Are you looking for an alternative to QuickBooks? Itching to make the switch?
We’re listing down the best QuickBooks alternatives in the market today. If you need a more cost-effective accounting solution for your small business, one of these options might fit the bill.
Why Consider a QuickBooks Alternative?
QuickBooks is the go-to accounting software for small businesses. It’s arguably the biggest bookkeeping solution out there with over 5.6 million customers globally.
However, QuickBooks is not the only player on the market. Some of its competitors can even match QuickBooks features like sales management, expenditure tracking and reporting.
As an added bonus, these competitors offer their services at a lower price point, making them more appealing to startup companies.
QuickBooks isn’t the perfect solution for everyone. It’s been reported that QuickBooks…
- has a lackluster audit trail
- has no fixed-asset section
- has upgrade fees
- customers experience outages (online edition)
Some of their features are also geared more towards large-scale businesses. So while they are feature-rich, beginners in the system might have some trouble navigating through QuickBooks.
Here are some alternatives to QuickBooks to consider.
Wave: The Free QuickBooks Alternative
Wave is a free solution with features that rival that of QuickBooks. Even better, the tool puts no limits on how many users can use the system. QuickBooks’ multi-user feature is only available on its higher-tier plans.
If you’re managing multiple businesses, you can set them up all under one Wave account.
Like QuickBooks, you have the option of connecting your banking and credit card information for easy transactions. However, only the administrator can gain access to your account details. This might be an inconvenience to your bookkeepers.
- It’s absolutely free
- It includes most of the features in QuickBooks
- They offer customer support
- Multi-user access right out the gate
- There’s no means of printing checks and paying bills
- Fully web-based solution; no desktop version
Wave is a great option for entrepreneurs who are using bookkeeping services for the first time. You’ll get to familiarize yourself with the system at no cost to you.
Odoo: The Open-Source QuickBooks Alternative
For users who require flexibility in their account management system, Odoo might be the tool for you.
Odoo is known for its modules, which are apps you can modify to perform a specific task. Odoo takes a different approach when it comes to payment options. Your bill comes down to how many users need access to the software and what modules you include with your plan.
Ultimately, the amount you pay will depend on your needs. By choosing only the features you require, you may end up saving a lot more money.
Odoo goes beyond accounting as it can also handle employee management, manufacturing operations, CRM and eCommerce.
- Odoo offers a 15-day free trial
- Modular functionality lets you create a system that’s tailored to your needs
- Supports Windows, Mac and Android
- Not a good option for those who are new to accounting software due to a steep learning curve
Odoo is ideal for companies who know what they want out of an accounting system.
Sage 50cloud: The QuickBooks Alternative for Inventory Tracking
Sage 50cloud does everything you expect out of an accounting solution. You can do your taxes, budget, monitor your cash flow and handle invoices.
The reason this tool stands out is its handling of inventory data. It lets you set up a default inventory value and unit measures. You can also make changes to your inventory on the fly.
And if you merge your Sage 50cloud account with Sage Payment Solutions, you’ll be able to process payments securely while you’re on the move.
- Sage 50cloud integrates with MS Office 365 and Outlook
- Automatically syncs desktop data with cloud service
- Expensive plans compared to others on this list
If you value built-in features like Office 365 integration, then Sage 50cloud’s high-entry cost might be worth it.
Xero: The No-Compromise QuickBooks Alternative
Xero could possibly be the closest you get to QuickBooks.
The software has most of the features that QuickBooks has. They also have a project management feature that allows you to monitor your activity more closely.
You can use their mobile app to handle your business from anywhere. Their online invoices notify you as soon as they are opened, giving you peace of mind.
They are also touting their fast reconciliation process that enables faster import and categorization of banking, credit card and PayPal transactions.
- It allows accounts to set an unlimited number of users
- The most basic plan starts at $9
- It’s easy to connect your banking and credit card information
- The Xero app lets you scan receipts that you can attach to transactions
- You can try out Xero for 30 days at no cost
- Accountants may not be as familiar with Xero as they are with QuickBooks
Xero might be the closest software you can use that gets you close to the QuickBooks experience.
FreshBooks: The QuickBooks Alternative for Solopreneurs
FreshBooks makes it easier for solo entrepreneurs and freelancers to manage their accounting.
Unlike some of the options mentioned in this post, FreshBooks only offers 1 user per account. You can add more, but it would cost you $10 per user every month.
They put no limit to how many clients you can send invoices to—which is definitely a plus.
You get automatic reminders for payments. There’s also an option to charge a late fee for unpaid invoices that FreshBooks activates automatically.
- It has a great user interface
- There’s a time-tracking feature for invoices
- You can get paid faster if you accept credit card payments
- You need to pay additional fees for every user you add
- Features are a bit limited
FreshBooks is a good choice if you need to track your work progress and send invoices to your clients. A perfect fit for freelancers and solopreneurs.
ZipBooks: The Alternative for Outsourced Bookkeeping
ZipBooks lets users handle their own bookkeeping. However, you can hire ZipBooks accountants starting at $125 per month.
A part-time bookkeeper will land you anywhere between $400 and $4,500 a month. So $125 for a personal bookkeeper and access to their management software might be a better alternative to hiring a part-time or full-time employee.
Your invoices can be customized with your company logo or a personalized message. ZipBooks also helps with bank integration.
You’re given real-time reporting of all your expenses.
- There’s a free version available
- Services plan comes with a dedicated bookkeeper
- ZipBooks has a simple, easy-to-use interface
- No ability to pay bills through the software
- No inventory tracking features
- You need to upgrade to a higher plan to access time-tracking features
- Limited customer support
If you need help with your bookkeeping or prefer having someone to handle it on your behalf, ZipBooks will be able to help you out.
OneUp: The QuickBooks Alternative for Sales Teams
OneUp works well with sales teams because they have a feature called “Opportunities.”
What Opportunities does is allow your team to send follow-ups to your business leads. They can record call notes and track deals that are in motion.
The Sales dashboard gives anyone with access graphs of your sales and payments made.
With OneUp, you can promote a collaborative environment where tasks and expenses are viewed and updated from a single location.
And it does what you expect from accounting software like invoicing, bookkeeping, inventory and CRM.
The only thing it can’t handle at the moment is payroll.
- The Self plan only costs $9 a month
- It comes with a 30-day free trial
- Higher-tier plans offer one-on-one support
- No system in place to handle payroll
- No customer support with Self plan
Use OneUp if you’re constantly working with sales teams and following up on leads.
FreeAgent: The QuickBooks Alternative for DIYers
FreeAgent is made for people who are likely to rely on themselves to manage their accounting.
This is meant to be used by freelancers and small businesses. It’s easy to use. As soon as you set up an account, FreeAgent will walk you through the setup process.
The dashboard can be customized with cards that you can reposition if needed.
Like some of the tools in this list, FreeAgent puts no limit on the number of users who can access an account.
FreeAgent also makes the task of creating an invoice simple. They make use of dialogue boxes to guide users who are doing this for the first time.
- Free trial plus a discounted price for the first 6 months
- The site is intuitive to use
- Not a great choice for businesses with a lot of inventory
- Customer service operates in the U.K. so you’d have to call between 9 to 5 P.M. GMT
If you’re hesitant about using a bookkeeping service, give FreeAgent a shot. Their site makes it easy to set up an account and guides users as they get used to things.