An Overview of FreshBooks Alternatives

1. Moon Invoice : An invoicing software capable of simplifying invoicing process of businesses of all kinds.
2. QuickBooks : A cloud-based accounting solution that prioritizes managing the financial tasks of businesses.
3. Zoho Billing : It has established a reputation in the market due to its recurring billing and subscription management features.
4. Invoicely : Capable of managing multiple businesses in one place.
5. Xero : It is known for automating sales tax calculations and simplifying tax returns.
6. Invoice Simple : As the name suggests, it is very easy to use and create personalized invoices for small businesses.
7. Wave : Double-entry accounting and CRM integration make Wave a unique option.
8. Invoicera : It is known for offering various options for online payments to ease the transaction.
9. Invoice2go : A cloud-based billing solution known for quick invoice creation.
10. Bill.com : It is known for automated bill payment and expense management.

FreshBooks Invoice Alternatives: A Quick Comparison

If we consider the worldwide market, there are various software available as alternatives to FreshBooks. Here’s a comparison table of top alternatives to FreshBooks. These alternatives are picked based on pricing and feature offerings.

10 Best FreshBooks Alternatives For Your Business

1. Moon Invoice

In recent years, Moon Invoice has turned out to be one of the best alternatives to FreshBooks. The software offers advanced features that help you manage your business finances effectively. With Moon Invoice in use, you will not only fix financial hassles but also speed up the entire invoicing process.

Apart from invoicing, you will be able to manage estimates, expenses, create purchase orders, credit notes, delivery challans, and sales receipts. The software is designed to fit businesses of any kind, whether they are small startups, mid-scale enterprises, or large-scale enterprises.

Here is a list of features of Moon Invoice.

Key Features:

1. Professional Invoicing : Choose from over 66+ customizable templates for a professional look. Create invoices and send them to clients with your business logo.
2. Quick Scan : This is an AI-powered feature that reduces manual work as it scans paper documents and helps you create invoices. Easily scan and save the scanned invoice as a sales receipt, credit note, estimate, or expense, as needed.
3. Purchase Orders : Moon Invoice’s purchase order generator helps you create and manage purchase orders.
4. Credit Notes : You can create credit notes for your customers to seamlessly manage records.
5. Expense Tracking : Users can track and manage business expenses smartly with the option to attach documents or receipts to expense entries.
6. WhatsApp Sharing : Users can easily share invoices, estimates, proforma invoices, and sales receipts on WhatsApp.
7. Time Tracking : You can log billable hours with the help of the built-in time tracker and convert timesheets directly into invoices.
8. Multiple Payment Gateways : Integrate with over 20 secure payment gateways, including Stripe, PayPal, Square, and UPI, to facilitate faster payments.
9. Offline Sync : No need to connect to the internet, as Moon Invoice allows offline sync.
10. Recurring Invoices : Manual entry for repeated clients can be taken care of with an automated recurring invoice.
11. Tax Reports : Moon Invoice allows you to oversee all of your tax reports, either by grouping them in a specific category or without any grouping at all.

Pros

• Access to 66+ invoice templates
• Easier inventory management
• Balanced pricing with rich features
• Top-notch customer service through email and phone
• Ability to track every detail of the invoice
• Data security with a cloud storage option

Cons

• Some advanced features are only available in the enterprise plan
• You are allowed to synchronize data only when the internet is restored

Pricing Plans of Moon Invoice:

Moon Invoice offers 4 different types of pricing plans to help you choose as per your needs.

• Starter Plan: Starting at $6.67/month (If billed yearly)
• Standard Plan: Starting at $8.33/month (If billed yearly)
• Premium Plan: Starting at $12.50/month (If billed yearly)
• Enterprise Plan: Starting at $16.67/month (If billed yearly)

Note: All plans include a 7-day free trial, which allows users to explore the features before making a payment.

2. QuickBooks

QuickBooks is another FreshBooks alternative that ranks among our top 2 list because of its cloud-based accounting solution designed for both small and medium-sized businesses. QuickBooks comes with a suite of tools and core accounting features that can handle various financial tasks of your business.

The software allows businesses to simplify their financial processes, get real-time insights, and collaborate with team members. With an internet connection, users can access their financial data securely from anywhere, at any time, thanks to cloud storage support.

Key Features:

• Invoicing and payments
• Bank reconciliation
• Multi-user access
• Third-party integration
• Payroll management

Pros

• User-friendly and easy to use
• Integrating third-party apps is easy
• Set up a payroll

Cons

• Inconsistency in app updates
• Require training and knowledge to operate fully
• Expensive for startups and solopreneurs

Pricing:

QuickBooks pricing plan starts at $19/month

3. Zoho Billing

Zoho Billing is third on our list. It has turned out to be an alternative to FreshBooks if your business majorly focuses on subscriptions and recurring billing. Zoho is a popular name in the market because of its smart features.

With Zoho Billing, you will be able to access features like recurring billing, subscription management, reporting & analytics, third-party integrations, and more.

Key Features:

• Recurring billing
• Subscription management
• Reporting and analytics
• Third-party integrations

Pros

• Offers a good user interface
• User-friendly

Cons

• Limited flexibility in subscription tiers
• Not affordable for small businesses
• Requires consistent training for new companies

Pricing:

Zoho Billing pricing plan starts from $25/month (if billed yearly)

4. Invoicely

Invoicely is a FreshBooks competitor and a popular accounting software. It makes invoicing easier and accurate with its high-end features. Not only just finances, invoicely is also capable of project tracking and estimate generation.

It reduces the use of paperwork or manual work and replaces it with advanced invoicing solutions. Invoicely works great for small businesses and entrepreneurs when it comes to managing business accounting.

Key Features:

• Allows online payment via credit card and other payment gateways
• Ability to manage multiple businesses in one place
• Tracks hourly bills and expenses
• Provides customizable reports

Pros

• Multi-language support
• Useful in project estimation
• Ease of access for beginners

Cons

• Challenging to integrate applications
• Limited customization
• The support team lacks clarity in resolving issues

Pricing:

The basic pricing plan of Invoicely starts from $7.99/month (if billed yearly).

5. Xero

Xero, even though it is 5th on our list, has a large popularity among cloud-based accounting software. If we’re discussing FreshBooks alternatives, Xero can’t be left out. It is designed primarily for SMEs.

The best part about Xero is its bank integration feature that reduces management overhead. Using this feature, business owners can integrate the platform with their primary business bank account.

Xero easily automates the sales tax calculation and simplifies sales tax returns, all because of this one feature: Bank Integration.

Key Features:

• Availability of multiple plug-ins
• Ability to track and generate financial reports
• Automates recurring invoices
• Simplifies project management

Pros

• Unlimited users and clients
• Seamless bank integration

Cons

• Customer support is not handled properly
• Some basic features still require paid access
• Frequent pricing changes

Pricing:

Xero pricing plan starts from $20/month.

6. Invoice Simple

Another alternative to FreshBooks on our list is Invoice Simple.

It is an invoicing solution perfectly suited for freelancers, solopreneurs, and small business owners. Apart from its easy-to-use interface, users can create personalized invoices and estimates with Invoice Simple. Invoice Simple can be a valuable addition to businesses looking for small business accounting software.

You can add images, set payment terms, and apply discounts according to your preferences with Invoice Simple in use.

Key Features:

• Customizable templates
• Simplified report generation
• Notification for invoices
• Multiple payment options

Pros

• Comes with a profit margin calculator
• Ideal for frequent invoice processing
• Enhanced data security

Cons

• Integration options are very limited
• Expense tracking is not available

Pricing:

Invoice Simple pricing plan starts from $4.99/month.

7. Wave

Wave could be a valuable option for your business if you are looking for FreshBooks alternatives. Whether you’re a startup or freelancer, this cloud-based accounting tool makes sure your finances are running smoothly.

Wave offers customizable invoice templates as part of its suite of financial services. It offers invoicing, accounting, and receipt scanning with one goal: to simplify financial management.

The only demerit point of Wave is that it doesn’t offer an inventory management feature.

Key Features:

• Expense and income management
• Double-entry accounting
• CRM integration
• Multi-currency support

Pros

• Provides customizable templates
• Unlimited invoicing
• A good option for freelancers

Cons

• Unavailability of live or phone support
• Inventory management is not offered
• Certain features require an additional fee

Pricing:

The Pro plan of Wave starts from $190/year.

8. Invoicera

Invoicera is an Indian-based invoicing software that could be a good addition to your business, especially for simplifying the billing process. It is one of the FreshBooks competitors as it provides customizable invoice templates, invoice automation, and real-time invoice tracking.

Another advantage of Invoicera is that it offers various options for online payments to ease the transaction. It is an all-in-one solution to manage the finances of small and growing businesses.

Key Features:

• Easy integration with third-party apps
• Easy to manage AP and AR of the business
• Recurring invoices for automated billing
• Support for multiple currencies

Pros

• Option to import expense files
• Offers multiple payment gateways
• Easy and flexible to use for growing businesses

Cons

• Bank activity tracking is not available
• Many features are available only in the premium plan
• UI is complicated for beginners

Pricing:

Invoicera pricing plan starts from $15/month.

9. Invoice2go

Invoice2go is another alternative to FreshBooks that ranks 9th on our list.

The software is a cloud-based billing solution. For small businesses or freelancers, Invoice2go can be a great fit, as it makes invoice creation quick and effortless.

It allows business professionals to manage their projects easily.

Key Features:

• Easily send outstanding invoices through Email or WhatsApp
• Option to accept online payments
• Report generation
• Offers project management

Pros

• Simple to use
• Broader customization options
• User-friendly interface

Cons

• The basic plan has very limited options
• Not suitable for complex business types
• The billing structure is complicated

Pricing:

Invoice2go pricing plan starts from $5.99/month.

10. Bill.com

The last FreshBooks alternative on our list is Bill.com. It is a US-based billing software known for easing the financial management hassles and simplifying business billing.

Bill.com also acts as a cloud-based accounting software and offers customizable invoice templates to speed up the whole invoicing process. It offers accepting online payments through ACH and credit cards.

Key Features:

• Automated bill payment
• Expense management
• Recurring bill payment
• Payment tracking

Pros

• Offers third-party integration (with QuickBooks)
• Availability of online payment options
• Easy to use for beginners or startups

Cons

• Support service is not of the highest standard
• Difficult to integrate with other tools
• The customization report is limited

Pricing:

Bill.com pricing plan starts from $45/month.

Even after finding out the top 10 alternatives, you can’t say with closed eyes that one software can solve all your financial issues. There are many things to consider when selecting a FreshBooks alternative.

Let’s find out what they are!

Things to Keep in Mind While Selecting FreshBooks Alternatives

You must focus on the following points when selecting an alternative to FreshBooks.

1. Integration Capabilities

The software should be capable of integrating essential business systems, such as CRM, payment gateways, inventory platforms, and payroll. Smooth integration keeps your business intact as there are no more manual data entry or time-consuming processes to follow.

2. Scalability

This is an important factor because as your business grows, you will deal with increased bills, transactions, and user base. So the software you choose should be capable of handling it all without requiring another migration.

3. Ease of Use

The UI should be easy to use and not complex. As a small business or startup, look for invoicing software that is easy to use and has a simple interface. It will save a lot of time, and your team can easily adapt with minimal training.

4. Data Security

Check if the FreshBooks alternative is secure or not. Data security is one of the biggest aspects of selecting invoicing software. A FreshBooks alternative without any data security will always have the threat of data theft, invoice fraud, and duplicate data impersonation.

5. Pricing

Pricing is another factor to consider. You need to compare pricing plans of alternatives and need to find out how affordable and easy-to-use they are for your business.

6. Support

The customer support has to be solution-oriented. One way of communication channel, such as only availability of email support services, is time-consuming and frustrating (at times).

Conclusion

So, which alternative are you considering for FreshBooks?
It is tough to decide, the list goes on and features, pricing keep mixing, putting you in confusion. Always keep in mind that it is not necessary to purchase expensive software, but it is necessary to select one that fits your business requirements.

If you are looking for an alternative to FreshBooks that can help you stay on top of your finances without breaking the bank, consider Moon Invoice.

FAQs on Accounting Software Alternatives