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6 Best Free & Paid QuickBooks Alternatives For Small Businesses

QuickBooks has been in the trend for a long time, but over the past few months, it has become more complicated to use, with companies reporting some significant issues. The most common problem reported has been regarding the expensive pricing and high credit-card processing charge. Apart from that, there have been reports that QuickBooks isn’t providing proper customer support, forcing many companies to look for other QuickBooks alternatives.

Overview – QuickBooks is an emerging platform in this era of cloud accounting software. Cloud accounting technology, when compared to desktop-based software, provides a more secure method of storing financial information. QuickBooks is one of the most popular cloud accounting software which focuses on providing a platform to small and medium-sized businesses. It is marketed and developed by Intuit.

Best QuickBooks Alternatives in 2020

WAVE

There is no better option than Wave if you are looking for an online accounting application that offers double-entry accounting capability. Accounting by Wave is a freemium SaaS application.

wave

Wave has grown rapidly to become an award-winning financial services software firm. It is serving more than 250 employees, entrepreneurs, and freelancers around the world, offering all the accounting features that you need for your small business, including double-entry purchase, sales, banking, accounting, invoicing, mobile invoicing, and decent reporting.

Its suitable customer management capability is more illustrious among the companies. Wave through accounting avails it’s users with online payment acceptance and payroll options, though both have a fee attached. Among all the features that Wave racks, the best one is that it’s free to use and convenient for all the users.

Price: Wave is absolutely free for business holders to begin with.

SAGE50CLOUD

Sage50cloud is among the best QuickBooks alternative for small businesses, an accounting application designed for desktop use. It is a set of accounting and payroll products developed by the Sage group aimed at small and medium enterprises.

sage50cloud

Sage50cloud provides some core functionality such as A/R or A/P, customer management system, and advances financial reporting system. It also has some premium features like detailed profitability tracking, cash flow forecasting, and custom reporting.

This software has its customer care service to provide help and training to the customers on how to use the software efficiently. Besides this, Sage50cloud is referred to as one of the best QuickBooks alternatives by providing remote access to work from anywhere, on-premise stability, customizable reporting, excellent inventory management, and also it is scalable from small to medium businesses.

Price: Sage 50Cloud pricing starts at $465.95/year. They do not offer any free trial for now.

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FreshBooks

Now, FreshBooks is an excellent solution for sole proprietors and freelancers, offering a rapid invoicing option as well as the ability to manage projects and create estimates and proposals.

FreshBooks is an accounting software owned and operated by 2ndside Inc. It is much more flexible than QuickBooks and fits much better for sole proprietors and consultants. You can easily use the platform through a desktop or mobile device.

Freshbooks

FreshBooks has three pricing tiers, each with an increasing number of potential clients. The Plus and Premium plans have similar sets of features, but if you bill over 50 clients each month, you’ll need to step up to the Premium plan. It is one of the best QuickBooks alternatives to use.

Fresh Books is popular for including a self-employed plan, and a team’s plan for small businesses, with multiple users. Along with that, it consists of a highly intuitive interface that even beginners will be comfortable to get along.

Price: FreshBooks pricing starts from as low as $6/month or $4.50/year and goes up to $20/month or $15/year depending upon the versions. At critical times like these, to support the business community, they are offering 60% off on various versions. They even offer 30 days free trial for users to try before buying.

XERO

You won’t find a better option than Xero if you’re in the market for a small business accounting software application that can be used with numerous apps in a variety of categories. It also offers a cloud-based accounting software platform for small to medium-sized businesses. Xero is also one of the best QuickBooks alternatives because of its design, user-friendly gestures, adequate security measures, and its cheaper cost.

xero

It is loaded with a ton of features, including invoicing, expense management, inventory management, project management, and bill payment, and it also offers a multi-currency option.

Xero allows its users to create invoices either multiple times throughout the project or just one invoice. It also tracks project performance throughout so that you can see if the project is being performed according to the plan or in danger of running over.

Price: Xero offers 30-day free trial as well to use their software services. Pricing starts from $20/month for the starter/lite version and goes up to $40/month for the premium version

Zoho Books

Zoho Books has a long list of features that are usually available in much more comprehensive applications. It has an easy to use interface and various help options.

It would be best Zoho Books for the tech novice who will feel more comfortable with an interface like a spreadsheet application rather than a software application. Zoho Books comes with automatic bank feeds, online payments, invoice templates, collaborative client portal, accounting and taxing, invoice templates, and analytical reports.

Zohobooks

Zoho Books allows users to manage multiple time sheets of different projects and tracking of expenses. It was launched in 2009, and its features have constantly been upgrading while their prices remained the same.

It is incredibly affordable, offers excellent customer support. This software has features that make it compatible with mobile devices. Because of its notable solutions, Quicks is one of the best QuickBooks alternatives and a great competitor to it.

Price: Zoho Books’ pricing starts from Rs. 2,499 as standard plan and goes up to Rs. 20,000 as a premium plan.

Bench

Bench is considered as one of the excellent bookkeeping services for small business websites. Bench integrates with a couple of high rated apps like Shopify, gusto, etc. It keeps your bookkeeping and finances up to date. It also provides tax bookkeeping and year-end packages to file your taxes manually without much hassle.

Bench

Price: Bench begins its pricing with various comfortable plans starting from $0k – $1k ending with $50k – $1M choosing which is right for your platform.

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ZipBooks

ZipBooks is a simple and powerful software that provides tools to manage your accounts and bookkeeping. It creates invoices and sends them in seconds. It categorizes all reports in a uniform manner. Comparatively, ZipBooks is ideal for startups and micro-businesses with lesser transactions.

zipbooks

 

Price: ZipBooks provides a Starter package with limited features for free. The pricing starts from $15/month to $35/month.

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Conclusion

So these are some of the QuickBooks alternatives available at your ease. They are all different, and sometimes different is exactly what you need for your business. While some of the alternative applications are better in certain areas and have some specific features, each one of them is unique in their way.

There are varieties of choices available for small to medium-sized businesses. So, whatever your reason for looking beyond QuickBooks, you can rest assured that you have options to choose from.

Written by Jatin Bisht

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