As lots of people hung up with the network and internet connectivity in more advance, cloud technology started building its empire. Businesses are increasingly looking to leverage the technologies to consolidate their position in the competitive market landscape. QuickBooks by Intuit has remained at the helm of the development with the company constantly evolving in order to meet the changing demands of small and mid-sized businesses.
However, there is a possibility that makes business think, that accounting software is really what a business need? With an assortment of features, Quickbooks is definitely one of the best bookkeeping software in the market, but small businesses often find themselves in possession of excessive features which they do not necessarily require.
As it is really hard for most small businesses to afford such a price. So in order to make their accounting software budget-friendly, most companies came forward with a QuickBooks online alternative.
Best QuickBooks Alternative
To give you some better ideas, here we came with some best accounting software as the QuickBooks alternatives – which holds both free and paid alternatives for QuickBooks.
myBooks
This accounting solution, from Zetran, is one of the most cost-effective digital bookkeeping software which offers a host of features that are enough to cater to the day-to-day accounting needs of both, small and mid-sized businesses. With features such as multi-currency handling, income and expense management, and an intuitive invoicing system, myBooks offers all the basic accounting functionalities at costs as low as $4.99 per month. In addition, the software is powered by sophisticated analytical and artificial intelligence capabilities which help users in generating in-depth reports. As mybooks has enterprise-level data security, all your business data will be safe and secured, by avoiding all thefts, hacks, and violations.
mybooks, the simple accounting software, the product of Zetran. mybooks is the cost-effective accounting software and digital bookkeeping software which offers a host of features that are enough to cater to the day-to-day accounting needs of both, small and mid-sized businesses.
The vast variety of accounting solutions available in the market is helping business owners develop a better perspective of their bookkeeping needs. Additionally, the intensifying competition in the digital accounting solutions market is benefiting businesses with companies continuing to work towards offering sophisticated services at lower costs.
mybooks – features
mybooks, the QuickBooks online alternative, best for small businesses is available for iOS, Android, and Web. We say accounting software is growing and performing better, only it is regular updates. mybooks is one among the best. Here is the list of mybooks features,
- Invoicing and Billing
- Inventory management
- Multi-currency
- Account payable and receivable
- Multi-user role access
- Bank reconciliation
- Multi-business management
- Industry-specific features
- Barcode billing
- Production order management
- Expense tracking
- Cash flow management
- 25+ reports to track your business health and to take better business-decision
- Misc. Transactions
- TDS payments
- And more.
It’s really hard to pick such accounting software at this price. It also offers you the free version of the software, so that small businesses can use it more effectively. Using mybooks, the simple accounting software for your small business is really a good choice.
Wave
One of the soundest free Quickbooks alternatives, Wave delivers nearly all the segments you find in the other accounting software. A perfect fit for sole proprietors and small businesses, Wave generates automatic reports by using its income and expense tracking features.
Further, the software automatically tracks each business transaction created from your enterprise’s bank account and is fitted with the ability to pull suitable data from scanned receipts. With credit card payments and payroll processing management, the system is suitable for small and mid-sized companies operating on a close budget. The only shortcoming of the accounting solution is its inability to print bill payment receipts. Nonetheless, Wave is one of the best alternatives to Quickbooks online.
Though Wave accounting software is considered to be one of the QuickBooks alternatives, it holds a huge drawback. This wave accounting software cannot be used worldwide, it can be used only in US and Canada. Wave accounting, the free accounting software can be utilized as the QuickBooks alternative only in US and Canada.
Features of Wave accounting software
Here we have listed some of the features of the wave app – QuickBooks alternative features.
- Bank reconciliation
- Can perform journal entries
- Can manage business cash flow
- Invoicing and Invoice scheduling
- Can track your business expense
- Inventory management
- Business reports
Zoho Books
Zoho Books is on the queue as the next alternative to the QuickBooks application. Zoho Books is one of the alternative accounting software for the QuickBooks app. Though it has a free plan, its pricing looks expensive for small businesses. Zoho Books has 5 plans, including the free version.
If you are a large business owner and looking for suitable accounting software, Zoho Books guides you in the right direction. If you are a small business owner and looking for suitable accounting software as a QuickBooks alternative, then think twice about your business budget.
Features of Zoho Books
- Can generate bills to track your business payments
- Fetch bank transactions and reconcile accounts easily
- Project tracking and time tracking
- Can manage inventory effortlessly
- Business reports for better business decision
FreshBooks
A fully cloud-based platform the accounting solution does not require any installation and configuration. Further, its user-friendly interface creates it extremely comfortable to use. The flexibility of the cloud permits users to access business information from any location without the limiting aspect of the data being restricted to a single location. Apart from the basic income and expense tracking, the accounting solution helps businesses maintain job estimates and manage credit card payments and invoicing. Being a complete mobile medium, FreshBooks offers its users the freedom to link it to various devices. With the option of a 30-day trial, you can opt for a hands-on experience of the accounting solution to make an informed decision.
Features of FreshBooks accounting
- Customizable invoicing
- Recurring invoicing
- Multi-currency billing
- Inventory management
- Automatic tax calculation
- Expense management
- Time tracking
- Project management
Sunrise
Sunrise, a small business QuickBooks alternative is accounting software with assisted bookkeeping features. If you are a single user, then you can handle your business with the features of sunrise. Sunrise, might be considered the best suitable accounting software for small businesses. Sunrise helps you manage your finances, offering a wide range of features to make your job easier. Some of the features of sunrise are excellent A/R management, sales tax tracking, managing bills, accessible bookkeeping assistance, and more.
One of the cons of this sunrise accounting software is, can’t able to reconcile your bank accounts and can’t able to track inventory and COGS.
Features of Sunrise Accounting software
Here are some of the features of sunrise accounting software (Alternative to QuickBooks)
- Customizable invoice templates
- Expanded tax tools
- Can create unlimited user accounts
- Automatic bank transaction categorization
- In-depth cash flow insights
- Create unlimited business organizations
Buildium
Buildium is the best alternative for QuickBooks for the companies like property management. Property management software provides property owners, landlords, and brokers with tools to manage their businesses and workflows.
The best property management systems include accounting features such as accounts payable, bank reconciliation and budgeting; tenant screening; electronic leases; maintenance request tracking; property management reporting; and resident portals where tenants can pay rent or submit maintenance requests. But looks as some of the features are unavailable.
Buildium – QuickBooks alternative, holds the features such as – leasing management, tenant screening, 1099 e-filing, financial reporting, and board communication portal.
Buildium software lacks some time-saving accounting elements such as mileage tracking and receipt capture. Further, it has no integrated payroll.
Features of Buildium Accounting software
Here are some of the features of Buildium accounting software (QuickBooks alternative)
- Analytics & Insights
- Open API integration
- Analytics & Insights
- Standard Reports
- Free Marketing Website
- Property Inspections
- Online Payments
FAQ’s
What is a better option than QuickBooks?
If you are a small business owner and looking for the best alternative to QuickBooks accounting software, try mybooks. One of the best QuickBooks alternatives to make the business grow. mybooks is the free QuickBooks alternative. Start the mybooks as the free alternative to QuickBooks accounting.
What software is better than QuickBooks?
The least expensive and the free QuickBooks alternative is mybooks. The best accounting software with inventory management, cash flow management, invoicing & billing, 23+ business report, multi-business management, multi-user role access, industry-specific features, and more
What are some reasons to choose an alternative to QuickBooks?
One of the major reasons that businessers look for an alternative to QuickBooks is their pricing. Most small businessers feels hard to afford the QuickBooks pricing.
Also, they don’t have any phone support. So most people feel hard to communicate with the QuickBooks support team.
Does mybooks is the free QuickBooks alternative?
Absolutely yes. mybooks is one of the best QuickBooks alternatives for free, with all the accounting features. Just start mybooks accounting software as the best alternative to QuickBooks.
