The Best 7 QuickBooks Alternatives in 2024

July 21, 2022

The Best 7 QuickBooks Alternatives in 2024

Are you tired of using QuickBooks for your small business financial management? Are you looking for a cost-effective alternative to QuickBooks? Look no further! In this article, we will introduce you to some of the top QuickBooks alternatives that can help you manage your finances, payroll, and accounting tasks with ease. From cloud-based software to desktop options, there is a QuickBooks alternative for every type of business.

This brief article will list some of the best alternatives to QuickBooks and answer some relevant questions that most small business owners have about accounting software in 2023.

QuickBooks Alternative: How to Choose the Best Accounting Solution for Your Business

In search of a QuickBooks alternative? Consider these vital factors to select the ideal accounting software for your company:

  1. Assess your accounting requirements: Contemplate the following essential functions for your business:
  • Invoicing clients or customers for future payments.
  • Monitoring outstanding bills.
  • Managing business assets, such as equipment.
  • Tracking income and expenses by job, project, or customer.
  • Handling sales tax collection and remittance.
  • Overseeing payroll for your team or yourself.
  1. Determine your software usage frequency and reporting needs: Ask yourself the following questions:
  • Will you regularly review financial reports, or merely track income and expenses for tax purposes?
  • Do you need to integrate your accounting software with external applications like dashboards for improved business performance visualization?
  1. Envision your business's future: Consider the following aspects of your company's growth and development:
  • Do you aim to maintain a small, privately-held business or aspire to go public eventually?
  • Will you always manage accounting processes in-house, or do you plan to outsource them to external providers?
  • Are you open to obtaining small-business loans and financing at some point, or do you prefer to operate entirely debt-free?

By considering these factors, you'll be better equipped to choose the perfect QuickBooks alternative tailored to your business's needs.

QuickBooks Alternatives (What else is comparable to QuickBooks?)

QuickBooks is a popular accounting software that helps businesses to manage their accounting and financials. QuickBooks is easy to use, but it has some limitations. If you are looking for alternatives to QuickBooks, then you will find the following list useful.

FreshBooks: An Easy-to-Use QuickBooks Alternative for Small Businesses

Features:

FreshBooks offers exceptional usability and a smart selection of features, making it an ideal accounting solution for small businesses and self-employed individuals.

  1. Effective interface: FreshBooks has a powerful onboarding process for easy account setup. Its dashboard provides an overview of your company's finances with charts, and you can easily access important features like invoices, payments, reports, time tracking, add-ons, and clients.
  2. Project management tools: FreshBooks outperforms competitors in project management features, allowing you to assign projects to team members or external clients, bill at flat or hourly rates, and add services, expenses, and invoices to projects.
  3. Mobile apps: FreshBooks offers Android and iOS apps, granting access to crucial work areas like invoice creation, client records, project and report features, helping you stay up-to-date with your accounting on-the-go.

Plans and Pricing:

FreshBooks has three pricing plans, with monthly charges ranging from $15 to $55, depending on the number of clients and required features. A custom plan for large businesses is also available. Periodically, the company offers discount promotions, providing up to 50% off the regular cost.

While FreshBooks' costs and plans are similar to those of QuickBooks, which offers more features and functionality, FreshBooks stands out due to its ease of use and superior customer support, making it a worthy QuickBooks alternative for small businesses with basic needs.

Xero: A Comprehensive QuickBooks Alternative for Your Business

Features:

Xero, a popular QuickBooks alternative, offers many similar features with subtle differences in presentation and added conveniences:

  1. User-friendly dashboard: Both Xero and QuickBooks Online provide intuitive dashboards displaying essential data, including cash flow from all banks. Xero's dashboard, however, is more streamlined compared to QuickBooks' sophisticated design.
  2. Bank accounts and reconciliation: Xero's advanced bank reconciliation feature enables downloading large transaction batches for easy matching with your entries, comparable to QuickBooks' functionality.
  3. Reports and customization: While Xero generates reports using the direct method, QuickBooks allows cash flow statement generation using either direct or indirect methods. Xero offers over 50 reports, including cash flow, sales, budgeting, and expenses. You can personalize reports and save favorites for quick access.
  4. Fixed assets management: Xero's fixed assets management feature sets it apart from competitors like QuickBooks. It allows you to record and track assets such as vehicles, hardware, machinery, and office equipment, keeping you informed about your business assets' value.

Plans and Pricing:

Xero is a more budget-friendly option than QuickBooks, with prices ranging from $11 to $62 per month. After a 30-day free trial, you can choose from three pricing tiers based on the number of bills, invoices, and quotes.

In comparison, QuickBooks offers four pricing plans, with additional features and functionality as you upgrade. The plans, however, are more costly, ranging from $25 to $180 per month.

By considering these features and pricing options, you can determine if Xero is the ideal QuickBooks alternative for your business.

Wave Accounting: A Free and Feature-rich QuickBooks Alternative for Small Businesses

Features:

Wave Accounting, a web-based service, provides secure access to your account and features from anywhere. It offers core bookkeeping functionality along with customization options for expanding capabilities.

  1. Invoicing: Wave's standout feature is its invoice customization, allowing you to add your logo and branding. You can choose from various templates or create a new one from scratch.
  2. Transactions: Wave offers comprehensive transaction management on a single page, listing all entries with date, description, and status. Its flexible transaction management tools are unmatched by other free accounting software.
  3. Simple dashboard and operations: Wave's user interface and navigation resemble competitors like QuickBooks. Important sections are displayed through a series of tabs for easy access. The simple and effective dashboard makes it ideal for small businesses, including sole proprietors and freelancers.

Plans and Pricing:

Wave Accounting's primary appeal is its free subscription, covering basic accounting features that other companies, like QuickBooks, charge for.

You can purchase additional features, such as payroll services for $35 per month and $6 per contractor or employee.

By considering these features and pricing options, you can determine if Wave Accounting is the ideal QuickBooks alternative for your small business.

Sage: A Powerful QuickBooks Alternative with Microsoft 365 Integration

Features:

Sage Cloud and Desktop offer a customizable accounting toolset with a variety of features to manage your business. These tools enable payments, invoicing, cash flow management, and account management.

  1. Microsoft 365 integration: This unique feature sets Sage apart from other accounting software. It allows you to view reports in Excel, access contacts in Outlook, and back up files with OneDrive. With your data stored in the cloud, you can access everything using your Microsoft account without installing Sage on your desktop.
  2. User-friendly interface: Like QuickBooks, Sage employs standard navigation conventions for easy use. The main page provides access to all essential links, and new features are continually added.
  3. Records and transactions: Sage offers comprehensive inventory, customer, and vendor record management. It also includes detailed templates for handling sales, bills, quotes, and purchase orders.
  4. Reports and mobile capabilities: While QuickBooks boasts impressive reporting customizability, Sage surpasses it with multiple filter options. The software generates interactive reports, displaying details with a single click on entries. Sage also provides several mobile apps, including one that captures receipt images for automatic data entry.

Plans and Pricing:

Sage's level of service and unrestricted transactions offer better value for the price, despite not being the most affordable solution.

The standard $25/month accounting plan includes features like cash flow forecasting, inventory tools, and unlimited users, which might cost more with providers like QuickBooks.

Sage also offers a $10/month start plan, featuring income and expense account management. Both plans come with a 30-day free trial.

By considering these features and pricing options, you can determine if Sage is the ideal QuickBooks alternative for your business.

Zoho Books: A Feature-rich QuickBooks Alternative for Your Business

Features:

Zoho Books excels in various bookkeeping areas, such as time and project tracking, sales and purchases, and inventory management, often surpassing other software like QuickBooks. It also offers superior help tools, crucial for completing accounting tasks.

  1. User-friendly navigation and help: Zoho Books' clean, intuitive, and attractive interface includes easy-to-navigate side pane links for quick access to Sales, Purchases, Documents, Reports, Dashboard, and Banking. Numerous support tools are available, including forums, FAQs, documentation, and expert contact options via phone, email, and chat.
  2. Impressive reporting: This software generates reports across multiple categories, including sales, purchases, receivables, and payables. It provides advanced filters for report modification and allows scheduling reports by date and time, with email delivery in various formats.
  3. Mobile access: Zoho Books' Android and iOS apps mirror its browser-based version, offering all standard features on a multi-screen dashboard. The app also includes Contact records and other advanced functionalities.

Plans and Pricing:

Zoho Books is a versatile accounting solution suitable for various users. Your business can benefit from its advanced features without the complexities and high costs associated with tools like QuickBooks.

Zoho Books provides a 14-day free trial and three pricing plans based on the number of users, customers, vendors, and features. Prices start at $9 per month, offering value comparable to QuickBooks' $25 Start plan.

By considering these features and pricing options, you can determine if Zoho Books is the ideal QuickBooks alternative for your business.

Each of these software’s are similar to QuickBooks. They don’t all have the same features, but they may be worth checking out if you are on a budget or if you simply don’t like the QuickBooks interface. FreshBooks, particularly is a great alternative and features many of the best features found in the new cloud version of Intuit QuickBooks.

Quicken and AccountEdge Pro: Two More QuickBooks Alternatives to Consider

Quicken

Features:

  1. Comprehensive personal finance management: Quicken offers robust personal finance tracking features, including budgeting, bill reminders, and investment tracking, making it an excellent option for individuals and small businesses.
  2. Mobile apps: Quicken provides mobile apps for Android and iOS, allowing users to access their financial information on the go.
  3. Customizable reports: Generate customized financial reports to track and analyze your finances effectively.

Plans and Pricing:

Quicken offers various pricing plans starting at $34.99 per year for individuals and $89.99 per year for small businesses, making it an affordable QuickBooks alternative.

AccountEdge Pro

Features:

  1. Inventory management: AccountEdge Pro provides advanced inventory management tools to help businesses track and control their inventory effectively.
  2. Payroll management: Manage your payroll in-house with AccountEdge Pro, including tax calculations and reporting.
  3. Multi-user and multi-currency support: AccountEdge Pro allows for multiple users and supports multiple currencies, making it suitable for businesses operating in different countries.

Plans and Pricing:

AccountEdge Pro offers a one-time purchase option starting at $399 for a single-user license, with additional pricing options for multi-user licenses and annual support plans.

By considering the features and pricing of Quicken, Sunrise, and AccountEdge Pro, you can determine the best QuickBooks alternative that suits your specific business needs.

Does Google have something similar to QuickBooks?

Google Sheets is a simple spreadsheet program that allows you to create and manage lists of data. It's easy to use and can be very powerful when paired with other Google products like Forms or Drive. You can also create charts and graphs in any cell with just a few clicks. You can even use formulas to automatically update data in your spreadsheets!

If you want more advanced features like inventory tracking or invoicing, then consider checking out some of the QuickBooks alternatives listed above. Each of these options includes powerful tools that are specifically designed to help business owners manage their bookkeeping and keep track of their business finances.

QuickBooks Alternative: Frequently Asked Questions

Q: What is the best QuickBooks alternative?

A: The ideal QuickBooks alternative depends on your budget, business type, and required features, which may vary for each company. Xero, one of QuickBooks' main competitors, offers many similar features at a lower price point and has gained popularity in the U.S. Your accountant or bookkeeper is likely familiar with both QuickBooks and Xero, so consulting them can help you decide on the best option.

Q: Are there any free QuickBooks alternatives?

A: If QuickBooks is too expensive, several more affordable options are available. Wave Accounting is one of the top free accounting software alternatives. Although not as scalable as QuickBooks, it's suitable for solopreneurs and small businesses with few employees. Wave Accounting offers income and expense tracking, invoicing, basic reports, bank feeds, and unlimited collaborators. However, it doesn't integrate with third-party payroll or point-of-sale systems.

Q: How does QuickBooks compare to its alternatives?

A: For a comprehensive understanding of how QuickBooks Online compares to its competitors, consider reading the following comparison articles:

These resources will help you analyze the major differences between QuickBooks Online and other popular accounting software options to choose the best QuickBooks alternative for your business.

Recommendation

If you want to take charge of your company’s financial data, then LiveFlow is your best accounting plug-in choice. Right now, LiveFlow works solely with QuickBooks Online, but in the future, we plan to extend our services to other accounting software like the alternatives discussed above.

LiveFlow has easy-to-use templates and simplifies the entire process of managing your business accounting processes. So, If you are tired of using complicated accounting software, try LiveFlow today. 

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