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Freshbooks vs QuickBooks Enterprise

Last Updated: November 18th, 2024

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

Overview Pricing Benefits & Features Analyst Ratings Comparison Charts User Ratings Analyst Summary Screenshots

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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

QuickBooks Enterprise is an accounting ERP that enables users to hold one million patrons, vendors and inventory items, 100,000 classes, 45 custom fields and no more than 40 users. Users can manage bookkeeping, inventory, reporting, pricing rules, job costing,time tracking and more.

Its noteworthy features include pricing, job costing, hosting, field service management, order management and more.

$4.50 Monthly

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$1,922 Annually

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Small

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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.

Maintain Order Fulfillment: Handle every aspect of the order fulfillment process from beginning to end via advanced inventory management, barcode scanning and strengthened picking, packing and shipping.
Track Projects: Maintain cash flow, construct more accurate estimates and keep revenue profitable by following job costs throughout several construction projects.
In-Depth Reports: Leverage the advanced reporting apparatus to draft documents with suitable KPIs and contemplate better business strategies.
Several Reports: Browse more than 200 report templates and 70 tailored industry documents via the reporting accessory.
Adjust Pricing: Govern, alter and initiate automatic fees with the advanced pricing module.
Offer Discounts: Establish quantity discounts, manufacturing markdowns, seasonal and scheduled promotions and top-priority customer rules.

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.

User Permissions: Permit anywhere from one to 40 users that work simultaneously on this solution and initiate user permissions to safeguard confidential information. Choose from one of 14 preset roles for new users and permit which users can review, alter or erase particular patrons, suppliers or data.
Payroll: Construct infinite checks, initiate direct deposit, sort payroll taxes and generate W2 forms. Users may install calendar reminders to meet payroll tax deadlines on time.
Reporting: Peruse more than 200 adjustable report templates suitable for particular industries or create reports from scratch.
Payments: Maintain updates and allocate costs straightaway to banks to always stay in the loop of bottom lines. Instantly match, attach and chronicle ACH and credit transactions made within QuickBooks.
Time Tracking: Contrast and compare budgeted against actual hours, distribute responsibilities and track progress. Managers and clients may effortlessly validate finished timesheets and projects from mobile devices with the digital signature capture extension.
Bank Management: Arrange bank transactions faster with improved payee, account and class matching. Leverage improved regulations and batch editing to reduce data entry and recognize and fix issues.
Payment Receipts: Tailor receipts with business logos and more for a professional and consistent format for patron messages.

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#27

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Analyst Rating Summary

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Freshbooks

QuickBooks Enterprise

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89%

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User Sentiment Summary

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.

90%

of users recommend this product

QuickBooks Enterprise has a 'excellent' User Satisfaction Rating of 90% when considering 17875 user reviews from 4 recognized software review sites.

4.8 (28)

5.0 (9)

4.6 (586)

4.2 (629)

4.5 (3332)

4.5 (16874)

4.0 (150)

4.3 (363)

Awards

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.

Implementation: Of the users who discussed this program's implementation process, roughly 57% said it was straightforward and the interface was easy to learn.

Performability: Approximately 63% of users who mentioned this solution's overall performance stated it's great for entrepreneurs and small businesses and makes mundane bookkeeping tasks simple.

Functionality: Of the users who addressed this application's features, 68% said it's feature-rich, offers payroll and sales tax management and effortlessly tracks account receivables.

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.

Training: Nearly 42% of users who discussed the software's training process said it had a slightly toilsome learning curve.

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.

QuickBooks Enterprise is a thorough accounting ERP with features aplenty — such as user permissions, reporting, bank management, payroll, time tracking and more — to keep bookkeeping tasks hassle free. Although some users find that the training materials and installation process were difficult, the majority found the implementation satisfactory and the interface manageable. This platform is handy for small businesses and entrepreneurs as it streamlines routine accounting assignments. Most users find this ERP an efficient accessory.

Screenshots

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FAQ

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