Proliferation in network and internet connectivity coupled with advancements in cloud technology has led to the start of a new era in accounting. Businesses are increasingly looking to leverage the technologies to consolidate their position in the competitive market landscape. Quickbooks by Intuit has remained at the helm of the development with the company constantly evolving in order to meet the changing demands of small and mid-sized businesses. However, you may find yourself wondering whether the accounting solution is really what is required for your business. With an assortment of features, Quickbooks is definitely one of the best bookkeeping software in the market, but small-businesses often find themselves in possession of excessive features which they do not necessarily require.
In order to help you figure a way around it, we have compiled a list of some of the best free and paid Quickbooks alternatives:
This accounting solution from Zetran is one of the most cost-effective digital bookkeeping software which offers a host of features that are enough to cater to the day-to-day accounting needs of both, small and mid-sized businesses. With features such as multi-currency handling, income and expense management, and an intuitive invoicing system, myBooks offers all the basic accounting functionalities at costs as low as $4.99 per month. In addition, the software is powered by sophisticated analytical and artificial intelligence capabilities which help users in generating in-depth reports. Its enterprise-level data security platforms sensitive business information remains safe and away from the dangers of thefts and breaches.
The vast variety of accounting solutions available in the market is helping business owners develop a better perspective of their bookkeeping needs. Additionally, the intensifying competition in the digital accounting solutions market is benefiting businesses with companies continuously working towards offering sophisticated services at lower costs.
One of the best free Quickbooks alternatives, Wave offers almost all the features you find in the rest of the accounting software. A perfect fit for sole proprietors and small businesses, Wave generates automatic reports by using its income and expense tracking features.
Additionally, the software automatically tracks every transaction made from your enterprises’ bank account and is equipped with the capability of extracting relevant information from scanned receipts. With payroll processing and credit card payments management, the system is well suited for small and mid-sized businesses running on a tight budget. The only shortcoming of the accounting solution is its inability to print bill payment receipts. Nonetheless, Wave is one of the best alternatives to Quickbooks online.
A fully cloud-based platform the accounting solution does not require any installation and configuration. Additionally, its user-friendly interface makes it incredibly easy to operate. The flexibility of the cloud allows users to access business data from anywhere without the limiting factor of the information being restricted to a single location. Apart from the basic income and expense tracking, the accounting solution helps businesses maintain job estimates and manage credit card payments and invoicing. Being a fully mobile platform, FreshBooks gives its users the liberty to link it to multiple devices. With the option of a 30-day trial, you can opt for a hands-on experience of the accounting solution to make an informed decision.