Top 10 QuickBooks Alternatives (Free/Paid)

Accounting software such as QuickBooks has made it easy to maintain accounts. The benefits of the tool are endless for automating repetitive accounting tasks. Due to drawbacks in QuickBooks, many look for free QuickBooks alternatives. Quickbooks only offers professional customer support or allows generating reports outside of accounting. The application crashes due to an increase in the number of concurrent users. We have listed the top 10 QuickBooks alternatives that you can consider.

These are available for free and paid. You can decide the one that best fits your business and serves the purpose. The other options are best for small entrepreneurs as they offer a simple solution at a cost-effective price.

Top 10 QuickBooks Alternatives

The following are the top 10 free QuickBooks alternatives available:

Zoho Books

Zoho Books – best Quickbooks alternatives

Zoho Books is one of the best Quickbooks alternatives and is a tax-compliant accounting software that allows you to manage account receivables and payables easily. It will enable you to add many tasks and manage projects efficiently. You can also assign projects to employees to work on.

Features

• Track expenses, categorize them, and bill clients.
• Securely import transactions from banks and PayPal accounts.
• The dashboard monitors the cash flow and identifies balance mismatches.
• Retrace transactions with the help of audit trails.

Pros

• Generate customer invoices based on task completion time and fix balance mistakes in projects.
• It is easy to get customizable accounting reports.

Cons

• It won’t be able to track the fixed assets’ details.
• The lowest plan will not have the audit trail.

Pricing

• Standard – 749 INR/month billed annually.
• Professional – 1499 INR/month billed annually.
• Premium – 2999 INR/month billed annually.

Link: https://www.zoho.com/in/books/?showSignupForm=true

Wave

Wave – free QuickBooks alternatives

Wave is the best yet free QuickBooks alternatives, allowing you to handle invoices, investments, and transactions. It is an open-source tool that lets you manage expenses with ease.

Features

• Track the business’s health by connecting to the bank account and credit cards.
• Create invoices instantly and set up the billing process for recurring invoices.
• Help you get the payment within one or two business days.
• It is easy to create and send a lot of professional invoices.

Pros

• Generated invoices will have auto-reminders.
• Transactions you make will be put under different categories.

Cons

• Customer support offered by the tool is also limited.
• No third-party integration is available or cannot be used for in-person card payments.

Pricing

• Starter plan – $0
• Pro plan – $16/month.

Link: https://www.waveapps.com/accounting

FreshBooks

FreshBooks – Free QuickBooks alternatives for small businesses

Freshbooks is the best accounting tool that is used to run businesses with ease and in a secure way. The tool is used by small businesses to collaborate on different projects. It provides reports related to finance for easy understanding.

Features

• One of the Free QuickBooks alternatives for small businesses gives all spendings.
• Creating workflows to keep the amount flowing and organize expenses is easy.
• Create invoices easily and customize the reports with the company logo.
• Easy to integrate all kinds of payments and securely complete them.

Pros

• You can integrate this tool with different other tools to manage accounting tasks.
• Offers you an automated mileage tracking tool that has a user-friendly interface.

Cons

• You need to pay an extra $10 if you are adding a new team member to access this software.
• There is no free version of this tool available for use.

Pricing

• Lite – $7.60/month.
• Plus – $13.20/month.
• Premium – $24.00/month.

Link: https://www.freshbooks.com/

Xero

Xero – Quickbook Alternatives

Xero is the best yet small accounting software that allows you to collaborate with advisors and lets you provide access to your employees to work on it. Using this free version of QuickBooks Desktop, you can send online invoices when online payments are made.

Features

• It is an alternative to QuickBooks for small businesses, making it easy to make payments and track them briskly.
• It lets you view your bills and make payments in batches or at scheduled intervals.
• Manage expenses with the snapshot of receipts and let you claim bills.
• Let you reconcile items from bank statements in bulk.

Pros

• The interface is user-friendly and easy to use and integrates with other tools.
• Allows you to pay customers in different ways.

Cons

• Features like expense claims and projects are only available on the premium plan.
• No time-tracking option is available for the low-tier plan.

Pricing

• Starter – $29/month.
• Standard – $46/month.
• Premium – $62/month.

Link: https://www.xero.com/

Sage 50

Sage – best accounting software

Sage 50 is the best accounting software that allows you to manage expenses and payments easily. It offers a lot of finance management projects with which you can get the transaction history and client details.

Features

• Analyze and manage cash flow and track all your expenses and earnings.
• Automate payments, invoices, and purchase orders and reconcile the accounts.
• Let you create an inventory with ease by assembling all items.
• Automatically clear the payments for the reconciled transactions in the account.

Pros

• Offers in-depth reporting capabilities by having comprehensive data.
• It is easy to upload receipts from this software to your OneDrive, or you can auto-sync them.

Cons

• The setup process takes a lot of time.
• You need to pay for add-ons to track time.

Pricing

• Pro accounting – $595/year.
• Premium accounting – $97/year.
• Quantum Accounting – $1610/year.

Link: https://www.sage.com/en-us/

Netsuite

Netsuite – alternatives to Quickbooks Deskto

Netsuite is the best accounting software from Oracle that offers the business’s financial performance in real-time and is one of the alternatives to Quickbooks Desktop. It also takes care of both account payables and receivables.

Features

• Integrate with customer management, inventory, and financial management.
• A role-based dashboard is available to boost performance and gain insights into inventory margins and profitability ratios.
• Automate all tasks that are recurring, like data collection.
• Billing management capabilities integrate sales and finance teams for managing customers.

Pros

• Best software with ledger capabilities to prepare ledger in no time.
• It is easy to manage fixed assets as well as payments.

Cons

• The tool could be better used by small businesses.
• An additional fee must be paid to complete the setup process.

Pricing – Contact sales for details.

Link: https://www.netsuite.com/portal/in/home.shtml

Melio

Melio – free QuickBooks alternatives

Melio is one of the web-based yet free QuickBooks alternatives that lets businesses quickly pay bills. It becomes easier for you to make bank transfers and credit card payments.

Features

• You can integrate various tools with this to make the bookkeeping process easier.
• Let us share the accounts with the teams and let you set roles for payment permissions.
• Upload the receipt captured on your phone or manually enter the details.
• You can split bills and create multiple invoices for different people.

Pros

• There is no transaction fee charged to recipients.
• You can make different types of payments at a time.

Cons

• It allows you to make payments to companies in the US.
• You will have to pay the processing fee for credit card payments.

Pricing

• Free
• For every service, it charges $1.50

Link: https://meliopayments.com/

Neat

Neat – alternative to QuickBooks online

Neat is exclusively for small businesses to maintain their accounts. It’s one of the best accounting software that is an alternative to QuickBooks online and is used to boost efficiency and reduce the fuss of making payments online.

Features

• OCR software extracts data from the paper.
• Keep all transactions, such as bank transactions, invoices, and paper receipts, in one place.
• Offer data such as cash balance, total sales, and expenses.
• Easy to access documents that will need you to review and save reports.

Pros

• Offer customer support to answer all your queries in no time.
• It is easy to install and has an interface to do accounting tasks.

Cons

• It is expensive when compared to the other tools.
• Credit card information is required to avail a free trial.

Pricing: $200/year.

Link: https://www.neat.com/

Patriot Software

Patroit – free QuickBooks alternatives

Patriot software is the best accounting software that is used in small businesses. It lets you run payroll if your device is connected to the internet. It also uses encryption techniques to keep bank details highly safe and secure.

Features

• Track all payments made by customers with ease.
• Assign departments to make vendor payments and prepare invoices for customers.
• Setting up recurring invoices and sending estimates like invoice payment reminders is easy.
• Customize the templates for invoices and let you manage receipts with ease.

Pros

• Create and print a lot of forms, especially 1099 and 1096.
• Out of all free QuickBooks alternatives, it provides you with payroll flexibility.

Cons

• It is not easy for you to customize reports.
• Limited to third-party integrations with this software.

Pricing

• Silver (Accounting premium) – $28.50/month/client.
• Gold – $27.00 /month/client.
• Platinum- $25.50 /month/client.
• Diamond – $24.00 /month/client.

Link: https://www.patriotsoftware.com/

Kiwili

Kiwili – free QuickBooks alternatives

Kiwili is the best accounting software for freelancers and small businesses to manage expenses. Using this, you can see the amount of taxes you have collected.

Features

• Import the work into a single invoice and customize this by adding the company logo.
• Generate all accounting documents with a single click, prepare journal entries, and do reconciliation easily.
• Manage all the expenses and include all of them in the accounting report.
• Do time tracking and cash flow and generate reports.

Pros

• Kiwili comes with a free trial to try out the features and use them only if they meet the business needs.
• Store and share accounting files online, and it is easy to create accounting documents.

Cons

• It does not offer quick customer support to resolve issues.
• It has only a few accounting features that may need to be more suitable for big companies.

Pricing

• Invoicing – $16/month.
• Retail – $24/month.
• Projects – $32/month.
• Premium – $40/month.

Link: https://www.kiwili.com/

Conclusion

The best free QuickBooks alternatives include Zoho Books, Wave, FreshBooks, etc. However, the best alternative depends on the type of business you are running, the budget you have allocated for the accounting software, and the features you want. The right fit varies from business to business.

Xero is a strong contender of Quickbooks and has the same features but is available at a low price. Zoho Books offers seamless integration with CRM to manage finance and customer relationships.

FAQs – Best QuickBooks Alternatives

Which software is better than QuickBooks?

There are many best alternatives to Quickbooks, and a few of them include Xero, Zoho Books, Freshbooks, and so on.

Is there any software that works on similar lines to QuickBooks and is available for free?

Wave accounting is one of the free software, but you cannot scale up like Quickbooks. However, it is one of the free QuickBooks alternatives that is good for freelancers and small businesses with a handful of employees.

What is the cost of QuickBooks?

Different types of products are available with QuickBooks, and every product cost is different. You can get the online version for $30 per month and pay $1340 per year to get the Desktop Enterprise plan.

Can I use Quickbooks for my small business?

Yes, this accounting software has some key features to organize finances. However, it is expensive. Based on your budget, you can buy the plan with this software.

Is it easy to learn using Quickbooks?

No doubt, Quickbooks software is more accessible for everyone to learn. This is the main reason for this to gain huge popularity. The software is intuitive and has access to many tutorials to get acquainted with it.