Nowadays, people seek time-saving and easy-to-use accounting software with integration APIs, time and expense, and workflow capability. QuickBooks is one of the market’s most famous, easy-to-use, and entry-level accounting software. It is the most popular small business accounting software option today, with more than 3 million subscribers. It can handle a good chunk of your daily accounting tasks but has some limitations, which can pose problems for you.
If you want to find software other than QuickBooks, no matter the reason, we have got you covered in this article. This article has made a list of software that rivals QuickBooks in terms of features, interface, and value for money. We have provided all the reasons why you should choose each software, including QuickBooks. In this way, you will have all the information required for comparing the software. Hopefully, after reading this article, you will find the best software for your business.
In today’s digital age, accounting processes are getting increasingly more complex each day. Moreover, the customers’ expectations are also getting higher from their accountants.
Top alternatives to QuickBooks as accounting software and their key benefits:
FreshBooks
It is one of the best and award-winning software in the accounting sector. According to the experts, FreshBooks can turn complex financial management into a smooth and straightforward experience. They also offer a free trial, so if you want to check the features yourself, you can try them out. You can use this time to check if this software matches your business needs.
This software allows the business owner to manage invoices and track and collect payments from a single platform. It works and collects payments smoothly from payment gateways like PayPal, Google Checkout, major credit cards, and many business applications. It gives you complete financial control without maintaining a complex manual system.
It also makes paying bills easier as it becomes easier to track invoices and pay any due amount. Moreover, you can set automated overdue payment notices to remind the clients of their scheduled payments. It is best for freelancers and sole proprietors as they can set it up quickly.
Wave Accounting
If you are on a tight budget but still want to use software, Wave Accounting is the best choice. It is free cloud-based accounting software. It is best suited for freelancers, sole proprietors, and small businesses that need all the accounting software features like double-entry accounting, purchases, banking, and decent reporting but don’t have the budget to pay for software. Wave is best for businesses that offer services rather than products, as it does not provide management capability and inventory tracking.
NetSuite ERP
It covers many business processes, such as vendor management and purchasing, fixed asset management, and warehouse management. It helps to streamline different business operations from a single platform. It is enterprise resource planning software that helps to grow mid-sized companies and large enterprises.
Sage 50Cloud Accounting
It is a hybrid application that offers the reliability of desktop applications with remote access options. It is best suited for small businesses and the more tech-savvy.
This software has many good features, including good customer management, sales tracking, a sound inventory management module, and purchase orders.
It offers two payroll options: Essential payroll for up to 15 employees and Full-Service payroll, which suits large businesses.
One of the best benefits it offers for small businesses is its scalability. It has three plans available. Sage 50cloud Pro accounting is a single system user that runs $340 per year. Sage 50cloud Premium accounting supports up to five users and ten companies and costs $510 per year. Sage 50cloud Quantum accounting supports up to 40 system users and costs $842 per year. It also includes vendor payment and bank feeds. They also offer customized reports in a variety of categories.
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