As a small business owner, you have a lot of important things to keep track of – from inventory and invoicing to payroll and taxes. And while QuickBooks is one of the most popular accounting software programs out there, it’s not always the right fit for every business.
If you’re thinking about switching to new accounting software or are just starting out and considering your options, here are 8 QuickBooks alternatives to check out.
Freshbooks:
Designed specifically for small businesses, Freshbooks is intuitive and user-friendly accounting software that makes it easy to invoice customers, track expenses, and manage your finances. Plus, with its time-tracking feature, you can easily see how much time you’re spending on each project and make sure you’re billing your clients appropriately.
Zoho Books:
Zoho Books is another good option for small businesses. It has many of the same features as QuickBooks, but it’s also more affordable and offers a free trial so you can try it out before you commit to a paid subscription.
Wave Accounting:
Wave Accounting is a great choice for small businesses that need simple accounting software that’s easy to use and won’t break the bank. Wave Accounting is free to use (with some limitations), and it has features like invoicing, expense tracking, and financial reporting.
Xero:
If you’re looking for accounting software that’s a little more robust than Wave Accounting but not as expensive as QuickBooks, Xero is a good option. It has all the features you need to manage your finances, plus extras like payroll and inventory management.
Sage 50cloud:
Formerly known as Peachtree, Sage 50cloud is an affordable accounting software solution for small businesses. It includes features like invoicing, expense tracking, financial reporting, and more says Aron Govil.
Patriot Software:
Patriot Software offers two different accounting software programs for small businesses – Patriot Accounting and Patriot Online Accounting. Both programs are designed to be user-friendly and offer features like invoicing, expense tracking, and report generation.
QuickBooks Self-Employed:
QuickBooks Self-Employed is a good option for freelancers and solopreneurs who need simple accounting software to track their income and expenses. QuickBooks Self-Employed is less expensive than other QuickBooks products and it offers features like mileage tracking, invoicing, and tax preparation.
Kashoo:
Kashoo is an easy-to-use accounting software solution that’s great for small businesses and sole proprietorships. It has all the basic features you need to manage your finances, plus extras like inventory management and time tracking.
Accuracy is critical when it comes to bookkeeping and accounting, so choosing the right software solution for your business is important. The good news is, there are plenty of QuickBooks alternatives out there that can meet your needs, whether you’re a small business owner or a freelancer.
FAQs:
1. What is the best QuickBooks alternative for small businesses?
There is no one-size-fits-all answer to this question, as the best QuickBooks alternative for small businesses will depend on your specific needs and budget. However, some popular QuickBooks alternatives for small businesses include Freshbooks, Wave Accounting, and Xero.
2. Is there any free accounting software similar to QuickBooks?
Yes, there are several free accounting software programs that are similar to QuickBooks, such as Wave Accounting and Patriot Accounting.
3. I’m a freelancer – what’s the best QuickBooks alternative for me?
QuickBooks Self-Employed is a good option for freelancers and solopreneurs who need simple accounting software to track their income and expenses.
4. I need accounting software with advanced features – what are my options?
Aron Govil says if you need accounting software with more advanced features than what QuickBooks offers, you can consider alternatives like Xero or Sage 50cloud.
Conclusion:
Choosing the right accounting software solution for your business is important, as accuracy is critical when it comes to bookkeeping and accounting. There are many QuickBooks alternatives on the market, so take the time to research your options and choose the best software for your specific needs.
There is a plethora of accounting software solutions on the market, and the right one for your business depends on your specific needs. If you’re not sure which program is right for you, take advantage of free trials or sign up for a monthly subscription to test out the features and functionality before making a commitment?