Keeping track of your finances is a crucial part to long term business success. Having papers everywhere can be messy and confusing. This is where accounting software’s come in and can help you keep track of your finances and stay more organized. Having tidy books can help you spot business discrepancies swiftly and identify areas of the budget you can improve on for long-term business health.
Choosing the right accounting software can be a confusing process. With so many software’s available and new ones always coming to market. Finding the right software can be overwhelming. When you think of an accounting software QuickBooks probably is in the forefront of your mind. QuickBooks holds a majority of market share along with FreshBooks and Xero; despite the entry of dozens of competitors. Let’s take a look at FreshBooks vs. its competitors.
FreshBooks vs. QuickBooks
- QuickBooks and FreshBooks are two of the most well-known accounting software’s to date. With similar price points between $15 – $60/month allows these two big players to compete very closely for higher paying clientele. The main difference between these two are versatility. While QuickBooks is for large businesses and small businesses this helps them brings great versatility diversifying its target market. FreshBooks on the other hand is a great option for small businesses or even a sole proprietorship with one person. With invoice generation, expense tracking and automatic payment processing these software’s can save you a lot of time and time is money.
- Zoho is a much cheaper alternative when it comes to accounting software’s. The main advantage Zoho has are the features built in. Zoho suite is great for small businesses who want a CRM and other business aspects synchronized together for ease of use.
FreshBooks vs. Xero
- FreshBooks and Xero compete very closely for that #2 spot right behind QuickBooks. Xero recently has taken hold of the #2 spot in the market because, of its features and ability to cycle payroll for small business for no extra charge. With a similar price point as FreshBooks you cannot go wrong with either of these.
At the end of the day choosing the right software for your business is based on preference and the capabilities you are looking for. I recommend testing out the trials and watching videos of these software’s to find the right one for you.
Author:
Leo Corado
