Quickbooks vs FreshBooks vs Xero: Decide the Best For Your Business

Quickbooks vs Freshbooks: Decide the Best For Your Business

The importance of accounting software in managing complex company tasks can’t be denied. There are hundreds of accounting tasks in a company that is time-consuming as well as prone to errors. But with the accounting software, you can complete the tasks at your fingertips. In the market, you can find hundreds of software. But there are two most popular online accounting software Quickbooks and Freshbooks. But how to decide between Quickbooks vs Freshbooks for your business? Both the software involve powerful tools for numerous purposes, they function best in different cases and industries.

You might think Quickbooks vs Freshbooks sounds the same so their functions will be identical. Well, that’s not the case. There are some features in Quickbooks that Freshbooks does not have and vice versa. Here, comparing QuickBooks vs. FreshBooks can be useful for you to choose the best accounting software for your company’s needs.

Quickbooks vs Freshbooks Overview 

Quickbooks vs Freshbooks Overview 

We will be comparing details, features, and pricing of Freshbooks vs Quickbooks self-employed. Before that, let’s dive into the overview of both these accounting software. QuickBooks Online and Freshbooks are web-based which means you just need the internet to access them.

Both offer numerous features and plans based on monthly and yearly subscriptions. You can add up extra features as per plan. These two accounting solutions provide mobile apps for Android as well as iOS devices to manage finances easily. Also, you can conveniently integrate many third-party apps to increase the efficiency of the platform.

After reading the overview, QuickBooks and Freshbooks look similar but there are significant differences and uses of them. Let’s learn all.

Features of Quickbooks 

Features of Quickbooks 

  • First of all, it offers expense and income tracking.
  • Capturing and organizing receipts.
  • Various Tax categories for arranging expenses and incomes.
  • Customizable invoicing.
  • Feature of converting estimates to invoices.
  • Easy online payments online such as bank transfers via QB or third-party apps and credit cards.
  • Mileage tracking.
  • Connection with credit cards and business bank account.
  • Automatic transaction import.
  • Reports of balance sheets, profit & loss statements, and expenses.
  • Sales tax tracking.
  • Data backup.
  • Data security.
  • 1099 contractor management.
  • Easy access to accounts for two accountants.
  • Supports iOS and Android devices.
  • It integrates with QuickBooks products as well as third-party apps.
  • Customer support via phone, chat, email.

Features of Freshbooks 

Features of Freshbooks 

  • Firstly, invoicing software that helps users to customize, make and share invoices to the concerned clients.
  • Secondly, it connects well with bank accounts.
  • Automatic transaction import.
  • Expense entry.
  • Tracking of expenses with tax categories.
  • Multi-currency capabilities.
  • Can create and share customized estimates.
  • Clients can estimate online as well as convert them easily to invoices.
  • Time tracking for projects, you can bill clients after checking the tracked hours.
  • Budget project management, and file sharing.
  • Accepts payments from credit cards and other methods such as FreshBooks or Stripe Payments, also approves ACH transfers.
  • Records automatically all payments and expenses.
  • Bank reconciliation capabilities.
  • Reports of balance sheets, profit & loss statements, and expenses.
  • Users can add client details with notes and handle communication via the relationship feed.
  • Options of integration upto 200 third-party.
  • Customizable workflows. 
  • Easy access for accountants.
  • Data storage via SSL encryption.
  • Supports iOS and Android devices.
  • Lastly, you can avail yourself of customer services via call and email.

Pricing of QuickBooks Online

Pricing of QuickBooks Online

Quickbooks provides four subscription plan options. It ranges from a Simple Start plan, for three starting months to the Advanced plan. Let’s see the cost.

  • Simple Start: This plan costs $12.50 for a month available for the starting three months. Thereafter, you have to spend $25 per month. Note: This plan works for a single user.

Essentials: This plan costs $20 for a month available for the starting three months. After that, you have to spend $40 monthly. Note: This plan works for three users. Its capabilities are:

  • Bill management.
  • Option of integration with QB TSheets.
  • Time tracking by employees or clients
  • Customizable access levels upto three users.

Plus: This plan costs $35 available for the starting three months. Thereafter, you have to spend $70 for the first three months. Note: This plan works for five users. Its capabilities are:

  • Supports five users.
  • Tracking of project profitability.
  • Inventory tracking.

Advanced: This plan costs $75 available for the starting three months. Thereafter, you have to spend $150 for the first three months. Note: This plan works for 25 users. Its capabilities are:

  • Bill pay.
  • Supports 25 users.
  • Smart reporting.
  • Accelerated invoicing.
  • Enhanced custom fields.
  • Custom user permissions.
  • Premium customer support with Priority Circle membership.

Pricing of Freshbooks

Pricing of Freshbooks

FreshBooks also gives the users various plan options monthly as per clients billed. Further costs include:

Lite: This plan costs $13.50 for a month. Supports five clients billable. Its capabilities are:

  • Firstly, unlimited expense entries.
  • Unlimited customized invoices.
  • Accepts ACH payments online as well as credit cards.
  • Unlimited time tracking.
  • Automated bank import.
  • Tax time reports.
  • Unlimited estimates.
  • Custom workflows and functionality with along 200 integration.

Plus: This plan costs $22.50 for a month. Supports 50 billable clients. Its capabilities are:

  • Automated recurring invoices.
  • Unlimited proposals.
  • Scheduled late fees.
  • Reports of double-entry accounting.
  • Client retainers.
  • Late payment reminders can be set automatically.

Premium: This plan costs $45 for a month. Supports 500 billable clients. Its capabilities are:

  • For $20 extra monthly, you can use FreshBooks Payments Advanced.
  • Include users to the premium account of FreshBooks Premium account.

Select: This plan involves custom pricing above 500 billable clients.

You can also read: Quickbooks vs Quicken Home and Business – Superlative Comparison

Quickbooks vs. Freshbooks: Support

Quickbooks vs. Freshbooks: Support

Software companies also offer various help resources to their users such as in-product help and knowledge options. But there are instances when you just want to talk to an expert. Here, both QuickBooks Online and Freshbooks provide the option of live support to the customers.

FreshBooks Support

The users of FreshBooks can get support via email and toll-free numbers at extended business hours. Additionally, FreshBooks offers:

  • FAQs
  • In-product messaging
  • In-product help
  • Searchable knowledge base

QuickBooks Online Support

  • Call a support agent via the toll-free number.
  • Email
  • Chat support.
  • In-product help
  • Featured articles
  • Searchable knowledge base
  • Product training options
  • Additionally, it involves user community

FreshBooks vs Quickbooks vs Xero: Comparison Chart

FreshBooks QuickBooks Online Xero
Plans Lite, Premium plans, Plus, Choose custom-priced plan Simple Start, Plus, Essentials, and Advanced plans Early, Growing as well as Established plans
Pricing Monthly $15 to $50  It is $25 to $150 per month Monthly $11 to $62 
Features

Invoicing software that helps users to customize, make and share invoices.

Budget project management.

Accept payments from credit cards and other methods.

Users can add client details with notes and handle communication.

Expense and income tracking. 

Customizable invoicing.

Easy online payments online such as bank transfers.

Well integrates with QuickBooks products as well as third-party apps.

Customer support via phone, chat, email.

Numerous tools.

Various features.

Plans for unlimited users.

24/7 customer service support.

Biggest app store for integrations with third-party. 

For per team member you have to offer $10 and with premium and plus, around 10 accountants. As per the plan, you can include upto 25 users. Plans for free unlimited users 
Mobile app Available for Android and iOS It is available for Android and iOS Available for Android and iOS
Integrations 100 integrations. Around 600 apps over many categories, also involve extra Intuit tools. Around 800 apps over many categories, it also involves tools created by Xero.
Customer support Email and call-based support, Mon-Fri: 8 a.m. to 8 p.m. Call as well as chat support. Moreover, if you have an Advanced plan: You get 24/7 support. 24/7 online support 
Best for Service-based businesses and Freelancers, contractors. Businesses based on Product- and sales who have more accounting needs; and looking for a scalable solution.

It is especially for those looking for a QuickBooks Online alternative.

To Wrap Up

All in all, we hope that the comparison of  QuickBooks vs FreshBooks vs Xero can be useful for you. Now you can choose the best accounting software for your company’s needs. We understand that your decision will be based on your business type, needs, size, and budget. This is why we have mentioned every aspect in this informative write-up to help you.

If you are still perplexed, then we would advise you to take a free 30-day of all software. Tell us your decision in the comments section below to help other readers choose.

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