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In this post, we will check out the top 10 best QuickBooks alternatives in 2023.
QuickBooks does not need any introduction it powers more than 5 million users globally, however, Quickbooks is not everyone.
It can be costly and can’t be afforded by every kind of business. There is a lack of features like invoice customization and users find it very difficult to use who don’t have prior to accounting knowledge.
QuickBooks is arguably the most favored accounting and invoicing software but it’s not the only one and there are tons of alternatives available.
If you’re assuming an alternative to QuickBooks, there must have a few reasons like price and as a small business, you don’t need to use all tools.
So if you are not satisfied with the price and looking for accounting software for your new business, considered the top 10 accounting software programs mentioned below. Here are the best QuickBooks alternatives for small businesses:-
Table of contents
10 Best QuickBooks Alternatives 2023
FreshBooks is one of the top alternatives for QuickBooks. It provides inventory management in all plans and that too at the lower plans.
With its easy-to-use features and mobile app accessibility, it allows you to run your business from anywhere at any time.
FreshBooks has been featured in numerous publications like Forbes, CNET, CNN, and The New York Times, making it a trusted choice for small business owners.
One of the key features of FreshBooks is its ability to connect with industry-leading apps such as G-Suite, Shopify, and Gusto, which makes it easier for you to manage your accounting processes.
The software provides invoicing tools that enable you to create professional invoices and help to save time by automatically updating your expenses.
FreshBooks is not only accounting software but also project management and team collaboration software, allowing you to manage your business efficiently.
Additionally, FreshBooks offers excellent customer support with quick service, making it a reliable choice for your accounting needs. Freshbooks is number 1 in our list of 10 best QuickBooks alternatives in 2023.
Features are as follows:-
- Accounting: Assure accuracy, prove compliance, organize easy-to-comprehend financial reports, make wise choices for your business, and efficiently work with your accountant.
- Expenses: FreshBooks expense tracker assembles tracking business expenses really easily. You’ll get an idea of what you’re spending and how profitable you are.
- Invoicing: FreshBooks makes small business invoicing and billing so simple
- Reports: FreshBooks makes it easy to understand how your business is performing With a clean dashboard and reports.
Freshbooks Limited Time Offer:-
- Lite: $4.50 per month.
- Plus: $7.50 per month.
- Premium: $15 per month.
Xero stands out tall when it comes to accounting software. It’s one of the most used accounting software and is well known for its minimalist, simple design.
Xero allows you to connect with over 700 smart business apps, making it a versatile choice for businesses.
Xero offers easy and professional invoicing features that support multiple currencies and hourly exchange rate updates.
The software also allows easy integration with over 700 third-party apps and attachments to any file in Xero, making it easier to claim expenses.
The inventory tracking feature in Xero helps businesses to increase their inventory time and work efficiently with the Android and iOS mobile apps.
The software keeps accurate records and tracks your business life with easy-to-read charts, up-to-date figures, and automatic categorization.
Additionally, Xero offers payroll features with Gusto, bank connections, bank reconciliations, reporting, contacts lists, a business performance dashboard, and much more.
Xero is one of our best accounting software that has identical features to QuickBooks which too at a lower price while allowing unlimited users. Xero is number 2 in our list of 10 best QuickBooks alternatives in 2023.
Xero includes many top features and all features are much more affordable than QuickBooks, some of the top features of Xero are:-
- Bank reconciliation: Keep your financials up to date. Organize and reconcile bank account transactions each day using proposed matches.
- Pay bills: Track and pay bills on time and also get a precise overview of accounts payable and cash flow.
- Invoicing: Send online invoices from the desktop or app as soon as the job is done.
- Bank connections: Connect your bank to Xero and set up bank feeds. Transactions pour securely directly into Xero each business day.
- Payroll with Gusto: Use Gusto payroll software to compute pay and deductions, pay employees, and update the Xero accounts.
- Inventory: Keep track of what’s in stock with inventory software. Populate invoices and orders with items you buy and sell.
- Early: $12 per month.
- Growing: $34 per month.
- Established: $65 per month.
3 Square Invoices
Square is one of the best business tools with bunches of features fit for any business. The platform comes with a clean interface and shows a breakdown of your sales and delivers the best solution for your business.
It also has the function of an offline payment feature, which let you transfer money even if you are offline.
Square offers an inexpensive fee structure that is suitable for most small businesses. Square services come in four categories and those are as follows:-
Square POS is a free feature that helps you with online payment processing, sales reports, inventory tracking, digital receipts, eCommerce, analytics, and more.
Square Appointments are free for individuals, $50 per month for businesses with two to five employees, and $90 per month with six to 10 employees.
Square for Restaurants
Square for Restaurants offers a free version that backs unlimited devices and locations. Square for Restaurants, which is a complete cloud-based point-of-sale system, is a useful option for quick-service restaurants.
It comes up with three plans that include Free, Plus, and Premium. Paid plans start at $60 for each location.
Square for Retail
Square for Retail also has a potent free version. This app contains a vast variety of retail functions like vendor and purchase management.
Square for retail also has three plans: Free, Plus, and Premium. Paid plans start at $60 for the first location and $40 for the succeeding locations.
Square also had some added functionalities which are as follows:-
- Team management
4 Wave Accounting
Wave Accounting does not need any introduction in this list. Wave delivers a ton of basic features without having expensive add-ons.
It is a great tool for modernizing small business trends and fostering a highly constructive community.
Wave provides easy and intuitive software that is designed with small business owners in mind, avoiding jargon and complexity.
The software offers powerful accounting with a simple dashboard, accountant-friendly software, and unlimited bank and credit card connections.
The software allows you to create professional and customizable templates for free, saving you time and effort. Additionally, Wave creates invoices quickly, supports recurring billing, and helps you get paid faster.
The mobile apps for iOS and Android also allow you to invoice on the go and run your business from anywhere.
Wave’s powerful features and easy-to-use interface make it an excellent choice for small businesses looking for free accounting software.
It’s an affordable and reliable option for businesses that need to manage their finances without breaking the bank.
Some of the top features include expense tracking, receipt scanning, accounting reports, and invoicing.
Wave Accounting features are as follows:-
- Invoicing: Wave’s invoice software rescues your time, gets you paid and completes managing customer data stress-free.
- Accounting: Wave tracks your income and expenses without any hassle
- Payments: Payments allow you to get paid fast by bank deposit, credit card, and Apple Pay.
- Payroll: The effortless way to pay employees, contractors, and yourself.
Plans and pricing
Wave Accounting comes with a free subscription that shields all the basic accounting features however for additional features like payroll services you have to pay $35 per month.
5 Sage 50Cloud
Sage 50cloud really does a great job and has all the features, comfort, and ease of use to manage your business. To features include Manage accounting, invoicing, cash flow, inventory, and taxes.
Sage 50cloud is a more suitable option for businesses with more complex inventory needs, such as manufacturing businesses, or service-based businesses.
You must remember Sage 50cloud is a desktop software that operates only on Windows, that’s why it’s completely different from cloud-based software.
Plans and pricing
Sage 50cloud helps new users to save 40% for the first year. The plans are as follows for new customers:- Sage 50cloud is number 5 in our list of 10 best QuickBooks alternatives in 2023.
- Pro Accounting: $33.00 per month for one user.
- Premium Accounting: $55.00 for 1 to 5 users.
- Quantum Accounting: $91.00 for 1 to 40 users.
6 Zoho Books
Zoho Books is another top-class QuickBooks alternative that provides a complete invoice suite and accounting software.
It enables business owners to manage their finances and workflows and work collaboratively across different departments from anywhere.
With Zoho Books, you can easily keep track of receivables, create estimates for customers, convert them to invoices, and receive online payments.
The software also ensures that your business stays sales tax compliant by providing tax-compliant transactions, automatic tax calculations, tax payments, and reconciliation.
In addition, Zoho Books helps you stay on top of your purchases by enabling you to create and send purchase orders, upload expense receipts, and track payments.
It also allows you to manage all your contacts in one place for faster and smoother communication.
With more than 50 different business reports such as profit and loss statements, inventory summaries, sales tax reports, and more, Zoho Books provides everything you need to run your business smoothly.
It’s an excellent choice for businesses looking for comprehensive accounting software that can manage all aspects of their business.
Zoho Books comes with a lot of features, some of them are as follows:-
- Automated workflows
- Bank reconciliation
- Custom invoices
- Expense tracking
- Recurring transactions
- Sales approval
- The free plan includes up to 1000 invoices per month
- Standard: $15 per month.
- Professional: $40 per month.
- Premium: $60 per month.
Invoice Ninja is completely free and open-source software targeted at small businesses. This software can be customized to suit your unique business needs.
Invoice Ninja has 40+ payment gateways, exemplary customer support, powerful invoicing, and a free pricing option.
- The free plan includes 20 clients and unlimited invoices
- Pro: $10 per month.
- Enterprise: $14 per month.
INVOICE NINJA FEATURES
- Automated workflows
- Bank reconciliation
- Custom invoices
- Expense tracking
- Recurring transactions
- Sales approval
Sunrise by Lendio is free accounting software that also comes with paid plans. With the free plan, you can manage income and expenses, and send invoices and quotes in a seamless manner.
It is an ideal software for freelancers and sole proprietors. It proposes a wide range of features, including invoicing, billing, financial reporting, and payroll integration with Gusto.
Sunrise is used to causing business transactions more manageable. Its amazing software offers a more pleasing way of accepting payments, streamlining billing, and handling your database.
Some of the top features are as follows:-
- Unlimited bank accounts: You can add numerous bank accounts and credit cards operated in your business. These links can facilitate and speed up the recording of expenses and deposits.
- Sales tax tracking: Sunrise offers a convenient way to track sales tax.
- Mobile app: Sunrise’s mobile app includes basic features like sending invoices, capturing receipts, documenting payments, and organizing bank feed transactions.
Bonsai is one of the best alternatives to Quickbooks and a single product for all kinds of accounting needs.
The software can automatically connect with your bank account and sort your expenses into categories, making it easier to keep track of your finances.
Bonsai is also excellent at estimating your tax obligations and sending you reminders to ensure that you don’t miss any deadlines.
In addition, the software offers features such as profit and loss tracking, as well as comprehensive financial reporting. Overall, Bonsai is an affordable and user-friendly accounting tool that can help freelancers manage their finances more efficiently.
Bonsai’s starter plan costs $24/month with unlimited clients and projects, invoice & payment, expense tracking, and time and task tracking.
The professional plan starts at $39/month and comes with custom branding, workflow automation, and zapier integration. It is the most popular plan of Bonsai which has everything a business needs to thrive.
Bonsai also has a Business plan which starts at $79/ month which is the perfect package for agencies. Bonsai is number 9 in our list of 10 best QuickBooks alternatives in 2023.
Last but not least is FreeAgent which is an accounting software created especially for small-business owners.
The top features of FreeAgent are:-
- Time Tracking
The pricing of FreeAgent starts with $12 /month for 6 months, then just $24 /month. The plan has everything you’ll need from accounting software.
FreeAgent has a clean dashboard that presents you with a real-time view of your cash flow. FreeAgent is number 10 in our list of 10 best QuickBooks alternatives in 2023.
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