For many small business owners, the choice between QuickBooks vs FreshBooks is a simple one. The question is, which will get the job done for them better? To decide that, you’ll first need to understand just what QuickBooks and FreshBooks are. You’ll find that both have different features and different functionalities, so you’ll need to make your decision based on your specific business needs.
Both QuickBooks and FreshBooks are excellent accounting software solutions, with very similar functions. Both provide the basic functions of recording sales, purchases, payroll, taxes, and other financial transactions. However, while both programs have access to the same inventory tracking functionality and debit card processing, they do differ in some areas. They each have several unique functions that you should look into when choosing between QuickBooks vs FreshBooks for your small businesses.
Let’s first examine the differences between QuickBooks vs FreshBooks. While both accounting software programs can manage QuickBooks invoicing, the way that they do it may differ. With QuickBooks, you can create custom invoicing and have it printed on demand. With FreshBooks, you have the ability to easily create and print custom invoices. In addition to invoicing, both programs also allow you to set up tracking for inventory, parts/pieces, and materials, and create shipping labels and invoicing for customers.
When comparing QuickBooks vs FreshBooks, it’s important to take a look at the tracking options available. Both programs allow you to track your invoicing and inventory. With QuickBooks, this tracking can be done by using the program’s integrated POE or Point of Purchase system. With FreshBooks, however, you can track your inventory using either QuickBooks Online or the computer program itself. The online system allows you to enter product information directly into the system while the computer application will then produce a visual representation of your inventory.
Perhaps the biggest difference between QuickBooks vs FreshBooks is the integration opportunities. While both accounting software programs have strong customer and vendor support, there are key differences in the support that is provided. For example, with QuickBooks, third party integration opportunities are built right into the program. This means that your QuickBooks file can be imported into the accounting software of your choice, allowing your accounting team to take full advantage of QuickBooks’ integrated functions. On the other hand, with FreshBooks, third party integration is often limited or non-existent.
Some of the key differences between QuickBooks vs FreshBooks revolve around the number of free trial versions that are available. With QuickBooks, you can choose between the Professional, Business, and Consumer editions. With FreshBooks, you only have a free trial version. This trial version offers basic bookkeeping functions and does not include advanced features that are found in the Professional and Business editions of the software. The lack of advanced functionality and the availability of the free trial versions give customers little reason to use either program when it comes to small business accounting.
In addition to the basic accounting capabilities found in both programs, each program also provides different levels of customer support. The cost tracking system of QuickBooks allows businesses to better keep track of costs and over-deliverance and under-deliverment with their sales force. FreshBooks on the other hand, is known for providing excellent customer support. The number of customer support options offered with the program is almost equal to QuickBooks. Many small businesses find that having an independent consultant on hand to handle questions and address issues is very helpful in making their transactions run smoothly. Small businesses also find that having a centralized point of access for tracking expenses, invoices, and payments makes it much easier to make necessary adjustments as their cash flow changes over time.
Both programs can be used successfully by home office employees who manage their own accounting reports. However, in order to get the full benefit of either program, it is important for businesses to understand how they work. Using both programs simultaneously to bring together all of the financial reports that need to be managed will enable your business to spend more efficiently and create better reports and invoicing at the same time. QuickBooks and FreshBooks work well together to help you stay on top of your finances.