You might wonder whether you should you go for Quickbooks? Or Freshbooks? Is Freshbooks more reliable to use? Or Quickbooks?
Before finalising to either Quickbooks or Freshbooks you should understand that both Freshbooks and Quickbooks work have different functionalities, and direct comparison between these two software could be tricky.
So, here are some facts about this two accounting software:
Quickbooks
QuickBooks is an accounting software package developed and marketed by Intuit.
Its more popular amongst small-sized businesses and offers both on-premises and cloud based accounting application versions that enables its users to accept online business payments, manage and pay bills along with payroll management features.
Quickbook is available for a Hybrid deployment as well.
Freshbooks
FreshBooks is an accounting software by 2ndSite Inc.
Primarily optimised for small and medium-sized businesses. Freebooks runs on a web-based software as a service (SaaS) model, that can be accessed through a desktop or mobile device. FreshBooks offers a subscription-based product that includes invoicing, accounts payable, expense tracking, time tracking, retainers, fixed asset depreciation, purchase orders, payroll integrations, double-entry accounting, and industry-standard business and management reporting.
Now let's compare the features of both the platform and see which one is better to use.
Accounting
- QuickBooks makes keeping track of your accounting easy. Features like double-entry accounting keep your sheets balanced and help organize cash flow.
- FreshBooks doesn’t provide accounting in the form of fully automated balance sheets and the like, but if you want to put in some work, you can enter your own data to fill out balance sheets.
Expense Tracking
- QuickBooks supports both debits and credits, keeping you apprised of profit margins at every step. This may take some more manual entry on your part because QuickBooks is designed to show line-items rather than some of the more nuanced breakdowns.
- FreshBooks mostly focuses on invoicing and payment collection, so you may have to purchase or connect to another accounting system. It does offer special expense features like receipt tracking, project time tracking, and sales tax management.
Invoicing
- FreshBooks includes customizable invoice design and a click-to-pay button for online invoices. The invoices pull data directly from the timekeeping feature, as long as you mark your hours as “billable.” Automations include recurring invoices and automatic invoicing of billable hours, as well as follow-up emails for overdue payments.
- The invoice builder in QuickBooks contains a lot of customization features so you have control over the design of your invoices before you send them to clients. Include a click-to-pay button on your invoice to let your clients pay directly from the invoice, and set reminders and recurring payments directly from the platform.
Pricing
- FreshBooks subscription plans starts from $4.5 per month for 5 billable clients and ranges upto $15 per month for 500 billable clients, user can also customize pricing for more than 500 clients.
- Quickbooks offers 50% off for 3 months, you can get started with it for $7.23 per month.
And off-couserse like 5000+ more softwares you can access free trials for both QuickBooks & FreshBooks here at AnyTechTrial.Com
In our general overview we would say QuickBooks works best for companies that sell products and require a scalable, fully-fledged accounting software while FreshBooks works best for service-based businesses and for freelancers and solopreneurs that need a way to track expenses and revenue for simple reports. FreshBooks tracks invoicing for small businesses and freelancers, whereas QuickBooks provides actual accounting software used by businesses of all sizes.
