QuickBooks Alternative for Small Business
In a world where everyone is searching for quick and productive solutions, that is easy to customize and understand. This is where QuickBooks comes as a solution, it 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 QuickBooks alternative especially designed for small business, their benefits, pricing and much more.
Best QuickBooks Alternative for Small Business
Odoo Accounting
Odoo Accounting is an ERP software that 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.
Benefits
Odoo Customization: Odoo is an open-source enterprise planning solution which helps business to manage their workflow in various aspects like sales, productivity, marketing, finance, studio and many more. Besides a vast number of services to offer there are still a few business firms that feel the need to customize the software to get a more personalized user interface.
Odoo Integration Service: Odoo integration goes hand-in-hand with other modules within its system, allowing them a seamless flow of data among different business functions. which enhances the efficiency for the business operations.
Billing and Invoicing: Odoo provides the billing and invoicing service, with services like accounts receivable (AR), accounts payable (AP), invoicing, bank reconciliation, and financial reporting. The platform also gives the users access to account integration with other business functions, for smooth management of operations make it ideal in billing and invoicing process for any business firm.
Odoo Community Support: Odoo is supported by a team of experienced and learned community of developers who continuously enhance the platform. This approach ensures that the software remains updated for seamless workflow. Besides this Odoo is an ERP software which requires regular update and maintained to decrease the chance of errors in the workflow.
Price
The pricing here is primarily divided into two version:
Odoo Community: The community edition can also be termed as the main edition on which the open- source enterprise software Odoo depends on. The Community Edition of Odoo is completely free of cost.
Odoo Enterprise: The Odoo Enterprise is the paid version to manage your business. This version advanced features to support the workflow of the client. The Enterprise version of Odoo has the two main pricing models:
- Cost Per User: The Enterprise version charges a fixed monthly fee for each user within the framework which keeps on changing with new updates and Odoo versions, the cost is approximately $28 per user per month in USA, with an advertising rate of $24 per user initially for first-one month.
- Cost of Applications/Modules: Businesses can also choose to the plan where they need to pay for specific applications and module in their process, this option allows the user to have a more tailored approach and can also save up the extra cost for the business.
FreshBooks
FreshBooks is software designed to generate clear invoices ideal for new users and a top choice as Mac accounting software. This platform is tailored for freelancers and small and medium-sized businesses with unique features like mobile accessibility, dispatch of professional invoices, and automated functions that saves users sufficient time and money.
Key Features
Provides Automated Clearing House payment processing for better cash flow predictions.
Excellent Project management tools to clear goal setting.
Gives community to support management and strengthen customer relations
Maintain Performance analytics data-driven decisions.
Provides functions for Timesheet management.
Pricing
FreshBooks offers various pricing plans according to the Business venture requirements.
FreshBooks Lite plan - $7.60/month
FreshBooks Plus subscription plan -$13.20/month
FreshBooks Premium FreshBooks -$24/month
One Up
One up is simple and focused retail software that helps the user to keep track of the financial wellbeing of the firm.
Benefits
Mobile Accessibility: 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.
Cost Effective: One up is a Cost-effective software, as it provides a solo plan with a nominal cost.
Price
One up offers a free trial for an initial 30 days for its users.
Whereas there are multiple plans available.
Self-plan: Starts at $9 per month and can be accessed to 1 user with all features availability and no support
Pro-plan: Starts at $19 per month and can be accessed to 2 user with all features availability and no support
Plus-plan: Starts at $29 per month and can be accessed to 3 user with all features availability and one-on-one support
Unlimited plan: Unlimited plan goes up to $169 per month and allows Unlimited users with all features availability and one-on-one support
QuickBooks Online
QuickBooks is a powerful accounting solution which provides specialized features for window and Mac users, QuickBooks also offers Mac Plus that gives a seamless financial management approach tailored for the macOS environment. It also provides a user-friendly interface especially for the small-scale business ventures to track their process efficiently.
Benefits
Provides a wide range of integrations for a smooth workflow.
Gives tracking capabilities for both personal and business finances
Tailored reports for data-driven decisions
Built-in payroll for smooth billing process
QuickBooks Mac Plus provides Mobile application
Price
QuickBooks Online pricing plans involves:
A basic subscription plan for - $15/month
Essentials subscription plan for - $30/month
Subscription plan for large no. of users - $45/month
Subscription plan for Advanced functionalities and enterprise - $100/month
Akaunting
Akaunting is a free online QuickBooks alternative for small businesses. The software helps the user to create real-time invoices and track the expenses, with free and easy online setup.
Benefits
Provides Multi Company support
Supports Client Portal that helps the business to share the transactions and invoices with their clients and accept bulk payments.
Cost effective
Online Accessibility from any device
Price
Akaunting offers various price plan
On-Premise Pricing Plans
- Standard Plan: free of cost
- Premium Plan: $72 per year
- Elite Plan: $144 per year
- Ultimate Plan: $240 per year
Cloud Pricing Plans
- Free Plan: free of cost
- Plus Plan: $36 per month
- Pro Plan: $60 per month
FAQs
What is the best alternative to QuickBooks in India?
- Odoo Accounting
- Zoho Books
- Synder
- Akaunting
Are QuickBooks alternatives as trustworthy as QuickBooks?
QuickBooks alternative like Odoo Accounting is an ERP software that 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.
Are there any free trials available for these QuickBooks alternatives?
Yes, the pricing here is primarily divided into two version Odoo Community: The community edition can also be termed as the main edition on which the open- source enterprise software Odoo depends on. The Community Edition of Odoo is completely free of cost.
What is the best free alternative to QuickBooks?
There can be many options to choose from, but the ideal choice depends on your specific business requirement and size. Some top options include Odoo, Wave, Zoho Books, and FreshBooks.
What kind of support is available with these accounting software options?
Many QuickBooks alternatives like Odoo offer the community edition can also be termed as the main edition on which the open- source enterprise software Odoo depends on. The Community Edition of Odoo is completely free of cost, which therefore reduces the initial investment costs for any client, Also the migration and integration of data can be easily done without adding up to that extra cost. The Odoo community edition do not require any license to use, and the user can easy download it on the given serves with a complete control over the ERP system, which adds up to its benefits.
