FRESHBOOKS VS QUICKBOOKS: CHOOSE THE BEST FITS FOR YOUR BUSINESS

Which accounting software should I use? Quickbooks or Freshbooks? Are these questions troubling you? Don’t worry we will give you all the information which will give you the winner of Quickbooks vs Freshbooks match. As a rational consumer, you must choose what’s best for you. Quickbooks and Freshbooks are both awesome accounting software with all the necessary features and services you need to manage the financial activities of your business. But it depends on your needs which one you should choose.

Many people think Freshbooks and QuickBooks are built for the same purpose, but that is not true. Freshbooks work best for the freelancer and service-based business, whereas Quickbooks is actual accounting software which is used by businesses of all sizes. Quickbooks is the best accounting Software than Freshbooks because it offers more features than FreshBooks at a competitive price. If you need more features you should go for Quickbooks otherwise Freshbooks is a good alternative for you if you’re a self-employed freelancer who just needs a billing software. Read the article for making cogent decisions.

Quickbooks vs Freshbooks: Pricing

Freshbooks and Quickbooks both offer a plan for every budget. The lowest price for both is $15( without discount) and the highest price for Freshbooks premium is $50 per month and $150 for Quickbooks online Advanced per month.

FreshBooks pricing:

FreshBooks offers a flexible SMB and enterprise pricing scheme where plans are tailored to suit the needs of every business or small accounting team. And, the company offers a 30-day free trial where you can examine the features prior to choosing the most suitable plan. The difference between the plan depends on the number of active clients you intend the bill, while some of the functionalities remain the same. Freshbooks mainly offers 3 plans user can choose whichever they might find suitable these includes-

  • Lite- $15 per month
  • Plus- $25 per month
  • Premium- $50per month

QuickBooks Pricing:

QuickBooks offers five pricing plans with a monthly subscription. All plans include customer support, integration with apps you already use, and secure bank connection. Discounts are regularly offered(currently they offer 50% off for 3 months) or a free 30-day trial you can avail anyone.

Freelancer

Self-employed – $15/month

Small business

Simple start – $12/month

Essentials – $20/month

Plus – $35/month

Advanced-$150/month

The small business plan comes with an add-on option for enhanced payroll or full-service payroll solution at a separate cost.

Quickbooks vs Freshbooks: Features

Have a look at all the features described to see who wins Quickbooks vs Freshbooks.

Time tracking

Quickbooks online plus has also a time tracking tool that you can use for time tracking of your employees, you can track how many hours your employees have worked.

Freshbooks also has a similar time tracking features which are based on projects and tasks. Freshbooks also uses a calendar that provides overview information about the project worked on.

Manage Account Receivable

Quickbooks have full account receivable functionality in all of their plans. In QuickBooks, you can create invoices, track your customer’s payment, and generates an account receivable report.

Freshbooks is usually known for its custom invoice capabilities. In Freshbooks, you can modify the invoice templets according to your company needs by adding a company logo, brand color, etc. Freshbooks also track customer’s payment and generates a report on unpaid customers which helps in payment collection from unpaid customers.

Manage Account Payable

Quickbooks online plus allows you to manage all of your bills. This means you can enter your bills into QuickBooks and pay them with your credit or debit card, you can also check your payment status.

On the other hand, Freshbooks does not offer account payable capabilities in any of their pricing plans. Therefore you cannot keep track of your unpaid bills in Freshbooks. However, you can download paid bills by connecting your credit card or bank accounts to Freshbooks.

Budgeting & Forecasting:

Inventory Tracking

With Quickbooks online plus you can keep track of your cost, quantities, and value for all products that you purchase or sell. This is helpful because you will always up-to-date about the inventory and cost of goods, which helps you to figure out your profit or loss details. Unfortunately, Freshbooks does not offer inventory tracking in any of their plans.

Payroll Processing

Quickbooks has its own payroll service intuit online payroll. With the help of Quickbooks payroll, you can process payroll for your employees.

In Freshbooks, if you want to pay your employees using payroll then you have to purchase gusto payroll because Freshbooks doesn’t offer its own payroll service.

Online Payment

Quickbooks payments provides its own online credit card processing service. On the other hand, Freshbooks use Stripe or PayPal for credit card processing.

Other User Permission

In every Quickbooks online plan, it allows at least two users wheres in Freshbooks only one user is allowed to access in every plan, you will need to pay $10 for every additional user per month.

Payment Reminders

Freshbooks will automatically send reminders to notify its users for upcoming dues or past dues. Payment reminders send before due, after due, or both. Unfortunately, this offer is not available in Quickbook online plus.

Establish multiple Business

Freshbooks allows you to establish multiple businesses. This means you can access all of your business by using the same account. It gives a 30 day trial for each new business and then it charges the current pricing after the trial ends. But in QuickBooks, you can only register only one business per Quickbooks account.

IOS $Android

Many companies create an app for ios and android platforms but they didn’t provide all the features compared to their desktop application. But Freshbooks has the best mobile app which includes all the features compared to their desktop applications too. That’s why Freshbooks mobile applications are popular among mobile users too.

Quickbooks online has also many features included in their mobile app but there are a lot of users complaining about glitching or crashing the app. That’s why Freshbook’s mobile app is better than Quickbooks mobile app.

Customer Support

According to QuickBooks users, Quickbooks support and customer service is not good at all due to the lack of informative details and long waiting times. Quickbooks customers feel that the customer service team is inefficient and unreliable at times, They don’t respond quickly.

According to FreshBooks users, the company offers incredible customer support, the representative is always informed and kind and provide sufficient information, and they are really good at solving problems.

Security

Quickbooks and Freshbooks both companies have similar security precautions. Both companies use SSL encryption, regular testing, and data backups for their security concern. Both companies use robust features to secure their user’s data

Is Quickbooks better than Freshbooks?

QuickBooks provides you full-fledged accounting software that works best for companies that sell products and require all accounting activities to be managed under one roof. Quickbooks has many benefits such as-

  • Better pricing model

Quickbooks allows you to pay all in once. This one-time payment gives you the freedom to pay only once and take advantage of life long. Whereas FreeBooks only provide the Facility of monthly and annual subscription which means you have to pay after every year at least.

  • More features

Quickbooks is a full-fledged accounting software. That provides you all the essential features like printing bills, inventory tracking, print checks, expense tracking, invoice generation, and handling all your tax-related activities it does all whereas Freshbooks offer a little less.

  • Works on Linux

Quickbooks is more platform friendly than Freshbooks. If you are a Linux user, you cannot opt Freshbooks as your accounting software and Quickbooks will be the best option for you.

  • Self- employed pack available only at $7.5 each month

Quickbooks packages start only from $5 whereas FreshBooks least expensive plan also starts from $15. Which makes Quickbooks more friendly to your pocket.

But it does not mean that Freshbooks is less good than Quickbooks. Freshbooks were awarded by Finance Online in 2019 as the Best Accounting Software Freshbooks has its own advantages over Quickbooks have a look-

  • Supports more languages than Quickbooks

Freshbooks can work in Dutch, Polish, Turkish, Swedish, and English whereas Quickbooks work only in English. This makes Freshbooks accessible and buys more users across the countries.

  • More user Friendly

Freshbooks uses Custom Satisfaction Algorithms to gather customers reviews, comment, opinions across a wide range of social media sites to enhance the customer satisfaction. Reviews of customers are gathered together, processed and then the appropriate decisions are taken.

  • Better support system

Freshbooks support system is better than the support system of Quickbooks. No matter who’s rating the Support system 95% of users vote for the FreshBooks Support system only. It’s not like Quickbooks Support System is bad, it’s only that FreshBooks is a little better.

Conclusion:-

Now we have compared the pricing, features, and security of Freshbooks vs Quickbooks. We describe the advantages and drawbacks of both software on every point. And after describing all the features of both accounting software we came to the point that if you are a self-employed freelancer or you are running a small business Freshbook is the best to pick for you, where’s QuickBook is used in all size of business. Both software has their own advantages. You can manage every financial aspect of your business and you have up-to-date about your financial statement by using both of this software. So it depends upon your needs that which software fulfills your business needs.

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