Starting a business and taking care of financial management is an uphill task. Most importantly, when you have a busy schedule or have the least time because of other business-related tasks. The situation indicates that you’re in a dire strait.
Do you know, account management software works best in such situations? You can easily track your income, expenses, tax-related info, and so on through one software. Also, you can automate many tasks, which means you can breathe a sigh of relief.
There are hundreds of software you can find online but finding the best one according to your work and budget is a catch. But don’t worry because we’ve done in-depth research for you and picked the two best accounting software FreshBooks and QuickBooks.
Below, you’ll go through the FreshBooks vs. QuickBooks detailed comparison. So, be sure to read this article until the end, choose the best financial management software.
FreshBooks vs. QuickBooks: Overview
Accounting software can help you in many ways. Doing all your work alone can take a lot of time. However, with software like QuickBooks and FreshBooks, you can create or customize invoices, pay bills, automate accounts-related tasks, check income and expenses, and so on.
FreshBooks is a financial management software for small and medium-sized businesses. It was founded in 2003 and operated by 2ndSite Inc. FreshBooks has almost more than 24 million users worldwide.
It is a fantastic software for creating invoices in the shortest time, plus you’ll get your payment faster too. You can manage almost all tasks related to your business finance management with it in less time.
Here comes the second pick of our article QuickBooks, a famous software among business owners for account management. According to Statista, almost 70% of small and medium-sized enterprises are familiar with QuickBooks.
You can manage tasks related to accounts management with QuickBooks. It does not matter whether you’re selling products or managing a small business; what you all need is QuickBooks. It also offers payroll and inventory cost tracking features while FreshBooks doesn’t.
You may think of when both FreshBooks and QuickBooks are best, then which one you should choose? After all, you can’t pay for both.
Don’t overthink and heave a sigh of relief because below, we will compare the key features of FreshBooks and QuickBooks.
- You can create and customize invoices in a short time.
- You can add payment terms, due dates, reminders, etc. to your invoice,
- FreshBooks offers a client hub feature.
- With client hub, you can easily track the data of a particular client in one place.
- You can integrate your bank account, credit cards with FreshBooks.
- FreshBooks is a fantastic software to track income and expenses.
- Users can access reports via the dashboard of FreshBooks within a minute.
- You can check the time you spent on a particular project.
- FreshBooks also helps users to track the profit and loss with a P&L statement.
- You can check the balance of your bank account and credit card after integration.
- Plus, the dashboard of FreshBooks is easy, and anyone can use it.
- You can check the overview of income and expenses through the dashboard.
- It allows users to save their customer or client contact information in one place.
- You can also add the shipping address, payment terms of a client with contact info.
- Users can create or customize invoices with QuickBooks.
- With QuickBooks, you can track inventory items, their information, images, and price.
- QuickBooks supports data transfer; you can import customer info to excel.
- There are 650 or more apps integrated with QuickBooks.
- You can link your bank account, credit cards and process the payment quickly.
- You can automate tasks and use the reminder feature to remind something to your team.
You certainly want to know, which one is budget-friendly or which one is expensive? So, without wasting time, let’s come to an essential point, the comparison of FreshBooks vs. QuickBooks pricing .
FreshBooks offers three different subscription plans; you can pay monthly or yearly, whichever suits you.
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Lite is suitable for business owners who’ve five billable clients and only have basic needs among all three plans. Plus package is ideal for a business owner who has up to fifty billable clients and is looking for software to automate tasks.
While the Premium plan has all features, it offers unlimited billable clients. That’s why it is an excellent choice if your business is growing gradually.
QuickBooks offers three plans, Simple Start, Essential, and the Plus one.
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Like FreshBooks, the first (Simple Start) package of QuickBooks is suitable for you if you’re starting a new business and do not need premium features. The Essential plan is good if you already own a well-established small business.
Otherwise, you can check the Plus package. It works best if you’re thinking of expanding your business.
If we talk about monthly charges, then the first subscription plan of both software, Lite and Simple Starts plans, has only one dollar difference. At the same time, Plus and Essential plans have the same price.
However, the premium and the plus plans have a significant difference. So, it depends, you can choose any subscription plan you think is suitable and offers the best price.
Major Differences Between FreshBooks and QuickBooks
When it comes to differences, many people think FreshBooks and QuickBooks are the same. Though both are account management software, they are different. Not because they offer many features, the reason is they are designed for various purposes.
FreshBooks is especially for freelancers, medium or small size business owners who want account management features along with client-specific features.
In contrast, QuickBooks is helpful software for small, medium to large, or growing businesses. It works best for all of them, especially if you have a product selling-related business, supporting inventory management, and offering payroll services.
Which Is Easier To Use?
Now, it’s time to answer the last and most crucial query, Which is easier to use between FreshBooks vs. QuickBooks?
While buying FreshBooks, you don’t have to worry about anything. Because apart from all features, FreshBooks is also an easy-to-use software. It has a simple dashboard. You can access features from the dashboard easily without any difficulty.
QuickBooks is best for account management, and there are many reasons for it. One of the biggest reasons business owners use QuickBooks is because anyone can use them efficiently. Similar to FreshBooks, you can access all features from the dashboard.
So overall, they are even; both are easy-to-use software and can help you in many ways.
Frequently Asked Questions (FAQs)
Which one is better: QuickBooks or FreshBooks?
QuickBooks or FreshBooks is excellent software and works best for different situations. If you’re a freelancer, sole-proprietor, or contractor, then you should always go for FreshBooks. Otherwise, QuickBooks is best for medium to large businesses or product selling businesses.
Is FreshBooks cheaper than QuickBooks?
When it comes to pricing, FreshBooks and QuickBooks are both affordable software and have no significant difference. For example, you can buy a monthly Basic Plan (Lite) from FreshBooks for $15 and QuickBooks (Simple Start) for $16.
In contrast, the second plan (Plus) of FreshBooks and QuickBooks (Essential) has the same $25 charges per month. However, the last subscription package price has a clear difference. You can buy FreshBooks (Premium) at $50 and QuickBooks (Plus) at $34.
Is FreshBooks free?
Nope, FreshBooks is not a free tool or software. You’ve to pay for it if you want to use its services. However, FreshBooks offers a 30-days free trial that is available for anyone.
Is FreshBooks a good company?
FreshBooks is famous worldwide for its exceptional services related to finance management. It offers many features that can help in managing business finance situations. Its design is for small to medium businesses, freelancers, contractors, and sole-proprietors.
Is FreshBooks suitable for accounting?
Yeah, FreshBooks is one of the most suitable software for accounting. You can track income, expenses and see reports of your account. In short, it is an excellent choice to manage your business financial situation easily.
Who uses FreshBooks?
FreshBooks is famous worldwide. More than 24 million users from 160+ countries use this tool and manage their business financial situation.
Final Comments: FreshBooks Vs. QuickBooks
FreshBooks and QuickBooks both work best and are famous for their services. Now, it’s your time to think about which software suits you and your work.
After all, no one knows and can understand your work requirements better than you. So, go to the features comparison of FreshBooks vs. QuickBooks, reread it, and think which software can help you best for account management.
Hopefully, you’ll have got all the answers to your questions related to FreshBooks and QuickBooks. Still, if you have a query, go to the comments section and ask us.