20 Best QuickBooks Alternatives for Small Businesses
Update on • Eric Rosenthal
Are you wondering how you can manage your business by handling invoicing, bookkeeping sales tax, and track expenses and bills? These best QuickBooks Alternative help you manage your business anywhere and anytime.
What is QuickBooks?
QuickBooks is an automated software for accounting. It helps you handle invoicing, bookkeeping, sales tax, etc. It can be used for tracking expenses and bills. QuickBooks enables you to manage your business anywhere and anytime. It offers customizable dashboards and reports.
However, QuickBooks has some disadvantages, such as system crash problems, inability to provide direct professional supports, lack of critical reports outside of accounting, etc.
Now let’s examine the various QuickBooks alternative together with their features. This curated list comprises both commercial software (paid) and open source (free).
Top 20 Best QuickBooks Alternatives For Businesses Accounting
Xero is an app for small businesses. It is an online accounting app that helps you collaborate with advisors and share it with your employees. The app is well known for its ability to track losses and profit in more than one currency.
Features of Xero:
Xero provides one dashboard for checking business performance
It saves a snapshot of contacts, history, and relationship
It offers financial reports to track the amounts
Xero allows you to follow the payroll information of an employee
It enables you to record/manage expenses and receipts
It can be connected to your bank easily
With Xero, you can send online invoices with online payment options
Kashflow is a bookkeeping solution and an online payroll for accountancy firms and small businesses. Kashflow automatically updates Value Added Tax (VAT). You can directly submit it to HM Revenue and Customs (HMRC).
Features of Kashflow:
Kashflow enables you to link your bank account to its business accounts
It offers accurate reports on loss and profit, stock control
It allows you to set up numerous payment methods
With Kashflow, your quotations can be turned into invoices
It enables you to see a complete view of your finances
FreeAgent is a money management and online accounting tool. It can be used to track and send professionally designed invoices. FreeAgent offers a complete view of profit, expenses, and income performance.
Features of FreeAgent:
FreeAgent provides a built-in stopwatch for recording your time
It offers a full view of the performance of your profit, expenses, and income
It allows you to review VAT file and returns with one click
With FreeAgent, you can analyze your cash flow and see the due time of your tax bills
It also enables you to fill and file your self-assessment tax return to HMRC
Tally is a QuickBooks alternative and an ERP accounting software. It is used to record day to day business data from your desktop. Tally automates your business operations like purchasing, inventory, manufacturing, sales, and finance.
Features of Tally:
Tally enables you to effortlessly organize your outstanding
It helps you manage checkbooks and bank transactions
It allows you to generate a balance sheet, trial balance, and several other accounting reports
Tally helps you handle all transaction types such as journals, purchases, payments, etc.
With Tally, you can manage Good and Service Tax (GST) billing
This software is business accounting software. It provides ERP solutions to organizations. Versaccounts can be used for managing ERP modules such as fixed assets, accounts receivables, accounts payable, and general ledger.
Features of Versaccounts:
Versaccounts helps you organize inventory across one system and location
It supports service management and contact with pipeline scheduling
It allows you to create and track production orders across the various manufacturing process
OneUp software is an accounting software created for small businesses. It can be used for retrieving daily bank transactions. OneUp helps you manage invoices, Customer Relationship Management (CRM), and inventory.
Features of OneUp:
OneUp automatically remembers your choice once you connect with your bank
It allows an accountant to log in to his tool and export all the financial records to prefer the application
It provides you with daily information on profit information and cash flow
OneUp automatically matches a bank transaction with an existing overdue invoice when you visit it the second time.
Quickfile software can be used for snapping your receipts from a mobile device. It is accounting software that enables you to organize your receipts in the cloud.
Features of Quickfile:
Quickfile enables you to set up a scheduled backup of your account
It helps you handle purchase orders, delivery notes, and estimates
It also allows you to connect your invoice to payment solutions such as Bitcoin, Stripe, PayPal, etc.
Quickfile supports full multi-currency
It allows you to group activity with your multiple projects
It also enables you to file and track your VAT Returns
This article has successfully examined the best QuickBooks Alternative available in the market. They enable you to manage your business effortlessly.
With FreshBooks, you can easily and securely run your small business. Xero automatically helps you monitor your losses and profit across more than one currency. Kiwili also enables you to manage your revenues and expenses much better.
Without a doubt, these QuickBooks Alternative are the best choices for both small and established businesses.