Free QuickBooks Alternative for Small Business
QuickBooks is an accounting software especially designed for small scale business firms to organize their workflow and finances, there are tons of users who use the software to keep a general track of their different financial utilities like invoices generation, cashflow management and customer data as QuickBooks gives a real-time and up-to-date version of their financial landscape.
Despite these various features there are firms who are continuously seeking for more options that can fulfill the need of their small business under a budget, in this blog we will read about few Free QuickBooks alternative for small business, their benefits, challenges and much more.
Functions we should consider
When a user is searching for an alternative to QuickBooks there are few functionalities they must look for
Easy to Understand
The interface of any chosen accounting software should be easy to understand, especially for the users who don’t have a former knowledge about accounting as lack of these feature leads to ineffectiveness.
Cost Concerns
The accounting software should have a variety of plans with different benefits to offer, as this feature will benefit the user to choose the one which suits them the best also it allows the user to cut down on additional cost for payroll and software integration.
Customization Needs
The software must have the option to customize the modules, functions according to the client needs, although it is not always that a business needs a complex and high customized workflow there are still business firms that need simple solutions that align with their vision or require experts who can make few minor changes in their current processing.
Free QuickBooks Alternative for Small Business
When it comes to looking for an alternative to QuickBooks, there are various options available in the market that gives a great management system under a budget, let us explore few of them
Odoo
The first one in the list must be Odoo ERP software which gives the user the liberty to maintain accounts, finance, generate invoice, track the expense and maintain the payroll system and much more. Also, the software has a more comprehensive range of features to offer which can be customized according to the client’s needs and requirement.
Pros:
Proves a Complete Suite: Odoo integrates smoothly with various other business applications, such as HR, accounting, CRM, etc.
Highly Customized: Odoo is an ERP solution software that can be easily customized according to your business needs.
Real-Time Response: Odoo provides real-time analytics and detailed business reports which is automated.
Cons:
Complex Initial Setup and Configuration: Setting up Odoo Accounting for beginners or as an Initial Setup can be challenging at times as it requires time and technical expertise
Synder
Synder is one of the popular financial platform that allows the user to manage their cash flow from various websites, which helps the user to spread their business on a larger scale with utmost scalability.
Key Features
Provides Synder Sync: Synder gives access to tools that connect various online sales channels and payment gateways, with the current workflows allowing the firms to have an organized financial data within various accounting software’s. the software also two synchronization modes:
- Per Transaction sync for data
- Summary Sync for simplified journal entries.
Synder Insights: Synder Insights is a feature that helps businesses in understanding the key metrics of the current workflow which includes product performance, customer lifetime value, and transaction fees.
Automated Bookkeeping: Through, synder the user can automate various accounting tasks like invoice, HR, payroll, etc. to make the processing easy and effective.
Pros:
Fit for eCommerce platforms like wix, shopify and other SaaS businesses.
Provides automated functions with multi- currencies function that makes it apt for business dealing with international market.
Synder has a strong 24-hour support for its users.
Cons:
No Approachability of Application: The software has online accessibility only, which makes it difficult for the user to monitor.
Limited Payroll Features: Synder Lacks built-in payroll features and does not support an integrated payroll feature. Through which the Users cannot directly manage payroll within the platform.
One Up
One up is simple and focused retail software that helps the user to keep track of the financial wellbeing of the firm.
Key Features
Mobile Access: One up can be easily accessed with mobile applications for both iOS and Android, thus making it easy for the user to access their finances on-the-go.
CRM Integration: Customer relationship management integration function provided by One up helps in enhancing the customer management and streamlining sales processes.
Bank Connectivity: One up can integrate multiple banks for a smoothy transactions with functions like bill payments, vendor payment tracking, and much more.
Pros:
Especially designed for small scale retailers, to manage inventory, invoice tracking, and other functionalities.
Provides mobile access with easy-to-use interface
One up is a Cost-effective software, as it provides a solo plan with a nominal cost
Cons:
Lacks a Few Basic Features: the One up software has a limited number of features and does not have access to time tracking, payroll, or advanced reporting.
Complex: The software gets messy/complex when accessed by multiple users at the same time.
Zoho Books
Zoho Books is part of the Zoho suite that offers a free plan for businesses with an ample set of accounting features.
Key Features
Automated Workflows: Zoho Books offers a complete suite of Automated invoicing, payment reminders, invoice generation and much more.
Tracking: With the help of Zoho Books the user can Easily track expenses within and outside the business venture.
Bank Connectivity: Zoho books can integrate multiple banks for a smoothy transactions.
Pros:
Integration: Zoho books offer seamless integration among different Zoho applications, to enhance the software functionality.
Simple interface: The software is easy to operate.
24/7 Customer Support: Zoho gives inclusive customer support and service with a live chat option.
Cons:
Plan Limitations: The free plan offered by Zoho has restrictions on varies aspects such as number of users and features are limited and can only be accessed with subscription.
What are the Factors to Consider While Choosing an Alternative
While making a choice between QuickBooks or its alternatives, these are some of the factors that one should:
Requirement and Business Size: Every software is designed for different targeted users as some of them are better for small scale firm while some may be only applicable for little modification and are usually used by freelancers.
Ease to Use:One should always Choose the software that has an easy-to-understand interface.
Support and Community Service: Look for software 24/7 support service and the ones with extensive community which helps in understanding and maintaining the workflow well.
FAQs
What are the advantages of using One Up?
One up is simple and focused retail software that helps the user to keep track of the financial wellbeing of the firm.
Pros:
- Especially designed for small scale retailers, to manage inventory, invoice tracking, and other functionalities.
- Provides mobile access with easy-to-use interface
- One up is a Cost-effective software, as it provides a solo plan with a nominal cost
What are the Functions we should consider before looking at ERP accounting software’s?
When a user is searching for an alternative to QuickBooks or generally searching for a best ERP accounting software’s there are few functionalities they must look for
- Easy to Understand: the interface of any chosen accounting software should be easy to understand, especially for the users who don’t have a former knowledge of accounting as lack of these feature leads to ineffectiveness.
- Cost Concerns: The accounting software should have a variety of plans with different benefits to offer, as this feature will benefit the user to choose the one which suits them the best also it allows the user to cut down on additional cost for payroll and software integration.
- Customization Needs: The software must have the option to customize the modules, functions according to the client needs, although it is not always that a business needs a complex and high customized workflow there are still business firms that need simple solutions that align with their vision or require experts who can make few minor changes in their current processing.
What is Synder and its features?
Synder is one of the popular financial platform that allows the user to manage their cash flow from various websites, which helps the user to spread their business on a larger scale with utmost scalability.
Key Features
- Provides Synder Sync: Synder gives access to tools that connect various online sales channels and payment gateways, with the current workflows allowing the firms to have an organized financial data within various accounting software’s. The software also has two synchronization modes: Per Transaction sync for data and Summary Sync for simplified journal entries.
- Synder Insights: Synder Insights is a feature that helps businesses in understanding the key metrics of the current workflow which includes product performance, customer lifetime value, and transaction fees.
- Automated Bookkeeping: through, synder the user can automate various accounting tasks like invoice, HR, payroll, etc. to make the processing easy and effective.
What are the top 5 Free QuickBooks alternative for small business?
- Odoo
- Synder
- Zoho Books
- Wave
- One Up
What is Odoo accounting?
The first one in the list must be Odoo ERP software which gives the user the liberty to maintain accounts, finance, generate invoice, track the expense and maintain the payroll system and much more. Also, the software has a more comprehensive range of features to offer which can be customized according to the client’s needs and requirement. Odoo Accounting is an open source, versatile accounting software that comes under Odoo free community version which helps business to conduct accounting features and develop modules accordingly.
What is QuickBooks?
QuickBooks is a trusted name especially for small business firms due to its user-friendly interface and smooth support services. QuickBooks is a software especially designed for keeping track of income and expenses within a small-scale business, this software is available on cloud and desktop making it easy for the user to work, it also works as a Customer-Oriented software.
