Accounting softwares are an essential part of any organization in the 21st Century. Having the right software can help business run better by helping track expenses, manage cash flow & create invoices. While QuickBooks by Intuit is a great accounting software, there are other alternatives you can consider.

Every good accounting software must provide desktop and online accounting applications as well as cloud-based ones which can process bills and business payments.

Apps like QuickBooks

There are several apps like QuickBooks accounting software that can help manage your businesses financials. Below, we take a look at some of the best accounting softwares similar to Quickbooks which can serve as alternatives.

1. Xero

Small and medium business owners love that Xero is simple and avoids accounting jargon. No debits or credits here — just easy-to-understand language that makes it simple to determine what to do with your transactions.

The product also has some of the same core accounting features as QuickBooks Online, including bank feeds, intuitive bank reconciliation, basic inventory tracking and reporting. Starting from $12/month, you can have access to Xero accounting software.

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2. Sage

Sage is a full accounting package that offers desktop and cloud products. Its cloud-based solution, Sage Accounting, has two plan tiers: a $10/month one for self-employed people and micro-businesses, and a $25/month one for small businesses.

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The latter unlocks unlimited collaboration, quotes and estimates, cash flow forecasts and the ability to manage purchase invoices. There are also HR tools, POS integrations, ecommerce features and sales and marketing features available.

3. Wave Accounting

Wave Accounting is a completely free accounting software that’s easy to set up and lets you connect your business bank account so your bookkeeping information will appear automatically.

Some of the tools built into the product include income and expense tracking, receipt scanning, unlimited collaborators, accounting reports, invoicing and integrations powered by Zapier.

But, remember that features like sending and receiving payments and running payroll cost extra. Therefore, we can’t recommend Wave for large teams. However, if you’re looking for a simple accounting tool at no cost, you can’t get much better than Wave.

4. Zoho Books

Zoho Books is part of the Zoho One suite of services — which includes over 40 different business apps, including customer relationship management, HR tools and reporting options. Zoho Books’ four plans range in functionality, number of users and workflows that are included. First, Zoho offers a free plan. Then, the Standard plan costs $20 per month, the Professional plan costs $50 per month and the Premium plan costs $70 per month.

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Features you’ll get regardless of your plan include invoicing, estimates, the ability to integrate your bank accounts, reporting tools, a client portal, the ability to integrate with any of Zoho’s other softwares and third-party tools like Zapier and a Stripe integration.

5. Bonsai

Next up on our list of QuickBooks alternatives is Bonsai — an all-in-one product suite for freelancers that has some nifty accounting features built in. With Bonsai, you can track your billable expenses by creating an expense, assigning it to a project and attaching those expenses to an invoice. You also can connect your bank account to import your expenses. What’s more, Bonsai generates expense reports and analytics so you can understand your business spending over time.

Bonsai also allows you to arrange recurring payments, and be paid via credit card, ACH transfer, PayPal and even bitcoin. Other tools include a freelance tax calculator, reporting functions, time tracking and the ability to create custom client proposals and contracts.

Bonsai’s Workflow plan costs $19/month and its Workflow Plus plan costs $29/month. The Workflow plan includes unlimited clients and projects, project management, proposals and contracts, invoicing, payments and time tracking. The more expensive plan gives you access to features like the client portal, subcontracting, priority support, workflow automations and client questionnaires. You can invite additional users to collaborate for $9/month each.

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Conclusion

These 5 quickbooks accounting software alternatives will come in handy in your search for an application to help with your financial accounting.

Reference: Fundera.com

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