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FreshBooks vs. QuickBooks

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The world of accounting software for small businesses has never been the same since FreshBooks and QuickBooks entered the market. The two are the leading and most commonly used accounting software in the world today. Their popularity hasn’t stopped the FreshBooks vs QuickBooks comparison, which has been going on for ages. A good comparison looks at the factors or attributes where the two outperform each other. They also share several similarities.

Image Credits: freshbooks.com

Learn more about FreshBooks vs QuickBooks below.

1. Pricing

The two are priced on a cloud-based system. Freelancers who offer accounting services should be ready to pay either monthly or annual subscription for FreshBooks. On the other hand, freelancers who prefer QuickBooks have to be willing to renew their subscription each month. In this regard, FreshBooks offers two payment plans while QuickBooks only has one. Despite the subscription renewal, the two accounting software exempt consultants from contracts.

FreshBooks’ monthly subscriptions fall into three categories, which are:

  • Lite
  • Plus
  • Premium

On the other hand, QuickBooks has five plans, which are:

  • Simple Start
  • Essentials
  • Plus
  • Advanced
  • Self-employed

Self-employed is the most suitable for freelancers.

It’s worth mentioning that QuickBooks costs more than FreshBooks!

2. Applications

In settling the FreshBooks vs QuickBooks debate, freelancers must look at what they can do with any of the software. They support billing and invoicing, financial reporting, and expense management. However, freelancers can only perform tasks such as core accounting, inventory management, and payroll on QuickBooks. For this reason, look at the applications closely to avoid going with the sort of software that limits your freelancing services to clients.

3. Customer support

Customer support is the next factor to consider when evaluating FreshBooks vs QuickBooks. The support comes in various forms for both programs. Freelancers can access all the support they need via online case submission, help website, training that allows them to get started on the right footing, and phone. FreshBooks also provides support via its online community. Consultants can find help courtesy of online case submission 24/7.

4. Features

Look at the features of the two programs before you decide which side to go with. FreshBooks’ interface is not only clean but also easy to navigate. It also supports time tracking, which is essential for freelancers who desire to complete and submit their projects before deadline elapses. Consultants can use FreshBooks to make unlimited invoices and expenses. Freelancers can access unlimited data in the cloud with the help of FreshBooks too.

What about QuickBooks? It’s one of the most effective programs for payroll and inventory management. Other than that, its time tracking function works seamlessly with invoicing. Also, customers have no problem making online payments with this software. QuickBooks comes with a wide variety of tools that freelancers can use for decision-making. Freelancers can only access and use some of its most advanced features by subscribing to its highest price tier.

Image Credits: fundera.com

5. Where do they fall short?

The two programs fall short in various areas. For starters, FreshBooks performs poorly for freelancers who are interested in bank reconciliations. Its reports are also quite limited thus not offering the range that a consultant’s clients could be interested in. It only supports single-entry accounting. QuickBooks, on the other hand, comes with a steep learning curve. Additionally, you have to watch out for the payroll and credit cards fees that add up too quickly.

Lastly, you can send recurring invoices with both programs. Freelancers can only add late fees automatically using FreshBooks. It’s possible for consultants to send payment reminders with both FreshBooks and QuickBooks too. FreshBooks only has two templates compared to QuickBooks’ five for customizing invoices. Set your freelancing business on its way to success by learning from this detailed FreshBooks vs QuickBooks review.

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