| Product | FreshBooks | QuickBooks |
|---|---|---|
| Website | Visit FreshBooks | Visit QuickBooks |
| Description | If you’re looking for accounting software that can make your life easier, FreshBooks is a great option. With FreshBooks, you can easily track your income and expenses, create invoices and estimates, and manage your clients and projects. Plus, FreshBooks integrates with other popular business apps so you can automate your workflows. | QuickBooks is an accounting software that helps small businesses manage their finances. It includes features like invoicing, tracking expenses, and creating financial reports. QuickBooks is easy to use and can save time on bookkeeping tasks. |
| Gitnux Rating | Great Product | Great Product |
| Pricing Model | Flat-Rate | Flat-Rate |
| Freemium Available | No | No |
| Pricing Rates | Lite Plus Premium Select | Simple Start Essentials Plus Advanced |
| Could be better | Accounting Features Reporting Features Mobile app | Customer service/Support Mobile and Desktop apps are not in sync Too expensive for small business |
| Key Features | Invoice Customization Time and Expenses tracking Administration | Payment processing Invoice Customization Financial Statements |
| Support | Email/Help Desk FAQs/Forum Knowledge Base Phone Support Chat | Email/Help Desk FAQs/Forum Knowledge Base Phone Support 24/7 (Live Rep) Chat |
| Extended Review | Visit Extended Review | Visit Extended Review |
| Best for | FreshBooks is suitable for freelancers and solopreneurs without any accounting background. | QuickBooks is best for freelancers, independent contractors, small to midsize companies, and businesses with inventory management needs. |
Feature Overview: FreshBooks vs. QuickBooks
| Feature | FreshBooks | QuickBooks |
|---|---|---|
| Time Tracking | YES | YES |
| Expense Tracking | YES | YES |
| Accounting | YES | YES |
| Invoices | YES | YES |
| Reporting | YES | YES |
| Integrations | YES | YES |
Time Tracking
The Time Tracking feature offers insights about how much time was spent on projects, tasks, clients, etc. FreshBooks provides easy and automatic time tracking, included in all its plans. To track time, users can log in online or mark it via a mobile app, a browser, or a third-party app. Moreover, it is possible to record time by project and bill for tracked hours. On the other hand, time tracking in QuickBooks is differing because a user needs to subscribe to the Essentials plan or up to track billable time.
Expense Tracking
This feature enables keeping a record of all expenditures throughout a period of time. Concerning QuickBooks, this software supports both, debits and credits while keeping users apprised of profit margins at every stage of the monthly accounting cycle. However, QuickBooks is designed to show only line items rather than more nuanced breakdowns and that’s why some tracking is more manual. Alternatively, FreshBooks focuses on invoicing and payment collection which thus require purchasing or connecting to another accounting system. Along with that, it offers special expense features, such as receipt tracking, sales tax management and project time tracking.
Accounting
Accounting feature differs between these two software in a way that, unlike QuickBooks, FreshBooks does not provide accounting features in fully automated balance sheet form. Thus, entering data manually can be time-consuming and not the best option for small businesses. In contrast, QuickBooks accounting contains features such as double-entry accounting which keep sheets balanced. However, the complexity of such features makes the software difficult to learn.
Invoices
This feature itemizes transactions between a business and its customers. Both, FreshBooks and QuickBooks include a click-to-pay button which makes it easier for customers to pay online invoices. Moreover, clients are able to pay via credit card, Apple Pay and ACH payment.
Reporting
QuickBooks software includes a variety of reports and each of them includes detailed sub-reports for proper analysis. However, many of these reports work only after manual entry and tagging by the user. Further, concerning FreshBooks, its dashboard shows periodic input versus output. Reports in this software focus on payment collection and tax-related reports. Finally, FreshBooks has filters that help users build more granular reports and time-tracking that help to stay o top of payments due.
Integrations
Both software contain integrations. While FreshBooks covers over 100 integrations mostly targeted to freelancers and small businesses, QuickBooks boasts over 400 integrations with payment software, business banking, CRMs, e-commerce and many other software categories to ensure maximum visibility and control over financial data and sales processes.
