Alternatives

[Pages:11]Alternatives

Top QuickBooks Competitors

The Best QuickBooks Alternatives

for Your Business

Resources

Compare Accounting Software QuickBooks Online Software Reviews Selecting the Best Accounting Software

Intuit's QuickBooks software dominates the accounting software marketplace, currently holding more than 80 percent of the small business market share. Among the vendor's many financial management products, Intuit reports significant growth for one product in particular: QuickBooks Online.

QuickBooks Online connects small businesses and accounting professionals over a variety of devices and geographic locations. Businesses can track income and expenses, send invoices, pay bills and easily share files and reports with their accountants and bookkeepers.

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The Best QuickBooks Alternatives

The solution is sold in three packages, with capabilities increasing as it scales:

? Simple Start: Includes one user license and over 20 financial reports. Users can import data from QuickBooks desktop products.

? Essentials: Supports up to three concurrent users and over 40 financial reports. Includes Simple Start functionality, plus users can set up postdated payments.

? Plus: Allows up to five concurrent users and over 60 financial reports. Includes Essentials functionality, plus users can track inventory and create and send purchase orders.

On , QuickBooks Online has been reviewed dozens of times. Users praise the cloud-based product for its ease-of-use, intuitive design and accessibility.

In recent years, however, many vendors have positioned themselves as alternatives to the accounting giant. As such, prospective buyers want to know how these competitors compare with QuickBooks Online.

We've compiled the following list of QuickBooks Online alternatives so you can find the accounting software that's

Most Asked-About QuickBooks Alternatives Top User-Rated QuickBooks Alternatives Next Steps

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Most Asked-About QuickBooks Alternatives

right for you.Our first section of alternatives includes products that buyers are most often searching for alongside QuickBooks. These are financial management solutions that prospective buyers are comparing to QuickBooks Online.

Note: you can learn more about our Alternatives methodology here.

Quicken

Quicken is a well-known personal money management software platform, operating for over 30 years. While QuickBooks Online manages small businesses' finances in the cloud, Quicken products are used by individuals managing personal finances via on-premise, desktop software.

Quicken Home & Business is for the small business owner who wants to manage personal finances and business finances in one desktop application. Users can connect the software directly to personal and business accounts and categorize personal spending and business expenses accordingly.

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Most Asked-About QuickBooks Alternatives

Users can view financial reports, such as profit and loss statements, create and send invoices, manage expenses and keep track of IRS Schedule C tax deductions. Additionally, users can boost accessibility with the Quicken mobile app and sync data between their home computer and mobile iOS and Android devices.

Xero

Xero is a cloud-based accounting solution designed for small and growing businesses. Users can create invoices, pay bills, manage income and expenses and track sales and profitability.

The solution is sold in three packages with functionality growing more advanced as packages scale. The options include:

? Starter: Create and send five invoices, pay five bills and reconcile 20 bank transactions.

? Standard: Unlimited billing and invoicing capabilities, plus timesheets and payroll for five employees and the ability to create customizable purchase orders.

? Premium: Includes all the features from Standard, plus payroll for up to 10 employees and the ability to create invoices and reconcile accounts for over 150 currencies.

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Most Asked-About QuickBooks Alternatives

Each plan includes unlimited users, file sharing and access for accountants and bookkeepers and various financial report options. Additionally, each version of Xero offers conversion services and data import directly from QuickBooks Online.

For a side-by-side comparison of these accounting systems, visit our Xero vs. QuickBooks Online page.

FreshBooks

FreshBooks is another cloud-based accounting solution geared toward small business users. However, FreshBooks focuses on its users' billing and invoicing needs and does not offer some of the more advanced functionality--such as core accounting and inventory management--found in QuickBooks Online.

FreshBooks is sold in four packages. Capabilities include:

? Sprout: Unlimited invoices, expense management and time tracking. Users can bill up to five clients.

? Seedling: Everything in Sprout, but users can bill up to 20 clients.

? Evergreen: Everything in Sprout, but users can bill up to 200 clients.

? Mighty Oak: Includes Sprout functionality, but users can bill an unlimited number of clients. They can also add staff, track team timesheets and monitor expenses and revenue by team member.

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Most Asked-About QuickBooks Alternatives

Every plan includes financial reporting, file sharing with accountant/bookkeepers and integrations with services such as Gusto and Basecamp.

For a detailed analysis of these accounting products, check out our FreshBooks vs. QuickBooks Online comparison.

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Top User-Rated QuickBooks Alternatives

Our second category of QuickBooks alternatives showcases highly-rated accounting products on Software Advice. At the time of publication, QuickBooks Online has a user-rating of 4.0 out of five stars and 40 reviews.

Adaptive Insights

Adaptive Insights is our top user-rated QuickBooks alternative. Adaptive has less user-feedback than QuickBooks Online, but reviewers give it high marks for ease-of-use and customer support. One user reports:

"The customer support that I have received from Adaptive Insights is amazing. I have never had this level of support from another company. There is great follow up and resolution to any questions or concerns." --Rose, NCR Corp

Adaptive Insights software is a cloud-based accounting solution suitable for a variety of business sizes and industries. Designed with a similar look and feel to Excel, the platform centers around robust modules for planning (budgeting and forecasting) and financial reporting.

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