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QuickBooks – 5 Best QuickBooks Alternatives in 2021 (Free & Paid)

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Most of us are familiar with QuickBooks accounting software, which has risen in popularity in the global business industry. Many business owners and entrepreneurs rely heavily on QuickBooks to keep track of their finances.

Their reliance on Quickbooks software is due to several factors. It’s easy to use, has a lot of accounting experience, and handles the revenue and expenditures at a reasonable price, to name a few factors.

What is QuickBooks?

QuickBooks accounting software was released by intuit after their Quicken accounting software, also known as Personal Financial Management Application.

It was designed exclusively for small and midsize companies to help them save time and improve productivity. QuickBooks customers have access to both on-premises and cloud-based services.  

Best QuickBooks alternatives

Although QuickBooks is great for keeping track of your everyday transactions and workflows, it isn’t built for high-end accounting. However, it remains a fantastic, simple-to-use tool that is possibly the best choice for small and mid-sized companies.

Oracle NetSuite

Oracle NetSuite is a cloud-based financial management system. It will provide you with full real-time insight into a business’s financial results, from the consolidated level to individual transactions.

It integrates seamlessly with all NetSuite order management, inventory, CRM, and e-commerce features, helping you streamline your vital business processes.

Features                                                                                                                  

  • Billing management capabilities in Oracle NetSuite will combine the sales, finance, and fulfilment teams. This would increase accuracy and reduce billing mistakes.
  • It has Revenue Recognition monitoring features to ensure that financial statements are published on a schedule and comply with accounting standards.
  • It offers user-friendly planning, budgeting, and forecasting solutions that will minimise cycle times, involve business users, and enhance the planning process.

FreshBooks                                               

FreshBooks is an all-in-one best accounting software that makes it easy, fast, and safe to run a business. It would be best to spend less time on accounting and more time on your personal job with FreshBooks.

Every small business owner recommends this software, published in Forbes, The New York Times, CNN, CNET, Mashable, TechCrunch, and other publications.

FreshBooks also provides discounts for the first few months of operations. Their standard, non-discounted monthly subscription begins at $15.00 a month.

Features  

  • With FreshBooks mobile apps, you can run your business from anywhere. No matter where you are, you can complete any project.
  • The best part is that you can combine G-Suite, Shopify, Gusto, and other industry-leading applications for accounting convenience.
  • FreshBooks provides excellent and prompt customer service and is extremely beneficial to every customer.
  • FreshBooks is a time-saving invoicing programme that allows you to build professional invoices for your business.

Wave

Wave is an excellent bookkeeping software that is available to an infinite number of users at no cost. It’s easier to use than QuickBooks, even though it doesn’t have as many specifications. 

Wave, like QuickBooks, has built-in credit card processing and payroll, which can be added for a fee. Wave’s bookkeeping software is always free, so link your bank account and check out the features to see if it’s good for you.

Features

  • Free cloud-based software.
  • Without a third-party integration, payroll and credit card processing may be added.
  • It’s more user-friendly than QuickBooks Online.

Bill.com

Bill.com is a smart bill payment system with advanced AP and AR automation functionality. It also accepts new payment types such as ACH, Virtual Cards, and foreign wire transfers. Machine learning powers the app, which has features that reduce human error and ultimately save time.

Features

  • Bill.com has features that allow you to automate your payments from beginning to end. You can connect your payment accounts and accounting software to one location for this automation.
  • It has features such as duplicate detection.
  • It has data entry specifications that are automated.

ZipBooks

ZipBooks has a dashboard that shows your financial results, fast stats, business health ratings, and other information in an excellent and clean interface. ZipBooks is a short, beautiful, and powerful app that gives you the tools to boost your productivity and make you smarter.

Features

  • By leaving feedback from your best customers on ZipBooks, you can build your online presence and attract more customers.
  • Quick insights and reports, for example, will help you target your future customers and get paid more.
  • Create and submit professional invoices to your clients and get paid quickly with multiple payment options, auto-billing, and payment reminders.

Winding-up

Money is a serious matter. When Quickbooks isn’t doing it for your business, it’s time to look for the best Quickbooks alternatives to handle invoicing, bookkeeping, and other cash-flow issues.

You might find an alternative software that meets your needs better, depending on your budget and desired features, and you can find an accountant in Canary Wharf who can help you in guiding the best software available.

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Christopher Stern
Christopher Stern is a Washington-based reporter. Chris spent many years covering tech policy as a business reporter for renowned publications. He has extensive experience covering Congress, the Federal Communications Commission, the Federal Trade Commission, and other federal agencies. He is a graduate of Middlebury College. Email:[email protected]

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