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Top 7 QuickBooks Alternatives for Your Business Accounting

QuickBooks is one of the most used accounting software in the world. Small businesses love to use QuickBooks. However, some small business owners can’t afford it because of a high monthly fee and a very frustrating customer support experience.

Small businesses that can’t afford QuickBooks always are on the lookout for cheaper and more streamlined alternatives. 

In this blog, we’ll list the top 7 QuickBooks alternatives to help you decide which option is the best for you.

What is QuickBooks?

Large, medium, and small businesses love QuickBooks. The popularity is primarily because of the introductory package and the access to a suite of inventory management tools. One more thing, it can be used on both the desktop and on the web app, so business owners & teams can stay on top of everything even while on the move. 

QuickBooks allows business owners to pay bills, track cash flow, generate financial records, and manage taxes. Businesses can try out QuickBooks for 30 days without committing to a payment plan. Pay only if you like the software and it fulfills your use case.

Why You Should Look Into QuickBooks Alternatives?

QuickBooks is without a doubt an industry giant. But all of its success can be credited to a huge team of marketers and strategic partnerships. That doesn’t mean it’s not a feature-packed powerhouse. 

But, even after all QuickBooks has to offer, having some alternatives is a good idea. During our research for small business accounting software, we found 7 QuickBooks Alternatives. 

Let’s take a look at the top QuickBooks alternatives and what they have to offer.

7 Best QuickBooks Alternatives

SoftwareFeaturesMinimum Pricing
FreshBooks1. Good customer support
2. 70+ integrations
3. Double-entry accounting
4. Time tracking tools
$19/month
Xero1. iOS & Android
2. Accounting & invoicing features
3. International invoicing
$15/month
Patriot Accounting1. Tax assistance
2. Accounts receivable
3. Aging tracking
4. Bank reconciliation
5. Billing & invoicing
$20-30/month
Sage Accounting1. Cloud-based accounting
2. Tax assistance
3. Fee calculation & posting
4. Fraud detection capabilities
$595/month
Wave Accounting1. E-commerce checkout tools
2. Etsy integration
3. Intuitive and streamlined UI
– Free
– Pro plan is $16/month
Zoho Books1. Tax support & bank reconciliation tools
2. Contact management
3. Accounts payable tools
Free
Oracle NetSuite1. Good customer support
2. 70+ integrations
3. Double-entry accounting
4. Time-tracking tools
$999/month

FreshBooks – Quickbooks Alternative

FreshBooks is a well-known QuickBooks alternative. It has been around for more than 15 years and is built specifically for small businesses and those who are self-employed. 

FreshBook offers a range of features that you’re most likely not going to find in QuickBooks, such as:

  • Software integrations
  • Time tracking tools 
  • Contract management functions
  • Double entry accounting

As it’s a web-based solution, FreshBooks is the perfect option for remote teams as all they need is a computer and internet connection. It offers a versatile feature set and the pricing is far better compared to QuickBooks.

Key Features of FreshBooks:

  • Good customer support network
  • 70+ integrations with third-party apps
  • Good mobile app
  • Double-entry accounting
  • Time-tracking, contact management, & report management
  • Good invoicing options
  • Variety of accounting tools

FreshBooks pricing:

  • Lite: $19/month
  • Plus: $33/month
  • Premium: $60/month
  • Select: Custom pricing

Xero

Xero is based out of New Zealand and it has over 1 million subscribers. While the software is more focused on small businesses, the additional features can also support the needs of large-scale organizations.

All of Xero’s tools can be found in the intuitive dashboard. Similar to QuickBooks, Xero is designed to be affordable and accessible for small businesses.

Xero is a great tool overall. It aims to make paying bills easier and streamline inventory management and fixed assets management in all the plans. If your business has physical inventory and requires you to keep track of fixed assets, Xero is a good option.

Key Features of Xero:

  • Mobile and desktop apps
  • Multiple invoicing features
  • International invoicing
  • Payroll software and billion functions
  • Intuitive dashboard to access and control the tools
  • Tax calculation software

QuickBooks asks for $70/month if you want to track inventory. If you want to track fixed assets, then you’ll need to pay $373. So, Xero is without a doubt a cheaper option. 

Xero pricing:

  • Early: $15/month
  • Growing: $42/month
  • Established: $78/month

Patriot Accounting

Patriot Accounting is an Ohio-based accounting software firm. They’re one of the older players as they’ve been operating for more than 3 decades. The goal of Patriot Accounting is to serve the needs of small businesses by offering payroll software. Patriot is a great corporate accounting solution.

Patriot’s payroll feature offers two options, a basic self-service option, which allows businesses to run their own Payroll software but handle their taxes.

Or you can get their own payroll with Patriot’s payroll software but handle their own taxes. In this plan, a team from Patriot handles all of the Payroll tax duties. Both options offer payroll setup and support, and then they integrate it with Patriot accounting software.

Key Features of Patriot Accounting:

  • Some tax assistance
  • Accounts receivable
  • Aging tracking
  • Bank reconciliation
  • Billing and invoicing
  • Invoice customization
  • Check writing
  • Cash management
  • Expense tracking

Sage Business Cloud Accounting

Sage Business Cloud Accounting is an accounting software as a service that’s best for mid-sized businesses. They’re one of the biggest tech companies in the UK, and it has more than 13,000 employees. 

Similar to QuickBooks, Sage has plans for both small and big-scale businesses. It is one of the most complete QuickBooks alternatives.

Key Features of Sage Accounting:

  • Cloud-based software
  • Tax assistance and management tools
  • Fee calculation and posting
  • Fraud detection
  • Project management, team assignment, and report-generation tools
  • Invoice tracking and exemptions

If you want to use your accounting software to manage your payrolls, then you can easily save around $15 per month compared to QuickBooks.

Sage Accounting pricing:

  • Pro accounting: $595 per year
  • Premium accounting: $970 per year
  • Quantum accounting: $1,610 per year

Wave Accounting

Launched in 2009, Wave has quickly become one of the most popular business accounting software. It’s a completely free accounting software which is why it has more than 3.5 million users globally.

The payments and payroll are paid optional features. Accounting is free, but payments and payroll are paid.

With Wave, you can send unlimited recurring invoices, generate financial statements and reports, track income and so much more for free. 

Key Features of Wave Accounting:

  • E-commerce checkout tools
  • Accounting tool suite
  • Etsy integration
  • Intuitive UI
  • Accounting support materials and tutorials
  • Optional credit card payment software upgrade
  • Optional payroll software upgrade

Wave pricing:

  • Starter plan: Free
  • Pro plan: $16/month

Zoho Books

Zoho Books is part of the Zoho customer relationship management suite. If you purchase Zoho CRM, it automatically integrates with Zoho Books. However, you’ll have to pay for both of these software solutions separately.

With Zoho Books, you’ll get all the same features as QuickBooks at a much cheaper price. The invoicing feature of Zoho Books is one of the best for all kinds of firms. 

Key Features of Zoho Books:

  • Tax support and bank reconciliation tools
  • Contact management, accounts payable, and estimate tools
  • Reporting and invoicing 
  • Time tracking tools
  • Good customer support through live chat, email, and more
  • Recording for charts of accounts

When it comes to pricing, the difference between QuickBooks and Zoho is just $5. But when you compare high-end plans, Zoho takes the win easily. QuickBooks Online Plus ($70) is equal to Zoho Books’ Professional plan ($50). 

Zoho Books pricing:

  • Free: $0
  • Standard: $15 per organization/month
  • Professional: $40 per organization/month
  • Premium: $60 per organization/month
  • Elite: $120 per organization/month
  • Ultimate: $240 per organization/month

Oracle NetSuite

Oracle NetSuite is another cloud-based accounting software that’s great for both enterprises and small businesses. Oracle offers planning tools, reporting tools, and customizable process workflows. 

All of these features will be easily accessible on NetSuite’s intuitive dashboard. Your teammates can access the software anywhere around the globe. However, the Oracle NetSuite is an expensive option, so it is better suited for enterprise clients. 

Key Features of Oracle NetSuite:

  • Cloud-based software
  • CRM feature
  • Enterprise resource planning
  • Customizable workflows and project management tools
  • Report generation
  • Ledger controls for financial planning
  • Multiple customizable dashboards
  • Simultaneous user access

Oracle NetSuite pricing:

  • Custom: Typically charges a $999 monthly licensing fee
  • Additional per-user cost: Costs around $99 per month

Final take

If QuickBooks is not meeting your accounting needs, then choose any of the other accounting tools we’ve mentioned on our list.

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