Other than QuickBooks there are other alternatives that businesses can use. These alternatives available, which are also QuickBooks competitors include
1.Xero
This cloud based accounting software was created after the traditional desktop accounting software had become outdated. The modern cloud based product (XERO) develops cloud based accounting software for small businesses. Xero is sold by subscriptions and are part of the software as a service. Xero has a key feature that makes it different, that is; it automatically includes the bank and credit card account feeds and also imports bank and credit card statement on its own. The other features are like those of QuickBooks. This includes invoicing, account payable and expense claims. With Xero you get standard business and management reporting. Xero enables users to work in the same set of books regardless of the location and this is because all financial data on the cloud is on a single combined ledger.
2.Kashoo
Any business below the enterprise level can use kashoo system. It is a simple cloud based accounting system that brought about the solution for expense tracking, bookkeeping and much more. Before it became a cloud based accounting application it was an online business service. Solo and Business plans are the two plans that come with kashoo.
3.FreshBooks
Fresh books are designed for owners of small client service businesses. An example of such a business is the business, which sends invoices to clients and gets paid for their time and expertise for they are cloud based accounting. An advantage of fresh books is that users can customize them according to their wants. One can also restrict data to certain users; this is made possible because of the different access levels. The great feature of freshbooks is that which asks for a review or feedback during the payment process. After a client is asked for a review he or she is given a period of six months to be asked for another review. There are four different plans that come with flashbooks. They include, Sprout Seedling, Evergreen and Mighty Oak. The number of users is limited to 5 by Sprout and Seedling. Unlimited users are allowed by Evergreen and Mighty Oak versions.
4.Accounting by wave
Accounting by wave is just like QuickBooks for it is a double entry accounting tool. Suite of online small business software products has a brand by the name Wave. Services offered by Accounting by Wave include direct bank data import, invoicing and expense tracking. Accounting by wave has its limit. An example is that time tracking, point of sale and inventory features do not exist.
5.Less Accounting
This is accounting software accessible to business as SaaS (Software as a service) and has a monthly subscription. Besides the standard functionality in the usual accounting features, it has clients’ proposal, mileage tracking and wesabe integration. The Less Accounting comes in three alternatives. These are the Freelancer version, the Small Business version and the Super Powered version (suitable for big businesses).
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