks alternative is best suited for nonprofits?
ZarMoney, with its scalable and affordable plans, is a good fit for nonprofits, ensuring they can manage their funds without draining their resources.
Q10. How do the reporting features of FreshBooks alternatives measure up?
Wave Accounting offers comprehensive reporting tools at no cost, setting it apart as a FreshBooks alternative for those prioritizing in-depth financial insights.
