6 Best Freshbooks Alternative For Freelancers

Freshbooks stands out as a prominent cloud accounting solution, developed for freelancers and small business owners. However, it's clear that one size doesn't fit all, especially in the diverse freelancing sector. Each professional has distinct demands and preferences, driving the need for varied tools that resonate more closely with their individual business goals.

This guide digs into six compelling alternatives to Freshbooks, each handpicked for freelancers seeking a different set of features, pricing, or user experience. From the intricate details of their functionalities to the pros and cons that define them, this article aims to equip you with all the information necessary to make an informed choice that aligns perfectly with your freelance journey.

Table of Contents

1. ZarMoney
2. Indy
3. Wave
4. Zoho Books
5. Xero
6. QuickBooks Online

1- ZarMoney 

Overview of ZarMoney

ZarMoney emerges as a compelling alternative to FreshBooks, specifically catering to the unique needs of freelancers. Positioned as a comprehensive cloud-based accounting solution, it is developed by a team with deep expertise in finance and technology, ensuring a product that resonates with the practical needs of its users. The platform offers an extensive suite of features, including the provision of unlimited invoicing – a significant boon for freelancers who manage numerous clients and projects. Additionally, its time tracking capabilities are designed to be precise and user-friendly, facilitating accurate billing and project management.

Key Features of ZarMoney

• Accounting
• Bookkeeping
• Accounts Receivable
• Invoicing
• Billing
• Payment Processing
• Invoice & Estimate
• Order Management
• Inventory Management

Top 3 Features of ZarMoney 

Here are the top three features that ZarMoney is particularly known for:

1. Invoicing: 

ZarMoney is recognized for its strong invoicing capabilities. It allows for the creation of detailed and customized invoices, smooth-running the billing process. The platform's invoicing feature is designed to be intuitive and efficient, enabling businesses to quickly generate accurate invoices, manage recurring billing, and track payments, all of which are essential for maintaining healthy cash flow.

2. Inventory Management: 

Inventory management is another standout feature of ZarMoney. The platform offers comprehensive tools for tracking inventory levels, managing stock across multiple locations, and automating order processes. These features are integral for retail and wholesale businesses, as they help in maintaining optimal stock levels, reducing the risk of overstocking or stockouts, and ensuring that the inventory data is always up-to-date and accurate.

3. Payment Processing: 

ZarMoney's payment processing feature is highly valued for its ability to facilitate smooth and secure transactions. The platform supports multiple payment methods and integrates with various payment gateways, making it convenient for businesses to accept payments from customers. This feature is important for increasing the customer payment experience, ensuring timely receipts, and improving the overall financial management of the business

Pros of ZarMoney

• Customizable and branded invoices enhance the professional image of the Business.
• Cloud-based system offering real-time updates and 24/7 access to financials.
• Smooth bank integration for real-time tracking of expenses and income.
• Project management tools integrated with accounting features.

Cons of ZarMoney

• It might have a steep learning curve for those new to accounting software.

Pricing of ZarMoney

• Entrepreneur: $15 Per Month 
• Small Business: $20 Per Month
• Enterprise: Starts from $350 Per Month

Integration

ZarMoney integrates with a variety of business management tools, enhancing its functionality and user experience. Here are some of the integrations mentioned:

• Shopify
• Stripe
• Zapier
• Gusto
• Mailchimp

Rating

The overall ZarMoney rating on Software advice is 4.7 out of 5 that shows how helpful it is for the businesses.

Testimonials

Customer Support of ZarMoney

There is a comprehensive support center on ZarMoney, and it is really full of useful questions and answers. Additionally, you can contact the support team by phone at (855) 927-6663 or by email.

Product Screenshots

Available App List

ZarMoney does not provide a specific list of available apps.

Bottom line

ZarMoney is a feature-rich accounting software developed for growing retail businesses. With its automated invoicing, advanced inventory management, and optimized online buying features, it offers a comprehensive solution for businesses looking to smoothly run their accounting processes. While the platform boasts a range of benefits, potential users should seek detailed pricing and integration information directly from ZarMoney and consider real-user reviews to make an informed decision 

2- Indy 

Overview of Indy

Best for freelancers and self-employed professionals, Indy is a cloud-based accounting software that stands out as a formidable Freshbooks alternative. It offers a multifaceted suite of tools designed to simplify client interactions, proposal development, contract management, and invoicing processes. Recognizing the diverse needs of freelancers, Indy provides a user-friendly interface coupled with a range of features to smooth-run daily tasks, ensuring that freelancers can focus on delivering quality work while efficiently managing administrative duties. With its commitment to optimizing the freelance experience, Indy stands as an essential tool for freelancers aiming to thrive in a dynamic and competitive environment.

Key Features of Indy

These are no of features that Indy has

• Proposals
• Contracts
• Invoices
• Project Portals
• Forms
• Files
• Tasks
• Calendar
• Time Tracker

Top 3 Features of Indy 

1. Proposals: 

Indy's proposal tool stands out by enabling freelancers to create professional and compelling proposals quickly. It ensures that pitches are not only visually appealing but also structured to convert leads into clients effectively.

2. Contracts:

 With Indy, contract management is simplified. Freelancers can generate, send, and manage contracts within the platform, ensuring that agreements are secure and accessible.

3. Invoicing:

The invoicing features smooth-run billing and payment processes. It allows freelancers to create, send, and manage invoices, ensuring timely payments and proper financial tracking.

Pros of Indy

• Freelancer-centric platform offering a suite of tools customized specifically for the self-employed.
• Intuitive interfaces ensure that even those new to accounting software can easily navigate.
• Custom workflows automate many manual tasks, optimizing productivity.

Cons of Indy

• It may not be as strong as accounting solutions customized for larger businesses.
• Additional advanced features may come at an extra cost.

Pricing of Indy

• Basic Tools: Free
• Pro Bundle: $9 monthly
• Free trial: Available

Integration

Indy integrates with:

• Zapier
• Mailchimp
• Xero
• QuickBooks Online
• Gmail
• Slack
• Microsoft Outlook
• Google Drive

Rating

Indy has been given 4.7 stars out of 5 by its patrons according to Software advice.

Customer Support of Indy

• Email/Help Desk
• FAQs/Forum
• Knowledge Base
• Chat

Product Screenshot

Testimonials

Available App List

At the moment, Indy is available on desktop and laptop web browsers or can be accessed from your phone's web browser (mobile-web). Mobile-web is currently in beta and we are working to bring all of Indy's tools and features to mobile.

Bottom line

Indy, with its specialized focus on freelancers, rises as an attractive FreshBooks alternative for those in the freelance world. Its intuitive interface and features make it a popular choice for self-employed individuals, especially those new to online invoicing and financial management. The platform's commitment to making freelancing simpler, from proposal creation to financial tracking, speaks volumes about its understanding of the unique challenges freelancers face. While it offers a range of features, users should consider their specific needs and review the platform to ensure it aligns with their business requirements.

3- Wave

Overview of Wave

Wave stands tall as a go-to option for freelancers and small business owners. Positioned as a strong Freshbooks alternative for freelancers. Wave Financial offers a comprehensive solution customized specifically for small businesses and freelancers, aiming to simplify financial management. It's a user-friendly platform that integrates various financial tools, making accounting, invoicing, payments, banking, and payroll tasks more manageable. Wave stands out for its strong double-entry accounting system, ensuring accuracy and reliability in financial reporting. The platform promotes a user-centric approach, empowering users to maintain a clear view of their business health and make informed decisions.

Key Features of Wave

• Invoicing
• Payments
• Accounting
• Mobile Receipts 
• Payroll
• Advisors

Top 3 Features of Wave 

1. Accounting: 

Wave's accounting feature is known for its powerful double-entry accounting system, providing accurate financial reporting and compliance with accounting standards. It allows for easy monitoring of transactions, expense tracking, attaching receipts to transactions, and generating detailed reports. This feature is a backbone for businesses to maintain a clear view of their financial health.

2. Invoicing: 

The invoicing feature in Wave allows users to create custom, professional invoices effortlessly. It supports automated reminders to ensure prompt payment and gives clients the option to pay via credit card, contributing to a smooth-run billing process and improved cash flow management.

3. Payments: 

Wave's payments feature facilitates faster payment processing by accepting credit cards and depositing money directly into bank accounts. It enhances the convenience for both the business owners and their customers, ensuring that transactions are completed smoothly and efficiently.

Pros of Wave

• A comprehensive suite of accounting tools is available at an affordable rate, making it an excellent FreshBooks alternative for freelancers.
• Smooth bank integration ensures all transactions are captured, leaving no room for discrepancies.

Cons of Wave

• While strong for freelancers and small businesses, it might only cater partially to larger enterprises' needs.
• Some advanced features come at an additional cost, which users should be wary of.

Pricing of Wave

• Invoicing and Accounting: Free
• Payroll: $40
• Mobile receipts: $8
• Bookkeeping support: $149

Integration

Wave can integrate with:

• Zapier
• Slack
• Google Sheets
• Shopify
• Mailchimp
• HubSpot
• Square
• PayPal

Rating

Testimonials

Customer Support of Wave

• FAQs/Forum
• Email/Help Desk
• Chat
• Knowledge Base

Product Screenshots

Available App List

Wave offers mobile apps for iOS and Android, allowing users to manage invoices, payments, and receipts on-the-go. The apps extend the functionality of the web-based platform, ensuring users can handle their financial tasks anytime, anywhere.

Bottom line

Wave is more than just Freshbooks' alternative for freelancers; it's a holistic financial management solution customized for freelancers and small business owners. Wave stands as a reliable, user-friendly platform customized for small businesses and freelancers. It offers an array of essential financial management tools, most notably its double-entry accounting and automated invoicing system, for free. While it may lack some advanced features of paid software, its straightforward design, strong security, and valuable free offerings make it an excellent choice for those seeking a comprehensive, cost-effective financial solution.

4- Zoho Books 

Overview of Zoho Books

With features that parallel giants like FreshBooks, Zoho Books emerges as a compelling Freshbooks alternative for freelancers, small businesses, and even larger organizations. Zoho Books is a versatile online accounting software designed for businesses to manage their finances, automate workflows, and foster collaboration across departments. It's a comprehensive platform that streamlines accounting tasks and transaction organization. Zoho Books differentiates itself with a user-friendly interface and a multitude of features catering to various business needs, from basic invoicing to complex financial management.

Key Features of Zoho Books

These are some of the Zoho Books features

• Invoicing
• Customer Portal
• Vendor Portal
• Projects
• Quotes
• Expenses
• Bills
• Banking
• Inventory
• Purchase Orders
• Online payments
• Sales Orders
• Documents
• Automation
• Reporting
• Mobile Accounting

Top 3 Features of Zoho Books

1. Invoicing: 

Zoho Books offers a sophisticated invoicing system that allows businesses to create and send professional invoices, automate payment reminders, and receive payments online. This feature simplifies the billing process and ensures businesses can track their income efficiently.

2. Inventory Management: 

With Zoho Books, businesses can effectively manage their inventory. The software allows for tracking of stock levels, orders, and sales, and provides detailed insights into inventory flow. This is crucial for businesses that need to maintain optimal inventory levels and avoid stock outs or overstocking.

3. Time Tracking and Project Billing: 

Zoho Books integrates time tracking with invoicing, enabling businesses to bill clients accurately for project-based work. This feature allows for tracking billable hours, associating them with projects, and including them directly in invoices, ensuring that businesses are compensated for all their work.

Pros of Zoho Books

• Cloud-Based Accounting 
• Affordable Pricing
• Comprehensive features

Cons of Zoho Books

• While it is scalable, some advanced features come at an extra cost in higher pricing plans.
• The steep learning curve for those without an accounting background.

Pricing of Zoho Books

• Standard: $10
• Professional: $20
• Premium: $30
• Elite: $100
• Ultimate: $200

Integration

The integrations for Zoho Books include a range of business applications and services to enhance its functionality. Here are the integrations listed:

• Uber for Business
• G Suite
• Zoho CRM
• Stripe
• PayPal
• CSG Forte
• Zoho Analytics
• Square

Rating

Customer Support of Zoho Books

• Knowledge Base
• Chat
• Email/Help Desk
• FAQs/Forum
• Phone Support

Testimonials

Product Screenshots

Available App List

Zoho Books provides mobile apps for iOS and Android, allowing users to manage their finances conveniently from their mobile devices.

Bottom line

For those in search of a FreshBooks alternative or an alternative for other popular accounting tools, Zoho Books makes a compelling argument.With its wide range of features, extensive integration capabilities, and strong customer support, Zoho Books caters to various business needs, ensuring efficient financial management. The platform's few limitations are counterbalanced by its strengths in customization, user engagement, and mobile accessibility, making it a competitive choice in the accounting software market. 

5 - Xero 

Overview of Xero

Xero stands out with an array of features that make Xero a formidable contender against stalwarts like FreshBooks. Xero stands out as a comprehensive and user-friendly accounting solution, particularly favorable for small to medium-sized businesses seeking extensive features and app integrations. While it's more affordable than some competitors and offers scalability with unlimited users, the lack of a free plan and limited phone support might be drawbacks for some users. Nevertheless, its strong user satisfaction scores and mobile capabilities make Xero a strong contender in the market.

Key Features of Xero

The list of features includes:

• Pay bills
• Claim expenses
• Bank connections
• Accept payments
• Track projects
• Payroll with Gusto
• Bank reconciliation
• Manage Xero contacts
• Capture data
• Files
• Reporting
• Inventory
• Online invoicing
• Multi-currency accounting
• Purchase orders
• Quotes
• Sales tax
• Analytics
• Accounting dashboard
• Manage fixed assets
• Integrate apps
• Xero Accounting app

Top 3 Features of Xero 

Out of all features, the top three that Xero is particularly known for are:

1. Bank Connections: 

This feature allows for smooth integration of bank data into Xero from over 21,000 financial institutions globally. Users benefit significantly from bank feeds and automated reconciliation, reportedly saving an average of 5.5 hours a week. This feature is essential for maintaining accurate and up-to-date financial records, and it simplifies the tedious task of reconciling bank statements with book entries​​.

2. Online Invoicing:

Xero's online invoicing feature optimizes the invoicing process. It enables users to send invoices, set up automated reminders, and manage invoice administration efficiently. This feature is user-friendly and can be accessed from both desktop and mobile devices, providing flexibility and ease for small businesses. It's designed to save time and improve cash flow by making it easier to manage sales and get paid quicker​​.

3. Accept Payments:

The accept payments feature increases the customer experience by providing various payment options. Businesses can accept online payments by credit card, debit card, or direct debit straight from their Xero invoice. This not only increases the likelihood of getting paid on time but also reduces the time spent chasing payments. It's a crucial feature for improving cash flow and customer satisfaction

Pros of Xero

• Xero provides an all-encompassing cloud-based accounting platform with user-friendly interfaces, perfect for novice and seasoned users.
• Xero offers a holistic accounting platform, from basic bookkeeping to advanced accounting tools.
• Effortless bank integration ensures smooth financial workflows.

Cons of Xero

• While it offers a wide range of features, there may be a steep learning curve for those new to accounting software.
• Some advanced tools might come at an additional cost in premium pricing tiers.

Pricing of Xero

• Starter: $29

• Standard: $46

• Premium: $62

Integration

Here are some notable integrations:

• Hubdoc
• Gusto Payroll
• Stripe
• Shopify
• Square
• PayPal
• WorkflowMax
• Receipt Bank
• Spotlight Reporting

Rating

Customer Support of Xero

• Email/Help Desk
• Chat
• Knowledge Base
• FAQs/Forum
• 24/7 (Live rep)

Testimonials

Product Screenshot

Available App List

Xero's mobile app is available on iOS and Android, offering comprehensive financial management tools on-the-go.

Bottom line

For those scouting for a strong Freshbooks alternative for freelancers, Xero undoubtedly cuts. Its exhaustive suite, from invoicing to financial management, guarantees that businesses, freelancers, and agencies are always in control of their finances.While it's more affordable than some competitors and offers scalability with unlimited users, the lack of a free plan and limited phone support might be drawbacks for some users. Nevertheless, its strong user satisfaction scores and robust mobile capabilities make Xero a strong contender in the market.

6 - QuickBooks Online

Overview of QuickBooks Online

QuickBooks Online is a cloud-based accounting software designed to assist small business owners in managing their bookkeeping and accounting tasks efficiently. It is one of the good Freshbooks alternatives. With its accessibility from any device with internet access, QuickBooks Online offers a flexible and comprehensive solution for businesses looking to automate and streamline their financial processes without committing to a long-term contract. The platform provides a range of features across its different pricing plans, catering to the varying needs of businesses from sole proprietorships to small and midsize enterprises

Key Features of QuickBooks Online

• Invoice
• Track expenses
• Manage bills
• Get tax deductions
• Run reports
• Track miles
• Manage projects
• Calculate sales tax
• Manage e-commerce
• Get paid and pay bills
• Manage banking
• Get a loan

Top 3 Features of QuickBooks Online 

the top 3 features QuickBooks Online is known for include:

1. Invoicing: 

QuickBooks Online provides a comprehensive invoicing system, allowing businesses to create, customize, and send invoices directly to clients. This system integrates with payment processing, so businesses can accept payments online and automate invoice reminders, helping to streamline the accounts receivable process.

2. Expense Tracking: 

The platform offers robust expense tracking capabilities. Users can connect their bank accounts and credit cards to automatically import and categorize transactions, helping to keep track of spending and making it easier to manage finances. This feature is particularly useful during tax season, as it simplifies the process of identifying deductible business expenses.

3. Reporting: 

QuickBooks Online provides a variety of customizable reports that give businesses insights into their financial health. These reports include profit and loss statements, balance sheets, and cash flow statements. Users can run these reports at any time to get up-to-date information, aiding in strategic decision-making and financial planning

Pros of QuickBooks Online

• Comprehensive cloud-based accounting platform with features catering to both basic and advanced accounting needs.
• Its user-friendly interface and intuitive design make it accessible to beginners and seasoned users.
• The software's versatility makes it a prime option for freelancers, agency owners, and medium businesses.
• Its integrated bank connections facilitate smooth financial workflows.

Cons of QuickBooks Online

• Some users might find a steep learning curve initially, especially those unfamiliar with accounting software.
• Advanced features or tools might come at an extra cost in the more premium subscription plans.

Pricing of QuickBooks Online

QuickBooks Online offers four subscription plans:

• Simple Start: $15/month - Basic functionalities for sole proprietorships or very small businesses.
• Essentials: $30/month - More advanced features, including bill and time tracking.
• Plus: $45/month - Adds inventory management and tracking profit by project.
• Advanced: $100/month - For up to 25 users, offering premium functionalities and integrations.

Discounts and a 30-day free trial are available, with terms varying based on current promotions.

Integration

QuickBooks Online integrates with over 650 popular business apps, including:

• PandaDoc
• Stripe
• Square
• PayPal
• Amazon Business Purchases
• Method: CRM
• Gusto

Rating

Customer Support of QuickBooks Online

• Chat
• Knowledge Base
• 24/7 (Live rep)
• FAQs/Forum
• Email/Help Desk
• Phone Support

Testimonials

Product Screenshots

Available App List

QuickBooks Online provides a mobile companion app compatible with iOS and Android devices, ensuring users can manage their financial tasks on the go

Bottom line

QuickBooks Online is undoubtedly a strong option as a Freshbooks alternative for freelancers. QuickBooks Online stands as a powerful solution for small businesses seeking comprehensive financial management capabilities. With a range of features, multiple integration options, and plans catering to various business sizes, it offers a flexible and scalable solution. However, potential users should consider the cost and the learning curve associated with its extensive functionalities.

Table Comparison

Best of the Best - Top 3 Freshbooks Alternatives for Freelancers

1- ZarMoney

ZarMoney shines brightly at the top of the list as a Freshbooks alternative for freelancers for many reasons. Primarily, as a strong accounting solution, it effortlessly blends features like invoicing, expense tracking, and financial reporting into a cloud-based accounting software. This makes it a preferred Freshbooks alternative for freelancers. 

The intuitive interfaces are designed to enhance the user experience, simplifying the accounting process and tasks for self-employed professionals. 

2- Indy

Indy presents itself as an all-encompassing Freshbooks alternative for freelancers, offering not just invoicing but also tools for crafting professional proposals and binding contracts. It acts as both an invoicing tool and a collaboration hub, ideal for self-employed individuals looking for software that can multitask. 

With its project management features, Indy allows freelancers to track time and progress effortlessly. Its online invoicing capability, combined with collaboration tools, makes it a preferred option for freelancers who juggle multiple projects and clients. 

3- Wave 

Wave Accounting is another formidable Freshbooks alternative that appeals to freelancers due to its holistic approach to financial management. This software not only offers professional invoices but also caters to expense tracking, income tracking, and tax preparation. 

The ability to accept online payments, combined with its bank connections, ensures smooth payment processes for freelancers. Its cloud-based platform provides unlimited access to key features, assisting balance sheet management and offering insights into a business's financial health. 

Conclusion

From online invoicing to expense tracking, ZarMoney emerges as a leader with its user-friendly experience and strong accounting solutions. customized for self-employed professionals and larger businesses, this cloud-based accounting software smoothly integrates key features like easy invoices, professional-looking invoices, and an intuitive interface for effortless financial management. 

So, if you want to elevate your business accounting and gain an edge with advanced tools, it's time to make the switch. Try ZarMoney, the professional's choice for online accounting software. 

Frequently Asked Questions (FAQs)

1- Why would I need a Freshbooks alternative for freelancers?

While Freshbooks offers comprehensive invoicing and accounting features, some freelancers might seek alternatives that better align with their specific needs or budget. A Freshbooks alternative might offer different features, pricing plans, or a more intuitive interface customized for self-employed professionals.

2- What makes ZarMoney a preferred Freshbooks alternative?

ZarMoney stands out due to its strong accounting tools, easy invoicing, and user-friendly interface. It provides a comprehensive cloud-based accounting software solution, making it suitable for novice freelancers and those with an advanced understanding of business accounting.

3- Do these Freshbooks alternatives support online payments?

Yes, platforms like ZarMoney and Wave Accounting offer online payment options, enabling freelancers to accept payments via credit card payment links and online credit card payments, optimizing the payment process, and improving cash flow management.

4- Are there any affordable plans with these Freshbooks alternatives?

Absolutely! Each software, including ZarMoney, offers a variety of pricing tiers designed to fit different budgets. Freelancers can choose plans based on their requirements, ensuring they get value for their money without compromising key accounting features.

5- How secure are these Freshbooks alternatives for freelancers?

Security is paramount for these accounting platforms. They employ advanced encryption and security protocols to ensure that all financial data, bank integrations, and transactions are kept safe from unauthorized access.

6- Do these alternatives offer customizable invoices like Freshbooks?

Yes, many Freshbooks alternatives, including ZarMoney, offer customizable invoices. Freelancers can use branded invoices, invoice templates, and professional invoices to give a personalized touch to their client communication.

7- Can I manage expenses and track time with these Freshbooks alternatives?

Certainly, features like expense tracking and time tracking are often integral to these platforms, helping freelancers manage their projects, track expenses, and bill clients accurately based on hourly rates or project estimates.

8- Is there a steep learning curve when transitioning from Freshbooks?

While each software has its unique interface and features, most Freshbooks alternatives, including ZarMoney, prioritize user experience. They offer intuitive interfaces, detailed knowledge bases, and customer service to assist users in the transition.

9- Is ZarMoney's user experience suitable for freelancers new to accounting software?

Absolutely! ZarMoney offers an intuitive interface for seasoned business owners and freelancers new to the accounting world. With its comprehensive knowledge base and dedicated customer service, even those without an accounting background can navigate the platform with ease.

10- How does ZarMoney differentiate itself from Freshbooks for freelancers?

ZarMoney offers a unique combination of easy invoicing, advanced accounting tools, and an intuitive user experience customized for self-employed professionals. Its strong accounting solution, paired with customizable invoicing features and competitive pricing tiers, makes it an attractive option for freelancers seeking a comprehensive Freshbooks alternative.