FreshBooks

FreshBooks describes itself as “an online accounting system for non-accountants.” Its intuitiveness is one of its most complimented features. With robust time tracking and invoicing capabilities, it’s ideal for service-based businesses – freelancers, solopreneurs and other small businesses with one owner. Pricing also makes it a great option for many small companies.

Of course, there are cons. Every software has them. For FreshBooks, critics point out the extra cost for adding team members and the lack of customization. And most agree that FreshBooks is not designed for large companies.

QuickBooks  

QuickBooks touts both a web-based and desktop version and is a great accounting tool for product-based businesses. Because of its detailed reports, growing companies often choose QuickBooks. It also connects with over 600 other applications.

As for disadvantages, QuickBooks’s pricing is one. Smaller companies may find it a steep entry. Also, QuickBooks does not offer time tracking; this requires users to employ a third-party app to do so.

Considerations for Decision Making

Still not sure which one is best for your business? Consider the important questions below. They’re often deciding factors between FreshBooks and QuickBooks.

How many people in your company will be using the accounting software?  

Is your company strictly a service-based business?  

Is your company located in an area with poor or unsteady internet service, making a desktop version imperative?

Do you use third-party apps? If so, do they easily interface with FreshBooks or QuickBooks?

Do You Still Have Questions?

We at Morgan & Associates work with a variety of clients – small businesses, big businesses, for profits, nonprofits, solopreneurs, etc. And in doing so, we’ve also worked with lots of accounting software. We know how FreshBooks and QuickBooks can help (and sometimes hinder) companies. Let us assist you if you’re unsure of which accounting software is best