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.
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 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.
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.
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.
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.
No manual input option
ZarMoney has three pricing plans
Here are some testimonials from users of ZarMoney as a FreshBooks alternative:
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.
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.
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.
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.
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.
Here are some reviews from customers of QuickBooks as a FreshBooks alternative:
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.
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.
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.
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.
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.
Here are some reviews from customers of Wave as a FreshBooks alternative:
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.
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.
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
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.
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.
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.
Here are some reviews from customers of Xero as an alternatives to FreshBooks:
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.
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.
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.
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.
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.
Here are some reviews from customers of Zoho Books as a FreshBooks alternative:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Yes, Wave Accounting is a free FreshBooks alternative, catering primarily to freelancers and small businesses with its no-cost accounting tools.
Xero offers extensive inventory management features, making it an excellent FreshBooks alternative for businesses focused on stock and sales.
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.
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.
ZarMoney, with its scalable and affordable plans, is a good fit for nonprofits, ensuring they can manage their funds without draining their resources.
Wave Accounting offers comprehensive reporting tools at no cost, setting it apart as a FreshBooks alternative for those prioritizing in-depth financial insights.