20 Best QuickBooks Alternatives for Small Businesses

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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

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

1. FreshBooks

FreshBooks

FreshBooks is an accounting tool that enables you to run your small business easily, fast, and secure. It’s developed by 2ndsite Inc. Company.

Features of FreshBooks:

  • FreshBooks automatically checks and balances to ensure accuracy and compliance.
  • Its mobile app enables you to stay connected with your customers
  • FreshBooks offers easy-to-understand reports on finance
  • It also enables you to collaborate on projects
  • FreshBooks allows you to use log hours without any issue, and they can automatically be put onto the invoice
  • With FreshBooks, you can effortlessly organize expenses
  • It helps you create invoices for customers in just a few clicks

2. Xero

Xero

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
  • It also allows you to track bank cash flow

3. Kiwili

Kiwili

This software is online accounting software used by freelancers and businesses. It enables you to manage your revenues and expenses efficiently.

Features of Kiwili:

  • Kiwili has a variety of modules for the trial balance, payroll, ledger, journal, etc.
  • It enables you to generate an income statement and a balance sheet
  • It allows you to prepare/send reports to your accountant
  • With Kiwili, you can view the amount of taxes collected and paid
  • It lets you bifurcate your expenses and income
  • Kiwili offers accounting automation
  • It allows you to analyze your cash flow easily

4. Kashflow

Kashflow

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

5. FreeAgent

FreeAgent

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

6. Clear Books

Clear Books

Clear Books application is a cloud-based accounting app. It can be linked with your bank account, and it would immediately import your bank transactions.

Features of Clear Books:

  • With Clear Books, you can record the time you have spent on projects, clients, and tasks and create directly from timesheets
  • It enables you to monitor stock levels using the report
  • It allows you to create invoices in over 170 currencies
  • Clear Books lets you generate a report on loss and profit and cash flow
  • It enables you to manage the finance of your project easily
  • Clear Books allows you to create invoice and payment reminder

7. Patriotsoftware

Patriotsoftware

Patriotsoftwareis payroll management and online accounting software. It is used by small businesses to securely run payroll from any device connected to the internet.

Features of Patriotsoftware:

  • Patriotsoftware allows you to assign a department to customer invoices and vendor payments
  • It makes use of encryption methods to keep your bank details safe
  • It enables you to any customer payment you need to make
  • Patriotsoftware offers supports through email, chats, or phone

8. Easy Accountax

Easy Accountax

Easy Accountax is a tool used for managing your accounting transaction. It helps you manage your accounts on the go.

Features of Easy Accountax:

  • Easy Accountax lets you manage your assets easily
  • It provides payroll and statutory reports
  • It allows you to record bills and include scanned receipts from a mobile device
  • Easy Accountax also enables you to generate professional invoices

9. Tally

Tally

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

10. Waveapps

Waveapps

This accounting tool acts as a QuickBooks replacement. It enables you to track investments, transactions, expenses, and handle invoices. Waveapps helps you connect limitless bank connections.

Features of Waveapps:

  • Waveapps contains a smart dashboard that provides thorough information about how your business is going
  • It allows you to create and send limitless professional invoices
  • Waveapps also helps you track expenses and income without any problem

11. Sage

Sage

Sage is an accounting and small business software. It enables you to manage expenses and payments. Sage provides a variety of accountancy and payroll products.

Features of Sage:

  • Sage helps you schedule backup to MS OneDrive, providing one terabyte of available storage
  • Sage allows you to upload expense receipts photograph to Microsoft OneDrive
  • You can integrate Sage with Office 365
  • It enables you to access account balances, transaction history, and customer details from M.S. outlook

12. Versaccounts

Versaccounts

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

13. AccountsIQ

AccountsIQ

AccountsIQ is a tool used for managing tax return, cash flow, audit, and budget. It is a cloud accounting system that enables you to improve your productivity.

Features of AccountsIQ:

  • AccountsIQ lets you create your dashboard or choose many pre-configured reports
  • It allows you to integrate with multiple legacies electronic banking system
  • With AccountsIQ, you can authorize, code, and capture transactions in real-time
  • It allows you to post-purchase invoices and batch credit notes to the cloud
  • It also enables you to process bulk email invoices, statements, and multi-location customer accounts.

14. Myob Greentree

Myob Greentree

This software is accounting software that helps you track the time a client receives an open voice. MyobGreentree supports seven days a week customer support.

Features of Myob Greentree:

  • This software offers STP (Single Touch Payroll) reporting
  • Myob Greentree allows clients to use a credit card to make payment directly from your invoices
  • It enables you to work with your accountant or bookkeeper in the software anywhere you are

15. Reckon

Reckon

Reckon enables you to manage your inventory, finances, and payroll together from one place. It provides a Single Touch Payroll reporting facility.

Features of Reckon:

  • It can be integrated with over one thousand apps
  • With Reckon, employees can bill/manage their expense claims
  • It allows you to track/manage already paid invoices to increase your cash flow
  • It also allows you to connect your bank account to view your transactions flow
  • Reckons enables you to schedule/manage your finances easily
  • It can organize your inventory, employees, sales, and customers from anywhere

16. OneUp

OneUp

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.

17. Momenteo Free Edition

Momenteo Free Edition

Momenteo offers an accounting solution. It enables you to track expenses, travels, and work completed in the calendar and generate accounting.

Features of Momenteo Free Edition:

  • Momenteo Free Edition enables you to search for the most relevant expenses and then figure out how to reduce them
  • It allows you to link your Stripe or PayPal account for client to deposit money online
  • This app also allows you to include a personal brand in your invoices
  • It lets you archive the activity of the previous year
  • With Momenteo, you can archive, classify, and track expenses
  • It helps you convert estimates into invoices when your clients approve them
  • With Momenteo, you can create and send invoices to clients

18. NetSuite

NetSuite

NetSuite offers real-time visibility of your business’s financial performance. It is an integrated cloud business product suite developed by Oracle.

Features of NetSuite:

  • NetSuite allows you to manage users according to their roles by using a dashboard
  • It enables you to streamline financial planning procedure
  • It offers a revenue recognition management solution
  • NetSuite has billing management capabilities that help you integrate your sales and finance

19. NewViews

NewViews

NewViews software can be adapted to synchronize with all your needs related to bookkeeping. It is an accounting software developed by Q.W. Page Associate Incorporation.

Features of NewViews:

  • This software can be integrated with EFT (Electronic Funds Transfer) and payroll
  • NewViews offers a complete history of your account
  • It allows you to allocate costs to various projects or activities
  • With NewViews, you can create custom report layouts

20. Quickfile

Quickfile

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

Conclusion

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.

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