QuickBooks is the undisputed leader for accounting and bookkeeping because it is simple to use. However, if you are looking for alternatives considering financial management, a due need for more functionalities, you will be surprised to find out multiple alternatives for the bookkeeping software. Let’s look at some of the options with features to take care of all your bookkeeping and finance management related needs.
If you are looking for free QuickBooks alternative for small business, you will love myBooks. It is cloud accounting package that’s ideal for small and medium enterprises. The tool has enterprise-level data security, intelligent bookkeeping accounting system, option to import bank transactions, multi-currency transactions, invoice templates with simple configuration and setup. The free version lets one user manage 25 contacts and 100 monthly transactions. The standard package is priced at $4.99, and the premium is priced at $9.99. It is undoubtedly the most affordable options on the list.
Xero is a full accounting package. This cloud accounting software is as simple to use as QuickBooks. The interface is intuitive and doesn’t have accounting and finance jargons. Xero has three pricing plans. The Starter package that is priced at $9/month is ideal for small businesses. If you are a slightly bigger organization, move to $30/month standard package. The Premium package that’s ideal for complex businesses starts at $70/month.
FreshBooks is meant for freelancers and self-employed who want to automate invoice and payment process. The software also has three pricing levels with the lowest one costing $15/month. Though only one user has access to each plan, you can always add more users by paying $10/month for every user. The Lite plan includes five customers, and Premium plan consists of 500 customers. Also, the Plus and Premium plans have features such as auto-late charge fee for past due invoice and payment reminders, which are missing in the Lite plan.
4. Zoho Books
Zoho Books has many features similar to QuickBooks online, but it outsmarts the latter in many areas such as project management capabilities and invoice generation in multiple currencies. Though Zoho Books don’t have payroll or budgeting tools, it offers a client portal and more simplified invoice customization tools. The packages range between $9 – $29/ month.
If you want a professional bookkeeper but don’t have the budget to hire one, Billy is the tool for you. The professional bookkeeper will look at the books and address your concerns every month. There are three pricing plans between $15 – $39 per month. All the plans have unlimited users, invoices and customers features.
We are sure that these bookkeeping softwares will be great alternatives to QuickBooks, especially if you are a freelancer or run a proprietorship firm with low employee strength. Before you purchase software, make sure to check out the website and go through all the features. If you are already using QuickBooks and looking for its replacement, it makes sense to compare the features as well as the cost to ensure you get a robust solution as per your business needs at the best price.