Table of Contents
When deciding between FreshBooks and QuickBooks Online, the size of your business, both now and in the future, is an important factor to consider. Freelancers and independent contractors may be able to access all of the fundamental accounting services that they require with FreshBooks, and the cost of using FreshBooks is far lower than that of QuickBooks Online.
However, QuickBooks Online goes beyond the capabilities of traditional accounting software by offering hundreds of app integrations, customisable reports, and precise inventory monitoring in higher-tier plans. In addition to this, it is simple to scale and straightforward to share with your accountant, all of which are aspects that you would anticipate to find in the very finest accounting software for small businesses.
Quickbooks vs Freshbooks Comparison Table
Criteria | QuickBooks | FreshBooks |
---|---|---|
Target Users | Small to large businesses | Freelancers and small businesses |
Accounting Features | Robust, with more complex accounting features | Simpler, with basic accounting features |
Price | Starts at $15/month | Starts at $4.50/month |
Integrations | Wide range of integrations with other business software | Limited integrations with other software |
Quickbooks vs Freshbooks: At a Glance
Intuit QuickBooks has been a popular accounting tool for a long time. It’s loved by a lot of small business owners because it has a lot of features and can work with almost anything. It has been used for decades to help businesses of all kinds keep all of their accounting straight and right.
FreshBooks, on the other hand, hasn’t been as famous in the past because it focuses on businesses that are much smaller. Many people like the software because it is easy to use and has a simple layout. It’s great for freelancers and small businesses that don’t need all of QuickBooks’ bells and whistles. It’s also better if all you need is the ability to send invoices. You can download this app from its official website
Quickbooks vs Freshbooks: Time tracking
FreshBooks makes it easy and simple to track time, and it comes with all plans. You can track your time by logging in online, using the smartphone app, a browser extension, or a third-party app like Asana. You can also track time by job and bill for the hours you’ve logged. QuickBooks Time lets you track time, but you have to pay extra for it. And to enter billing time, you need to sign up for the Essentials ($55 per month) plan or higher.
Quickbooks vs Freshbooks: Invoicing
The invoice feature of FreshBooks has a billing screen with two tabs: “from me” and “to me.” This makes it easy for you to receive or send money. The first one lets you make unique invoices, send out reminders to pay, and accept payments by credit card. The second one shows a bunch of slides below the accounts that are past due, so you can quickly see which payments have been made.
In terms of how invoices are set up, FreshBooks’s sample mode has just the basics. You can change the fonts, colors, and logos, but if you want more options, you have to buy the premium version. FreshBooks pulls information straight from timekeeping to make bills for the hours you marked as billable. QuickBooks, on the other hand, lets you make a more detailed invoice where you can include the payment method, the address of the customer, and even the payment terms.
WHICH IS BETTER?
QuickBooks and FreshBooks are both well-known accounting software programs. Each has its own strengths and features that make it stand out. QuickBooks is a more robust option for small to large businesses with more complex accounting needs, while FreshBooks is a simpler platform for freelancers, solopreneurs, and smaller businesses with less complex needs.
In short, QuickBooks may be a better choice if you have a bigger business or more complicated financial needs. FreshBooks might be a better choice if you are a freelancer or run a small business with simple bookkeeping needs. In the end, the best choice for you will depend on the wants and preferences of your business.
Quickbooks: THE GOOD AND THE BAD
The Good
- Many business software integrations
- Advanced inventory tracking
The Bad
- Limited customer service
Freshbooks: THE GOOD AND THE BAD
The Good
- Tracks time and invoices
- Allows online payments
The Bad
- Few business software integrations
FAQS
Both FreshBooks and QuickBooks have ways to take payments, like credit card payments, PayPal payments, and ACH payments. If you let people pay you through Stripe, you can also use interfaces. See the table below for a quick look at how much each payment handling service costs.
If you don’t keep track, you might end up with duplicate bills and payments. QuickBooks is also missing some important tools that are necessary for businesses that have more than one entity. For instance, it is not able to make consolidated financial records.