Freshbooks vs Patriot Accounting

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Our analysts compared Freshbooks vs Patriot Accounting based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Patriot Accounting Software Tool

Product Basics

Freshbooks is a cloud-based accounting software designed for freelancers and small businesses. Its core features include invoicing, expense tracking, online payments, project management, and basic reporting. It's user-friendly and integrates with popular tools like Stripe and PayPal. Freshbooks shines for solopreneurs and small teams seeking a simple, affordable solution to manage basic accounting tasks. Its intuitive interface and mobile app make it accessible even for non-accountants. Users appreciate its automated features like recurring invoices and expense categorization, saving them time and effort. Compared to some competitors, Freshbooks may lack advanced accounting functionalities like inventory management or double-entry bookkeeping. However, its focus on simplicity and ease of use makes it a popular choice for those starting out or needing a lightweight accounting solution. Pricing starts at a reasonable monthly fee and scales based on the number of clients and features needed. This pay-as-you-go model ensures users pay only for what they use, making it a cost-effective option for small businesses.

Pros
  • Easy to use
  • Mobile app access
  • Automated invoicing
  • Online payments
  • Affordable
Cons
  • Limited features
  • No double-entry
  • Price increases with clients
  • Basic reporting
  • Not for large businesses
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Patriot Accounting is a cloud-based accounting software designed for small businesses and their accountants. It offers a user-friendly interface and comprehensive features for managing finances, including income and expense tracking, invoicing, bill pay, bank reconciliation, and financial reporting. Patriot caters to businesses with basic to moderate accounting needs, making it suitable for freelancers, solopreneurs, and small business owners who lack accounting expertise. Its key strengths lie in its affordability, ease of use, and customer support. Users praise its intuitive interface, clear navigation, and helpful tutorials, making it easy to learn and navigate even for accounting novices. Additionally, Patriot boasts excellent customer support, readily available to assist users with any questions or concerns. Popular features include customizable invoices, automatic bank feeds, inventory management, and payroll integration (with an additional fee). Compared to similar products, Patriot stands out for its emphasis on user-friendliness, affordability, and exceptional customer service. While it may lack some advanced features found in competitor software, its core functionalities and ease of use make it a compelling choice for many small businesses. Pricing starts at $20 per month for the basic plan, offering essential accounting features. The premium plan, at $30 per month, adds unlimited users, advanced features, and payroll integration. Both plans come with a free 30-day trial, allowing users to test the software before committing.

Pros
  • Easy to use and navigate
  • Affordable pricing
  • Excellent customer support
  • Automatic bank feeds
  • Inventory management (paid add-on)
Cons
  • Limited features compared to competitors
  • No mobile app
  • Payroll integration requires additional fee
  • Not ideal for complex accounting needs
  • Limited customization options
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$4.50 Monthly
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$20 Monthly
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Tailored to your specific needs
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Windows
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Chromebook
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Mobile

Product Assistance

Documentation
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Live Online
Videos
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Videos
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Email
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FAQ
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Knowledge Base
24/7 Live Support
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Product Insights

  • Improve Efficiency: Automate every routine task such as sending invoice reminders and collecting payments from patrons so users can redirect their attention to cultivating their organization.  
  • Elaborate Reports: Produce in-depth reports that provide critical KPIs, giving users a live snapshot of their business' health and enabling them to make wiser decisions. 
  • Quicker Payments: Initiate simple online payment methods so patrons can quickly make payments and users are compensated faster. 
  • Establish Due Dates: Swiftly inaugurate due dates for invoices with the invoicing module, ensuring patrons are always aware of their payment deadlines. 
  • E-Sign Estimates and Proposals: Permit customers to e-sign estimates and proposals so users may rapidly return to their important tasks.  
  • Increase Accuracy: Prompt bank reconciliations allow users to instantly scan bank accounts and correspond account activity with financial records. 
  • Mobile Availability: Scan receipts, develop sophisticated invoices, respond to customer feedback and more with FreshBooks' mobile app available on iOS and Android devices. 
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  • Streamlined accounting processes: Patriot Accounting simplifies and automates many accounting tasks, such as invoicing, bill payment, bank reconciliation, and financial reporting. This saves time, reduces errors, and helps you stay on top of your finances effortlessly.
  • Improved financial visibility: The software provides real-time insights into your business's financial health through clear dashboards and reports. This allows you to track income and expenses, monitor cash flow, analyze profitability, and make informed financial decisions.
  • Enhanced organization and control: Patriot Accounting helps you organize your financial data, maintain accurate records, and easily access information whenever needed. This promotes better financial management and compliance with tax regulations.
  • Simplified tax preparation: The software generates tax-ready reports that streamline the tax filing process, saving you time and effort. It also integrates with popular tax software, further simplifying tax preparation.
  • Accessibility and collaboration: Patriot Accounting's cloud-based platform allows you to access your financial data from anywhere with an internet connection. It also enables collaboration with your accountant or bookkeeper, promoting efficient financial management and timely financial advice.
  • Enhanced decision-making: The financial insights and reports provided by Patriot Accounting empower you to make data-driven decisions about your business's finances. This can lead to improved profitability, cost savings, and overall financial growth.
  • Peace of mind and confidence: Knowing that your accounting is organized and accurate can reduce stress and provide peace of mind. You can focus on running your business, confident that your financial data is secure and accessible.
  • Scalability for growth: Patriot Accounting can grow with your business, accommodating increased transactions and complexity as your business expands. This ensures you have the support you need to manage your finances effectively, even as your operations grow.
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  • Invoicing: Personalize invoices and thank-you emails with company logos via the invoicing apparatus. Users may request deposits on invoices at the start of a project so they'll have the right amount of funds to financially sponsor a project in its preliminary stages. 
  • Expense Management: Link bank accounts and credit cards to FreshBooks instead of manually inputting data with the expense module. It displays data in real time so users will instantly know where their money is going. 
  • Time Tracking: Manage project and task durations through the time tracking feature. It's equipped with a timer that accurately records a time log of tasks that easily appears on invoices. Users may also see how their employees spend their time from completed responsibilities to arising issues to address before they become major problems. 
  • Project Management: Store files and vital attachments in the centralized project management accessory, enabling teams to efficiently find what they need so they can get right back to high-caliber tasks. Users may also allocate project deadlines, share images and files through FreshBooks and even designate rates or hours to particular projects.  
  • Estimates: Produce adjustable proposals in addition to outlining a project's extent, timeline and necessary deliverables. Users may quickly transform estimates into invoices and permit their clientele to validate estimates online. This tool also allows users to send invoices in different currencies and add discounts. 
  • Accounting: Receive precise profit and loss calculations and effortlessly share valuable financial data and reporting information with accountants. This module streamlines bank reconciliations by importing and arranging financial transactions, validating or revising automated matching recommendations and drafting and exporting Excel-friendly summary reports.  
  • Reports: Color-code spending breakdowns and obtain profit and loss reports with the reporting attribute. Users may save, export and even print financial reports for their accountants. This tool also enables users to have a headache-free tax season because it stores valuable data such as money earned to taxes that have already been paid off.  
  • Payments: Initiate various payment options such as VISA, MasterCard, AMEX and Apple Pay with the payment feature. This tool also instantly creates payments, collects reports, activates quick and painless bank deposits, requests deposits and provides payment schedules and partial payments for client flexibility. It also automatically sends receipts to patrons. 
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  • Income and expense tracking: Record and categorize income and expenses to monitor cash flow and profitability.
  • Invoicing: Create and send professional invoices, track payments, and send reminders to customers.
  • Bill pay: Pay bills and track expenses easily, ensuring timely payments and organized records.
  • Bank reconciliation: Match bank transactions with your records to ensure accuracy and prevent discrepancies.
  • Financial reporting: Generate various reports, including profit and loss statements, balance sheets, cash flow statements, and tax reports.
  • Customizable chart of accounts: Create a chart of accounts that aligns with your business's unique needs and structure.
  • Automatic bank feeds: Import bank transactions automatically, saving time and reducing manual data entry.
  • Inventory management (paid add-on): Track inventory levels, manage stock, and generate purchase orders (available for an additional fee).
  • Payroll integration (paid add-on): Integrate with Patriot's payroll software to streamline payroll processing and tax filings (available for an additional fee).
  • User-friendly interface: Navigate the software easily with intuitive menus, clear labels, and helpful tutorials.
  • Excellent customer support: Access free US-based customer support via phone, email, and live chat.
  • Cloud-based platform: Access your data from anywhere with an internet connection, ensuring flexibility and security.
  • Mobile-friendly access: View your account and manage basic tasks from a mobile device.
  • Secure data storage: Rest assured that your financial data is protected with bank-level security measures.
  • Free 30-day trial: Try the software for free before committing to a subscription.
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Product Ranking

#2

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Accounting Software

#369

among all
Accounting Software

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Analyst Rating Summary

87
63
94
89
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90
73
94
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Platform Security
Project Accounting
Tax Management
Financial Statements and Revenue Management
Journal Entries
Banking and Cash Management
Accounts Receivable
Accounts Payable

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Freshbooks
Patriot Accounting
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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 94 94 73 86 98 75 88 81 97 97 49 89 100 92 100 89 90 94 49 71 75 42 58 46 20 57 67 50 54 83 0 25 50 75 100
89%
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11%
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94%
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80%
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69%
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71%
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29%
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77%
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86%
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80%
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89%
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89%
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47%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

67%
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33%
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67%
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User Sentiment Summary

Excellent User Sentiment 4096 reviews
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90%
of users recommend this product

Freshbooks has a 'excellent' User Satisfaction Rating of 90% when considering 4096 user reviews from 4 recognized software review sites.

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4.8 (28)
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4.6 (586)
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4.5 (3332)
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4.0 (150)
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Awards

Freshbooks stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

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Synopsis of User Ratings and Reviews

Customer Support: Approximately 89% of users that mentioned it in their review said customer support is supportive, helpful and quick to respond to issues.
Appliances: Precisely 58% of users that discussed the system functionalities enjoyed this program's appliances because they can create clean reports, set up repeating invoices, and add and manage credit cards.
Simple and intuitive interface: Freshbooks' clean layout and straightforward navigation make it easy for even non-accountants to manage their finances.
Time-saving features: Automated invoicing, expense categorization, and online payments let users save time and effort on routine accounting tasks.
Mobile app for on-the-go management: Access invoices, track expenses, and manage clients from smartphones or tablets, ensuring flexibility and productivity.
Affordable plans for growing businesses: Choose a plan that scales with your needs and budget, with options starting at an accessible price point.
Seamless integrations with popular tools: Streamline workflows by connecting Freshbooks with tools like Stripe, PayPal, and Google Workspace, centralizing financial data.
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User-friendly interface: Patriot Accounting is known for its intuitive and easy-to-navigate interface, making it suitable for users with varying levels of accounting experience.
Affordable pricing: Patriot Accounting offers competitive pricing plans, making it an attractive option for small businesses and freelancers on a budget.
Strong customer support: Patriot Accounting provides responsive and helpful customer support through multiple channels, including phone, email, and live chat.
Basic accounting features: Patriot Accounting covers essential accounting tasks like invoicing, bill pay, bank reconciliation, and financial reporting.
Integration with popular payment processors: Patriot Accounting integrates with popular payment processors like Stripe and PayPal, streamlining payment collection.
Mobile app availability: Patriot Accounting offers a mobile app for managing finances on the go.
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Limited features for complex accounting: Freshbooks may not handle advanced accounting needs like inventory management, double-entry bookkeeping, or fixed assets.
Not ideal for large businesses: As businesses grow, Freshbooks' scalability and feature set might become insufficient for complex financial operations.
Price increases with client base: The cost of Freshbooks can rise significantly as you add more clients, potentially exceeding initial budget expectations.
Basic reporting and analytics: Freshbooks' reporting capabilities may be insufficient for businesses requiring in-depth financial analysis and data insights.
Limited customer support for free plans: Free trial and Lite plan users might have limited access to customer support, potentially hindering troubleshooting and issue resolution.
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Limited inventory management: Lacks advanced features like barcode scanning, serial number tracking, and purchase order management, making it unsuitable for businesses with complex inventory needs.
No multi-currency support: Only supports transactions in a single currency, which can be limiting for businesses operating internationally.
Limited reporting capabilities: May not provide the level of customization and detail needed by some businesses, especially those with complex reporting requirements.
Scalability limitations: May not be suitable for large businesses with a high volume of transactions or complex accounting needs, as its features and capabilities may not scale effectively.
Integration limitations: Integrates with a limited number of third-party applications, which may restrict users who rely on specific software or require extensive integrations with other business systems.
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Freshbooks emerges from user reviews as a reliable and user-friendly accounting solution for solopreneurs and small businesses. Its intuitive interface, mobile app access, and automated features like invoicing and online payments are consistently praised for saving time and streamlining workflows. Compared to competitors like QuickBooks, users appreciate Freshbooks' ease of use for non-accountants, while acknowledging its limitations in advanced functionalities like double-entry bookkeeping or inventory management. This makes it ideal for those starting out or needing a lightweight accounting solution, but potentially less suitable for complex financial needs as businesses grow. Another key differentiator for Freshbooks is its affordability, with tiered plans starting at an attractive price point. However, user reviews also highlight a potential drawback: as client bases expand, so does the cost, which can become a concern for some users. Additionally, while basic reporting and analytics are included, users seeking in-depth data analysis may find Freshbooks' capabilities limited compared to more robust competitors. Overall, user reviews paint a picture of Freshbooks as a user-friendly and affordable accounting solution for solopreneurs and small businesses seeking to simplify their financial management. Its strengths lie in ease of use, automation, and mobile access, while its limitations emerge in advanced features and scalability for larger businesses. Ultimately, the decision to choose Freshbooks hinges on individual needs and priorities, with users emphasizing the importance of weighing its strengths against its limitations to ensure a perfect fit.

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Patriot Accounting carves a niche among accounting software with its user-friendly interface, affordable pricing, and strong customer support. Users with basic accounting needs, like freelancers and small businesses, praise its intuitive design and straightforward features for invoicing, bill pay, and bank reconciliation. The mobile app and integrations with popular payment processors like Stripe further enhance its convenience. However, Patriot Accounting's limitations become apparent as businesses grow or require more complex functionalities. Users often cite its lack of advanced inventory management, multi-currency support, and in-depth reporting as dealbreakers. Compared to competitors like QuickBooks, which offers a wider range of features and integrations, Patriot Accounting might feel restrictive. Businesses with international operations or intricate inventory systems may find themselves needing to upgrade to a more robust solution. Ultimately, Patriot Accounting's suitability hinges on a user's specific needs and priorities. For those seeking a beginner-friendly and budget-conscious accounting solution, it stands out with its ease of use and affordability. However, businesses with more intricate accounting requirements or aspirations for future growth might find themselves needing a software that can scale alongside their ambitions.

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